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 | |
|---|---|---|---|---|---|---|
|
SA
3476
Seabridge Gold
SA
$2.78B
| $1.36M | ﹤0.01% |
93,352
+24,521
| +36% | +$312K |
|
3477
CALL
Apple
AAPL
$4.54T
| $1.35M | ﹤0.01% |
+6,600
| New | +$1.33M |
|
|
FBRT
3478
Franklin BSP Realty Trust
FBRT
$630M
| $1.35M | ﹤0.01% |
126,323
+60,239
| +91% | +$676K |
|
3479
First Financial Bancorp
FFBC
$3.55B
| $1.35M | ﹤0.01% |
55,573
-13,841
| -20% | -$328K |
|
|
LB
3480
LandBridge Co
LB
$2.16B
| $1.34M | ﹤0.01% |
19,895
+2,066
| +12% | +$149K |
|
|
VISN
3481
Vistance Networks Inc
VISN
$2.65B
| $1.34M | ﹤0.01% |
162,259
+146,158
| +908% | +$765K |
|
3482
National Bankshares
NKSH
$259M
| $1.34M | ﹤0.01% |
49,392
+2,042
| +4% | +$53K |
|
|
CCC
3483
CCC Intelligent Solutions
CCC
$3.59B
| $1.34M | ﹤0.01% |
142,584
+22,920
| +19% | +$205K |
|
3484
York Water
YORW
$502M
| $1.34M | ﹤0.01% |
42,442
+7,641
| +22% | +$255K |
|
3485
Innovator US Equity Ultra Buffer ETF February
UFEB
$238M
| $1.34M | ﹤0.01% |
39,070
+18,952
| +94% | +$623K |
|
3486
RUM Group Inc
RUM
$1.61B
| $1.34M | ﹤0.01% |
149,018
+8,781
| +6% | +$75.1K |
|
3487
Academy Sports + Outdoors
ASO
$2.94B
| $1.34M | ﹤0.01% |
29,843
-8,988
| -23% | -$373K |
|
|
BSJW
3488
Invesco BulletShares 2032 High Yield Corporate Bond ETF
BSJW
$45.2M
| $1.34M | ﹤0.01% |
52,175
+23,587
| +83% | +$591K |
|
3489
WBI BullBear Value 3000 ETF
WBIF
$23.5M
| $1.34M | ﹤0.01% |
46,427
-9,588
| -17% | -$264K |
|
3490
USA Compression Partners
USAC
$3.79B
| $1.33M | ﹤0.01% |
54,821
+16,737
| +44% | +$415K |
|
3491
Newmark Group
NMRK
$2.66B
| $1.33M | ﹤0.01% |
109,656
+6,202
| +6% | +$69.4K |
|
|
SFBS
3492
ServisFirst Bancshares
SFBS
$4.89B
| $1.33M | ﹤0.01% |
17,175
+734
| +4% | +$54.2K |
|
3493
Sinclair Inc
SBGI
$992M
| $1.33M | ﹤0.01% |
96,292
+1,357
| +1% | +$19.3K |
|
3494
American Superconductor
AMSC
$1.42B
| $1.33M | ﹤0.01% |
36,270
+2,495
| +7% | +$61.3K |
|
3495
iShares International Developed Real Estate ETF
IFGL
$83.1M
| $1.33M | ﹤0.01% |
58,453
-3,473
| -6% | -$74K |
|
|
PPI
3496
AXS Astoria Inflation Sensitive ETF
PPI
$157M
| $1.32M | ﹤0.01% |
81,061
-13,536
| -14% | -$203K |
|
3497
Merchants Bancorp
MBIN
$2.53B
| $1.32M | ﹤0.01% |
40,051
-8,378
| -17% | -$271K |
|
|
OPRA
3498
Opera Ltd
OPRA
$1.69B
| $1.32M | ﹤0.01% |
70,041
+803
| +1% | +$13.8K |
|
3499
Innovator US Equity Ultra Buffer ETF August
UAUG
$163M
| $1.32M | ﹤0.01% |
35,281
+7,380
| +26% | +$261K |
|
3500
Etsy
ETSY
$7.75B
| $1.32M | ﹤0.01% |
26,319
-1,914
| -7% | -$95.2K |
|
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.