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 | |
|---|---|---|---|---|---|---|
4101
Coty
COTY
$2.42B
| $685K | ﹤0.01% |
147,404
+19,859
| +16% | +$98.3K |
|
4102
CareDx
CDNA
$2.26B
| $685K | ﹤0.01% |
35,077
-347
| -1% | -$6.17K |
|
4103
La-Z-Boy
LZB
$1.58B
| $685K | ﹤0.01% |
18,439
-1,628
| -8% | -$65.1K |
|
4104
PUT
Hewlett Packard
HPE
$63.4B
| $685K | ﹤0.01% |
+33,500
| New | +$562K |
|
|
ALEX
4105
DELISTED
Alexander & Baldwin
ALEX
| $685K | ﹤0.01% |
38,409
-1,001
| -3% | -$17.4K |
|
4106
Box
BOX
$4.37B
| $684K | ﹤0.01% |
20,011
+857
| +4% | +$28.1K |
|
4107
Arvinas
ARVN
$518M
| $684K | ﹤0.01% |
92,895
+37,027
| +66% | +$273K |
|
|
VWID
4108
DELISTED
Virtus WMC International Dividend ETF
VWID
| $683K | ﹤0.01% |
21,457
+3,509
| +20% | +$108K |
|
4109
Innovator US Equity Buffer ETF June
BJUN
$315M
| $682K | ﹤0.01% |
15,593
+2,176
| +16% | +$89.7K |
|
4110
Arrowhead Research
ARWR
$11.9B
| $682K | ﹤0.01% |
43,168
+15,763
| +58% | +$226K |
|
4111
Mercantile Bank Corp
MBWM
$1.04B
| $681K | ﹤0.01% |
14,674
+661
| +5% | +$28.6K |
|
|
HEAL
4112
Global X Funds Global X HealthTech ETF
HEAL
$28.5M
| $678K | ﹤0.01% |
20,726
+1,910
| +10% | +$57.7K |
|
4113
Patterson-UTI
PTEN
$3.98B
| $677K | ﹤0.01% |
114,164
-7,776
| -6% | -$46.8K |
|
4114
Affiliated Managers Group
AMG
$9.69B
| $677K | ﹤0.01% |
3,441
-1,224
| -26% | -$212K |
|
|
LEO
4115
BNY Mellon Strategic Municipals
LEO
$383M
| $677K | ﹤0.01% |
114,279
-18,600
| -14% | -$109K |
|
4116
Sabesp
SBS
$19.1B
| $677K | ﹤0.01% |
158,785
+93,117
| +142% | +$360K |
|
4117
MYR Group
MYRG
$5.19B
| $675K | ﹤0.01% |
3,719
-4,048
| -52% | -$595K |
|
4118
FTI Consulting
FCN
$4.4B
| $675K | ﹤0.01% |
4,178
+718
| +21% | +$117K |
|
|
GRW
4119
TCW ETF Trust TCW Durable Growth ETF
GRW
$65M
| $674K | ﹤0.01% |
19,243
+1,306
| +7% | +$43.8K |
|
4120
Hawaiian Electric Industries
HE
$2.23B
| $673K | ﹤0.01% |
63,332
+16,250
| +35% | +$170K |
|
4121
Stellus Capital Investment Corp
SCM
$217M
| $670K | ﹤0.01% |
48,092
+7,268
| +18% | +$96K |
|
4122
OR Royalties Inc
OR
$5.58B
| $669K | ﹤0.01% |
26,019
-1,282
| -5% | -$30.9K |
|
4123
Mesa Laboratories
MLAB
$557M
| $668K | ﹤0.01% |
7,088
+106
| +2% | +$11.6K |
|
4124
Consolidated Water Co
CWCO
$467M
| $667K | ﹤0.01% |
22,215
+694
| +3% | +$18K |
|
4125
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
SIXO
$123M
| $667K | ﹤0.01% |
20,138
+7,199
| +56% | +$230K |
|
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.