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 | |
|---|---|---|---|---|---|---|
3876
Winmark
WINA
$1.2B
| $874K | ﹤0.01% |
2,314
-235
| -9% | -$90.8K |
|
3877
Dimensional Emerging Markets Value ETF
DFEV
$1.93B
| $872K | ﹤0.01% |
29,079
+7,764
| +36% | +$216K |
|
3878
Kennametal
KMT
$2.59B
| $871K | ﹤0.01% |
37,938
+4,938
| +15% | +$103K |
|
3879
AdvisorShares Pure US Cannabis ETF
MSOS
$858M
| $870K | ﹤0.01% |
361,160
-33,624
| -9% | -$82.7K |
|
3880
TORM
TRMD
$3.1B
| $867K | ﹤0.01% |
52,052
-9,955
| -16% | -$166K |
|
3881
Invesco Oil & Gas Services ETF
PXJ
$65.9M
| $867K | ﹤0.01% |
36,418
-10,110
| -22% | -$235K |
|
3882
EnerSys
ENS
$6.78B
| $866K | ﹤0.01% |
10,091
+511
| +5% | +$44.6K |
|
|
EMTL
3883
DELISTED
State Street DoubleLine Emerging Markets Fixed Income ETF
EMTL
| $865K | ﹤0.01% |
20,032
-707
| -3% | -$30.1K |
|
3884
WisdomTree
WT
$2.96B
| $863K | ﹤0.01% |
74,955
+23,902
| +47% | +$224K |
|
|
EVG
3885
Eaton Vance Short Duration Diversified Income Fund
EVG
$141M
| $863K | ﹤0.01% |
78,196
-210,281
| -73% | -$2.27M |
|
|
ETH
3886
Grayscale Ethereum Staking Mini ETF Shares
ETH
$1.7B
| $862K | ﹤0.01% |
36,346
-1,260
| -3% | -$26.1K |
|
3887
Garrett Motion
GTX
$5.81B
| $861K | ﹤0.01% |
81,955
+63,719
| +349% | +$641K |
|
3888
Arrow Electronics
ARW
$11.1B
| $861K | ﹤0.01% |
6,759
-27,627
| -80% | -$3.17M |
|
3889
Trinity Industries
TRN
$2.49B
| $861K | ﹤0.01% |
31,881
+518
| +2% | +$13.4K |
|
3890
DHT Holdings
DHT
$2.99B
| $861K | ﹤0.01% |
79,611
-3,840
| -5% | -$42.3K |
|
3891
Principal Investment Grade Corporate Active ETF
IG
$198M
| $858K | ﹤0.01% |
41,241
+95
| +0.2% | +$1.94K |
|
3892
iShares Global Consumer Discretionary ETF
RXI
$260M
| $858K | ﹤0.01% |
4,557
-161
| -3% | -$29.3K |
|
|
RMM
3893
RiverNorth Managed Duration Municipal Income Fund
RMM
$283M
| $857K | ﹤0.01% |
63,911
-15,263
| -19% | -$208K |
|
3894
GraniteShares Nasdaq Select Disruptors ETF
DRUP
$48.6M
| $856K | ﹤0.01% |
13,748
+1,014
| +8% | +$56.9K |
|
|
CSGS
3895
DELISTED
CSG Systems International
CSGS
| $853K | ﹤0.01% |
13,056
-4,152
| -24% | -$259K |
|
3896
Fortuna Silver Mines
FSM
$2.55B
| $853K | ﹤0.01% |
130,360
+75,296
| +137% | +$466K |
|
3897
Cass Information Systems
CASS
$714M
| $852K | ﹤0.01% |
19,618
+1,776
| +10% | +$74.2K |
|
|
EDGU
3898
3EDGE Dynamic US Equity ETF
EDGU
$149M
| $852K | ﹤0.01% |
+32,744
| New | +$800K |
|
3899
Summit Therapeutics
SMMT
$10.4B
| $851K | ﹤0.01% |
40,005
+26,545
| +197% | +$605K |
|
3900
Qiagen
QGEN
$8.54B
| $851K | ﹤0.01% |
17,704
+3,449
| +24% | +$150K |
|
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.