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 | |
|---|---|---|---|---|---|---|
|
NRO
3926
Neuberger Real Estate Securities Income Fund Inc
NRO
$191M
| $822K | ﹤0.01% |
255,414
+1,106
| +0.4% | +$3.5K |
|
3927
Global X Aging Population ETF
AGNG
$87.4M
| $822K | ﹤0.01% |
25,746
-1,415
| -5% | -$43.7K |
|
3928
Fox Factory Holding Corp
FOXF
$755M
| $820K | ﹤0.01% |
31,595
+4,052
| +15% | +$94.9K |
|
3929
Strive Emerging Markets ex-China ETF
STXE
$136M
| $819K | ﹤0.01% |
26,399
+1,598
| +6% | +$46K |
|
3930
HNI Corp
HNI
$3.24B
| $818K | ﹤0.01% |
16,640
-28
| -0.2% | -$1.27K |
|
3931
Stewart Information Services
STC
$2.06B
| $816K | ﹤0.01% |
12,534
-1,147
| -8% | -$73.7K |
|
|
JOYY
3932
JOYY Inc
JOYY
$3.71B
| $815K | ﹤0.01% |
16,009
+1,628
| +11% | +$72.2K |
|
|
QVMS
3933
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$251M
| $815K | ﹤0.01% |
31,668
+423
| +1% | +$10.3K |
|
3934
FT Vest US Equity Max Buffer ETF March
MARM
$108M
| $814K | ﹤0.01% |
25,343
+1,901
| +8% | +$60K |
|
|
SOBO
3935
South Bow Corp
SOBO
$7.74B
| $814K | ﹤0.01% |
31,400
+14,241
| +83% | +$362K |
|
3936
PIMCO RAFI Dynamic Multi-Factor US Equity ETF
MFUS
$295M
| $814K | ﹤0.01% |
15,221
+7,596
| +100% | +$382K |
|
3937
State Street SPDR S&P China ETF
GXC
$462M
| $812K | ﹤0.01% |
9,278
+2,005
| +28% | +$168K |
|
3938
JPMorgan USD Emerging Markets Sovereign Bond ETF
JPMB
$67.2M
| $811K | ﹤0.01% |
20,820
-231,416
| -92% | -$8.79M |
|
3939
Sprott Junior Uranium Miners ETF
URNJ
$313M
| $811K | ﹤0.01% |
38,373
+14,424
| +60% | +$241K |
|
3940
Silicon Motion
SIMO
$8.6B
| $810K | ﹤0.01% |
10,772
+1,814
| +20% | +$103K |
|
3941
ImmunityBio
IBRX
$7.51B
| $809K | ﹤0.01% |
306,503
+111,357
| +57% | +$299K |
|
3942
Fox Class B
FOX
$21.8B
| $804K | ﹤0.01% |
15,581
+10,765
| +224% | +$524K |
|
3943
Extreme Networks
EXTR
$3.94B
| $804K | ﹤0.01% |
44,769
-997
| -2% | -$14.7K |
|
3944
PUT
Netflix
NFLX
$299B
| $803K | ﹤0.01% |
+6,000
| New | +$678K |
|
3945
Invesco Municipal Income Opportunities Trust
OIA
$289M
| $803K | ﹤0.01% |
139,733
+23,108
| +20% | +$133K |
|
|
BPMC
3946
DELISTED
Blueprint Medicines
BPMC
| $803K | ﹤0.01% |
6,261
-9,944
| -61% | -$1.03M |
|
|
ASM
3947
Avino Silver & Gold Mines
ASM
$934M
| $802K | ﹤0.01% |
222,795
+166,951
| +299% | +$449K |
|
3948
Union Bankshares
UNB
$106M
| $802K | ﹤0.01% |
30,116
-4,345
| -13% | -$132K |
|
3949
First Trust Eurozone AlphaDEX
FEUZ
$136M
| $801K | ﹤0.01% |
14,502
+2,184
| +18% | +$111K |
|
3950
UWM Holdings
UWMC
$617M
| $801K | ﹤0.01% |
193,442
-27,539
| -12% | -$121K |
|
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.