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 | |
|---|---|---|---|---|---|---|
1251
New Mountain Finance
NMFC
$653M
| $2.44M | ﹤0.01% |
262,326
+5,435
| +2% | +$44.6K |
|
|
WBND
1252
DELISTED
Western Asset Total Return ETF
WBND
| $2.43M | ﹤0.01% |
24,754
+1,794
| +8% | +$169K |
|
1253
Bruker
BRKR
$9.79B
| $2.43M | ﹤0.01% |
59,702
+12,112
| +25% | +$477K |
|
1254
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund
TDTF
$1.04B
| $2.43M | ﹤0.01% |
90,869
+4,403
| +5% | +$116K |
|
1255
GraniteShares Gold Shares
BAR
$1.38B
| $2.42M | ﹤0.01% |
136,512
+48,495
| +55% | +$828K |
|
|
PCN
1256
PIMCO Corporate & Income Strategy Fund
PCN
$873M
| $2.42M | ﹤0.01% |
153,017
+6,437
| +4% | +$97K |
|
1257
iShares MSCI Intl Quality Factor ETF
IQLT
$13.9B
| $2.41M | ﹤0.01% |
82,097
+3,003
| +4% | +$84K |
|
1258
BlackRock Core Bond Trust
BHK
$648M
| $2.41M | ﹤0.01% |
156,728
+22,141
| +16% | +$327K |
|
1259
Royal Bank of Canada
RY
$292B
| $2.41M | ﹤0.01% |
35,483
+6,602
| +23% | +$420K |
|
1260
Vanguard S&P Mid-Cap 400 Growth ETF
IVOG
$1.62B
| $2.4M | ﹤0.01% |
34,520
-1,722
| -5% | -$111K |
|
|
GAP
1261
The Gap Inc
GAP
$7.34B
| $2.4M | ﹤0.01% |
190,366
+48,025
| +34% | +$433K |
|
1262
QuidelOrtho
QDEL
$1.13B
| $2.4M | ﹤0.01% |
10,721
-112
| -1% | -$17.6K |
|
1263
CMS Energy
CMS
$22.7B
| $2.39M | ﹤0.01% |
40,864
+5,173
| +14% | +$300K |
|
1264
Healthpeak Properties
DOC
$15.2B
| $2.39M | ﹤0.01% |
86,613
-17,540
| -17% | -$448K |
|
1265
STMicroelectronics
STM
$47.3B
| $2.38M | ﹤0.01% |
86,708
-687
| -0.8% | -$17.1K |
|
1266
iShares MSCI ACWI ex US ETF
ACWX
$11.5B
| $2.37M | ﹤0.01% |
54,792
-12,988
| -19% | -$531K |
|
1267
Pan American Silver
PAAS
$18.6B
| $2.36M | ﹤0.01% |
77,766
-10,379
| -12% | -$246K |
|
1268
Principal Financial Group
PFG
$24.5B
| $2.36M | ﹤0.01% |
56,851
+19,678
| +53% | +$718K |
|
1269
PACCAR
PCAR
$70.4B
| $2.36M | ﹤0.01% |
47,238
-8,777
| -16% | -$410K |
|
1270
NYLI Hedge Multi-Strategy Tracker ETF
QAI
$1.01B
| $2.35M | ﹤0.01% |
77,675
-4,600
| -6% | -$136K |
|
|
KSU
1271
DELISTED
Kansas City Southern
KSU
| $2.35M | ﹤0.01% |
15,764
+922
| +6% | +$130K |
|
1272
Gabelli Dividend & Income Trust
GDV
$2.6B
| $2.34M | ﹤0.01% |
133,183
+6,544
| +5% | +$111K |
|
|
SCHR
1273
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.3B
| $2.34M | ﹤0.01% |
79,572
-57,980
| -42% | -$1.7M |
|
1274
VanEck Mortgage REIT Income ETF
MORT
$364M
| $2.33M | ﹤0.01% |
173,496
-135
| -0.1% | -$1.58K |
|
1275
Aptus Defined Risk ETF
DRSK
$1.51B
| $2.33M | ﹤0.01% |
+77,082
| New | +$2.29M |
|
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.