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 | |
|---|---|---|---|---|---|---|
1351
Lamar Advertising Co
LAMR
$16.3B
| $2M | ﹤0.01% |
29,913
+9,526
| +47% | +$582K |
|
1352
State Street Global Allocation ETF
GAL
$304M
| $2M | ﹤0.01% |
54,141
+6,578
| +14% | +$233K |
|
1353
Infosys
INFY
$48.4B
| $1.99M | ﹤0.01% |
205,909
-2,342
| -1% | -$20.9K |
|
1354
JPMorgan USD Emerging Markets Sovereign Bond ETF
JPMB
$67.2M
| $1.98M | ﹤0.01% |
41,053
-3,084
| -7% | -$141K |
|
1355
FlexShares High Yield Value-Scored Bond Index Fund
HYGV
$1.09B
| $1.98M | ﹤0.01% |
43,985
+2,934
| +7% | +$128K |
|
1356
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
$2.54B
| $1.97M | ﹤0.01% |
77,823
-7,319
| -9% | -$183K |
|
1357
Invesco S&P 500 Momentum ETF
SPMO
$20.7B
| $1.97M | ﹤0.01% |
45,009
+25,671
| +133% | +$1.05M |
|
1358
Invesco KBW Bank ETF
KBWB
$6.83B
| $1.96M | ﹤0.01% |
51,323
+19,649
| +62% | +$734K |
|
1359
Invesco S&P Global Water Index ETF
CGW
$1.05B
| $1.96M | ﹤0.01% |
52,447
+1,745
| +3% | +$62.4K |
|
1360
LeaderShares AlphaFactor US Core Equity ETF
LSAF
$124M
| $1.96M | ﹤0.01% |
83,568
+11,452
| +16% | +$251K |
|
1361
Bread Financial
BFH
$4.47B
| $1.95M | ﹤0.01% |
54,226
+9,939
| +22% | +$353K |
|
1362
Equity Residential
EQR
$25.2B
| $1.94M | ﹤0.01% |
33,032
+751
| +2% | +$46.5K |
|
|
PXD
1363
DELISTED
Pioneer Natural Resource Co.
PXD
| $1.93M | ﹤0.01% |
19,791
-12,892
| -39% | -$1.14M |
|
|
SOLN
1364
DELISTED
The Southern Company
SOLN
| $1.93M | ﹤0.01% |
43,675
+1,225
| +3% | +$57.5K |
|
1365
UBS Group
UBS
$175B
| $1.92M | ﹤0.01% |
166,570
-31,665
| -16% | -$326K |
|
1366
VictoryShares US Small Cap High Div Volatility Wtd ETF
CSB
$271M
| $1.92M | ﹤0.01% |
52,291
-11,392
| -18% | -$390K |
|
1367
Inovio Pharmaceuticals
INO
$54M
| $1.92M | ﹤0.01% |
5,935
+1,263
| +27% | +$203K |
|
1368
iShares ESG Aware USD Corporate Bond ETF
SUSC
$1.29B
| $1.92M | ﹤0.01% |
69,433
+6,780
| +11% | +$182K |
|
1369
HP
HPQ
$24.6B
| $1.91M | ﹤0.01% |
109,749
+23,682
| +28% | +$376K |
|
1370
Whirlpool
WHR
$2.47B
| $1.91M | ﹤0.01% |
14,728
+2,256
| +18% | +$258K |
|
1371
Zscaler
ZS
$24B
| $1.91M | ﹤0.01% |
17,412
-4,017
| -19% | -$334K |
|
1372
iShares MSCI Intl Value Factor ETF
IVLU
$4.44B
| $1.91M | ﹤0.01% |
97,542
+15,499
| +19% | +$292K |
|
1373
Rollins
ROL
$18.5B
| $1.9M | ﹤0.01% |
67,370
-3,082
| -4% | -$82.5K |
|
|
PBND
1374
DELISTED
Invesco PureBeta US Aggregate Bond ETF
PBND
| $1.9M | ﹤0.01% |
70,860
+59,331
| +515% | +$1.59M |
|
1375
Compass Diversified
CODI
$756M
| $1.9M | ﹤0.01% |
110,231
+10,995
| +11% | +$187K |
|
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.