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 | |
|---|---|---|---|---|---|---|
976
Invesco WilderHill Clean Energy ETF
PBW
$379M
| $4.12M | 0.01% |
101,386
+28,724
| +40% | +$957K |
|
977
Main Street Capital
MAIN
$5.05B
| $4.11M | 0.01% |
132,146
-1,753
| -1% | -$49.4K |
|
978
eBay
EBAY
$51.2B
| $4.1M | 0.01% |
78,116
+17,453
| +29% | +$738K |
|
|
PFPT
979
DELISTED
Proofpoint, Inc.
PFPT
| $4.08M | 0.01% |
36,760
+8,654
| +31% | +$989K |
|
980
Bank of America Series L
BAC.PRL
$3.93B
| $4.06M | 0.01% |
3,027
-6
| -0.2% | -$8.12K |
|
|
LSI
981
DELISTED
Life Storage, Inc.
LSI
| $4.06M | 0.01% |
64,164
-848
| -1% | -$52.6K |
|
982
Global X Lithium & Battery Tech ETF
LIT
$1.46B
| $4.06M | 0.01% |
128,270
+10,842
| +9% | +$292K |
|
983
First Trust Ultra Short Duration Municipal ETF
FUMB
$246M
| $4.05M | 0.01% |
201,682
-43,045
| -18% | -$866K |
|
984
John Hancock Multifactor Developed International ETF
JHMD
$947M
| $4.05M | 0.01% |
155,965
+5,088
| +3% | +$125K |
|
985
Cambria Global Asset Allocation ETF
GAA
$72M
| $4.05M | 0.01% |
158,338
-3,525
| -2% | -$86.6K |
|
|
VER
986
DELISTED
VEREIT, Inc.
VER
| $4.04M | 0.01% |
125,652
-478
| -0.4% | -$13.3K |
|
987
CapForce IBD 50 ETF
FFTY
$78.8M
| $4.02M | 0.01% |
116,838
+12,755
| +12% | +$396K |
|
988
Entegris
ENTG
$16.3B
| $4.01M | 0.01% |
67,937
+28,855
| +74% | +$1.6M |
|
989
Guardant Health
GH
$19.1B
| $4.01M | 0.01% |
49,384
+5,664
| +13% | +$456K |
|
990
Zebra Technologies
ZBRA
$13.5B
| $4M | 0.01% |
15,644
+2,442
| +18% | +$572K |
|
|
CSF
991
DELISTED
VictoryShares US Discovery Enhanced Volatility Wtd ETF
CSF
| $4M | 0.01% |
102,264
+7,748
| +8% | +$284K |
|
992
Invesco Zacks Multi-Asset Income ETF
CVY
$124M
| $3.99M | 0.01% |
242,906
-3,649
| -1% | -$57.3K |
|
993
Invesco Dorsey Wright Utilities Momentum ETF
PUI
$54.3M
| $3.99M | 0.01% |
136,165
+5,297
| +4% | +$160K |
|
994
Teva Pharmaceuticals
TEVA
$40.4B
| $3.98M | 0.01% |
323,078
+4,626
| +1% | +$52.3K |
|
995
Global X Cloud Computing ETF
CLOU
$236M
| $3.98M | 0.01% |
185,853
+137,461
| +284% | +$2.53M |
|
996
Fidelity MSCI Utilities Index ETF
FUTY
$2.34B
| $3.96M | 0.01% |
108,659
+13,140
| +14% | +$490K |
|
997
iShares China Large-Cap ETF
FXI
$4.32B
| $3.96M | 0.01% |
99,805
-3,025
| -3% | -$118K |
|
998
Synopsys
SNPS
$71.6B
| $3.96M | 0.01% |
20,307
+909
| +5% | +$150K |
|
999
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.29B
| $3.95M | 0.01% |
111,294
+387
| +0.3% | +$12.5K |
|
1000
Goldman Sachs Hedge Industry VIP ETF
GVIP
$529M
| $3.95M | 0.01% |
60,042
-13,756
| -19% | -$828K |
|
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.