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 | |
|---|---|---|---|---|---|---|
3151
Patrick Industries
PATK
$2.74B
| $1.93M | ﹤0.01% |
20,894
+1,254
| +6% | +$107K |
|
3152
Invesco DB Base Metals Fund
DBB
$312M
| $1.93M | ﹤0.01% |
99,530
+6,360
| +7% | +$117K |
|
|
NXC
3153
DELISTED
Nuveen CA Select Tax-Free Income Portfolio
NXC
| $1.93M | ﹤0.01% |
146,331
+6,469
| +5% | +$83K |
|
3154
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.48B
| $1.93M | ﹤0.01% |
52,621
+28,484
| +118% | +$966K |
|
3155
WaFd
WAFD
$2.72B
| $1.93M | ﹤0.01% |
65,803
+29,979
| +84% | +$849K |
|
3156
VictoryShares Emerging Markets Value Momentum ETF
UEVM
$252M
| $1.92M | ﹤0.01% |
+36,719
| New | +$1.79M |
|
3157
Apple Hospitality REIT
APLE
$3.9B
| $1.92M | ﹤0.01% |
164,887
+37,877
| +30% | +$444K |
|
3158
Invesco Zacks Multi-Asset Income ETF
CVY
$124M
| $1.92M | ﹤0.01% |
74,619
+12,811
| +21% | +$318K |
|
|
SNV
3159
DELISTED
Synovus
SNV
| $1.92M | ﹤0.01% |
37,139
+1,523
| +4% | +$70K |
|
3160
Broadstone Net Lease
BNL
$4.11B
| $1.92M | ﹤0.01% |
119,612
-12,042
| -9% | -$193K |
|
3161
Brookfield Infrastructure
BIPC
$5.2B
| $1.92M | ﹤0.01% |
46,090
+8,843
| +24% | +$340K |
|
3162
Aptus Behavioral Momentum ETF
ADME
$293M
| $1.92M | ﹤0.01% |
39,774
-2,133
| -5% | -$96.3K |
|
|
INFA
3163
DELISTED
Informatica
INFA
| $1.92M | ﹤0.01% |
78,729
-38,474
| -33% | -$793K |
|
3164
Park National Corp
PRK
$3.76B
| $1.92M | ﹤0.01% |
11,458
+2,045
| +22% | +$322K |
|
|
GGN
3165
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$766M
| $1.92M | ﹤0.01% |
436,429
-8,047
| -2% | -$34.6K |
|
3166
Celanese
CE
$4.9B
| $1.91M | ﹤0.01% |
34,562
-4,642
| -12% | -$231K |
|
3167
Nuveen Growth Opportunities ETF
NUGO
$2.44B
| $1.91M | ﹤0.01% |
53,083
-43,527
| -45% | -$1.41M |
|
3168
Innovator US Equity Buffer ETF September
BSEP
$217M
| $1.91M | ﹤0.01% |
42,286
+1,414
| +3% | +$60.1K |
|
3169
ePlus
PLUS
$2.42B
| $1.91M | ﹤0.01% |
26,476
+426
| +2% | +$28K |
|
3170
Royalty Pharma
RPRX
$25.9B
| $1.91M | ﹤0.01% |
52,975
-16,166
| -23% | -$536K |
|
3171
Impinj
PI
$4.62B
| $1.91M | ﹤0.01% |
17,174
+1,974
| +13% | +$196K |
|
3172
Dimensional Global Sustainability Fixed Income ETF
DFSB
$716M
| $1.9M | ﹤0.01% |
36,286
+6,282
| +21% | +$324K |
|
3173
Qfin Holdings
QFIN
$1.69B
| $1.9M | ﹤0.01% |
43,802
+11,293
| +35% | +$471K |
|
|
SDHY
3174
PGIM Short Duration High Yield Opportunities Fund
SDHY
$398M
| $1.9M | ﹤0.01% |
112,722
+13,846
| +14% | +$223K |
|
3175
ZIM Integrated Shipping Services
ZIM
$3.04B
| $1.9M | ﹤0.01% |
117,845
+39,216
| +50% | +$618K |
|
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.