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 | |
|---|---|---|---|---|---|---|
2976
Moog Inc Class A
MOG.A
$12.4B
| $2.36M | ﹤0.01% |
13,028
-170
| -1% | -$29.8K |
|
2977
SPX Corp
SPXC
$11B
| $2.35M | ﹤0.01% |
14,017
+654
| +5% | +$95.8K |
|
2978
Artisan Partners
APAM
$2.79B
| $2.35M | ﹤0.01% |
53,007
+11,666
| +28% | +$466K |
|
2979
Ryan Specialty Holdings
RYAN
$5.72B
| $2.35M | ﹤0.01% |
34,547
-3,350
| -9% | -$231K |
|
2980
Descartes Systems
DSGX
$6.44B
| $2.35M | ﹤0.01% |
23,098
+77
| +0.3% | +$8.12K |
|
2981
Watts Water Technologies
WTS
$11.5B
| $2.34M | ﹤0.01% |
9,514
+2,201
| +30% | +$495K |
|
2982
Strive US Energy ETF
DRLL
$298M
| $2.34M | ﹤0.01% |
86,056
-2,163
| -2% | -$57.5K |
|
2983
BrandywineGLOBAL Dynamic US Large Cap Value ETF
DVAL
$71.8M
| $2.33M | ﹤0.01% |
164,807
+1,405
| +0.9% | +$18.8K |
|
2984
Brink's
BCO
$4.88B
| $2.33M | ﹤0.01% |
26,114
+16,331
| +167% | +$1.42M |
|
|
FINS
2985
Angel Oak Financial Strategies Income Term Trust
FINS
$418M
| $2.33M | ﹤0.01% |
179,345
+44,660
| +33% | +$583K |
|
2986
BlackRock Floating Rate Income Strategies Fund
FRA
$383M
| $2.33M | ﹤0.01% |
177,108
-39,386
| -18% | -$495K |
|
2987
Qorvo
QRVO
$7.99B
| $2.33M | ﹤0.01% |
27,406
+7,383
| +37% | +$533K |
|
2988
CrossAmerica Partners
CAPL
$847M
| $2.32M | ﹤0.01% |
111,091
+6,272
| +6% | +$141K |
|
2989
Kontoor Brands
KTB
$4.63B
| $2.32M | ﹤0.01% |
35,173
+3,576
| +11% | +$231K |
|
2990
AllianzIM U.S. Equity Buffer20 Mar ETF
MARW
$87.2M
| $2.32M | ﹤0.01% |
71,265
+22,289
| +46% | +$698K |
|
2991
FT Vest International Equity Moderate Buffer ETF December
YDEC
$160M
| $2.32M | ﹤0.01% |
92,448
+7,434
| +9% | +$180K |
|
|
ABFL
2992
Abacus FCF Leaders ETF
ABFL
$520M
| $2.31M | ﹤0.01% |
32,645
+1,497
| +5% | +$99.3K |
|
2993
A10 Networks
ATEN
$2.13B
| $2.31M | ﹤0.01% |
119,215
+101,786
| +584% | +$1.74M |
|
|
MSD
2994
Morgan Stanley Emerging Markets Debt Fund
MSD
$146M
| $2.31M | ﹤0.01% |
298,419
+57,284
| +24% | +$437K |
|
|
FLG
2995
Flagstar Bank National Association
FLG
$5.93B
| $2.3M | ﹤0.01% |
217,230
+8,716
| +4% | +$99.6K |
|
2996
Black Stone Minerals
BSM
$3.18B
| $2.3M | ﹤0.01% |
175,728
+28,222
| +19% | +$390K |
|
2997
DNOW Inc
DNOW
$2.58B
| $2.3M | ﹤0.01% |
154,885
+5,108
| +3% | +$78K |
|
2998
BNY Mellon Emerging Markets Equity ETF
BKEM
$84.2M
| $2.29M | ﹤0.01% |
+102,555
| New | +$2.12M |
|
|
GTOQ
2999
Invesco High Yield Systematic Bond ETF
GTOQ
$180M
| $2.29M | ﹤0.01% |
101,218
+10,298
| +11% | +$228K |
|
3000
First Trust Alerian US NextGen Infrastructure ETF
RBLD
$56.5M
| $2.29M | ﹤0.01% |
32,033
+2,635
| +9% | +$177K |
|
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.