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 | |
|---|---|---|---|---|---|---|
2576
Dorian LPG
LPG
$2.03B
| $3.6M | ﹤0.01% |
147,575
+65,069
| +79% | +$1.44M |
|
2577
SiteOne Landscape Supply
SITE
$4.12B
| $3.6M | ﹤0.01% |
29,726
-115
| -0.4% | -$13.6K |
|
2578
Royce Quant Small-Cap Quality Value ETF
SQLV
$29.2M
| $3.59M | ﹤0.01% |
89,604
+700
| +0.8% | +$26.4K |
|
2579
Brinker International
EAT
$9.17B
| $3.58M | ﹤0.01% |
19,865
+6,554
| +49% | +$1.03M |
|
2580
Sibanye-Stillwater
SBSW
$6.26B
| $3.58M | ﹤0.01% |
496,086
-13,037
| -3% | -$71.3K |
|
2581
Thor Industries
THO
$3.9B
| $3.58M | ﹤0.01% |
40,300
-819
| -2% | -$64.7K |
|
2582
Enovix
ENVX
$892M
| $3.57M | ﹤0.01% |
394,816
+13,757
| +4% | +$89.7K |
|
|
EDGF
2583
3EDGE Dynamic Fixed Income ETF
EDGF
$494M
| $3.57M | ﹤0.01% |
+144,331
| New | +$3.58M |
|
2584
Noble Corp
NE
$6.77B
| $3.56M | ﹤0.01% |
134,258
+69,272
| +107% | +$1.66M |
|
2585
Symbotic
SYM
$5.48B
| $3.56M | ﹤0.01% |
91,747
+23,216
| +34% | +$608K |
|
2586
White Mountains Insurance
WTM
$5.2B
| $3.56M | ﹤0.01% |
1,985
+115
| +6% | +$205K |
|
2587
Invesco CurrencyShares Euro Currency Trust
FXE
$346M
| $3.56M | ﹤0.01% |
32,721
+23,466
| +254% | +$2.46M |
|
2588
SoFi Select 500 ETF
SFY
$656M
| $3.56M | ﹤0.01% |
30,123
+4,744
| +19% | +$507K |
|
2589
PVH
PVH
$4B
| $3.56M | ﹤0.01% |
51,842
+28,388
| +121% | +$2.06M |
|
2590
Viking Holdings
VIK
$46.6B
| $3.55M | ﹤0.01% |
66,669
+15,930
| +31% | +$703K |
|
2591
Brookfield Asset Management
BAM
$77.3B
| $3.55M | ﹤0.01% |
64,261
+8,907
| +16% | +$478K |
|
2592
Goldman Sachs MarketBeta International Equity ETF
GSID
$1.09B
| $3.54M | ﹤0.01% |
55,361
+5,181
| +10% | +$315K |
|
|
GBAB
2593
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
$382M
| $3.53M | ﹤0.01% |
234,929
-157,663
| -40% | -$2.36M |
|
2594
Gates Industrial Corporation Ltd.
GTES
$7.08B
| $3.53M | ﹤0.01% |
153,397
-25,875
| -14% | -$522K |
|
2595
Choice Hotels
CHH
$5.07B
| $3.53M | ﹤0.01% |
27,783
-2,422
| -8% | -$306K |
|
|
DAY
2596
DELISTED
Dayforce
DAY
| $3.52M | ﹤0.01% |
63,583
+2,867
| +5% | +$164K |
|
2597
ACM Research
ACMR
$5.42B
| $3.52M | ﹤0.01% |
135,926
+2,370
| +2% | +$53.3K |
|
2598
PUT
Palantir
PLTR
$295B
| $3.52M | ﹤0.01% |
25,800
-400
| -2% | -$46.9K |
|
|
DFSU
2599
Dimensional US Sustainability Core 1 ETF
DFSU
$2.27B
| $3.52M | ﹤0.01% |
89,602
+14,207
| +19% | +$518K |
|
|
TBLD
2600
Thornburg Income Builder Opportunities Trust
TBLD
$703M
| $3.51M | ﹤0.01% |
178,933
+3,764
| +2% | +$68.4K |
|
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.