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 | |
|---|---|---|---|---|---|---|
126
Costco
COST
$429B
| $93.5M | 0.16% |
308,418
-2,712
| -0.9% | -$825K |
|
127
UnitedHealth
UNH
$389B
| $93.3M | 0.16% |
316,226
+18,462
| +6% | +$5.29M |
|
128
PepsiCo
PEP
$195B
| $92M | 0.16% |
695,255
+79,753
| +13% | +$10.5M |
|
129
iShares Select Dividend ETF
DVY
$24.1B
| $90.3M | 0.16% |
1,118,117
-104,506
| -9% | -$8.35M |
|
130
Alibaba
BABA
$276B
| $89.9M | 0.16% |
416,655
-12,890
| -3% | -$2.68M |
|
131
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $89.8M | 0.16% |
276,814
-28,981
| -9% | -$8.79M |
|
132
Vanguard Mega Cap Growth ETF
MGK
$31.8B
| $88.5M | 0.15% |
2,706,010
+348,545
| +15% | +$10.4M |
|
133
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
| $88.3M | 0.15% |
2,620,646
-58,770
| -2% | -$1.89M |
|
134
iShares Russell 1000 ETF
IWB
$47.9B
| $87M | 0.15% |
506,689
-81,860
| -14% | -$13.2M |
|
135
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $86.5M | 0.15% |
1,093,952
+102,330
| +10% | +$7.42M |
|
136
Vanguard Small-Cap Value ETF
VBR
$37.7B
| $85.4M | 0.15% |
798,529
+45,185
| +6% | +$4.53M |
|
137
Schwab US Dividend Equity ETF
SCHD
$104B
| $84.6M | 0.15% |
4,907,169
+192,708
| +4% | +$3.25M |
|
|
HDV
138
iShares Core High Dividend ETF
HDV
$14.7B
| $84.5M | 0.15% |
5,203,875
-876,795
| -14% | -$14.2M |
|
139
First Trust Dorsey Wright Focus 5 ETF
FV
$3.62B
| $83.2M | 0.14% |
2,584,849
-170,089
| -6% | -$5.15M |
|
140
Vanguard Health Care ETF
VHT
$18.6B
| $82.5M | 0.14% |
428,490
+37,717
| +10% | +$7.08M |
|
141
State Street SPDR MSCI USA StrategicFactors ETF
QUS
$1.54B
| $79.1M | 0.14% |
895,655
+673,423
| +303% | +$57.4M |
|
142
Amgen
AMGN
$212B
| $79.1M | 0.14% |
335,174
+20,759
| +7% | +$4.74M |
|
143
Starbucks
SBUX
$118B
| $78.3M | 0.14% |
1,063,511
+164,941
| +18% | +$12.4M |
|
144
Merck
MRK
$326B
| $78.2M | 0.14% |
1,059,521
+149,456
| +16% | +$11.3M |
|
145
Schwab US Large-Cap Growth ETF
SCHG
$59.1B
| $77.9M | 0.14% |
6,138,648
+74,968
| +1% | +$874K |
|
146
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $77.2M | 0.13% |
2,839,381
-615,820
| -18% | -$16.7M |
|
147
iShares US Technology ETF
IYW
$23B
| $76.4M | 0.13% |
1,132,488
+67,548
| +6% | +$4.08M |
|
148
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $76.1M | 0.13% |
381,287
+13,638
| +4% | +$2.46M |
|
149
Salesforce
CRM
$149B
| $75.8M | 0.13% |
404,436
+47,217
| +13% | +$7.96M |
|
150
Invesco S&P MidCap Low Volatility ETF
XMLV
$766M
| $74.7M | 0.13% |
1,804,450
-198,141
| -10% | -$8.19M |
|
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.