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 | |
|---|---|---|---|---|---|---|
3276
WBI BullBear Yield 3000 ETF
WBIG
$30.1M
| $1.7M | ﹤0.01% |
77,764
-19,589
| -20% | -$417K |
|
3277
Incyte
INCY
$24.2B
| $1.7M | ﹤0.01% |
25,004
-683
| -3% | -$43.3K |
|
3278
News Corp Class A
NWSA
$14.9B
| $1.7M | ﹤0.01% |
57,267
-282
| -0.5% | -$7.75K |
|
3279
Telephone and Data Systems
TDS
$3.82B
| $1.7M | ﹤0.01% |
47,760
-16,547
| -26% | -$581K |
|
3280
Innovator Equity Defined Protection ETF - 2 Yr to July 2027
TJUL
$129M
| $1.7M | ﹤0.01% |
59,119
+7,063
| +14% | +$199K |
|
3281
Chemours
CC
$2.5B
| $1.69M | ﹤0.01% |
148,026
+25,709
| +21% | +$290K |
|
3282
Dentsply Sirona
XRAY
$2.68B
| $1.69M | ﹤0.01% |
106,657
+8,598
| +9% | +$129K |
|
3283
Invesco Active US Real Estate Fund
PSR
$59.4M
| $1.69M | ﹤0.01% |
18,543
-5,889
| -24% | -$534K |
|
3284
Lazard
LAZ
$4.13B
| $1.69M | ﹤0.01% |
35,246
-6,613
| -16% | -$277K |
|
|
GOOD
3285
Gladstone Commercial Corp
GOOD
$605M
| $1.69M | ﹤0.01% |
117,896
-15,629
| -12% | -$222K |
|
3286
CVB Financial
CVBF
$3.94B
| $1.69M | ﹤0.01% |
85,345
+10,628
| +14% | +$198K |
|
|
TMHC
3287
DELISTED
Taylor Morrison
TMHC
| $1.69M | ﹤0.01% |
27,466
+2,524
| +10% | +$147K |
|
3288
Community Bank
CBU
$3.41B
| $1.69M | ﹤0.01% |
29,654
+1,760
| +6% | +$97.7K |
|
3289
BlackRock MuniYield Quality Fund III
MYI
$709M
| $1.68M | ﹤0.01% |
160,423
-5,136
| -3% | -$54K |
|
3290
iShares Self-Driving EV and Tech ETF
IDRV
$125M
| $1.68M | ﹤0.01% |
54,967
-4,183
| -7% | -$124K |
|
3291
Ryman Hospitality Properties
RHP
$8.43B
| $1.68M | ﹤0.01% |
17,009
+2,193
| +15% | +$205K |
|
|
EDGH
3292
3EDGE Dynamic Hard Assets ETF
EDGH
$128M
| $1.68M | ﹤0.01% |
+63,776
| New | +$1.67M |
|
3293
Dimensional International Core Fixed Income ETF
DFGX
$1.7B
| $1.68M | ﹤0.01% |
31,440
+17,946
| +133% | +$947K |
|
3294
Fidus Investment
FDUS
$749M
| $1.68M | ﹤0.01% |
82,993
-2,992
| -3% | -$58.4K |
|
3295
Intapp
INTA
$2.52B
| $1.67M | ﹤0.01% |
32,385
+11,745
| +57% | +$642K |
|
3296
Innovator International Developed Power Buffer ETF April
IAPR
$199M
| $1.67M | ﹤0.01% |
57,107
+10,552
| +23% | +$298K |
|
3297
ALPS Disruptive Technologies ETF
DTEC
$72.2M
| $1.66M | ﹤0.01% |
33,718
+359
| +1% | +$16.3K |
|
3298
FT Vest US Small Cap Moderate Buffer ETF May
SMAY
$110M
| $1.66M | ﹤0.01% |
69,320
+21,304
| +44% | +$497K |
|
3299
iShares iBonds Dec 2031 Term Treasury ETF
IBTL
$638M
| $1.66M | ﹤0.01% |
80,965
-48,954
| -38% | -$992K |
|
3300
Henry Schein
HSIC
$9.77B
| $1.66M | ﹤0.01% |
22,710
+14,479
| +176% | +$997K |
|
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.