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 | |
|---|---|---|---|---|---|---|
2701
The GEO Group
GEO
$4.13B
| $3.15M | ﹤0.01% |
131,557
+23,322
| +22% | +$637K |
|
2702
Lakeland Financial Corp
LKFN
$1.56B
| $3.14M | ﹤0.01% |
51,164
-15,001
| -23% | -$871K |
|
2703
Dorman Products
DORM
$3.98B
| $3.14M | ﹤0.01% |
25,623
+3,807
| +17% | +$463K |
|
|
KRMA
2704
DELISTED
Global X Conscious Companies ETF
KRMA
| $3.14M | ﹤0.01% |
77,764
-1,954
| -2% | -$73.6K |
|
|
ELCV
2705
Eventide High Dividend ETF
ELCV
$247M
| $3.14M | ﹤0.01% |
123,502
+80,948
| +190% | +$1.97M |
|
2706
Aurora
AUR
$12.6B
| $3.14M | ﹤0.01% |
598,632
+217,101
| +57% | +$1.36M |
|
2707
AGCO
AGCO
$7.15B
| $3.14M | ﹤0.01% |
30,403
+2,404
| +9% | +$229K |
|
2708
Innovator US Small Cap Power Buffer ETF January
KJAN
$324M
| $3.13M | ﹤0.01% |
83,599
+11,799
| +16% | +$424K |
|
2709
Trip.com Group
TCOM
$29.6B
| $3.13M | ﹤0.01% |
53,410
+8,704
| +19% | +$523K |
|
|
RA
2710
Brookfield Real Assets Income Fund
RA
$708M
| $3.13M | ﹤0.01% |
233,885
+137,958
| +144% | +$1.78M |
|
|
HFRO
2711
Highland Opportunities and Income Fund
HFRO
$417M
| $3.13M | ﹤0.01% |
601,063
-8,955
| -1% | -$45.3K |
|
|
THW
2712
abrdn World Healthcare Fund
THW
$536M
| $3.12M | ﹤0.01% |
304,571
+9,432
| +3% | +$99.1K |
|
2713
IQ ARB Merger Arbitrage ETF
MNA
$252M
| $3.12M | ﹤0.01% |
88,541
-9,214
| -9% | -$320K |
|
2714
FT Vest US Equity Deep Buffer ETF April
DAPR
$308M
| $3.12M | ﹤0.01% |
82,740
+32,758
| +66% | +$1.2M |
|
2715
Stevanato
STVN
$5.42B
| $3.12M | ﹤0.01% |
127,694
+11,634
| +10% | +$263K |
|
|
NBET
2716
Neuberger Energy Transition & Infrastructure ETF
NBET
$47.4M
| $3.12M | ﹤0.01% |
94,998
-6,840
| -7% | -$217K |
|
2717
Qualys
QLYS
$5.1B
| $3.11M | ﹤0.01% |
21,773
-14,978
| -41% | -$1.98M |
|
|
FFA
2718
First Trust Enhanced Equity Income Fund
FFA
$450M
| $3.1M | ﹤0.01% |
151,229
-5,455
| -3% | -$105K |
|
2719
Zeta Global
ZETA
$5.38B
| $3.09M | ﹤0.01% |
199,743
+29,979
| +18% | +$398K |
|
2720
Columbia Banking Systems
COLB
$8.84B
| $3.09M | ﹤0.01% |
132,304
-5,192
| -4% | -$120K |
|
2721
Duolingo
DUOL
$6.28B
| $3.09M | ﹤0.01% |
7,526
+1,658
| +28% | +$727K |
|
2722
Elbit Systems
ESLT
$37.9B
| $3.08M | ﹤0.01% |
6,848
-3,191
| -32% | -$1.29M |
|
2723
NewMarket
NEU
$7.82B
| $3.07M | ﹤0.01% |
4,446
+517
| +13% | +$321K |
|
|
LGI
2724
Lazard Global Total Return & Income Fund
LGI
$236M
| $3.07M | ﹤0.01% |
182,659
+9,415
| +5% | +$147K |
|
2725
Ovintiv
OVV
$17.3B
| $3.07M | ﹤0.01% |
80,636
-20,753
| -20% | -$762K |
|
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.