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 | |
|---|---|---|---|---|---|---|
2876
Fortis
FTS
$29B
| $2.61M | ﹤0.01% |
54,594
+2,872
| +6% | +$137K |
|
2877
iShares Global Materials ETF
MXI
$338M
| $2.6M | ﹤0.01% |
30,452
-319
| -1% | -$26.4K |
|
2878
Jazz Pharmaceuticals
JAZZ
$15.9B
| $2.6M | ﹤0.01% |
24,503
-1,266
| -5% | -$138K |
|
2879
Timken Company
TKR
$9.56B
| $2.6M | ﹤0.01% |
35,819
+16,686
| +87% | +$1.14M |
|
|
NVMI
2880
Nova
NVMI
$12.4B
| $2.6M | ﹤0.01% |
9,439
-474
| -5% | -$96.4K |
|
2881
Dycom Industries
DY
$12B
| $2.6M | ﹤0.01% |
10,624
-174
| -2% | -$34.2K |
|
|
PMT
2882
PennyMac Mortgage Investment
PMT
$822M
| $2.59M | ﹤0.01% |
201,628
-13,201
| -6% | -$168K |
|
2883
Manchester United
MANU
$3.97B
| $2.59M | ﹤0.01% |
145,538
+40,708
| +39% | +$603K |
|
2884
FT Vest US Equity Deep Buffer ETF June
DJUN
$348M
| $2.59M | ﹤0.01% |
57,420
+28,629
| +99% | +$1.23M |
|
2885
BlackRock Floating Rate Loan ETF
BRLN
$53.2M
| $2.58M | ﹤0.01% |
49,805
+10,801
| +28% | +$555K |
|
2886
Quadratic Interest Rate Volatility and Inflation Hedge ETF
IVOL
$274M
| $2.58M | ﹤0.01% |
131,924
-6,524
| -5% | -$127K |
|
2887
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$6.69B
| $2.57M | ﹤0.01% |
47,237
+15,786
| +50% | +$808K |
|
2888
JPMorgan BetaBuilders US Mid Cap Equity ETF
BBMC
$2.03B
| $2.57M | ﹤0.01% |
26,387
+153
| +0.6% | +$14K |
|
2889
Magnite
MGNI
$2.76B
| $2.57M | ﹤0.01% |
106,547
-15,805
| -13% | -$233K |
|
2890
ProShares Trust Short MSCI EAFE
EFZ
$10.2M
| $2.57M | ﹤0.01% |
93,076
-14,385
| -13% | -$425K |
|
2891
Barings BDC
BBDC
$864M
| $2.57M | ﹤0.01% |
280,711
-13,655
| -5% | -$121K |
|
2892
Littelfuse
LFUS
$11.2B
| $2.56M | ﹤0.01% |
11,284
+1,851
| +20% | +$365K |
|
2893
WisdomTree International Efficient Core Fund
NTSI
$494M
| $2.56M | ﹤0.01% |
62,385
+12,823
| +26% | +$502K |
|
2894
Cenovus Energy
CVE
$55.7B
| $2.56M | ﹤0.01% |
187,889
-27,958
| -13% | -$363K |
|
2895
Nuveen Taxable Municipal Income Fund
NBB
$447M
| $2.55M | ﹤0.01% |
161,422
+31,754
| +24% | +$491K |
|
2896
Counterpoint Quantitative Equity ETF
CPAI
$382M
| $2.55M | ﹤0.01% |
+68,486
| New | +$2.32M |
|
2897
Hanover Insurance
THG
$8.1B
| $2.54M | ﹤0.01% |
14,973
+1,926
| +15% | +$322K |
|
2898
Deutsche Bank
DB
$69B
| $2.54M | ﹤0.01% |
86,790
+16,327
| +23% | +$431K |
|
2899
ProShares Ultra S&P500
SSO
$7.87B
| $2.54M | ﹤0.01% |
51,980
+26,222
| +102% | +$1.11M |
|
2900
Schwab Fundamental US Broad Market Index ETF
FNDB
$1.42B
| $2.54M | ﹤0.01% |
105,719
-19,935
| -16% | -$453K |
|
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.