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 | |
|---|---|---|---|---|---|---|
3776
Ionis Pharmaceuticals
IONS
$8.6B
| $983K | ﹤0.01% |
24,872
+906
| +4% | +$29.6K |
|
|
KREF
3777
KKR Real Estate Finance Trust
KREF
$448M
| $981K | ﹤0.01% |
111,865
+1,113
| +1% | +$10.2K |
|
3778
Xtrackers Low Beta High Yield Bond ETF
HYDW
$65.2M
| $979K | ﹤0.01% |
20,695
+2,806
| +16% | +$130K |
|
|
JNPR
3779
DELISTED
Juniper Networks
JNPR
| $978K | ﹤0.01% |
24,495
-8,658
| -26% | -$310K |
|
|
PLGO
3780
Pelagos Insurance Capital
PLGO
$2.16B
| $978K | ﹤0.01% |
+58,958
| New | +$977K |
|
3781
Climb Global Solutions
CLMB
$500M
| $977K | ﹤0.01% |
36,572
+96
| +0.3% | +$2.53K |
|
3782
Erie Indemnity
ERIE
$12.7B
| $974K | ﹤0.01% |
2,809
-1,895
| -40% | -$703K |
|
3783
Plexus
PLXS
$6.72B
| $973K | ﹤0.01% |
7,192
+2,892
| +67% | +$371K |
|
|
HIO
3784
Western Asset High Income Opportunity Fund
HIO
$336M
| $973K | ﹤0.01% |
244,506
+107,518
| +78% | +$413K |
|
3785
Bread Financial
BFH
$4.37B
| $973K | ﹤0.01% |
17,027
-2,406
| -12% | -$121K |
|
3786
Mirion Technologies
MIR
$3.73B
| $973K | ﹤0.01% |
45,170
-3,648
| -7% | -$62.9K |
|
3787
Direxion Daily Technology Bull 3x ETF
TECL
$5.08B
| $970K | ﹤0.01% |
10,370
+4,269
| +70% | +$282K |
|
3788
California Water Service
CWT
$3.1B
| $970K | ﹤0.01% |
21,329
-1,030
| -5% | -$49.3K |
|
3789
Utz Brands
UTZ
$1.25B
| $968K | ﹤0.01% |
77,116
+11,782
| +18% | +$154K |
|
3790
Tencent Music
TME
$15.5B
| $968K | ﹤0.01% |
49,646
-25,028
| -34% | -$393K |
|
3791
Barron's 400 ETF
BFOR
$231M
| $967K | ﹤0.01% |
50,208
-516
| -1% | -$9.22K |
|
3792
Fresenius Medical Care
FMS
$13.8B
| $965K | ﹤0.01% |
+33,780
| New | +$907K |
|
3793
Invesco S&P SmallCap Energy ETF
PSCE
$98.6M
| $964K | ﹤0.01% |
24,805
+4,087
| +20% | +$153K |
|
3794
Alkermes
ALKS
$8.22B
| $963K | ﹤0.01% |
33,663
+6,512
| +24% | +$194K |
|
3795
Liberty Energy
LBRT
$3.05B
| $961K | ﹤0.01% |
83,741
+35,054
| +72% | +$425K |
|
3796
AllianzIM U.S. Equity Buffer10 Jul ETF
JULT
$58.7M
| $961K | ﹤0.01% |
23,023
+13,825
| +150% | +$539K |
|
3797
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$141M
| $960K | ﹤0.01% |
89,014
+5,007
| +6% | +$54.2K |
|
3798
SL Green Realty
SLG
$3.76B
| $956K | ﹤0.01% |
15,448
-2,395
| -13% | -$137K |
|
3799
SGI Dynamic Tactical ETF
DYTA
$104M
| $956K | ﹤0.01% |
34,078
-1,707
| -5% | -$46.8K |
|
3800
Innovator US Equity Ultra Buffer ETF May
UMAY
$139M
| $955K | ﹤0.01% |
27,484
+1,237
| +5% | +$41.6K |
|
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.