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 | |
|---|---|---|---|---|---|---|
851
Marriott International
MAR
$100B
| $5.26M | 0.01% |
61,339
+28,557
| +87% | +$2.48M |
|
852
Vanguard Russell 3000 ETF
VTHR
$4.57B
| $5.24M | 0.01% |
37,449
-359
| -0.9% | -$47.3K |
|
853
First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF
HISF
$98.4M
| $5.23M | 0.01% |
116,425
-5,567
| -5% | -$246K |
|
854
Quest Diagnostics
DGX
$26B
| $5.23M | 0.01% |
45,875
+24,697
| +117% | +$2.62M |
|
855
Yum China
YUMC
$15.7B
| $5.21M | 0.01% |
108,387
+3,060
| +3% | +$144K |
|
|
AWF
856
AllianceBernstein Global High Income Fund
AWF
$869M
| $5.19M | 0.01% |
514,230
+109,144
| +27% | +$1.07M |
|
857
Centene
CNC
$30.5B
| $5.19M | 0.01% |
81,710
-1,341
| -2% | -$87.3K |
|
858
Stanley Black & Decker
SWK
$14.5B
| $5.19M | 0.01% |
37,224
+1,466
| +4% | +$177K |
|
859
TE Connectivity
TEL
$60B
| $5.18M | 0.01% |
63,520
-3,984
| -6% | -$300K |
|
|
THW
860
abrdn World Healthcare Fund
THW
$534M
| $5.18M | 0.01% |
361,985
+192,273
| +113% | +$2.64M |
|
861
State Street SPDR US Small Cap Low Volatility Index ETF
SMLV
$260M
| $5.17M | 0.01% |
67,741
-94,790
| -58% | -$6.82M |
|
862
SLB Ltd
SLB
$72.7B
| $5.16M | 0.01% |
280,690
-20,961
| -7% | -$367K |
|
863
United States 12 Month Oil Fund,
USL
$45.7M
| $5.14M | 0.01% |
349,058
+337,993
| +3,055% | +$4.34M |
|
864
Moderna
MRNA
$21.6B
| $5.14M | 0.01% |
80,081
+22,327
| +39% | +$1.22M |
|
865
First Trust Institutional Preferred Securities and Income ETF
FPEI
$1.92B
| $5.14M | 0.01% |
272,771
-46,015
| -14% | -$837K |
|
866
BlackRock Taxable Municipal Bond Trust
BBN
$971M
| $5.13M | 0.01% |
205,833
+10,543
| +5% | +$247K |
|
867
Invesco Variable Rate Preferred ETF
VRP
$2.98B
| $5.13M | 0.01% |
218,772
+74,390
| +52% | +$1.72M |
|
868
Global X SuperDividend ETF
SDIV
$1.21B
| $5.1M | 0.01% |
154,350
+14,466
| +10% | +$449K |
|
869
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$560M
| $5.09M | 0.01% |
180,972
-37,555
| -17% | -$978K |
|
870
ProShares K-1 Free Crude Oil Strategy ETF
OILK
$210M
| $5.09M | 0.01% |
138,802
+134,650
| +3,243% | +$4.53M |
|
871
Paycom
PAYC
$7.88B
| $5.08M | 0.01% |
16,417
+1,617
| +11% | +$430K |
|
872
VanEck Biotech ETF
BBH
$406M
| $5.07M | 0.01% |
31,144
+13,520
| +77% | +$2.05M |
|
873
VictoryShares Dividend Accelerator ETF
VSDA
$249M
| $5.07M | 0.01% |
153,013
+18,811
| +14% | +$601K |
|
874
IQVIA
IQV
$40.7B
| $5.06M | 0.01% |
35,653
-2,503
| -7% | -$339K |
|
875
Innovator US Equity Buffer ETF April
BAPR
$401M
| $5.03M | 0.01% |
182,324
-9,801
| -5% | -$261K |
|
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.