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 | |
|---|---|---|---|---|---|---|
3576
PUT
Boeing
BA
$171B
| $1.22M | ﹤0.01% |
+5,800
| New | +$1.1M |
|
3577
Robert Half
RHI
$3.87B
| $1.21M | ﹤0.01% |
29,592
-920
| -3% | -$41.9K |
|
3578
Dolby
DLB
$5.51B
| $1.21M | ﹤0.01% |
16,299
+2,862
| +21% | +$214K |
|
|
VRNT
3579
DELISTED
Verint Systems
VRNT
| $1.21M | ﹤0.01% |
61,481
+235
| +0.4% | +$4.1K |
|
3580
Avis
CAR
$4.86B
| $1.21M | ﹤0.01% |
7,142
-2,001
| -22% | -$216K |
|
3581
Lifecore Biomedical
LFCR
$166M
| $1.2M | ﹤0.01% |
148,190
+2,290
| +2% | +$15.4K |
|
3582
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
EEMX
$172M
| $1.2M | ﹤0.01% |
32,086
+1,388
| +5% | +$48.2K |
|
3583
Amplify BlackSwan Growth & Treasure Core ETF
SWAN
$157M
| $1.2M | ﹤0.01% |
39,225
+16,181
| +70% | +$471K |
|
3584
California Resources
CRC
$4.67B
| $1.2M | ﹤0.01% |
26,320
+2,137
| +9% | +$87.3K |
|
3585
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$800M
| $1.2M | ﹤0.01% |
35,314
+42
| +0.1% | +$1.43K |
|
3586
iShares iBonds 2029 Term High Yield and Income ETF
IBHI
$497M
| $1.2M | ﹤0.01% |
50,551
+7,753
| +18% | +$179K |
|
3587
Distillate Small/Mid Cash Flow ETF
DSMC
$137M
| $1.2M | ﹤0.01% |
36,777
-19,405
| -35% | -$602K |
|
3588
Galicia Financial Group
GGAL
$7.99B
| $1.2M | ﹤0.01% |
23,721
+15,838
| +201% | +$907K |
|
3589
Cedar Fair
FUN
$1.77B
| $1.2M | ﹤0.01% |
39,273
-1,926
| -5% | -$64.5K |
|
3590
Innovator US Equity Ultra Buffer ETF April
UAPR
$157M
| $1.19M | ﹤0.01% |
38,174
+3,679
| +11% | +$111K |
|
3591
Fidelity International High Dividend ETF
FIDI
$362M
| $1.19M | ﹤0.01% |
51,235
+12,262
| +31% | +$276K |
|
3592
HCI Group
HCI
$2.23B
| $1.19M | ﹤0.01% |
7,836
+1,341
| +21% | +$206K |
|
|
NEXN
3593
Nexxen International
NEXN
$573M
| $1.19M | ﹤0.01% |
114,526
+103,679
| +956% | +$1.05M |
|
3594
Cellebrite
CLBT
$3.68B
| $1.19M | ﹤0.01% |
74,490
+9,367
| +14% | +$167K |
|
3595
Albany International
AIN
$2.11B
| $1.19M | ﹤0.01% |
16,990
-1,509
| -8% | -$100K |
|
|
MFM
3596
Aberdeen Municipal Income Fund
MFM
$221M
| $1.19M | ﹤0.01% |
230,334
-9,452
| -4% | -$48.6K |
|
|
PPLI
3597
People Inc
PPLI
$3.09B
| $1.19M | ﹤0.01% |
31,851
+26,095
| +453% | +$943K |
|
|
BYM
3598
DELISTED
BlackRock Municipal Income Quality Trust
BYM
| $1.18M | ﹤0.01% |
112,144
+627
| +0.6% | +$6.58K |
|
3599
Stantec
STN
$8.04B
| $1.18M | ﹤0.01% |
10,886
+5,781
| +113% | +$557K |
|
|
SBI
3600
Western Asset Intermediate Muni Fund
SBI
$107M
| $1.18M | ﹤0.01% |
157,166
-4,069
| -3% | -$30.6K |
|
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.