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 | |
|---|---|---|---|---|---|---|
|
PPBI
3976
DELISTED
Pacific Premier Bancorp
PPBI
| $780K | ﹤0.01% |
36,983
+13,369
| +57% | +$278K |
|
3977
Camtek
CAMT
$6.18B
| $780K | ﹤0.01% |
9,223
-248
| -3% | -$16.7K |
|
3978
iShares Global Equity Factor ETF
GLOF
$216M
| $780K | ﹤0.01% |
16,174
+722
| +5% | +$32.3K |
|
3979
Ouster
OUST
$2.63B
| $779K | ﹤0.01% |
32,131
+8,807
| +38% | +$107K |
|
3980
Leuthold Core ETF
LCR
$67.2M
| $779K | ﹤0.01% |
21,527
-4,350
| -17% | -$151K |
|
|
FEOE
3981
First Eagle Overseas Equity ETF
FEOE
$1.56B
| $776K | ﹤0.01% |
+18,448
| New | +$743K |
|
3982
iShares MSCI Chile ETF
ECH
$1.01B
| $776K | ﹤0.01% |
24,660
+13,242
| +116% | +$412K |
|
3983
Benchmark Electronics
BHE
$2.87B
| $775K | ﹤0.01% |
19,958
+1,405
| +8% | +$51.4K |
|
|
MQT
3984
DELISTED
BlackRock MuniYield Quality Fund II
MQT
| $774K | ﹤0.01% |
80,329
-1,828
| -2% | -$17.6K |
|
3985
Franklin Electric
FELE
$4.63B
| $774K | ﹤0.01% |
8,628
+516
| +6% | +$45.2K |
|
3986
Galectin Therapeutics
GALT
$196M
| $774K | ﹤0.01% |
366,978
+173,500
| +90% | +$260K |
|
3987
Full House Resorts
FLL
$80.1M
| $773K | ﹤0.01% |
211,311
+67,040
| +46% | +$225K |
|
|
HUT
3988
Hut 8
HUT
$12.1B
| $773K | ﹤0.01% |
41,579
+8,641
| +26% | +$129K |
|
3989
Rayonier
RYN
$6.55B
| $772K | ﹤0.01% |
36,527
+3,995
| +12% | +$91.2K |
|
3990
First Trust United Kingdom AlphaDEX Fund
FKU
$38.7M
| $771K | ﹤0.01% |
+16,440
| New | +$716K |
|
3991
TFI International
TFII
$11.1B
| $770K | ﹤0.01% |
8,591
-3,049
| -26% | -$258K |
|
3992
DiaMedica Therapeutics
DMAC
$342M
| $770K | ﹤0.01% |
197,500
+42,200
| +27% | +$165K |
|
3993
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$741M
| $770K | ﹤0.01% |
19,070
+4,320
| +29% | +$168K |
|
3994
New England Realty Associates
NEN
$195M
| $768K | ﹤0.01% |
10,503
+476
| +5% | +$36.3K |
|
3995
The Greenbrier Companies
GBX
$1.52B
| $768K | ﹤0.01% |
16,672
+1,973
| +13% | +$88.3K |
|
3996
Ingles Markets
IMKTA
$1.71B
| $767K | ﹤0.01% |
12,099
+214
| +2% | +$13.3K |
|
3997
Sphere Entertainment
SPHR
$5.14B
| $765K | ﹤0.01% |
18,310
+4,444
| +32% | +$150K |
|
3998
CALL
Salesforce
CRM
$151B
| $764K | ﹤0.01% |
2,800
+800
| +40% | +$214K |
|
|
ABOT
3999
Abacus FCF Innovation Leaders ETF
ABOT
$4.05M
| $761K | ﹤0.01% |
19,695
-3,048
| -13% | -$109K |
|
4000
Touchstone Dynamic International ETF
TDI
$405M
| $761K | ﹤0.01% |
22,386
+1,459
| +7% | +$45.8K |
|
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.