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 | |
|---|---|---|---|---|---|---|
|
CET
3801
Central Securities Corp
CET
$1.58B
| $955K | ﹤0.01% |
19,950
+8,420
| +73% | +$382K |
|
3802
iShares Genomics Immunology and Healthcare ETF
IDNA
$191M
| $954K | ﹤0.01% |
46,533
+4,741
| +11% | +$95.5K |
|
|
EOT
3803
Eaton Vance National Municipal Opportunities Trust
EOT
$270M
| $954K | ﹤0.01% |
58,727
+1,712
| +3% | +$27.9K |
|
3804
KB Financial Group
KB
$41.4B
| $951K | ﹤0.01% |
11,519
+7,147
| +163% | +$483K |
|
3805
StepStone Group
STEP
$3.61B
| $951K | ﹤0.01% |
17,138
-4
| -0% | -$214 |
|
3806
CVR Partners
UAN
$1.36B
| $947K | ﹤0.01% |
10,658
-729
| -6% | -$58.7K |
|
3807
Rush Enterprises Class A
RUSHA
$6.2B
| $945K | ﹤0.01% |
18,343
-1,483
| -7% | -$75.3K |
|
3808
WPP
WPP
$4.36B
| $943K | ﹤0.01% |
26,926
-2,638
| -9% | -$98.9K |
|
3809
BlueLinx
BXC
$422M
| $942K | ﹤0.01% |
12,660
+9,970
| +371% | +$697K |
|
3810
OneAscent Large Cap Core ETF
OALC
$246M
| $941K | ﹤0.01% |
29,011
+5,763
| +25% | +$171K |
|
3811
iShares MSCI Saudi Arabia ETF
KSA
$623M
| $941K | ﹤0.01% |
24,413
-322
| -1% | -$12.6K |
|
|
JUNM
3812
FT Vest U.S. Equity Max Buffer ETF - June
JUNM
$66.8M
| $941K | ﹤0.01% |
28,260
+15,312
| +118% | +$489K |
|
|
PEO
3813
Adams Natural Resources Fund
PEO
$739M
| $940K | ﹤0.01% |
43,967
+9,725
| +28% | +$200K |
|
3814
Wayfair
W
$11.2B
| $938K | ﹤0.01% |
18,340
-2,179
| -11% | -$81.3K |
|
|
TBLU
3815
Tortoise Global Water ETF
TBLU
$57M
| $937K | ﹤0.01% |
17,700
+1,153
| +7% | +$57.6K |
|
|
PMF
3816
DELISTED
PIMCO Municipal Income Fund
PMF
| $935K | ﹤0.01% |
117,191
+64,737
| +123% | +$522K |
|
3817
Huron Consulting
HURN
$2.41B
| $933K | ﹤0.01% |
6,780
+2,330
| +52% | +$331K |
|
3818
Distribution Solutions Group
DSGR
$1.6B
| $930K | ﹤0.01% |
33,859
+650
| +2% | +$17.4K |
|
3819
Frontline
FRO
$8.76B
| $930K | ﹤0.01% |
56,657
-26,599
| -32% | -$451K |
|
3820
FlexShares Core Select Bond Fund
BNDC
$167M
| $929K | ﹤0.01% |
41,743
-9,382
| -18% | -$206K |
|
3821
Norwood Financial Corp
NWFL
$370M
| $929K | ﹤0.01% |
36,051
+18,275
| +103% | +$458K |
|
|
GLXY
3822
Galaxy Digital Inc
GLXY
$4.02B
| $926K | ﹤0.01% |
+42,262
| New | +$858K |
|
3823
PUT
Walmart Inc
WMT
$885B
| $919K | ﹤0.01% |
9,400
+900
| +11% | +$85.7K |
|
3824
LeMaitre Vascular
LMAT
$2.32B
| $919K | ﹤0.01% |
11,062
+1,905
| +21% | +$159K |
|
|
DHF
3825
BNY Mellon High Yield Strategies Fund
DHF
$171M
| $918K | ﹤0.01% |
352,968
+24,845
| +8% | +$61.5K |
|
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.