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 | |
|---|---|---|---|---|---|---|
1076
AutoZone
AZO
$49.1B
| $3.31M | 0.01% |
2,932
-189
| -6% | -$199K |
|
1077
iShares US Regional Banks ETF
IAT
$673M
| $3.3M | 0.01% |
97,664
+8,636
| +10% | +$282K |
|
1078
VF Corp
VFC
$5.87B
| $3.29M | 0.01% |
53,899
-10,968
| -17% | -$639K |
|
|
XLNX
1079
DELISTED
Xilinx Inc
XLNX
| $3.29M | 0.01% |
33,392
+2,878
| +9% | +$255K |
|
1080
Flex
FLEX
$41B
| $3.28M | 0.01% |
425,059
+86,423
| +26% | +$623K |
|
1081
Davis Select US Equity ETF
DUSA
$1.26B
| $3.28M | 0.01% |
140,878
+16,232
| +13% | +$358K |
|
1082
SEI Investments
SEIC
$12.4B
| $3.27M | 0.01% |
59,562
+4,114
| +7% | +$215K |
|
1083
American Airlines Group
AAL
$10.2B
| $3.27M | 0.01% |
250,412
+77,561
| +45% | +$941K |
|
|
IFLN
1084
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$308M
| $3.27M | 0.01% |
180,846
-73,871
| -29% | -$1.31M |
|
|
ABMD
1085
DELISTED
Abiomed Inc
ABMD
| $3.27M | 0.01% |
13,518
+580
| +4% | +$116K |
|
1086
Lennar Class A
LEN
$20.2B
| $3.25M | 0.01% |
54,460
+1,443
| +3% | +$73.7K |
|
1087
Invesco S&P 500 GARP ETF
SPGP
$2.25B
| $3.25M | 0.01% |
59,115
-32,768
| -36% | -$1.7M |
|
1088
C.H. Robinson
CHRW
$17.3B
| $3.24M | 0.01% |
41,019
+6,888
| +20% | +$520K |
|
1089
Royce Value Trust
RVT
$2.2B
| $3.24M | 0.01% |
258,467
+21,975
| +9% | +$252K |
|
1090
Ametek
AME
$55B
| $3.24M | 0.01% |
36,253
+7,332
| +25% | +$615K |
|
1091
LyondellBasell Industries
LYB
$19.5B
| $3.23M | 0.01% |
49,148
+8,046
| +20% | +$479K |
|
|
NVTA
1092
DELISTED
Invitae Corporation
NVTA
| $3.23M | 0.01% |
106,549
-1,377
| -1% | -$24K |
|
1093
Simon Property Group
SPG
$74.7B
| $3.22M | 0.01% |
47,050
+23,460
| +99% | +$1.47M |
|
1094
Alcon
ALC
$33.9B
| $3.2M | 0.01% |
55,757
+23,880
| +75% | +$1.35M |
|
1095
iShares MSCI Netherlands ETF
EWN
$577M
| $3.19M | 0.01% |
97,670
-377,446
| -79% | -$11.1M |
|
1096
Icahn Enterprises
IEP
$5.18B
| $3.19M | 0.01% |
65,695
+12,899
| +24% | +$634K |
|
1097
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$339M
| $3.18M | 0.01% |
105,840
-17,730
| -14% | -$482K |
|
1098
Sarepta Therapeutics
SRPT
$1.64B
| $3.18M | 0.01% |
19,853
+1,316
| +7% | +$179K |
|
1099
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.43B
| $3.18M | 0.01% |
138,293
+645
| +0.5% | +$14.4K |
|
|
JHMH
1100
DELISTED
John Hancock Multifactor Healthcare ETF
JHMH
| $3.17M | 0.01% |
84,340
+20,698
| +33% | +$762K |
|
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.