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 | |
|---|---|---|---|---|---|---|
3901
FT Vest US Equity Enhance & Moderate Buffer ETF July
XJUL
$42.1M
| $851K | ﹤0.01% |
22,895
+4,271
| +23% | +$153K |
|
3902
AllianzIM U.S. Equity Buffer20 Dec ETF
DECW
$227M
| $849K | ﹤0.01% |
26,862
+14,648
| +120% | +$444K |
|
|
CUK
3903
DELISTED
Carnival PLC
CUK
| $848K | ﹤0.01% |
33,236
+1,556
| +5% | +$30.1K |
|
|
LIF
3904
Life360
LIF
$4.38B
| $845K | ﹤0.01% |
+12,948
| New | +$666K |
|
3905
SP Funds Dow Jones Global Sukuk ETF
SPSK
$650M
| $843K | ﹤0.01% |
46,288
+12,879
| +39% | +$233K |
|
3906
Perimeter Solutions
PRM
$4.99B
| $843K | ﹤0.01% |
60,561
+50,542
| +504% | +$583K |
|
3907
Columbia Short Duration Bond ETF
SBND
$205M
| $842K | ﹤0.01% |
44,712
+8,104
| +22% | +$150K |
|
3908
American Century Mid Cap Growth Impact ETF
MID
$99.5M
| $842K | ﹤0.01% |
12,744
+3,418
| +37% | +$206K |
|
3909
TriNet
TNET
$3.02B
| $840K | ﹤0.01% |
11,481
-132
| -1% | -$10.5K |
|
3910
OneSpaWorld
OSW
$2.61B
| $839K | ﹤0.01% |
41,144
+841
| +2% | +$15.4K |
|
|
JMIA
3911
Jumia Technologies
JMIA
$737M
| $839K | ﹤0.01% |
208,645
+78,616
| +60% | +$222K |
|
3912
Clear Secure
YOU
$5.57B
| $834K | ﹤0.01% |
30,050
+3,308
| +12% | +$84.3K |
|
3913
Mohawk Industries
MHK
$7.5B
| $834K | ﹤0.01% |
7,953
+1,768
| +29% | +$184K |
|
3914
Iovance Biotherapeutics
IOVA
$1.82B
| $833K | ﹤0.01% |
484,327
+107,931
| +29% | +$269K |
|
3915
PUT
RTX Corp
RTX
$290B
| $832K | ﹤0.01% |
5,700
+1,700
| +43% | +$227K |
|
3916
Tenaris
TS
$28.9B
| $829K | ﹤0.01% |
22,179
-350
| -2% | -$12K |
|
|
IBDZ
3917
iShares iBonds Dec 2034 Term Corporate ETF
IBDZ
$866M
| $829K | ﹤0.01% |
31,743
+7,234
| +30% | +$185K |
|
3918
BancFirst
BANF
$3.79B
| $829K | ﹤0.01% |
6,707
+479
| +8% | +$57K |
|
3919
DigitalOcean
DOCN
$13.7B
| $829K | ﹤0.01% |
29,014
+6,200
| +27% | +$181K |
|
3920
CALL
Broadcom
AVGO
$1.85T
| $827K | ﹤0.01% |
+3,000
| New | +$651K |
|
3921
Invesco Global Clean Energy ETF
PBD
$182M
| $826K | ﹤0.01% |
65,588
-2,252
| -3% | -$25.6K |
|
3922
Four Corners Property Trust
FCPT
$2.81B
| $825K | ﹤0.01% |
30,667
+1,725
| +6% | +$47.5K |
|
|
PLYM
3923
DELISTED
Plymouth Industrial REIT
PLYM
| $824K | ﹤0.01% |
51,300
-2,193
| -4% | -$34.3K |
|
3924
Skyward Specialty Insurance
SKWD
$2.43B
| $824K | ﹤0.01% |
14,256
-2,987
| -17% | -$172K |
|
|
AWP
3925
abrdn Global Premier Properties Fund
AWP
$372M
| $824K | ﹤0.01% |
69,343
+4,251
| +7% | +$49.1K |
|
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.