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 | |
|---|---|---|---|---|---|---|
3551
NexGen Energy
NXE
$6.06B
| $1.24M | ﹤0.01% |
178,827
+88,544
| +98% | +$500K |
|
3552
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
PEZ
$22.5M
| $1.24M | ﹤0.01% |
12,471
+233
| +2% | +$21K |
|
3553
VanEck International High Yield Bond ETF
IHY
$43.3M
| $1.24M | ﹤0.01% |
56,248
+40,554
| +258% | +$866K |
|
|
BWG
3554
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
| $1.24M | ﹤0.01% |
149,182
-28,714
| -16% | -$231K |
|
3555
COPT Defense Properties
CDP
$4.3B
| $1.24M | ﹤0.01% |
44,926
-3,626
| -7% | -$98.2K |
|
3556
Carlyle Secured Lending
CGBD
$694M
| $1.24M | ﹤0.01% |
90,409
+7,951
| +10% | +$113K |
|
3557
Innovator Buffer Step-Up Strategy ETF
BSTP
$60.2M
| $1.24M | ﹤0.01% |
35,781
-156
| -0.4% | -$5.12K |
|
3558
JPMorgan BetaBuilders MSCI US REIT ETF
BBRE
$1.27B
| $1.24M | ﹤0.01% |
13,416
-1,526
| -10% | -$140K |
|
3559
Allegro MicroSystems
ALGM
$7.73B
| $1.23M | ﹤0.01% |
36,095
-22,875
| -39% | -$570K |
|
3560
GlobalFoundries
GFS
$27.4B
| $1.23M | ﹤0.01% |
32,252
+10,694
| +50% | +$388K |
|
3561
nCino
NCNO
$2.02B
| $1.23M | ﹤0.01% |
44,042
+595
| +1% | +$14.9K |
|
3562
Dimensional Global Credit ETF
DGCB
$1.08B
| $1.23M | ﹤0.01% |
22,706
+16,574
| +270% | +$880K |
|
|
MASI
3563
DELISTED
Masimo
MASI
| $1.23M | ﹤0.01% |
7,304
+2,248
| +44% | +$359K |
|
3564
Plug Power
PLUG
$2.87B
| $1.23M | ﹤0.01% |
824,363
+13,317
| +2% | +$13.3K |
|
3565
Workiva
WK
$3.36B
| $1.23M | ﹤0.01% |
17,935
+1,541
| +9% | +$106K |
|
3566
FT Vest US Equity Enhance & Moderate Buffer ETF December
XDEC
$203M
| $1.23M | ﹤0.01% |
31,543
+2,035
| +7% | +$75.7K |
|
3567
Glaukos
GKOS
$9.83B
| $1.22M | ﹤0.01% |
11,850
-3,925
| -25% | -$368K |
|
3568
MakeMyTrip
MMYT
$5.36B
| $1.22M | ﹤0.01% |
12,487
+3,487
| +39% | +$352K |
|
3569
Innovator US Small Cap Power Buffer ETF July
KJUL
$207M
| $1.22M | ﹤0.01% |
41,891
+11,654
| +39% | +$326K |
|
3570
Mueller Water Products
MWA
$3.95B
| $1.22M | ﹤0.01% |
50,782
+21,730
| +75% | +$538K |
|
3571
Towne Bank
TOWN
$3.46B
| $1.22M | ﹤0.01% |
35,704
+2,789
| +8% | +$93K |
|
|
DOCT
3572
FT Vest US Equity Deep Buffer ETF October
DOCT
$385M
| $1.22M | ﹤0.01% |
29,671
+14,296
| +93% | +$558K |
|
3573
WisdomTree Mortgage Plus Bond Fund
MTGP
$69.6M
| $1.22M | ﹤0.01% |
27,395
+9,128
| +50% | +$398K |
|
3574
World Kinect Corp
WKC
$2.04B
| $1.22M | ﹤0.01% |
42,897
+940
| +2% | +$24.9K |
|
3575
PIMCO Commodity Strategy Active Exchange-Traded Fund
CMDT
$803M
| $1.22M | ﹤0.01% |
47,053
+23,979
| +104% | +$617K |
|
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.