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 | |
|---|---|---|---|---|---|---|
3501
Invesco S&P SmallCap Consumer Staples ETF
PSCC
$38.4M
| $1.32M | ﹤0.01% |
39,677
-1,557
| -4% | -$53.5K |
|
3502
Concentrix
CNXC
$1.5B
| $1.32M | ﹤0.01% |
24,946
+1,922
| +8% | +$102K |
|
3503
Addus HomeCare
ADUS
$2.16B
| $1.32M | ﹤0.01% |
11,432
+894
| +8% | +$96.6K |
|
3504
Guardant Health
GH
$21.7B
| $1.31M | ﹤0.01% |
25,261
+6,060
| +32% | +$271K |
|
|
ECC
3505
Eagle Point Credit Company
ECC
$512M
| $1.31M | ﹤0.01% |
171,591
+45,132
| +36% | +$346K |
|
3506
iShares ESG Screened S&P Small-Cap ETF
XJR
$186M
| $1.31M | ﹤0.01% |
33,199
+3,908
| +13% | +$146K |
|
3507
BlackRock MuniYield Michigan Quality Fund
MIY
$353M
| $1.31M | ﹤0.01% |
118,867
+474
| +0.4% | +$5.35K |
|
|
EDF
3508
Virtus Stone Harbor Emerging Markets Income Fund
EDF
$167M
| $1.31M | ﹤0.01% |
259,581
-13,702
| -5% | -$66.6K |
|
3509
Genius Sports
GENI
$1.85B
| $1.31M | ﹤0.01% |
125,937
+5,187
| +4% | +$51.8K |
|
3510
Blue Bird Corp
BLBD
$2.35B
| $1.31M | ﹤0.01% |
30,331
-1,883
| -6% | -$71.7K |
|
|
BRSP
3511
BrightSpire Capital
BRSP
$634M
| $1.31M | ﹤0.01% |
259,215
-27,107
| -9% | -$137K |
|
3512
VanEck Low Carbon Energy ETF
SMOG
$129M
| $1.31M | ﹤0.01% |
11,898
-552
| -4% | -$58.2K |
|
|
SLNZ
3513
TCW Senior Loan ETF
SLNZ
$223M
| $1.31M | ﹤0.01% |
27,790
+561
| +2% | +$26.3K |
|
3514
Metropolitan Bank Holding Corp
MCB
$1.15B
| $1.3M | ﹤0.01% |
18,622
+1,838
| +11% | +$114K |
|
|
EFR
3515
Eaton Vance Senior Floating-Rate Fund
EFR
$312M
| $1.3M | ﹤0.01% |
107,521
-65,443
| -38% | -$772K |
|
|
BBBY
3516
Bed Bath & Beyond
BBBY
$481M
| $1.3M | ﹤0.01% |
208,194
+13,796
| +7% | +$66.8K |
|
3517
Artesian Resources
ARTNA
$355M
| $1.3M | ﹤0.01% |
38,727
-241
| -0.6% | -$8.17K |
|
3518
Wyndham Hotels & Resorts
WH
$5.56B
| $1.3M | ﹤0.01% |
15,990
-11,159
| -41% | -$934K |
|
3519
BlackRock MuniYield Quality Fund
MQY
$805M
| $1.3M | ﹤0.01% |
116,638
+13,402
| +13% | +$148K |
|
3520
Banco Bradesco
BBD
$39.3B
| $1.3M | ﹤0.01% |
419,291
+6,726
| +2% | +$17.7K |
|
3521
Sensient Technologies
SXT
$5.26B
| $1.29M | ﹤0.01% |
13,112
+6,799
| +108% | +$608K |
|
|
PHT
3522
DELISTED
Pioneer High Income Fund
PHT
| $1.29M | ﹤0.01% |
159,645
+8,005
| +5% | +$61.9K |
|
3523
AdvisorShares Ranger Equity Bear ETF
HDGE
$60M
| $1.29M | ﹤0.01% |
76,268
-55,504
| -42% | -$1M |
|
|
MCI
3524
Barings Corporate Investors
MCI
$340M
| $1.29M | ﹤0.01% |
59,483
+18,445
| +45% | +$379K |
|
3525
Vertex
VERX
$2.09B
| $1.29M | ﹤0.01% |
36,459
+2,765
| +8% | +$105K |
|
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.