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 | |
|---|---|---|---|---|---|---|
3226
PUT
Phillips 66
PSX
$84.9B
| $1.79M | ﹤0.01% |
+15,000
| New | +$1.68M |
|
3227
Adaptive Hedged Multi-Asset Income ETF
AMAX
$66.8M
| $1.79M | ﹤0.01% |
227,299
-7,915
| -3% | -$60.7K |
|
3228
Coca-Cola Femsa
KOF
$22.7B
| $1.79M | ﹤0.01% |
18,481
+7,139
| +63% | +$677K |
|
3229
Penske Automotive Group
PAG
$14.3B
| $1.79M | ﹤0.01% |
10,402
+51
| +0.5% | +$8.18K |
|
|
CALY
3230
Callaway Golf Company
CALY
$3.32B
| $1.79M | ﹤0.01% |
221,823
+36,527
| +20% | +$251K |
|
|
SZNE
3231
DELISTED
Pacer CFRA-Stoval Equal Weight Seasonal Rotation ETF
SZNE
| $1.78M | ﹤0.01% |
51,764
-16,044
| -24% | -$542K |
|
3232
State Street SPDR S&P Telecom ETF
XTL
$567M
| $1.78M | ﹤0.01% |
15,205
-90,339
| -86% | -$9.18M |
|
|
UDEC
3233
Innovator US Equity Ultra Buffer ETF December
UDEC
$249M
| $1.78M | ﹤0.01% |
48,948
+23,553
| +93% | +$820K |
|
3234
Genesis Energy
GEL
$1.87B
| $1.78M | ﹤0.01% |
103,396
+87,912
| +568% | +$1.33M |
|
3235
CNO Financial Group
CNO
$5.14B
| $1.78M | ﹤0.01% |
46,138
+24,737
| +116% | +$943K |
|
3236
AllianzIM U.S. Equity Buffer20 Oct ETF
OCTW
$322M
| $1.78M | ﹤0.01% |
48,067
+7,046
| +17% | +$250K |
|
3237
Dorchester Minerals
DMLP
$1.33B
| $1.78M | ﹤0.01% |
63,810
+3,473
| +6% | +$97.6K |
|
3238
Banco Macro
BMA
$5.88B
| $1.77M | ﹤0.01% |
25,253
+9,456
| +60% | +$782K |
|
3239
Alpha Metallurgical Resources
AMR
$1.74B
| $1.77M | ﹤0.01% |
15,760
+2,845
| +22% | +$333K |
|
3240
Iridium Communications
IRDM
$5.02B
| $1.77M | ﹤0.01% |
58,665
+10,946
| +23% | +$285K |
|
3241
Innovator US Equity Buffer ETF December
BDEC
$218M
| $1.77M | ﹤0.01% |
39,118
-4,661
| -11% | -$198K |
|
3242
Meritage Homes
MTH
$4.58B
| $1.76M | ﹤0.01% |
26,345
+4,052
| +18% | +$269K |
|
3243
VanEck Environmental Services ETF
EVX
$99.4M
| $1.76M | ﹤0.01% |
46,019
+3,281
| +8% | +$119K |
|
3244
InMode
INMD
$870M
| $1.76M | ﹤0.01% |
121,854
+14,182
| +13% | +$208K |
|
3245
Cracker Barrel
CBRL
$1.26B
| $1.76M | ﹤0.01% |
28,736
+1,427
| +5% | +$71.9K |
|
|
CON
3246
Concentra Group Holdings
CON
$4.05B
| $1.75M | ﹤0.01% |
85,293
-11,709
| -12% | -$250K |
|
3247
FT Vest International Equity Buffer ETF September
YSEP
$120M
| $1.75M | ﹤0.01% |
71,898
+9,697
| +16% | +$227K |
|
3248
Sensata Technologies
ST
$6.74B
| $1.75M | ﹤0.01% |
58,249
-5,574
| -9% | -$137K |
|
|
MMD
3249
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
$280M
| $1.75M | ﹤0.01% |
118,560
-239
| -0.2% | -$3.48K |
|
3250
NBT Bancorp
NBTB
$2.74B
| $1.75M | ﹤0.01% |
42,171
+8,877
| +27% | +$370K |
|
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.