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 | |
|---|---|---|---|---|---|---|
|
MMT
2951
Aberdeen Multi-Market Income Fund
MMT
$236M
| $2.41M | ﹤0.01% |
512,411
+47,278
| +10% | +$216K |
|
2952
John Hancock Corporate Bond ETF
JHCB
$108M
| $2.41M | ﹤0.01% |
112,249
+30,124
| +37% | +$633K |
|
2953
Dimensional US Core Equity 1 ETF
DCOR
$3.33B
| $2.41M | ﹤0.01% |
35,978
+11,870
| +49% | +$739K |
|
2954
Commault Systems
CVLT
$4.88B
| $2.4M | ﹤0.01% |
13,790
-2,555
| -16% | -$436K |
|
|
SJT
2955
San Juan Basin Royalty Trust
SJT
$117M
| $2.4M | ﹤0.01% |
401,516
+389,618
| +3,275% | +$2.37M |
|
2956
Murphy Oil
MUR
$5.7B
| $2.4M | ﹤0.01% |
106,573
+32,063
| +43% | +$715K |
|
2957
Saratoga Investment
SAR
$312M
| $2.4M | ﹤0.01% |
96,684
+8,019
| +9% | +$194K |
|
2958
Perion Network
PERI
$375M
| $2.39M | ﹤0.01% |
235,950
-7,613
| -3% | -$72.7K |
|
2959
Avantis Moderate Allocation ETF
AVMA
$79.8M
| $2.39M | ﹤0.01% |
38,927
-1,885
| -5% | -$111K |
|
|
CCD
2960
Calamos Dynamic Convertible & Income Fund
CCD
$707M
| $2.39M | ﹤0.01% |
118,465
-8,700
| -7% | -$180K |
|
2961
Goodyear
GT
$2B
| $2.39M | ﹤0.01% |
230,185
+15,000
| +7% | +$159K |
|
2962
Interparfums
IPAR
$3.99B
| $2.39M | ﹤0.01% |
18,169
+6,680
| +58% | +$817K |
|
2963
Amplify Video Game Tech ETF
GAMR
$38.3M
| $2.39M | ﹤0.01% |
28,051
+410
| +1% | +$30K |
|
2964
Sabra Healthcare REIT
SBRA
$5.34B
| $2.38M | ﹤0.01% |
129,294
+3,026
| +2% | +$53.7K |
|
2965
Freshpet
FRPT
$2.93B
| $2.38M | ﹤0.01% |
35,052
+2,847
| +9% | +$222K |
|
2966
Stellantis
STLA
$21.7B
| $2.38M | ﹤0.01% |
237,207
-7,221
| -3% | -$71.2K |
|
2967
Federal Signal
FSS
$7.63B
| $2.38M | ﹤0.01% |
22,356
+1,933
| +9% | +$172K |
|
2968
Pacer Data and Digital Revolution ETF
TRFK
$945M
| $2.38M | ﹤0.01% |
40,205
+4,035
| +11% | +$200K |
|
2969
Fortune Brands Innovations
FBIN
$5.88B
| $2.37M | ﹤0.01% |
46,127
-1,742
| -4% | -$91.2K |
|
2970
Q2 Holdings
QTWO
$3.8B
| $2.37M | ﹤0.01% |
25,339
-594
| -2% | -$50.1K |
|
2971
Nuveen ESG Emerging Markets Equity ETF
NUEM
$368M
| $2.37M | ﹤0.01% |
71,280
-1,144
| -2% | -$34.7K |
|
2972
BlackRock Limited Duration Income Trust
BLW
$490M
| $2.37M | ﹤0.01% |
166,907
+12,321
| +8% | +$170K |
|
2973
Tompkins Financial
TMP
$1.43B
| $2.37M | ﹤0.01% |
37,715
+2,208
| +6% | +$134K |
|
2974
Invesco Energy Exploration & Production ETF
PXE
$89.6M
| $2.36M | ﹤0.01% |
84,392
-12,901
| -13% | -$345K |
|
2975
Louisiana-Pacific
LPX
$5.06B
| $2.36M | ﹤0.01% |
27,420
-60,222
| -69% | -$5.35M |
|
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.