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 | |
|---|---|---|---|---|---|---|
3051
FT Vest US Equity Deep Buffer ETF July
DJUL
$432M
| $2.16M | ﹤0.01% |
48,732
+6,495
| +15% | +$271K |
|
3052
Futu Holdings
FUTU
$14.7B
| $2.16M | ﹤0.01% |
17,515
+15,517
| +777% | +$1.59M |
|
|
XFLT
3053
XAI Floating Rate & Alternative Income Trust
XFLT
$286M
| $2.16M | ﹤0.01% |
76,562
+5,141
| +7% | +$145K |
|
3054
BigBear.ai
BBAI
$1.34B
| $2.16M | ﹤0.01% |
318,327
+41,135
| +15% | +$149K |
|
3055
Fomento Económico Mexicano
FMX
$43.6B
| $2.15M | ﹤0.01% |
20,843
+3,244
| +18% | +$335K |
|
3056
Suburban Propane Partners
SPH
$1.24B
| $2.15M | ﹤0.01% |
115,774
+1,301
| +1% | +$25.3K |
|
|
AMTM
3057
Amentum Holdings
AMTM
$5.42B
| $2.14M | ﹤0.01% |
90,733
-2,289
| -2% | -$47.8K |
|
|
SPNS
3058
DELISTED
Sapiens International
SPNS
| $2.14M | ﹤0.01% |
73,109
+2,519
| +4% | +$70.2K |
|
3059
Dr. Reddy's Laboratories
RDY
$9.87B
| $2.14M | ﹤0.01% |
142,226
+1,308
| +0.9% | +$18.7K |
|
3060
Acadia Healthcare
ACHC
$2.76B
| $2.14M | ﹤0.01% |
94,210
+37,683
| +67% | +$893K |
|
3061
Invesco S&P SmallCap Health Care ETF
PSCH
$163M
| $2.14M | ﹤0.01% |
53,334
-317
| -0.6% | -$12.8K |
|
3062
Innovator Growth-100 Power Buffer ETF January
NJAN
$351M
| $2.14M | ﹤0.01% |
42,103
+3,902
| +10% | +$187K |
|
3063
TD Synnex
SNX
$20.4B
| $2.14M | ﹤0.01% |
15,738
-877
| -5% | -$103K |
|
3064
Ubiquiti
UI
$33.7B
| $2.13M | ﹤0.01% |
5,184
+311
| +6% | +$113K |
|
3065
ARK 21Shares Bitcoin ETF
ARKB
$2.4B
| $2.13M | ﹤0.01% |
59,458
-12,047
| -17% | -$395K |
|
3066
FT Vest US Equity Deep Buffer ETF September
DSEP
$351M
| $2.12M | ﹤0.01% |
50,010
+4,639
| +10% | +$187K |
|
3067
Wendy's
WEN
$1.4B
| $2.12M | ﹤0.01% |
185,549
+35,624
| +24% | +$435K |
|
3068
Gotham 1000 Value ETF
GVLU
$248M
| $2.12M | ﹤0.01% |
+87,943
| New | +$2.01M |
|
3069
Kilroy Realty
KRC
$4.52B
| $2.11M | ﹤0.01% |
61,610
+4,519
| +8% | +$147K |
|
|
MZTI
3070
The Marzetti Company
MZTI
$2.93B
| $2.11M | ﹤0.01% |
12,208
+570
| +5% | +$98.4K |
|
3071
Brighthouse Financial
BHF
$3.56B
| $2.11M | ﹤0.01% |
39,200
-518
| -1% | -$29.1K |
|
3072
iShares Currency Hedged MSCI Japan ETF
HEWJ
$717M
| $2.1M | ﹤0.01% |
46,948
+3,589
| +8% | +$151K |
|
3073
EA Bridgeway Omni Small-Cap Value ETF
BSVO
$2.42B
| $2.1M | ﹤0.01% |
103,177
+1,836
| +2% | +$35.1K |
|
3074
Yeti Holdings
YETI
$3.71B
| $2.1M | ﹤0.01% |
66,699
+24,564
| +58% | +$737K |
|
|
FLC
3075
Flaherty & Crumrine Total Return Fund
FLC
$174M
| $2.1M | ﹤0.01% |
123,631
-7,756
| -6% | -$128K |
|
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.