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 | |
|---|---|---|---|---|---|---|
401
Vanguard Russell 2000 ETF
VTWO
$17.2B
| $18.1M | 0.03% |
313,412
-39,350
| -11% | -$2.08M |
|
402
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $18M | 0.03% |
166,800
+4,744
| +3% | +$508K |
|
403
Schwab US Broad Market ETF
SCHB
$42.3B
| $17.9M | 0.03% |
1,462,938
-133,950
| -8% | -$1.54M |
|
404
State Street Blackstone Senior Loan ETF
SRLN
$5.3B
| $17.8M | 0.03% |
410,995
-184,203
| -31% | -$7.8M |
|
405
State Street SPDR S&P 1500 Momentum Tilt ETF
MMTM
$155M
| $17.7M | 0.03% |
+132,095
| New | +$16.7M |
|
406
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.05B
| $17.7M | 0.03% |
423,289
+75,908
| +22% | +$2.99M |
|
407
ProShares Large Cap Core Plus
CSM
$506M
| $17.6M | 0.03% |
497,226
+49,130
| +11% | +$1.65M |
|
|
USFR
408
DELISTED
WisdomTree Bloomberg Floating Rate Treasury Fund
USFR
| $17.6M | 0.03% |
699,364
-207,978
| -23% | -$5.22M |
|
409
ALPS Sector Dividend Dogs ETF
SDOG
$1.43B
| $17.6M | 0.03% |
483,268
-23,672
| -5% | -$828K |
|
410
Kinder Morgan
KMI
$70.9B
| $17.6M | 0.03% |
1,157,057
+90,672
| +9% | +$1.38M |
|
411
Trade Desk
TTD
$8.97B
| $17.5M | 0.03% |
431,700
-57,160
| -12% | -$1.72M |
|
412
US Bancorp
USB
$97.9B
| $17.5M | 0.03% |
475,792
+9,862
| +2% | +$351K |
|
413
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.11B
| $17.4M | 0.03% |
338,921
-85,310
| -20% | -$4.36M |
|
414
Constellation Brands
STZ
$22.5B
| $17.4M | 0.03% |
99,653
+8,125
| +9% | +$1.35M |
|
415
CSX Corp
CSX
$94B
| $17.4M | 0.03% |
749,547
+46,281
| +7% | +$1.02M |
|
416
Danaher
DHR
$138B
| $17.4M | 0.03% |
110,802
+13,363
| +14% | +$1.92M |
|
417
First Trust Long/Short Equity ETF
FTLS
$2.44B
| $17.3M | 0.03% |
421,182
+149,623
| +55% | +$5.98M |
|
418
iShares Select U.S. REIT ETF
ICF
$2.13B
| $17.2M | 0.03% |
340,840
-43,946
| -11% | -$2.16M |
|
419
Invesco Equal Weight 0-30 Year Treasury ETF
GOVI
$1.22B
| $17.2M | 0.03% |
435,840
+265,660
| +156% | +$10.5M |
|
420
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.51B
| $17.1M | 0.03% |
455,951
-27,844
| -6% | -$1.03M |
|
421
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.23B
| $17M | 0.03% |
639,804
+47,109
| +8% | +$1.23M |
|
422
Stryker
SYK
$135B
| $17M | 0.03% |
94,211
+1,618
| +2% | +$298K |
|
423
Ecolab
ECL
$79.8B
| $16.9M | 0.03% |
85,012
+2,583
| +3% | +$500K |
|
424
Zoetis
ZTS
$32.7B
| $16.8M | 0.03% |
122,856
+12,861
| +12% | +$1.68M |
|
425
Dollar General
DG
$28.4B
| $16.8M | 0.03% |
88,316
+12,514
| +17% | +$2.26M |
|
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.