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 | |
|---|---|---|---|---|---|---|
601
T. Rowe Price
TROW
$25.5B
| $9.61M | 0.02% |
77,795
+295
| +0.4% | +$33.6K |
|
602
Roku
ROKU
$21.6B
| $9.53M | 0.02% |
81,809
-3,665
| -4% | -$419K |
|
603
Invesco S&P International Developed Low Volatility ETF
IDLV
$345M
| $9.51M | 0.02% |
344,452
+44,853
| +15% | +$1.22M |
|
604
First Trust Indxx NextG ETF
NXTG
$523M
| $9.5M | 0.02% |
174,494
+79,042
| +83% | +$4.09M |
|
605
VanEck Preferred Securities ex Financials ETF
PFXF
$2.37B
| $9.5M | 0.02% |
521,565
+8,798
| +2% | +$159K |
|
|
EXAS
606
DELISTED
Exact Sciences
EXAS
| $9.46M | 0.02% |
108,819
+12,438
| +13% | +$994K |
|
|
VMW
607
DELISTED
VMware, Inc
VMW
| $9.46M | 0.02% |
61,054
+12,268
| +25% | +$1.69M |
|
608
WBI BullBear Yield 3000 ETF
WBIG
$30.4M
| $9.45M | 0.02% |
419,419
-59,835
| -12% | -$1.34M |
|
609
First Trust Low Duration Strategic Focus ETF
LDSF
$161M
| $9.43M | 0.02% |
465,238
+90,428
| +24% | +$1.82M |
|
|
BSCN
610
DELISTED
Invesco BulletShares 2023 Corporate Bond ETF
BSCN
| $9.32M | 0.02% |
428,294
+58,411
| +16% | +$1.25M |
|
611
Invesco High Yield Equity Dividend Achievers ETF
PEY
$1.16B
| $9.31M | 0.02% |
645,198
+217,196
| +51% | +$3.06M |
|
612
Invesco Zacks Mid-Cap ETF
CZA
$191M
| $9.29M | 0.02% |
151,126
+5,211
| +4% | +$303K |
|
613
Liberty All-Star Equity Fund
USA
$1.78B
| $9.23M | 0.02% |
1,614,534
+202,964
| +14% | +$1.1M |
|
614
Allstate
ALL
$70.6B
| $9.23M | 0.02% |
95,198
+109
| +0.1% | +$10.7K |
|
|
MPT
615
Medical Properties Trust
MPT
$2.84B
| $9.18M | 0.02% |
488,270
+40,462
| +9% | +$717K |
|
616
iShares US Healthcare Providers ETF
IHF
$1.22B
| $9.18M | 0.02% |
237,710
-48,550
| -17% | -$1.83M |
|
617
First Trust Europe AlphaDEX Fund
FEP
$515M
| $9.16M | 0.02% |
301,023
-139,561
| -32% | -$3.99M |
|
618
Global X S&P 500 Covered Call ETF
XYLD
$3.19B
| $9.16M | 0.02% |
215,686
+98,501
| +84% | +$4.07M |
|
619
Cintas
CTAS
$86.6B
| $9.14M | 0.02% |
137,316
+10,032
| +8% | +$580K |
|
620
Intuit
INTU
$91.1B
| $9.11M | 0.02% |
30,747
+3,434
| +13% | +$942K |
|
621
Travelers Companies
TRV
$81.1B
| $9.11M | 0.02% |
79,835
+3,327
| +4% | +$351K |
|
622
VictoryShares US Large Cap High Div Volatility Wtd ETF
CDL
$407M
| $9.1M | 0.02% |
230,278
+821
| +0.4% | +$31.6K |
|
623
International Paper
IP
$22.6B
| $9.09M | 0.02% |
272,659
+41,814
| +18% | +$1.33M |
|
624
iShares MSCI ACWI ETF
ACWI
$32B
| $9.07M | 0.02% |
123,009
-9,726
| -7% | -$679K |
|
625
Ulta Beauty
ULTA
$21.8B
| $9.06M | 0.02% |
44,546
+21,055
| +90% | +$4.53M |
|
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.