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 | |
|---|---|---|---|---|---|---|
551
Booking.com
BKNG
$156B
| $11.2M | 0.02% |
175,700
-3,350
| -2% | -$204K |
|
552
Air Products & Chemicals
APD
$65.5B
| $11.2M | 0.02% |
46,225
+2,650
| +6% | +$605K |
|
553
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.45B
| $11.2M | 0.02% |
404,079
-114,383
| -22% | -$2.99M |
|
|
BSCM
554
DELISTED
Invesco BulletShares 2022 Corporate Bond ETF
BSCM
| $11.1M | 0.02% |
508,364
+58,982
| +13% | +$1.28M |
|
555
Okta
OKTA
$23.8B
| $11.1M | 0.02% |
55,372
+20,739
| +60% | +$3.52M |
|
556
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.74B
| $11M | 0.02% |
205,772
+36,708
| +22% | +$1.96M |
|
557
Schwab International Equity ETF
SCHF
$64.9B
| $11M | 0.02% |
742,424
-147,390
| -17% | -$2.07M |
|
558
Sysco
SYY
$40.8B
| $11M | 0.02% |
201,839
+48,200
| +31% | +$2.53M |
|
559
Vanguard Materials ETF
VAW
$3.01B
| $11M | 0.02% |
91,019
+23,013
| +34% | +$2.59M |
|
560
Diageo
DEO
$49.6B
| $11M | 0.02% |
81,625
+7,715
| +10% | +$1.06M |
|
561
iShares MSCI KLD 400 Social ETF
DSI
$5.1B
| $10.9M | 0.02% |
184,676
-27,542
| -13% | -$1.53M |
|
562
iShares Emerging Markets Dividend ETF
DVYE
$1.2B
| $10.9M | 0.02% |
347,931
+21,336
| +7% | +$661K |
|
563
MetLife
MET
$62.4B
| $10.9M | 0.02% |
297,803
+69,793
| +31% | +$2.43M |
|
564
Invesco Bloomberg Pricing Power ETF
POWA
$180M
| $10.8M | 0.02% |
209,425
+146,858
| +235% | +$7.25M |
|
565
Sherwin-Williams
SHW
$84.8B
| $10.8M | 0.02% |
56,124
+5,382
| +11% | +$970K |
|
566
iShares Convertible Bond ETF
ICVT
$6.97B
| $10.8M | 0.02% |
152,235
+50,259
| +49% | +$3.19M |
|
567
Monster Beverage
MNST
$95.1B
| $10.8M | 0.02% |
311,362
+51,610
| +20% | +$1.69M |
|
568
FlexShares Quality Dividend Index Fund
QDF
$2.2B
| $10.8M | 0.02% |
254,967
+107,399
| +73% | +$4.35M |
|
569
Norfolk Southern
NSC
$75.4B
| $10.8M | 0.02% |
61,328
+2,254
| +4% | +$382K |
|
570
Moody's
MCO
$83.7B
| $10.7M | 0.02% |
39,063
-2,981
| -7% | -$757K |
|
571
Vanguard FTSE Europe ETF
VGK
$30.1B
| $10.7M | 0.02% |
212,779
-13,581
| -6% | -$641K |
|
572
Morgan Stanley
MS
$319B
| $10.7M | 0.02% |
221,296
+25,332
| +13% | +$1.06M |
|
573
Amplify Alternative Harvest ETF
MJ
$96.9M
| $10.7M | 0.02% |
69,112
+10,425
| +18% | +$1.58M |
|
574
Tyson Foods
TSN
$21.5B
| $10.7M | 0.02% |
178,738
+44,310
| +33% | +$2.69M |
|
575
Schwab US Aggregate Bond ETF
SCHZ
$10.5B
| $10.6M | 0.02% |
376,846
+16,972
| +5% | +$472K |
|
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.