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 | |
|---|---|---|---|---|---|---|
651
Regions Financial
RF
$26.4B
| $8.47M | 0.01% |
761,503
+227,165
| +43% | +$2.42M |
|
652
Hershey
HSY
$37.3B
| $8.45M | 0.01% |
65,224
+3,696
| +6% | +$497K |
|
653
ProShares Russell 2000 Dividend Growers ETF
SMDV
$701M
| $8.4M | 0.01% |
173,364
-8,755
| -5% | -$419K |
|
654
WBI BullBear Quality 3000 ETF
WBIL
$30M
| $8.39M | 0.01% |
321,734
-58,951
| -15% | -$1.52M |
|
655
Invesco S&P MidCap 400 Revenue ETF
RWK
$1.32B
| $8.38M | 0.01% |
162,924
+987
| +0.6% | +$47.5K |
|
656
First Trust Small Cap Growth AlphaDEX Fund
FYC
$1.24B
| $8.38M | 0.01% |
197,484
-28,341
| -13% | -$1.08M |
|
657
CME Group
CME
$95.4B
| $8.38M | 0.01% |
51,532
+6,969
| +16% | +$1.25M |
|
658
Fidelity Total Bond ETF
FBND
$27.1B
| $8.31M | 0.01% |
154,089
+14,314
| +10% | +$761K |
|
|
JPUS
659
JPMorgan Diversified Return US Equity ETF
JPUS
$459M
| $8.3M | 0.01% |
119,585
-3,843
| -3% | -$256K |
|
660
Nuveen ESG Large-Cap Growth ETF
NULG
$2.6B
| $8.28M | 0.01% |
180,432
+27,919
| +18% | +$1.17M |
|
661
Weyerhaeuser
WY
$17.6B
| $8.26M | 0.01% |
367,600
-23,522
| -6% | -$476K |
|
662
Freeport-McMoran
FCX
$86.2B
| $8.25M | 0.01% |
712,901
+40,376
| +6% | +$370K |
|
663
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.08B
| $8.24M | 0.01% |
451,395
+5,166
| +1% | +$85.9K |
|
664
Vanguard Long-Term Treasury ETF
VGLT
$10.1B
| $8.17M | 0.01% |
81,621
-15,475
| -16% | -$1.56M |
|
665
Iron Mountain
IRM
$35.9B
| $8.14M | 0.01% |
311,941
+11,481
| +4% | +$290K |
|
666
Annaly Capital Management
NLY
$17.3B
| $8.14M | 0.01% |
310,143
+36,243
| +13% | +$895K |
|
667
First Trust SSI Strategic Convertible Securities ETF
FCVT
$108M
| $8.11M | 0.01% |
228,644
-69,074
| -23% | -$2.26M |
|
668
iShares Global Healthcare ETF
IXJ
$4.16B
| $8.08M | 0.01% |
117,492
-2,260
| -2% | -$153K |
|
669
Linde
LIN
$236B
| $8.04M | 0.01% |
37,901
+4,480
| +13% | +$865K |
|
670
Illumina
ILMN
$29.5B
| $8.03M | 0.01% |
22,282
+7,660
| +52% | +$2.46M |
|
671
Mercado Libre
MELI
$94.5B
| $8.02M | 0.01% |
8,132
+1,487
| +22% | +$1.12M |
|
672
Aptiv
APTV
$12.3B
| $7.99M | 0.01% |
102,482
+31,684
| +45% | +$2.18M |
|
673
Chubb
CB
$140B
| $7.95M | 0.01% |
62,815
+1,809
| +3% | +$210K |
|
674
First Trust Multi Cap Growth AlphaDEX Fund
FAD
$545M
| $7.93M | 0.01% |
101,807
-2,001
| -2% | -$142K |
|
|
NVO
675
Novo Nordisk
NVO
$228B
| $7.93M | 0.01% |
242,362
-20,158
| -8% | -$643K |
|
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.