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 | |
|---|---|---|---|---|---|---|
3651
NIO
NIO
$12.2B
| $1.12M | ﹤0.01% |
325,372
+22,532
| +7% | +$84K |
|
3652
FT Vest US Equity Deep Buffer ETF March
DMAR
$454M
| $1.12M | ﹤0.01% |
28,201
+6,999
| +33% | +$267K |
|
3653
Innovator US Equity Buffer ETF February
BFEB
$254M
| $1.12M | ﹤0.01% |
24,982
+2,916
| +13% | +$123K |
|
|
TWFG
3654
TWFG Inc
TWFG
$348M
| $1.11M | ﹤0.01% |
31,837
+1,108
| +4% | +$36.9K |
|
3655
Zai Lab
ZLAB
$2.06B
| $1.11M | ﹤0.01% |
31,864
+7,555
| +31% | +$248K |
|
3656
Sanmina
SANM
$9.95B
| $1.11M | ﹤0.01% |
11,375
-9,956
| -47% | -$823K |
|
|
MUE
3657
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
| $1.11M | ﹤0.01% |
116,034
-9,087
| -7% | -$87.3K |
|
3658
CoreCivic
CXW
$2.96B
| $1.11M | ﹤0.01% |
52,754
+7,002
| +15% | +$151K |
|
|
FIXT
3659
TCW Core Plus Bond ETF
FIXT
$224M
| $1.11M | ﹤0.01% |
+29,033
| New | +$1.1M |
|
|
GAM
3660
General American Investors Company
GAM
$1.56B
| $1.11M | ﹤0.01% |
19,773
+6,360
| +47% | +$332K |
|
3661
Innovator US Small Cap Power Buffer ETF October
KOCT
$140M
| $1.11M | ﹤0.01% |
36,330
+4,507
| +14% | +$132K |
|
3662
Core & Main
CNM
$8.23B
| $1.11M | ﹤0.01% |
18,356
+5,561
| +43% | +$297K |
|
3663
Spire
SR
$4.72B
| $1.11M | ﹤0.01% |
15,175
-150
| -1% | -$11.2K |
|
3664
JPMorgan Sustainable Municipal Income ETF
JMSI
$386M
| $1.11M | ﹤0.01% |
22,411
+4,007
| +22% | +$197K |
|
3665
Innovative Solutions & Support
ISSC
$327M
| $1.11M | ﹤0.01% |
+79,625
| New | +$723K |
|
3666
NOV
NOV
$6.93B
| $1.1M | ﹤0.01% |
88,756
+4,721
| +6% | +$59.5K |
|
3667
Weatherford International
WFRD
$6.29B
| $1.1M | ﹤0.01% |
21,926
+5,263
| +32% | +$244K |
|
|
CFLT
3668
DELISTED
Confluent
CFLT
| $1.1M | ﹤0.01% |
44,165
-13,338
| -23% | -$301K |
|
3669
Credicorp
BAP
$31.8B
| $1.1M | ﹤0.01% |
4,902
+319
| +7% | +$64.7K |
|
|
NBXG
3670
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.16B
| $1.09M | ﹤0.01% |
74,981
-740
| -1% | -$9.49K |
|
|
ZHOG
3671
F/M Opportunistic Income ETF
ZHOG
$45.8M
| $1.09M | ﹤0.01% |
21,042
-808
| -4% | -$41.4K |
|
|
UCB
3672
United Community Banks
UCB
$4.24B
| $1.09M | ﹤0.01% |
36,617
-2,688
| -7% | -$74.7K |
|
3673
PUT
Salesforce
CRM
$151B
| $1.09M | ﹤0.01% |
4,000
+400
| +11% | +$107K |
|
3674
The 3D Printing ETF
PRNT
$59.5M
| $1.09M | ﹤0.01% |
49,804
+5,768
| +13% | +$117K |
|
3675
Bitwise Crypto Industry Innovators ETF
BITQ
$379M
| $1.09M | ﹤0.01% |
55,089
+4
| +0% | +$62 |
|
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.