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 | |
|---|---|---|---|---|---|---|
|
PAI
4001
Western Asset Investment Grade Income Fund
PAI
$113M
| $759K | ﹤0.01% |
58,447
+5,168
| +10% | +$63.8K |
|
|
SERV
4002
Serve Robotics
SERV
$407M
| $758K | ﹤0.01% |
66,289
+20,734
| +46% | +$182K |
|
4003
Leggett & Platt
LEG
$1.34B
| $758K | ﹤0.01% |
85,013
+5,311
| +7% | +$45.8K |
|
4004
Vicor
VICR
$9.56B
| $757K | ﹤0.01% |
16,697
+2,810
| +20% | +$126K |
|
4005
iShares MSCI Agriculture Producers ETF
VEGI
$148M
| $756K | ﹤0.01% |
18,786
-84
| -0.4% | -$3.25K |
|
4006
Kemper
KMPR
$1.67B
| $756K | ﹤0.01% |
11,714
-73
| -0.6% | -$4.52K |
|
4007
CONMED
CNMD
$1.39B
| $755K | ﹤0.01% |
14,504
-635
| -4% | -$34.8K |
|
|
SVC
4008
Service Properties Trust
SVC
$1.04B
| $754K | ﹤0.01% |
63,097
+6,432
| +11% | +$69.5K |
|
4009
Americold
COLD
$4.02B
| $753K | ﹤0.01% |
45,271
-16,293
| -26% | -$295K |
|
4010
Peoples Financial Services
PFIS
$704M
| $751K | ﹤0.01% |
15,212
+455
| +3% | +$21.1K |
|
|
ETX
4011
Eaton Vance Municipal Income 2028 Term Trust
ETX
$198M
| $751K | ﹤0.01% |
41,680
+5,082
| +14% | +$91.9K |
|
4012
Nuveen ESG Large-Cap ETF
NULC
$70.5M
| $750K | ﹤0.01% |
15,302
+11
| +0.1% | +$499 |
|
|
EHI
4013
Western Asset Global High Income Fund
EHI
$175M
| $750K | ﹤0.01% |
114,674
+8,338
| +8% | +$53.4K |
|
4014
FlexShares STOXX Global ESG Select Index Fund
ESGG
$111M
| $749K | ﹤0.01% |
3,991
-50
| -1% | -$8.72K |
|
4015
Sylvamo
SLVM
$1.49B
| $747K | ﹤0.01% |
14,915
-768
| -5% | -$43.2K |
|
4016
Seacoast Banking Corp of Florida
SBCF
$3.36B
| $746K | ﹤0.01% |
27,021
+3,527
| +15% | +$87.2K |
|
|
LUCK
4017
Lucky Strike Entertainment
LUCK
$914M
| $746K | ﹤0.01% |
81,677
-157
| -0.2% | -$1.42K |
|
4018
PUT
Alphabet (Google) Class C
GOOG
$4.36T
| $745K | ﹤0.01% |
4,200
+100
| +2% | +$16.5K |
|
4019
Madison Square Garden
MSGS
$9.48B
| $745K | ﹤0.01% |
3,563
+960
| +37% | +$185K |
|
4020
Greene County Bancorp
GCBC
$570M
| $743K | ﹤0.01% |
33,437
-286
| -0.8% | -$6.34K |
|
4021
Kforce
KFRC
$1.02B
| $743K | ﹤0.01% |
18,057
+2,079
| +13% | +$87.2K |
|
4022
Dimensional California Municipal Bond ETF
DFCA
$703M
| $742K | ﹤0.01% |
15,050
+10,400
| +224% | +$511K |
|
4023
AMES National
ATLO
$271M
| $741K | ﹤0.01% |
41,607
-540
| -1% | -$9.39K |
|
|
PMM
4024
Franklin Managed Municipal Income Trust
PMM
$267M
| $740K | ﹤0.01% |
123,806
+8,321
| +7% | +$49.2K |
|
4025
Innovator US Equity Ultra Buffer ETF September
USEP
$148M
| $739K | ﹤0.01% |
20,050
-850
| -4% | -$29.8K |
|
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.