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 | |
|---|---|---|---|---|---|---|
426
General Dynamics
GD
$103B
| $16.8M | 0.03% |
112,406
+29,514
| +36% | +$4.17M |
|
427
Xcel Energy
XEL
$49.2B
| $16.8M | 0.03% |
268,432
+21,571
| +9% | +$1.36M |
|
428
State Street SPDR S&P Aerospace & Defense ETF
XAR
$5.78B
| $16.7M | 0.03% |
190,225
-75,701
| -28% | -$6.27M |
|
429
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.9B
| $16.7M | 0.03% |
627,310
-598,972
| -49% | -$15.1M |
|
430
Amplify Cybersecurity ETF
HACK
$2.6B
| $16.6M | 0.03% |
373,885
+23,262
| +7% | +$965K |
|
431
National Grid
NGG
$79.3B
| $16.6M | 0.03% |
309,502
+5,432
| +2% | +$275K |
|
432
Truist Financial
TFC
$63.9B
| $16.4M | 0.03% |
436,059
+38,997
| +10% | +$1.4M |
|
433
Ares Capital
ARCC
$13.4B
| $16.2M | 0.03% |
1,124,480
+81,939
| +8% | +$1.11M |
|
434
Invesco Financial Preferred ETF
PGF
$674M
| $16M | 0.03% |
893,983
+159,764
| +22% | +$2.84M |
|
435
Canadian Imperial Bank of Commerce
CM
$106B
| $16M | 0.03% |
477,336
+17,316
| +4% | +$541K |
|
436
Dow Inc
DOW
$22B
| $15.9M | 0.03% |
391,151
+2,688
| +0.7% | +$98.4K |
|
437
British American Tobacco
BTI
$136B
| $15.9M | 0.03% |
410,539
+55,255
| +16% | +$2.12M |
|
438
State Street SPDR S&P Semiconductor ETF
XSD
$2.51B
| $15.9M | 0.03% |
142,274
+65,950
| +86% | +$6.69M |
|
439
Cummins
CMI
$83.6B
| $15.7M | 0.03% |
90,612
+7,757
| +9% | +$1.24M |
|
440
Invesco Large Cap Value ETF
PWV
$1.68B
| $15.7M | 0.03% |
468,007
-12,876
| -3% | -$425K |
|
441
iShares JPMorgan EM High Yield Bond ETF
EMHY
$617M
| $15.7M | 0.03% |
364,755
+25,093
| +7% | +$1.02M |
|
442
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.12B
| $15.7M | 0.03% |
250,272
-8,888
| -3% | -$512K |
|
443
iShares Morningstar Mid-Cap Growth ETF
IMCG
$3.88B
| $15.6M | 0.03% |
318,732
+3,864
| +1% | +$170K |
|
444
Invesco AI and Next Gen Software ETF
IGPT
$1.08B
| $15.6M | 0.03% |
406,782
+87,918
| +28% | +$3.02M |
|
445
Vanguard Energy ETF
VDE
$9.9B
| $15.5M | 0.03% |
308,051
+70,687
| +30% | +$3.49M |
|
446
Vanguard Russell 1000 Value ETF
VONV
$20.5B
| $15.5M | 0.03% |
312,926
-13,244
| -4% | -$640K |
|
447
ProShares S&P MidCap 400 Dividend Aristocrats ETF
REGL
$1.77B
| $15.4M | 0.03% |
292,394
+16,291
| +6% | +$814K |
|
448
Goldman Sachs Access Investment Grade Corporate Bond ETF
GIGB
$966M
| $15.4M | 0.03% |
279,074
+63,662
| +30% | +$3.41M |
|
449
iShares US Industrials ETF
IYJ
$1.95B
| $15.4M | 0.03% |
203,688
-16,454
| -7% | -$1.15M |
|
450
iShares US Financials ETF
IYF
$4.65B
| $15.3M | 0.03% |
278,626
-3,392
| -1% | -$181K |
|
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.