LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$288M |
| 2 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$216M |
| 3 |
Vanguard Total Bond Market
BND
|
+$203M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$201M |
| 5 |
iShares MSCI EAFE Growth ETF
EFG
|
+$195M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$119M |
| 2 |
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
|
+$113M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$101M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$95M |
| 5 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$86.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.5% |
| 2 | Healthcare | 2.67% |
| 3 | Consumer Discretionary | 2.65% |
| 4 | Financials | 2.58% |
| 5 | Communication Services | 2.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ITCI
2751
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $336K | ﹤0.01% |
13,098
+1,015
| +8% | +$20.5K |
|
2752
Invesco Mortgage Capital
IVR
$759M
| $334K | ﹤0.01% |
8,935
-34,795
| -80% | -$1.2M |
|
2753
BlackRock MuniAssets Fund
MUA
$509M
| $334K | ﹤0.01% |
24,051
-6,858
| -22% | -$90K |
|
|
IAA
2754
DELISTED
IAA, Inc. Common Stock
IAA
| $334K | ﹤0.01% |
8,666
-957
| -10% | -$35.7K |
|
2755
Calumet Specialty Products
CLMT
$3.85B
| $333K | ﹤0.01% |
146,083
+25,161
| +21% | +$53.8K |
|
|
AVTA
2756
DELISTED
Avantax, Inc. Common Stock
AVTA
| $333K | ﹤0.01% |
29,147
+3,842
| +15% | +$48.2K |
|
2757
Home BancShares
HOMB
$6.23B
| $332K | ﹤0.01% |
21,615
-1,431
| -6% | -$20.1K |
|
2758
IPG Photonics
IPGP
$3.61B
| $332K | ﹤0.01% |
2,069
-680
| -25% | -$96.8K |
|
2759
Quaker Houghton
KWR
$2.76B
| $331K | ﹤0.01% |
1,783
-15
| -0.8% | -$2.35K |
|
2760
Smith & Wesson
SWBI
$651M
| $331K | ﹤0.01% |
20,031
+5,831
| +41% | +$54.2K |
|
2761
Goldman Sachs Physical Gold ETF Shares
AAAU
$2.46B
| $330K | ﹤0.01% |
+18,585
| New | +$318K |
|
2762
VanEck Energy Income ETF
EINC
$78.2M
| $330K | ﹤0.01% |
8,671
-492
| -5% | -$17.7K |
|
|
PPT
2763
Franklin Premier Income Trust
PPT
$324M
| $330K | ﹤0.01% |
69,636
-3,688
| -5% | -$17.4K |
|
2764
OrthoPediatrics
KIDS
$519M
| $329K | ﹤0.01% |
+7,522
| New | +$338K |
|
|
PLYM
2765
DELISTED
Plymouth Industrial REIT
PLYM
| $329K | ﹤0.01% |
25,689
+2,642
| +11% | +$35.1K |
|
2766
Invesco Municipal Trust
VKQ
$541M
| $329K | ﹤0.01% |
27,947
-456
| -2% | -$5.27K |
|
|
SBNY
2767
DELISTED
Signature Bank
SBNY
| $329K | ﹤0.01% |
3,077
-51
| -2% | -$5.02K |
|
2768
Electromed
ELMD
$337M
| $328K | ﹤0.01% |
+21,331
| New | +$295K |
|
2769
iShares MSCI Philippines ETF
EPHE
$132M
| $328K | ﹤0.01% |
12,182
-1,123
| -8% | -$28.4K |
|
2770
FIVE9
FIVN
$2.11B
| $328K | ﹤0.01% |
+2,963
| New | +$288K |
|
2771
First Trust Exchange-Traded Fund VI First Trust S-Network E-Commerce ETF
ISHP
$5.35M
| $328K | ﹤0.01% |
13,950
+896
| +7% | +$19.3K |
|
|
LGI
2772
Lazard Global Total Return & Income Fund
LGI
$236M
| $328K | ﹤0.01% |
23,291
+1,554
| +7% | +$20.8K |
|
|
PFL
2773
PIMCO Income Strategy Fund
PFL
$384M
| $328K | ﹤0.01% |
33,777
+1,167
| +4% | +$10.7K |
|
2774
Parsons
PSN
$4.72B
| $327K | ﹤0.01% |
9,033
+24
| +0.3% | +$902 |
|
2775
TTEC Holdings
TTEC
$121M
| $327K | ﹤0.01% |
7,018
+851
| +14% | +$34K |
|
Similar funds
LPL Financial's Q2 2020 Portfolio in Review
As of Q2 2020, LPL Financial held 3,572 positions worth $57.4B, up 24% from $46.4B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
LPL Financial deployed $3.19B of net new capital in Q2 2020, opening 364 new positions and adding to 1,877 existing holdings. Its largest new stake was FS KKR Capital Corp. II: 1,600,279 shares worth $20.6M.
By sector, the portfolio is most concentrated in Technology at 5.5% of assets, up from 4.6% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $119M trimmed.
- LPL Financial's largest Q2 2020 buy was FS KKR Capital Corp. II: 1,600,279 shares worth $20.6M.
- LPL Financial added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q2 2020, an estimated $288M increase.
- LPL Financial's biggest Q2 2020 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $119M.
- LPL Financial fully exited Raytheon Company in Q2 2020, selling an estimated $18.6M.
- LPL Financial's ten largest holdings make up 21% of its $57.4B portfolio in Q2 2020.
- LPL Financial opened 364 new positions and closed 114 in Q2 2020.
- LPL Financial's portfolio value rose 24% quarter-over-quarter to $57.4B.
Based on LPL Financial's 13F filing for Q2 2020, filed 13 Aug 2020.