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 |
Capital Group Dividend Value ETF
CGDV
|
+$486M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$472M |
| 3 |
iShares MSCI EAFE Value ETF
EFV
|
+$468M |
| 4 |
THRO
iShares U.S. Thematic Rotation Active ETF
THRO
|
+$457M |
| 5 |
iShares Core International Aggregate Bond Fund
IAGG
|
+$358M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$728M |
| 2 |
iShares MSCI Emerging Markets ex China ETF
EMXC
|
+$336M |
| 3 |
iShares Currency Hedged MSCI EAFE ETF
HEFA
|
+$93.5M |
| 4 |
Invesco Preferred ETF
PGX
|
+$91.8M |
| 5 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$82.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.48% |
| 2 | Financials | 3.73% |
| 3 | Consumer Discretionary | 2.77% |
| 4 | Communication Services | 2.41% |
| 5 | Industrials | 2.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
Viatris
VTRS
$20.4B
| $3.97M | ﹤0.01% |
444,691
-8,001
| -2% | -$67.6K |
|
2502
UFP Technologies
UFPT
$1.97B
| $3.97M | ﹤0.01% |
16,260
+2,110
| +15% | +$475K |
|
2503
Bunge Global
BG
$20.4B
| $3.97M | ﹤0.01% |
49,426
+6,443
| +15% | +$507K |
|
|
COLO
2504
Global X MSCI Colombia ETF
COLO
$206M
| $3.95M | ﹤0.01% |
136,929
+79,507
| +138% | +$2.25M |
|
2505
ScottsMiracle-Gro
SMG
$3.82B
| $3.95M | ﹤0.01% |
59,866
-20,230
| -25% | -$1.17M |
|
2506
Verra Mobility
VRRM
$804M
| $3.95M | ﹤0.01% |
155,487
-37
| -0% | -$862 |
|
2507
Invesco Dorsey Wright Utilities Momentum ETF
PUI
$54.7M
| $3.94M | ﹤0.01% |
94,280
+5,648
| +6% | +$232K |
|
2508
Northwest Bancshares
NWBI
$2.3B
| $3.93M | ﹤0.01% |
307,485
+83,015
| +37% | +$1.01M |
|
2509
Invesco Global Water ETF
PIO
$274M
| $3.92M | ﹤0.01% |
87,836
-1,613
| -2% | -$67.6K |
|
|
FTHY
2510
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$501M
| $3.92M | ﹤0.01% |
264,027
+24,970
| +10% | +$354K |
|
2511
ADMA Biologics
ADMA
$1.96B
| $3.92M | ﹤0.01% |
215,182
+104,929
| +95% | +$2.14M |
|
2512
Invesco Investment Grade Defensive ETF
IIGD
$26.7M
| $3.92M | ﹤0.01% |
158,663
+45,787
| +41% | +$1.12M |
|
2513
Restaurant Brands International
QSR
$25.7B
| $3.91M | ﹤0.01% |
58,965
+5,967
| +11% | +$399K |
|
2514
VanEck CEF Muni Income ETF
XMPT
$219M
| $3.91M | ﹤0.01% |
186,180
-69,223
| -27% | -$1.44M |
|
2515
Dave Inc
DAVE
$4.74B
| $3.9M | ﹤0.01% |
+14,542
| New | +$2.29M |
|
2516
Ryder
R
$9.83B
| $3.9M | ﹤0.01% |
24,542
+5,374
| +28% | +$790K |
|
2517
Invesco California Value Municipal Income Trust
VCV
$518M
| $3.9M | ﹤0.01% |
375,958
+235,051
| +167% | +$2.41M |
|
2518
BCE
BCE
$20.2B
| $3.9M | ﹤0.01% |
175,827
-31,564
| -15% | -$690K |
|
2519
Amplify Mobile Payments ETF
IPAY
$170M
| $3.88M | ﹤0.01% |
64,802
-29,044
| -31% | -$1.59M |
|
2520
iShares Global Financials ETF
IXG
$678M
| $3.88M | ﹤0.01% |
35,027
+4,289
| +14% | +$450K |
|
2521
LKQ Corp
LKQ
$5.68B
| $3.88M | ﹤0.01% |
104,846
-6,057
| -5% | -$242K |
|
2522
Pinduoduo
PDD
$126B
| $3.87M | ﹤0.01% |
36,990
+8,489
| +30% | +$891K |
|
|
RMOP
2523
Rockefeller Opportunistic Municipal Bond ETF
RMOP
$433M
| $3.87M | ﹤0.01% |
+157,885
| New | +$3.87M |
|
|
EFT
2524
Eaton Vance Floating-Rate Income Trust
EFT
$283M
| $3.87M | ﹤0.01% |
309,814
+26,525
| +9% | +$321K |
|
|
OXLC
2525
Oxford Lane Capital
OXLC
$894M
| $3.85M | ﹤0.01% |
183,485
-69,507
| -27% | -$1.56M |
|
Similar funds
LPL Financial's Q2 2025 Portfolio in Review
As of Q2 2025, LPL Financial held 5,729 positions worth $300B, up 17% from $257B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
LPL Financial deployed $20.8B of net new capital in Q2 2025, opening 391 new positions and adding to 3,438 existing holdings. Its largest new stake was JPMorgan Mortgage-Backed Securities ETF: 4,689,747 shares worth $235M.
By sector, the portfolio is most concentrated in Technology at 8.5% of assets, up from 7.4% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares Core S&P 500 ETF, an estimated $728M trimmed.
- LPL Financial's largest Q2 2025 buy was JPMorgan Mortgage-Backed Securities ETF: 4,689,747 shares worth $235M.
- LPL Financial added most to Capital Group Dividend Value ETF in Q2 2025, an estimated $486M increase.
- LPL Financial's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $728M.
- LPL Financial fully exited Discover Financial Services in Q2 2025, selling an estimated $31.5M.
- LPL Financial's ten largest holdings make up 15% of its $300B portfolio in Q2 2025.
- LPL Financial opened 391 new positions and closed 181 in Q2 2025.
- LPL Financial's portfolio value rose 17% quarter-over-quarter to $300B.
Based on LPL Financial's 13F filing for Q2 2025, filed 12 Aug 2025.