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 | |
|---|---|---|---|---|---|---|
2926
Fidelity Momentum Factor ETF
FDMO
$921M
| $2.47M | ﹤0.01% |
32,611
+5,624
| +21% | +$387K |
|
2927
Trump Media & Technology Group
DJT
$2.73B
| $2.47M | ﹤0.01% |
136,837
+11,923
| +10% | +$259K |
|
|
DMO
2928
Western Asset Mortgage Opportunity Fund
DMO
$118M
| $2.47M | ﹤0.01% |
206,710
+20,655
| +11% | +$240K |
|
2929
Principal Exchange-Traded Funds Principal Value ETF
PY
$235M
| $2.47M | ﹤0.01% |
49,797
+18,746
| +60% | +$887K |
|
2930
Ryanair
RYAAY
$30.4B
| $2.47M | ﹤0.01% |
42,770
-11,477
| -21% | -$584K |
|
2931
OppFi
OPFI
$800M
| $2.47M | ﹤0.01% |
176,241
-15,707
| -8% | -$177K |
|
2932
Xtrackers Municipal Infrastructure Revenue Bond ETF
RVNU
$142M
| $2.47M | ﹤0.01% |
102,763
+2,092
| +2% | +$50.2K |
|
2933
BlackRock MuniHoldings California Quality Fund
MUC
$996M
| $2.46M | ﹤0.01% |
237,692
+57,831
| +32% | +$601K |
|
2934
Cheesecake Factory
CAKE
$5.04B
| $2.46M | ﹤0.01% |
39,261
+615
| +2% | +$32.7K |
|
2935
ONE Gas
OGS
$4.87B
| $2.46M | ﹤0.01% |
34,194
+1,720
| +5% | +$129K |
|
2936
Commercial Metals
CMC
$7.6B
| $2.45M | ﹤0.01% |
50,157
+8,925
| +22% | +$413K |
|
2937
Philips
PHG
$25.7B
| $2.45M | ﹤0.01% |
105,914
+10,886
| +11% | +$244K |
|
2938
Ambev
ABEV
$48.1B
| $2.44M | ﹤0.01% |
1,013,248
+138,700
| +16% | +$338K |
|
|
IFN
2939
Aberdeen India Fund
IFN
$499M
| $2.44M | ﹤0.01% |
147,690
+5,888
| +4% | +$93.6K |
|
2940
Aptus Enhanced Yield ETF
JUCY
$316M
| $2.44M | ﹤0.01% |
109,734
+12,934
| +13% | +$291K |
|
2941
Host Hotels & Resorts
HST
$17.2B
| $2.44M | ﹤0.01% |
158,765
+18,036
| +13% | +$267K |
|
|
GTY
2942
Getty Realty Corp
GTY
$2.11B
| $2.44M | ﹤0.01% |
88,220
-256
| -0.3% | -$7.34K |
|
2943
Pacer Lunt MidCap Multi-Factor Alternator ETF
PAMC
$53.7M
| $2.43M | ﹤0.01% |
55,551
-2,373
| -4% | -$99.4K |
|
2944
Itaú Unibanco
ITUB
$93.2B
| $2.43M | ﹤0.01% |
368,611
+10,713
| +3% | +$65.3K |
|
2945
Goldman Sachs BDC
GSBD
$969M
| $2.42M | ﹤0.01% |
215,525
+46,128
| +27% | +$509K |
|
2946
Innovator US Equity Buffer ETF August
BAUG
$199M
| $2.42M | ﹤0.01% |
52,634
-1,984
| -4% | -$85.6K |
|
2947
Nuveen Real Asset Income & Growth Fund
JRI
$356M
| $2.42M | ﹤0.01% |
179,215
+17,599
| +11% | +$225K |
|
2948
State Street SPDR Russell 1000 Momentum Focus ETF
ONEO
$29.1M
| $2.41M | ﹤0.01% |
19,555
-4,585
| -19% | -$535K |
|
2949
Franklin Investment Grade Corporate ETF
FLCO
$577M
| $2.41M | ﹤0.01% |
111,701
+22,717
| +26% | +$481K |
|
2950
iShares MSCI Indonesia ETF
EIDO
$480M
| $2.41M | ﹤0.01% |
136,619
+44,584
| +48% | +$778K |
|
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.