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 | |
|---|---|---|---|---|---|---|
3601
Vital Farms
VITL
$545M
| $1.18M | ﹤0.01% |
30,676
+11,512
| +60% | +$389K |
|
3602
Boise Cascade
BCC
$2.69B
| $1.18M | ﹤0.01% |
13,548
-102
| -0.7% | -$9.25K |
|
|
GXDW
3603
Global X Funds Global X Dorsey Wright Thematic ETF
GXDW
$6M
| $1.18M | ﹤0.01% |
45,594
-2,326
| -5% | -$55K |
|
3604
Cavco Industries
CVCO
$4.22B
| $1.17M | ﹤0.01% |
2,697
+570
| +27% | +$267K |
|
3605
Invesco China Technology ETF
CQQQ
$3.03B
| $1.17M | ﹤0.01% |
26,421
-35,481
| -57% | -$1.5M |
|
3606
ClearShares OCIO ETF
OCIO
$166M
| $1.17M | ﹤0.01% |
33,179
+20,913
| +170% | +$705K |
|
3607
Ranger Energy Services
RNGR
$376M
| $1.17M | ﹤0.01% |
97,845
+2,700
| +3% | +$32.4K |
|
3608
Hagerty
HGTY
$1.17B
| $1.17M | ﹤0.01% |
115,483
-135
| -0.1% | -$1.26K |
|
|
SEE
3609
DELISTED
Sealed Air
SEE
| $1.17M | ﹤0.01% |
37,625
-11,635
| -24% | -$346K |
|
|
AFB
3610
AllianceBernstein National Municipal Income Fund
AFB
$313M
| $1.17M | ﹤0.01% |
113,030
-3,089
| -3% | -$31.8K |
|
3611
Cambria Trinity ETF
TRTY
$144M
| $1.16M | ﹤0.01% |
44,313
+2,700
| +6% | +$69.1K |
|
3612
WisdomTree Emerging Markets Efficient Core Fund
NTSE
$53.5M
| $1.16M | ﹤0.01% |
35,045
+1,707
| +5% | +$52.5K |
|
3613
SGHC Ltd
SGHC
$7.11B
| $1.16M | ﹤0.01% |
+105,953
| New | +$897K |
|
|
DFSI
3614
Dimensional International Sustainability Core 1 ETF
DFSI
$1.14B
| $1.16M | ﹤0.01% |
29,482
+4,473
| +18% | +$166K |
|
3615
Peloton Interactive
PTON
$2.77B
| $1.16M | ﹤0.01% |
167,384
+52,678
| +46% | +$342K |
|
3616
Ambarella
AMBA
$3.77B
| $1.16M | ﹤0.01% |
17,551
+4,684
| +36% | +$248K |
|
3617
Napco Security Technologies
NSSC
$1.32B
| $1.16M | ﹤0.01% |
39,009
-3,764
| -9% | -$96.8K |
|
3618
Innovator International Developed Power Buffer ETF July
IJUL
$243M
| $1.15M | ﹤0.01% |
36,112
+15,222
| +73% | +$461K |
|
3619
Universal Corp
UVV
$1.31B
| $1.15M | ﹤0.01% |
19,741
-6,578
| -25% | -$379K |
|
3620
Colterpoint Net Lease Real Estate ETF
NETL
$54.3M
| $1.15M | ﹤0.01% |
47,085
+1,530
| +3% | +$36.8K |
|
3621
AAR Corp
AIR
$5.59B
| $1.15M | ﹤0.01% |
16,704
+1,855
| +12% | +$111K |
|
3622
TTM Technologies
TTMI
$12B
| $1.15M | ﹤0.01% |
28,119
-27,808
| -50% | -$769K |
|
3623
Neogen
NEOG
$2.63B
| $1.15M | ﹤0.01% |
239,953
+47,194
| +24% | +$271K |
|
3624
Popular Inc
BPOP
$11.2B
| $1.15M | ﹤0.01% |
10,403
+288
| +3% | +$28.4K |
|
3625
Hexcel
HXL
$7.79B
| $1.15M | ﹤0.01% |
20,288
-2,915
| -13% | -$154K |
|
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.