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 | |
|---|---|---|---|---|---|---|
3451
Zillow
Z
$7.79B
| $1.4M | ﹤0.01% |
19,921
+457
| +2% | +$30.8K |
|
3452
Schwab 1-5 Year Corporate Bond ETF
SCHJ
$849M
| $1.39M | ﹤0.01% |
56,226
-101,031
| -64% | -$2.48M |
|
3453
TCW Transform 500 ETF
VOTE
$1.1B
| $1.39M | ﹤0.01% |
19,171
+11,856
| +162% | +$796K |
|
|
PGP
3454
PIMCO Global StockPLUS & Income Fund
PGP
$98.1M
| $1.39M | ﹤0.01% |
167,896
+8,236
| +5% | +$64.5K |
|
3455
Innovator International Developed Power Buffer ETF January
IJAN
$260M
| $1.39M | ﹤0.01% |
40,579
+10,092
| +33% | +$332K |
|
3456
Iris Energy
IREN
$13.2B
| $1.39M | ﹤0.01% |
95,120
+33,006
| +53% | +$268K |
|
3457
Brookfield Renewable
BEP
$9.97B
| $1.38M | ﹤0.01% |
54,183
+773
| +1% | +$18.2K |
|
3458
PUT
iShares Russell 2000 ETF
IWM
$79.8B
| $1.38M | ﹤0.01% |
6,400
-1,900
| -23% | -$382K |
|
3459
Kirby Corp
KEX
$7.01B
| $1.38M | ﹤0.01% |
12,175
+4,643
| +62% | +$487K |
|
3460
Truth Social America First ETF
MAGA
$31.1M
| $1.38M | ﹤0.01% |
27,544
+425
| +2% | +$20.3K |
|
3461
ProShares Pet Care ETF
PAWZ
$34M
| $1.38M | ﹤0.01% |
23,820
+422
| +2% | +$23.4K |
|
3462
Primoris Services
PRIM
$4.58B
| $1.38M | ﹤0.01% |
17,698
-96
| -0.5% | -$6.51K |
|
3463
Highwoods Properties
HIW
$3.65B
| $1.38M | ﹤0.01% |
44,303
+3,176
| +8% | +$93.5K |
|
3464
FT Vest US Equity Deep Buffer ETF May
DMAY
$375M
| $1.38M | ﹤0.01% |
32,147
+7,212
| +29% | +$292K |
|
3465
ProShares Online Retail ETF
ONLN
$66.6M
| $1.38M | ﹤0.01% |
27,122
-950
| -3% | -$43.3K |
|
3466
Kaiser Aluminum
KALU
$2.61B
| $1.38M | ﹤0.01% |
17,220
-1,543
| -8% | -$105K |
|
3467
iShares BB Rated Corporate Bond ETF
HYBB
$411M
| $1.38M | ﹤0.01% |
29,259
-1,081
| -4% | -$49.7K |
|
3468
XPeng
XPEV
$12.4B
| $1.37M | ﹤0.01% |
76,833
+3,755
| +5% | +$73.3K |
|
3469
Axalta
AXTA
$7.66B
| $1.37M | ﹤0.01% |
46,265
+1,275
| +3% | +$39.7K |
|
|
TWO
3470
Two Harbors Investment
TWO
$1.27B
| $1.37M | ﹤0.01% |
127,519
-33,728
| -21% | -$380K |
|
3471
US Global GO Gold and Precious Metal Miners ETF
GOAU
$161M
| $1.37M | ﹤0.01% |
46,571
+998
| +2% | +$27.7K |
|
3472
First Trust RiverFront Dynamic Developed International ETF
RFDI
$165M
| $1.37M | ﹤0.01% |
18,723
+2,298
| +14% | +$160K |
|
3473
FT Vest US Small Cap Moderate Buffer ETF August
SAUG
$110M
| $1.36M | ﹤0.01% |
58,275
+21,285
| +58% | +$480K |
|
3474
RingCentral
RNG
$4.66B
| $1.36M | ﹤0.01% |
48,056
+740
| +2% | +$19.1K |
|
3475
Strive US Semiconductor ETF
SHOC
$228M
| $1.36M | ﹤0.01% |
25,551
+1,223
| +5% | +$53.9K |
|
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.