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 | |
|---|---|---|---|---|---|---|
2726
FlexShares STOXX Global Broad Infrastructure Index Fund
NFRA
$3B
| $3.07M | ﹤0.01% |
49,534
-856
| -2% | -$51K |
|
2727
Invesco S&P SmallCap Information Technology ETF
PSCT
$498M
| $3.06M | ﹤0.01% |
66,190
-30,463
| -32% | -$1.26M |
|
2728
iShares Global Utilities ETF
JXI
$314M
| $3.06M | ﹤0.01% |
41,425
+3,096
| +8% | +$221K |
|
|
WEA
2729
Western Asset Premier Bond Fund
WEA
$124M
| $3.06M | ﹤0.01% |
281,597
+1,822
| +0.7% | +$19.5K |
|
2730
Gildan
GIL
$10.3B
| $3.05M | ﹤0.01% |
61,994
+2,324
| +4% | +$107K |
|
2731
Viper Energy
VNOM
$8.71B
| $3.05M | ﹤0.01% |
79,882
+218
| +0.3% | +$8.82K |
|
2732
Global X S&P 500 Covered Call & Growth ETF
XYLG
$65M
| $3.04M | ﹤0.01% |
110,508
-5,098
| -4% | -$134K |
|
2733
KT
KT
$8.62B
| $3.04M | ﹤0.01% |
146,392
+41,047
| +39% | +$781K |
|
2734
FT Vest US Equity Deep Buffer ETF December
DDEC
$429M
| $3.04M | ﹤0.01% |
72,817
+12,741
| +21% | +$508K |
|
2735
FT Vest US Equity Moderate Buffer ETF November
GNOV
$296M
| $3.04M | ﹤0.01% |
83,363
+24,042
| +41% | +$836K |
|
2736
VanEck Social Sentiment ETF
BUZZ
$90.5M
| $3.04M | ﹤0.01% |
100,326
+88,132
| +723% | +$2.24M |
|
2737
Enovis
ENOV
$1.68B
| $3.04M | ﹤0.01% |
96,807
+47,858
| +98% | +$1.58M |
|
2738
iShares Global Industrials ETF
EXI
$1.42B
| $3.03M | ﹤0.01% |
18,346
+4,279
| +30% | +$656K |
|
2739
Enphase Energy
ENPH
$4.96B
| $3.03M | ﹤0.01% |
76,441
+21,199
| +38% | +$979K |
|
2740
iShares US & Intl High Yield Corp Bond ETF
GHYG
$194M
| $3.03M | ﹤0.01% |
65,402
+2,327
| +4% | +$105K |
|
2741
Snap
SNAP
$7.89B
| $3.03M | ﹤0.01% |
348,494
+150,674
| +76% | +$1.25M |
|
2742
Archrock
AROC
$6.27B
| $3.03M | ﹤0.01% |
121,917
+2,263
| +2% | +$55.4K |
|
2743
Invesco S&P SmallCap Industrials ETF
PSCI
$184M
| $3.02M | ﹤0.01% |
22,555
-27,808
| -55% | -$3.41M |
|
2744
Kite Realty
KRG
$5.81B
| $3.02M | ﹤0.01% |
133,347
+5,902
| +5% | +$130K |
|
|
TEI
2745
Templeton Emerging Markets Income Fund
TEI
$314M
| $3.02M | ﹤0.01% |
503,096
+24,183
| +5% | +$133K |
|
|
WCLD
2746
WisdomTree Cloud Computing Fund
WCLD
$271M
| $3.02M | ﹤0.01% |
83,492
-9,556
| -10% | -$325K |
|
2747
Vanguard Total World Bond ETF
BNDW
$1.88B
| $3.02M | ﹤0.01% |
43,512
+1,328
| +3% | +$91.3K |
|
2748
Alcoa
AA
$11.9B
| $3.01M | ﹤0.01% |
102,149
+5,658
| +6% | +$153K |
|
2749
abrdn Bloomberg All Commodity Strategy K-1 Free ETF
BCI
$2.95B
| $3.01M | ﹤0.01% |
144,921
+14,600
| +11% | +$303K |
|
2750
Natural Resource Partners
NRP
$1.3B
| $3.01M | ﹤0.01% |
31,495
+10,188
| +48% | +$991K |
|
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.