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 | |
|---|---|---|---|---|---|---|
3301
Darling Ingredients
DAR
$9.64B
| $1.66M | ﹤0.01% |
43,705
+4,898
| +13% | +$161K |
|
3302
Lumen
LUMN
$6.57B
| $1.66M | ﹤0.01% |
378,493
-1,523
| -0.4% | -$5.9K |
|
3303
First Trust Active Factor Small Cap ETF
AFSM
$120M
| $1.66M | ﹤0.01% |
55,478
+34,027
| +159% | +$963K |
|
3304
Innovator US Small Cap Power Buffer ETF April
KAPR
$215M
| $1.66M | ﹤0.01% |
51,146
+11,469
| +29% | +$356K |
|
3305
Invesco Trust Investment Grade Municipals
VGM
$548M
| $1.65M | ﹤0.01% |
174,381
-285,007
| -62% | -$2.73M |
|
3306
First Watch Restaurant Group
FWRG
$792M
| $1.65M | ﹤0.01% |
103,018
+81,208
| +372% | +$1.36M |
|
3307
First Bancorp
FBNC
$2.6B
| $1.65M | ﹤0.01% |
37,378
-3,660
| -9% | -$148K |
|
3308
Invesco Dorsey Wright Emerging Markets Momentum ETF
PIE
$237M
| $1.65M | ﹤0.01% |
78,611
-26,189
| -25% | -$497K |
|
3309
Invesco Dorsey Wright Energy Momentum ETF
PXI
$60.7M
| $1.65M | ﹤0.01% |
38,149
-2,298
| -6% | -$94K |
|
3310
BNY Mellon US Small Cap Core Equity ETF
BKSE
$85.9M
| $1.64M | ﹤0.01% |
49,377
-16,731
| -25% | -$520K |
|
3311
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
$770M
| $1.64M | ﹤0.01% |
37,248
-14,219
| -28% | -$628K |
|
3312
BlackRock TCP Capital
TCPC
$273M
| $1.64M | ﹤0.01% |
212,989
-10,447
| -5% | -$76.7K |
|
3313
VanEck Long/Flat Trend ETF
LFEQ
$28.3M
| $1.64M | ﹤0.01% |
33,192
-7,193
| -18% | -$335K |
|
|
TNGY
3314
Tortoise Energy ETF
TNGY
$555M
| $1.64M | ﹤0.01% |
+178,598
| New | +$1.63M |
|
3315
Graham Corp
GHM
$1.12B
| $1.64M | ﹤0.01% |
33,055
-239
| -0.7% | -$8.86K |
|
3316
SFL Corp
SFL
$1.64B
| $1.64M | ﹤0.01% |
196,458
+60,564
| +45% | +$502K |
|
3317
Kenon Holdings
KEN
$3.51B
| $1.64M | ﹤0.01% |
39,374
+6,836
| +21% | +$229K |
|
3318
MSC Industrial Direct
MSM
$6.89B
| $1.63M | ﹤0.01% |
19,182
-4,600
| -19% | -$363K |
|
|
DXYZ
3319
Destiny Tech100
DXYZ
$697M
| $1.63M | ﹤0.01% |
42,779
+23,795
| +125% | +$903K |
|
3320
Teradata
TDC
$2.92B
| $1.63M | ﹤0.01% |
72,944
+2,404
| +3% | +$52.3K |
|
3321
Teladoc Health
TDOC
$1.22B
| $1.63M | ﹤0.01% |
186,638
+18,567
| +11% | +$135K |
|
3322
iShares Asia/Pacific Dividend ETF
DVYA
$71.6M
| $1.63M | ﹤0.01% |
42,245
+6,150
| +17% | +$225K |
|
|
AISP
3323
Airship AI Holdings
AISP
$60.3M
| $1.62M | ﹤0.01% |
+275,271
| New | +$1.23M |
|
3324
Delek Logistics
DKL
$3.21B
| $1.62M | ﹤0.01% |
37,733
-7,988
| -17% | -$324K |
|
3325
AllianzIM U.S. Equity Buffer20 Apr ETF
APRW
$203M
| $1.62M | ﹤0.01% |
48,515
+16,725
| +53% | +$541K |
|
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.