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 | |
|---|---|---|---|---|---|---|
3676
iShares Global Timber & Forestry ETF
WOOD
$268M
| $1.08M | ﹤0.01% |
14,781
-660
| -4% | -$48.2K |
|
3677
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF
QARP
$76.4M
| $1.08M | ﹤0.01% |
20,162
+3,610
| +22% | +$185K |
|
3678
Toews Agility Shares Dynamic Tactical Income ETF
THY
$87M
| $1.08M | ﹤0.01% |
48,304
-4,085
| -8% | -$90.1K |
|
3679
Dimensional Ultrashort Fixed Income ETF
DUSB
$2.2B
| $1.08M | ﹤0.01% |
21,348
+15,943
| +295% | +$809K |
|
3680
Hawkins
HWKN
$2.67B
| $1.08M | ﹤0.01% |
7,598
+4,367
| +135% | +$550K |
|
3681
Portillo's
PTLO
$331M
| $1.08M | ﹤0.01% |
92,460
+8,725
| +10% | +$101K |
|
3682
Franklin Systematic Style Premia ETF
FLSP
$1.04B
| $1.08M | ﹤0.01% |
44,758
+10,423
| +30% | +$252K |
|
3683
PUT
Alibaba
BABA
$293B
| $1.08M | ﹤0.01% |
9,500
-8,100
| -46% | -$959K |
|
3684
Stratasys
SSYS
$679M
| $1.08M | ﹤0.01% |
93,856
+5,538
| +6% | +$56.2K |
|
3685
FT Vest US Equity Moderate Buffer ETF October
GOCT
$263M
| $1.08M | ﹤0.01% |
29,438
+6,031
| +26% | +$210K |
|
3686
Cabot Corp
CBT
$4.54B
| $1.07M | ﹤0.01% |
14,328
-160
| -1% | -$12.2K |
|
3687
CRA International
CRAI
$1.16B
| $1.07M | ﹤0.01% |
5,733
+304
| +6% | +$54.3K |
|
3688
Upbound Group
UPBD
$1.13B
| $1.07M | ﹤0.01% |
42,795
+16,510
| +63% | +$386K |
|
3689
Burford Capital
BUR
$903M
| $1.07M | ﹤0.01% |
75,289
+1,914
| +3% | +$25K |
|
3690
DoubleLine Opportunistic Bond ETF
DBND
$736M
| $1.07M | ﹤0.01% |
23,197
+3,323
| +17% | +$152K |
|
3691
Southwest Gas
SWX
$6.47B
| $1.07M | ﹤0.01% |
14,403
+1,328
| +10% | +$95.7K |
|
3692
Warrior Met Coal
HCC
$4.19B
| $1.07M | ﹤0.01% |
23,366
+10,072
| +76% | +$467K |
|
3693
iShares Government/Credit Bond ETF
GBF
$133M
| $1.07M | ﹤0.01% |
10,234
-1,766
| -15% | -$182K |
|
3694
AZZ Inc
AZZ
$4.35B
| $1.07M | ﹤0.01% |
11,309
-810
| -7% | -$71.5K |
|
3695
Sarepta Therapeutics
SRPT
$1.57B
| $1.07M | ﹤0.01% |
62,424
+18,726
| +43% | +$799K |
|
3696
SLR Investment Corp
SLRC
$686M
| $1.07M | ﹤0.01% |
66,132
+17,627
| +36% | +$282K |
|
3697
Harley-Davidson
HOG
$2.58B
| $1.07M | ﹤0.01% |
45,214
-4,474
| -9% | -$106K |
|
3698
Invesco DB Energy Fund
DBE
$90.6M
| $1.07M | ﹤0.01% |
57,240
-36,892
| -39% | -$667K |
|
3699
PUT
Visa
V
$684B
| $1.07M | ﹤0.01% |
3,000
| – | – |
|
3700
PGIM Active Aggregate Bond ETF
PAB
$69.4M
| $1.06M | ﹤0.01% |
25,030
+11,561
| +86% | +$485K |
|
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.