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 | |
|---|---|---|---|---|---|---|
1201
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.69B
| $2.63M | ﹤0.01% |
2,031
+246
| +14% | +$329K |
|
1202
iShares Core International Aggregate Bond Fund
IAGG
$10.9B
| $2.63M | ﹤0.01% |
47,201
-7,509
| -14% | -$415K |
|
1203
HubSpot
HUBS
$11.9B
| $2.63M | ﹤0.01% |
11,708
+4,399
| +60% | +$791K |
|
|
PMT
1204
PennyMac Mortgage Investment
PMT
$812M
| $2.63M | ﹤0.01% |
149,738
+3,590
| +2% | +$43.1K |
|
1205
iShares Morningstar Multi-Asset Income ETF
IYLD
$125M
| $2.62M | ﹤0.01% |
118,077
-29,325
| -20% | -$625K |
|
|
MASI
1206
DELISTED
Masimo
MASI
| $2.62M | ﹤0.01% |
11,473
-1,489
| -11% | -$327K |
|
1207
Newell Brands
NWL
$2.18B
| $2.61M | ﹤0.01% |
164,249
+27,927
| +20% | +$383K |
|
1208
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.5B
| $2.61M | ﹤0.01% |
106,415
+33,032
| +45% | +$790K |
|
1209
Essential Utilities
WTRG
$11.4B
| $2.61M | ﹤0.01% |
61,742
-4,188
| -6% | -$177K |
|
1210
Cincinnati Financial
CINF
$26.8B
| $2.6M | ﹤0.01% |
40,642
+13,266
| +48% | +$876K |
|
1211
Invesco Building & Construction ETF
PKB
$428M
| $2.6M | ﹤0.01% |
85,287
+2,725
| +3% | +$72.4K |
|
|
TVRD
1212
Tvardi Therapeutics
TVRD
$19.7M
| $2.59M | ﹤0.01% |
4,214
+73
| +2% | +$40.3K |
|
|
AGGP
1213
DELISTED
IQ Enhanced Core Plus Bond U.S. ETF
AGGP
| $2.59M | ﹤0.01% |
130,076
-8,403
| -6% | -$168K |
|
1214
Polaris
PII
$3.88B
| $2.58M | ﹤0.01% |
27,860
+4,133
| +17% | +$315K |
|
1215
iShares Morningstar Small-Cap Value ETF
ISCV
$695M
| $2.57M | ﹤0.01% |
74,406
-11,394
| -13% | -$372K |
|
|
HPI
1216
John Hancock Preferred Income Fund
HPI
$428M
| $2.57M | ﹤0.01% |
131,534
+1,149
| +0.9% | +$20.8K |
|
|
RCS
1217
PIMCO Strategic Income Fund
RCS
$243M
| $2.57M | ﹤0.01% |
403,953
+11,111
| +3% | +$72.9K |
|
1218
HCM Defender 500 Index ETF
LGH
$568M
| $2.56M | ﹤0.01% |
101,707
+229
| +0.2% | +$5.44K |
|
1219
WisdomTree Enhanced Commodity Strategy Fund
GCC
$270M
| $2.56M | ﹤0.01% |
164,054
-56,168
| -26% | -$849K |
|
1220
ProShares Ultra S&P500
SSO
$7.76B
| $2.56M | ﹤0.01% |
163,592
+78,752
| +93% | +$1.11M |
|
1221
Invesco
IVZ
$13B
| $2.55M | ﹤0.01% |
237,182
-116,414
| -33% | -$1.04M |
|
|
WRK
1222
DELISTED
WestRock Company
WRK
| $2.54M | ﹤0.01% |
90,057
+1,670
| +2% | +$47.5K |
|
1223
Vident International Equity Strategy
VIDI
$435M
| $2.54M | ﹤0.01% |
125,035
+14,593
| +13% | +$279K |
|
1224
Lamb Weston
LW
$7.36B
| $2.53M | ﹤0.01% |
39,608
+8,139
| +26% | +$491K |
|
1225
Conagra Brands
CAG
$7.19B
| $2.53M | ﹤0.01% |
71,957
-3,696
| -5% | -$123K |
|
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.