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 | |
|---|---|---|---|---|---|---|
826
State Street SPDR Dow Jones REIT ETF
RWR
$1.87B
| $5.53M | 0.01% |
70,815
-8,857
| -11% | -$678K |
|
827
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.3B
| $5.52M | 0.01% |
57,097
-3,794
| -6% | -$339K |
|
|
RDS.B
828
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $5.51M | 0.01% |
181,082
-17,863
| -9% | -$584K |
|
829
Brown-Forman Class B
BF.B
$13.2B
| $5.51M | 0.01% |
86,582
+1,629
| +2% | +$104K |
|
830
Ciena
CIEN
$52.7B
| $5.51M | 0.01% |
101,752
+23,045
| +29% | +$1.15M |
|
831
Sprott Physical Gold
PHYS
$14.8B
| $5.51M | 0.01% |
385,134
+13,848
| +4% | +$191K |
|
832
Healthcare Realty
HR
$7.46B
| $5.5M | 0.01% |
207,482
+9,781
| +5% | +$251K |
|
833
Blue Owl Capital
OBDC
$5.36B
| $5.5M | 0.01% |
445,737
+185,357
| +71% | +$2.29M |
|
834
Western Digital
WDC
$184B
| $5.48M | 0.01% |
164,160
+41,642
| +34% | +$1.35M |
|
835
ASML
ASML
$634B
| $5.47M | 0.01% |
14,872
+3,131
| +27% | +$983K |
|
836
First Trust Nasdaq Oil & Gas ETF
FTXN
$164M
| $5.43M | 0.01% |
502,251
+71,459
| +17% | +$771K |
|
837
RLI Corp
RLI
$5.62B
| $5.42M | 0.01% |
132,102
+79,716
| +152% | +$3.14M |
|
838
Invesco S&P 500 Downside Hedged ETF
PHDG
$73.3M
| $5.41M | 0.01% |
174,463
+152,779
| +705% | +$4.6M |
|
839
Amplify Mobile Payments ETF
IPAY
$173M
| $5.4M | 0.01% |
110,117
-5,146
| -4% | -$231K |
|
840
Copart
CPRT
$27.4B
| $5.39M | 0.01% |
259,012
+43,148
| +20% | +$866K |
|
841
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.18B
| $5.39M | 0.01% |
98,188
-4,422
| -4% | -$230K |
|
842
T-Mobile US
TMUS
$186B
| $5.38M | 0.01% |
51,698
+28,100
| +119% | +$2.69M |
|
843
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.41B
| $5.38M | 0.01% |
132,211
+45,709
| +53% | +$1.78M |
|
|
HQH
844
abrdn Healthcare Investors
HQH
$1.26B
| $5.37M | 0.01% |
251,774
+87,640
| +53% | +$1.79M |
|
845
Fortinet
FTNT
$113B
| $5.35M | 0.01% |
194,995
+68,535
| +54% | +$1.72M |
|
846
First Trust Nasdaq Artificial Intelligence and Robotics ETF
ROBT
$714M
| $5.34M | 0.01% |
148,420
+16,155
| +12% | +$522K |
|
847
O'Reilly Automotive
ORLY
$72.4B
| $5.33M | 0.01% |
189,585
-1,845
| -1% | -$48.2K |
|
848
VanEck Emerging Markets High Yield Bond ETF
HYEM
$523M
| $5.29M | 0.01% |
237,288
+2,075
| +0.9% | +$43.8K |
|
849
Omega Healthcare
OHI
$15B
| $5.28M | 0.01% |
177,488
+10,376
| +6% | +$307K |
|
850
Trex
TREX
$4.56B
| $5.26M | 0.01% |
80,924
+21,806
| +37% | +$1.16M |
|
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.