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 | |
|---|---|---|---|---|---|---|
2676
Zurn Elkay Water Solutions
ZWS
$8.38B
| $3.22M | ﹤0.01% |
88,051
-10,132
| -10% | -$349K |
|
|
TPC
2677
Tutor Perini Cor
TPC
$4.41B
| $3.22M | ﹤0.01% |
68,794
-1,235
| -2% | -$39.3K |
|
2678
STF Tactical Growth ETF
TUG
$32.6M
| $3.22M | ﹤0.01% |
88,775
-6,173
| -7% | -$202K |
|
2679
Tanger
SKT
$4.67B
| $3.22M | ﹤0.01% |
105,145
+27,773
| +36% | +$852K |
|
2680
Pitney Bowes
PBI
$2.4B
| $3.21M | ﹤0.01% |
294,363
-56,870
| -16% | -$535K |
|
|
CMA
2681
DELISTED
Comerica
CMA
| $3.21M | ﹤0.01% |
53,836
+4,182
| +8% | +$233K |
|
2682
Morgan Stanley Direct Lending Fund
MSDL
$1.24B
| $3.21M | ﹤0.01% |
171,454
+49,808
| +41% | +$963K |
|
2683
Mobileye
MBLY
$2B
| $3.21M | ﹤0.01% |
178,461
-10,237
| -5% | -$156K |
|
2684
iShares Interest Rate Hedged Long-Term Corporate Bond ETF
IGBH
$202M
| $3.21M | ﹤0.01% |
132,985
+11,039
| +9% | +$262K |
|
2685
Truth Social God Bless America ETF
YALL
$87.2M
| $3.2M | ﹤0.01% |
+76,896
| New | +$2.98M |
|
2686
Interface
TILE
$1.99B
| $3.19M | ﹤0.01% |
152,341
-7,534
| -5% | -$149K |
|
2687
US Commodity Index
USCI
$369M
| $3.18M | ﹤0.01% |
43,390
-1,948
| -4% | -$138K |
|
|
SMLR
2688
DELISTED
Semler Scientific
SMLR
| $3.18M | ﹤0.01% |
82,062
-11,050
| -12% | -$394K |
|
2689
Pacer WealthShield ETF
PWS
$24.1M
| $3.17M | ﹤0.01% |
+104,672
| New | +$3.15M |
|
2690
Assured Guaranty
AGO
$3.66B
| $3.17M | ﹤0.01% |
36,397
+935
| +3% | +$79.7K |
|
2691
First Trust Exchange-Traded Fund VI First Trust Bloomberg Shareholder Yield ETF
SHRY
$16M
| $3.17M | ﹤0.01% |
74,643
-6,527
| -8% | -$264K |
|
2692
Nuveen ESG 1-5 Year US Aggregate Bond ETF
NUSA
$34.6M
| $3.17M | ﹤0.01% |
135,710
-31,073
| -19% | -$722K |
|
2693
iShares 1-3 Year International Treasury Bond ETF
ISHG
$837M
| $3.17M | ﹤0.01% |
41,353
+24,851
| +151% | +$1.84M |
|
2694
Invesco DB US Dollar Index Bullish Fund
UUP
$420M
| $3.16M | ﹤0.01% |
117,724
-88,095
| -43% | -$2.42M |
|
2695
Franklin FTSE Japan Hedged ETF
FLJH
$177M
| $3.16M | ﹤0.01% |
98,017
+1,769
| +2% | +$54.6K |
|
2696
Bio-Rad Laboratories Class A
BIO
$8.71B
| $3.16M | ﹤0.01% |
13,091
+7,717
| +144% | +$1.82M |
|
2697
FT Vest US Equity Moderate Buffer ETF December
GDEC
$441M
| $3.15M | ﹤0.01% |
89,743
+40,589
| +83% | +$1.36M |
|
|
COOP
2698
DELISTED
Mr. Cooper
COOP
| $3.15M | ﹤0.01% |
21,128
+2,123
| +11% | +$272K |
|
2699
IDEX
IEX
$17B
| $3.15M | ﹤0.01% |
17,949
-2,119
| -11% | -$376K |
|
|
ARIS
2700
Aris Mining
ARIS
$2.76B
| $3.15M | ﹤0.01% |
468,880
-55,691
| -11% | -$330K |
|
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.