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 | |
|---|---|---|---|---|---|---|
3701
Terreno Realty
TRNO
$7.57B
| $1.06M | ﹤0.01% |
18,958
+746
| +4% | +$42.7K |
|
3702
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
TLTD
$668M
| $1.06M | ﹤0.01% |
12,734
-2,260
| -15% | -$178K |
|
3703
Aegon
AEG
$14B
| $1.06M | ﹤0.01% |
146,760
+62,733
| +75% | +$419K |
|
3704
Freshworks
FRSH
$3.14B
| $1.06M | ﹤0.01% |
71,216
+7,797
| +12% | +$112K |
|
3705
CorVel
CRVL
$3.06B
| $1.06M | ﹤0.01% |
10,331
-1,020
| -9% | -$112K |
|
|
PDM
3706
Piedmont Realty Trust
PDM
$1.21B
| $1.06M | ﹤0.01% |
144,934
+8,543
| +6% | +$59K |
|
3707
Twist Bioscience
TWST
$5.7B
| $1.06M | ﹤0.01% |
28,714
-436
| -1% | -$15.1K |
|
3708
Belpointe PREP
OZ
$175M
| $1.05M | ﹤0.01% |
16,478
| – | – |
|
3709
Blackbaud
BLKB
$1.94B
| $1.05M | ﹤0.01% |
16,414
+952
| +6% | +$59.5K |
|
3710
Nuveen Municipal Credit Opportunities Fund
NMCO
$578M
| $1.05M | ﹤0.01% |
98,180
-1,372
| -1% | -$14.2K |
|
3711
WisdomTree Europe SmallCap Dividend Fund
DFE
$166M
| $1.05M | ﹤0.01% |
15,015
+9,619
| +178% | +$634K |
|
3712
Advance Auto Parts
AAP
$3.35B
| $1.05M | ﹤0.01% |
22,577
-3,884
| -15% | -$156K |
|
3713
Innovator US Equity Ultra Buffer ETF June
UJUN
$185M
| $1.05M | ﹤0.01% |
29,466
+76
| +0.3% | +$2.57K |
|
|
WINC
3714
DELISTED
Western Asset Short Duration Income ETF
WINC
| $1.05M | ﹤0.01% |
43,224
-2,940
| -6% | -$70.9K |
|
|
IDE
3715
Voya Infrastructure, Industrials and Materials Fund
IDE
$199M
| $1.05M | ﹤0.01% |
89,748
+5,099
| +6% | +$55.3K |
|
3716
Victory Capital Holdings
VCTR
$6.19B
| $1.05M | ﹤0.01% |
16,465
-13,640
| -45% | -$821K |
|
3717
SiTime
SITM
$16B
| $1.05M | ﹤0.01% |
4,916
+889
| +22% | +$161K |
|
3718
Invesco WilderHill Clean Energy ETF
PBW
$407M
| $1.05M | ﹤0.01% |
52,579
+2,896
| +6% | +$49.8K |
|
3719
AdvisorShares Insider Advantage ETF
SURE
$56.6M
| $1.05M | ﹤0.01% |
8,912
-291
| -3% | -$32.4K |
|
3720
Pampa Energía
PAM
$4.75B
| $1.05M | ﹤0.01% |
15,082
+8,362
| +124% | +$627K |
|
3721
CGI
GIB
$15.1B
| $1.05M | ﹤0.01% |
9,981
+320
| +3% | +$33.7K |
|
3722
Innovator S&P Investment Grade Preferred ETF
EPRF
$68.8M
| $1.05M | ﹤0.01% |
59,346
+1,940
| +3% | +$33.9K |
|
3723
Cognex
CGNX
$10.9B
| $1.05M | ﹤0.01% |
32,976
-13,111
| -28% | -$376K |
|
|
PCM
3724
PCM Fund
PCM
$69.3M
| $1.05M | ﹤0.01% |
165,184
+142,414
| +625% | +$889K |
|
3725
Arrow Dow Jones Global Yield ETF
GYLD
$36.8M
| $1.04M | ﹤0.01% |
79,419
+45,123
| +132% | +$577K |
|
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.