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 | |
|---|---|---|---|---|---|---|
2751
iShares Core 5-10 Year USD Bond ETF
IMTB
$275M
| $3.01M | ﹤0.01% |
68,945
-1,198
| -2% | -$51.5K |
|
2752
Jones Lang LaSalle
JLL
$16.3B
| $3M | ﹤0.01% |
11,726
-12,107
| -51% | -$2.78M |
|
2753
Strategic Trust Running Oak Efficient Growth ETF
RUNN
$396M
| $3M | ﹤0.01% |
88,617
+10,069
| +13% | +$326K |
|
2754
Amplify Lithium & Battery Technology ETF
BATT
$115M
| $3M | ﹤0.01% |
320,940
+156,887
| +96% | +$1.33M |
|
|
LADR
2755
Ladder Capital
LADR
$1.21B
| $3M | ﹤0.01% |
278,844
-4,563
| -2% | -$47.9K |
|
2756
Polaris
PII
$3.82B
| $3M | ﹤0.01% |
73,737
+22,345
| +43% | +$842K |
|
2757
Transmedics
TMDX
$2.64B
| $3M | ﹤0.01% |
22,356
+2,811
| +14% | +$309K |
|
2758
FT Vest US Equity Enhance & Moderate Buffer ETF September
XSEP
$135M
| $2.99M | ﹤0.01% |
73,672
+58,945
| +400% | +$2.3M |
|
2759
Life Time Group Holdings
LTH
$10.1B
| $2.99M | ﹤0.01% |
98,426
+18,473
| +23% | +$548K |
|
|
FAX
2760
DELISTED
abrdn Asia-Pacific Income Fund
FAX
| $2.98M | ﹤0.01% |
187,067
+30,460
| +19% | +$471K |
|
2761
Innovator US Equity Ultra Buffer ETF January
UJAN
$278M
| $2.98M | ﹤0.01% |
73,612
+47,648
| +184% | +$1.85M |
|
2762
Zions Bancorporation
ZION
$10.2B
| $2.98M | ﹤0.01% |
57,312
-6,053
| -10% | -$284K |
|
2763
Davis Select International ETF
DINT
$290M
| $2.98M | ﹤0.01% |
115,078
+29,816
| +35% | +$711K |
|
2764
FTAI Aviation
FTAI
$21.1B
| $2.98M | ﹤0.01% |
25,867
+1,489
| +6% | +$167K |
|
|
PSIX
2765
Power Solutions International
PSIX
$636M
| $2.97M | ﹤0.01% |
45,907
+25,007
| +120% | +$927K |
|
2766
Vornado Realty Trust
VNO
$7.41B
| $2.96M | ﹤0.01% |
77,478
-11,923
| -13% | -$446K |
|
2767
Lyft
LYFT
$6.02B
| $2.96M | ﹤0.01% |
187,888
-33,164
| -15% | -$465K |
|
|
PFL
2768
PIMCO Income Strategy Fund
PFL
$384M
| $2.96M | ﹤0.01% |
354,420
+107,017
| +43% | +$882K |
|
2769
ESCO Technologies
ESE
$8.17B
| $2.95M | ﹤0.01% |
15,399
+533
| +4% | +$91.1K |
|
2770
UiPath
PATH
$6.61B
| $2.95M | ﹤0.01% |
230,398
+25,327
| +12% | +$304K |
|
2771
First Trust RiverFront Dynamic Emerging Markets ETF
RFEM
$78.3M
| $2.95M | ﹤0.01% |
41,241
+119
| +0.3% | +$7.93K |
|
|
PBT
2772
Permian Basin Royalty Trust
PBT
$1.38B
| $2.94M | ﹤0.01% |
235,797
-986
| -0.4% | -$10.5K |
|
|
CWAN
2773
DELISTED
Clearwater Analytics
CWAN
| $2.94M | ﹤0.01% |
133,879
+18,700
| +16% | +$430K |
|
2774
FT Vest Nasdaq-100 Buffer ETF September
QSPT
$622M
| $2.94M | ﹤0.01% |
99,238
+18,581
| +23% | +$512K |
|
2775
Landstar System
LSTR
$5.93B
| $2.93M | ﹤0.01% |
21,101
-107
| -0.5% | -$14.8K |
|
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.