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 | |
|---|---|---|---|---|---|---|
3326
Westlake Corp
WLK
$9.03B
| $1.62M | ﹤0.01% |
21,273
-9,148
| -30% | -$749K |
|
3327
Cohen & Steers Select Preferred & Income Fund
PSF
$234M
| $1.61M | ﹤0.01% |
80,087
+14,980
| +23% | +$291K |
|
3328
FLEX LNG
FLNG
$1.69B
| $1.61M | ﹤0.01% |
73,378
+33,462
| +84% | +$784K |
|
3329
First Trust SkyBridge Crypto Industry and Digital Economy ETF
CRPT
$82.2M
| $1.61M | ﹤0.01% |
69,467
-6,179
| -8% | -$108K |
|
3330
Pacer Swan SOS Moderate April ETF
PSMR
$90.7M
| $1.61M | ﹤0.01% |
56,706
-9,468
| -14% | -$259K |
|
|
DHY
3331
Credit Suisse High Yield Credit Fund
DHY
$242M
| $1.61M | ﹤0.01% |
754,009
-24,092
| -3% | -$49.2K |
|
3332
Pacira BioSciences
PCRX
$1.04B
| $1.61M | ﹤0.01% |
67,193
+42,288
| +170% | +$1.07M |
|
3333
Goldman Sachs Access High Yield Corporate Bond ETF
GHYB
$134M
| $1.6M | ﹤0.01% |
35,365
-292,840
| -89% | -$13M |
|
3334
Knight Transportation
KNX
$11.3B
| $1.6M | ﹤0.01% |
36,195
+5,615
| +18% | +$239K |
|
3335
Cemex
CX
$17.1B
| $1.6M | ﹤0.01% |
230,382
+34,762
| +18% | +$220K |
|
3336
Invesco S&P 500 Equal Weight Communication Services ETF
RSPC
$55.8M
| $1.59M | ﹤0.01% |
41,644
+27,692
| +198% | +$983K |
|
3337
WBI BullBear Quality 3000 ETF
WBIL
$30.1M
| $1.59M | ﹤0.01% |
48,967
-8,543
| -15% | -$261K |
|
3338
Alger AI Enablers & Adopters ETF
ALAI
$488M
| $1.59M | ﹤0.01% |
+51,619
| New | +$1.35M |
|
3339
Sweetgreen
SG
$766M
| $1.59M | ﹤0.01% |
106,836
+62,290
| +140% | +$1.03M |
|
|
RWT
3340
Redwood Trust
RWT
$574M
| $1.59M | ﹤0.01% |
268,929
+120,562
| +81% | +$685K |
|
3341
Invesco DB Oil Fund
DBO
$403M
| $1.58M | ﹤0.01% |
119,586
-8,736
| -7% | -$113K |
|
|
ACVU
3342
Hartford Alpha Capture Value ETF
ACVU
$181M
| $1.58M | ﹤0.01% |
61,537
-19,248
| -24% | -$473K |
|
3343
Cirrus Logic
CRUS
$6.53B
| $1.58M | ﹤0.01% |
15,120
-906
| -6% | -$88.8K |
|
3344
United States Natural Gas Fund
UNG
$456M
| $1.58M | ﹤0.01% |
103,083
+14,549
| +16% | +$251K |
|
3345
ProShares Short 20+ Year Treasury ETF
TBF
$87.9M
| $1.57M | ﹤0.01% |
65,105
+23,093
| +55% | +$567K |
|
3346
CarGurus
CARG
$3.27B
| $1.57M | ﹤0.01% |
46,962
-2,864
| -6% | -$86.3K |
|
3347
PUT
Alphabet (Google) Class A
GOOGL
$4.36T
| $1.57M | ﹤0.01% |
8,900
+1,200
| +16% | +$196K |
|
3348
Aptus International Enhanced Yield ETF
IDUB
$495M
| $1.57M | ﹤0.01% |
70,445
-4,523
| -6% | -$97.2K |
|
3349
Adaptive Biotechnologies
ADPT
$3.59B
| $1.57M | ﹤0.01% |
134,469
+26,980
| +25% | +$245K |
|
3350
Pacer Trendpilot European Index ETF
PTEU
$37M
| $1.57M | ﹤0.01% |
54,481
+5,927
| +12% | +$162K |
|
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.