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 | |
|---|---|---|---|---|---|---|
376
Vanguard S&P 500 Value ETF
VOOV
$6.61B
| $19.7M | 0.03% |
188,473
-55,529
| -23% | -$5.71M |
|
377
iShares CMBS ETF
CMBS
$473M
| $19.6M | 0.03% |
357,757
+69,626
| +24% | +$3.75M |
|
378
PIMCO Corporate & Income Opportunity Fund
PTY
$2.46B
| $19.6M | 0.03% |
1,261,676
-183,412
| -13% | -$2.66M |
|
379
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.87B
| $19.6M | 0.03% |
775,838
+284,111
| +58% | +$7M |
|
380
iShares MSCI EAFE Value ETF
EFV
$28.3B
| $19.5M | 0.03% |
488,775
-22,669
| -4% | -$865K |
|
381
iShares Expanded Tech Sector ETF
IGM
$9.57B
| $19.5M | 0.03% |
418,626
+64,320
| +18% | +$2.7M |
|
382
Mondelez International
MDLZ
$83.4B
| $19.4M | 0.03% |
378,812
+45,478
| +14% | +$2.34M |
|
383
Elevance Health
ELV
$81.5B
| $19.3M | 0.03% |
73,464
+4,555
| +7% | +$1.22M |
|
384
Deere & Co
DE
$165B
| $19.3M | 0.03% |
122,783
+11,657
| +10% | +$1.69M |
|
385
Novartis
NVS
$302B
| $19.2M | 0.03% |
219,857
+12,878
| +6% | +$1.11M |
|
|
FISV
386
Fiserv Inc
FISV
$29.7B
| $19.1M | 0.03% |
195,624
+15,384
| +9% | +$1.55M |
|
387
iShares California Muni Bond ETF
CMF
$4.55B
| $19.1M | 0.03% |
306,684
+50,241
| +20% | +$3.08M |
|
388
Phillips 66
PSX
$82.9B
| $19M | 0.03% |
264,202
+14,800
| +6% | +$1.05M |
|
389
FedEx
FDX
$73B
| $18.9M | 0.03% |
134,969
+12,901
| +11% | +$1.62M |
|
390
BCE
BCE
$20.8B
| $18.9M | 0.03% |
451,819
+16,932
| +4% | +$697K |
|
391
First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF
FPXI
$261M
| $18.9M | 0.03% |
371,867
+230,248
| +163% | +$10.1M |
|
392
Unilever
UL
$142B
| $18.8M | 0.03% |
303,827
+95,929
| +46% | +$5.73M |
|
393
VictoryShares US 500 Volatility Wtd ETF
CFA
$540M
| $18.6M | 0.03% |
368,578
-45,043
| -11% | -$2.16M |
|
394
United States Oil Fund
USO
$2.15B
| $18.6M | 0.03% |
661,995
+508,494
| +331% | +$13.9M |
|
|
IBDP
395
DELISTED
iShares iBonds Dec 2024 Term Corporate ETF
IBDP
| $18.5M | 0.03% |
700,072
+4,141
| +0.6% | +$107K |
|
396
Cambria Tail Risk ETF
TAIL
$150M
| $18.4M | 0.03% |
829,129
+434,701
| +110% | +$9.85M |
|
397
State Street SPDR US Large Cap Low Volatility Index ETF
LGLV
$1.22B
| $18.3M | 0.03% |
179,678
-31,028
| -15% | -$3.08M |
|
398
Amplify Online Retail ETF
IBUY
$112M
| $18.2M | 0.03% |
259,456
+154,970
| +148% | +$9.12M |
|
399
Blackrock
BLK
$167B
| $18.2M | 0.03% |
33,389
+4,354
| +15% | +$2.2M |
|
400
VanEck Junior Gold Miners ETF
GDXJ
$6.86B
| $18.1M | 0.03% |
365,092
+75,664
| +26% | +$3.2M |
|
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.