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 | |
|---|---|---|---|---|---|---|
|
OPP
3526
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$190M
| $1.29M | ﹤0.01% |
150,659
+4,382
| +3% | +$36.6K |
|
3527
Viemed Healthcare
VMD
$447M
| $1.29M | ﹤0.01% |
186,190
-2,801
| -1% | -$19K |
|
3528
Agilysys
AGYS
$2.97B
| $1.29M | ﹤0.01% |
11,221
+259
| +2% | +$23.4K |
|
|
BCV
3529
Bancroft Fund
BCV
$133M
| $1.28M | ﹤0.01% |
67,607
+14,495
| +27% | +$254K |
|
|
MHF
3530
Western Asset Municipal High Income Fund
MHF
$151M
| $1.28M | ﹤0.01% |
183,735
+72,790
| +66% | +$517K |
|
3531
IQ Candriam US Large Cap Equity ETF
IQSU
$325M
| $1.27M | ﹤0.01% |
25,670
-2,827
| -10% | -$131K |
|
3532
Herc Holdings
HRI
$5.02B
| $1.27M | ﹤0.01% |
9,650
+5,867
| +155% | +$712K |
|
|
CPSD
3533
Calamos S&P 500 Structured Alt Protection ETF - December
CPSD
$45.7M
| $1.27M | ﹤0.01% |
51,197
+510
| +1% | +$12.3K |
|
3534
Pediatrix Medical
MD
$2.18B
| $1.27M | ﹤0.01% |
88,399
-55,919
| -39% | -$767K |
|
|
SNDK
3535
Sandisk
SNDK
$180B
| $1.26M | ﹤0.01% |
27,857
-5,802
| -17% | -$222K |
|
|
NMAX
3536
Newsmax Inc
NMAX
$996M
| $1.26M | ﹤0.01% |
83,326
+78,602
| +1,664% | +$2.06M |
|
3537
Global X Genomics & Biotechnology ETF
GNOM
$79.3M
| $1.26M | ﹤0.01% |
37,335
+12,892
| +53% | +$408K |
|
|
PMO
3538
Franklin Municipal Opportunities Trust
PMO
$280M
| $1.26M | ﹤0.01% |
127,233
+5,033
| +4% | +$49.6K |
|
3539
Power Integrations
POWI
$3.38B
| $1.26M | ﹤0.01% |
22,501
+844
| +4% | +$43.3K |
|
3540
First American
FAF
$7.66B
| $1.26M | ﹤0.01% |
20,488
+3,475
| +20% | +$206K |
|
3541
First Trust Latin America AlphaDEX Fund
FLN
$37.9M
| $1.26M | ﹤0.01% |
63,103
+24,767
| +65% | +$463K |
|
|
CNR
3542
Core Natural Resources Inc
CNR
$4.02B
| $1.26M | ﹤0.01% |
18,002
-1,133
| -6% | -$80.6K |
|
3543
First Trust Asia Pacific ex-Japan AlphaDEX Fund
FPA
$100M
| $1.26M | ﹤0.01% |
35,135
+27,571
| +365% | +$865K |
|
3544
Ascendis Pharma A/S
ASND
$16B
| $1.25M | ﹤0.01% |
7,267
+3,787
| +109% | +$617K |
|
|
GRAL
3545
GRAIL Inc
GRAL
$2.94B
| $1.25M | ﹤0.01% |
24,363
+10,775
| +79% | +$390K |
|
3546
WSFS Financial
WSFS
$4.12B
| $1.25M | ﹤0.01% |
22,651
+1,330
| +6% | +$69.1K |
|
3547
Invesco CurrencyShares Canadian Dollar Trust
FXC
$73.2M
| $1.24M | ﹤0.01% |
17,331
+14,199
| +453% | +$1M |
|
|
NVEE
3548
DELISTED
NV5 Global
NVEE
| $1.24M | ﹤0.01% |
53,896
-269
| -0.5% | -$5.38K |
|
|
ALE
3549
DELISTED
Allete
ALE
| $1.24M | ﹤0.01% |
19,409
-3,780
| -16% | -$246K |
|
3550
American Financial Group
AFG
$11.8B
| $1.24M | ﹤0.01% |
9,835
-4,986
| -34% | -$624K |
|
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.