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 | |
|---|---|---|---|---|---|---|
3401
WisdomTree Bitcoin Fund
BTCW
$136M
| $1.47M | ﹤0.01% |
12,885
+1,899
| +17% | +$198K |
|
3402
Heritage Insurance Holdings
HRTG
$889M
| $1.47M | ﹤0.01% |
+58,994
| New | +$1.26M |
|
3403
Hartford Large Cap Growth ETF
HFGO
$201M
| $1.47M | ﹤0.01% |
59,065
-12,792
| -18% | -$284K |
|
3404
PGIM Short Duration High Yield ETF
PSH
$170M
| $1.47M | ﹤0.01% |
+29,011
| New | +$1.45M |
|
3405
PIMCO RAFI ESG US ETF
RAFE
$163M
| $1.47M | ﹤0.01% |
38,464
+837
| +2% | +$29.9K |
|
3406
Azenta
AZTA
$1.3B
| $1.47M | ﹤0.01% |
47,651
-5,677
| -11% | -$160K |
|
3407
Global X Social Media ETF
SOCL
$90.4M
| $1.46M | ﹤0.01% |
27,395
-1,285
| -4% | -$59.1K |
|
3408
Chord Energy
CHRD
$7.9B
| $1.46M | ﹤0.01% |
15,043
-7,058
| -32% | -$672K |
|
3409
PUT
Peabody Energy
BTU
$2.6B
| $1.45M | ﹤0.01% |
108,400
-136,400
| -56% | -$1.8M |
|
3410
Perrigo
PRGO
$1.4B
| $1.45M | ﹤0.01% |
54,423
+4,454
| +9% | +$117K |
|
3411
Silgan Holdings
SLGN
$4.23B
| $1.45M | ﹤0.01% |
26,835
+2,810
| +12% | +$149K |
|
3412
CAE Inc. Common Shares
CAE
$8.3B
| $1.45M | ﹤0.01% |
49,552
+1,365
| +3% | +$34.4K |
|
3413
OneAscent International Equity ETF
OAIM
$364M
| $1.45M | ﹤0.01% |
37,965
+10,971
| +41% | +$389K |
|
3414
AdvisorShares Dorsey Wright ADR ETF
AADR
$39.4M
| $1.45M | ﹤0.01% |
18,354
+10,017
| +120% | +$756K |
|
3415
Invesco Dorsey Wright Basic Materials Momentum ETF
PYZ
$72.2M
| $1.45M | ﹤0.01% |
15,600
-3,924
| -20% | -$338K |
|
3416
Oceaneering
OII
$4.86B
| $1.45M | ﹤0.01% |
69,759
+20,056
| +40% | +$387K |
|
|
DLY
3417
DoubleLine Yield Opportunities Fund
DLY
$682M
| $1.45M | ﹤0.01% |
92,688
+3,672
| +4% | +$56.4K |
|
3418
Independent Bank
INDB
$3.99B
| $1.44M | ﹤0.01% |
22,959
-2,293
| -9% | -$139K |
|
3419
Federal Agricultural Mortgage
AGM
$2.47B
| $1.44M | ﹤0.01% |
7,430
-571
| -7% | -$105K |
|
3420
Certara
CERT
$1.26B
| $1.44M | ﹤0.01% |
123,118
+5,284
| +4% | +$62.5K |
|
3421
Valmont Industries
VMI
$9.3B
| $1.44M | ﹤0.01% |
4,407
+296
| +7% | +$90.8K |
|
3422
Simpson Manufacturing
SSD
$7.72B
| $1.43M | ﹤0.01% |
9,227
-930
| -9% | -$144K |
|
3423
Oshkosh
OSK
$8.79B
| $1.43M | ﹤0.01% |
12,613
-950
| -7% | -$92.3K |
|
|
SKX
3424
DELISTED
Skechers
SKX
| $1.43M | ﹤0.01% |
22,695
-15,932
| -41% | -$915K |
|
3425
United States Oil Fund
USO
$2.15B
| $1.43M | ﹤0.01% |
19,577
+41
| +0.2% | +$2.86K |
|
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.