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 | |
|---|---|---|---|---|---|---|
4126
Worthington Enterprises
WOR
$2.77B
| $666K | ﹤0.01% |
10,465
+1,907
| +22% | +$106K |
|
|
CEV
4127
Eaton Vance California Municipal Income Trust
CEV
$70.7M
| $665K | ﹤0.01% |
68,659
+19,210
| +39% | +$186K |
|
4128
Southside Bancshares
SBSI
$967M
| $665K | ﹤0.01% |
22,582
-2,801
| -11% | -$79.4K |
|
4129
Westlake Chemical Partners
WLKP
$763M
| $664K | ﹤0.01% |
30,076
+301
| +1% | +$6.82K |
|
|
KLG
4130
DELISTED
WK Kellogg Co
KLG
| $664K | ﹤0.01% |
41,671
-29,354
| -41% | -$511K |
|
|
FPWR
4131
First Trust EIP Power Solutions ETF
FPWR
$27.8M
| $664K | ﹤0.01% |
+20,891
| New | +$643K |
|
4132
Byrna Technologies
BYRN
$103M
| $663K | ﹤0.01% |
+21,480
| New | +$525K |
|
4133
Ormat Technologies
ORA
$6B
| $663K | ﹤0.01% |
7,910
-80
| -1% | -$5.98K |
|
4134
Global X Guru Index ETF
GURU
$61.3M
| $662K | ﹤0.01% |
12,346
+7,714
| +167% | +$384K |
|
4135
NCR Atleos
NATL
$3.47B
| $662K | ﹤0.01% |
23,202
+1,914
| +9% | +$51.6K |
|
4136
ManpowerGroup
MAN
$2.44B
| $661K | ﹤0.01% |
+16,363
| New | +$715K |
|
4137
Barrett Business Services
BBSI
$959M
| $660K | ﹤0.01% |
15,834
-409
| -3% | -$16.8K |
|
4138
Energy Fuels
UUUU
$2.86B
| $658K | ﹤0.01% |
114,416
-6,382
| -5% | -$30.6K |
|
4139
New York Times
NYT
$12.1B
| $657K | ﹤0.01% |
11,737
+2,788
| +31% | +$148K |
|
4140
Green Brick Partners
GRBK
$3.04B
| $656K | ﹤0.01% |
10,430
+2,002
| +24% | +$119K |
|
4141
PUT
UnitedHealth
UNH
$376B
| $655K | ﹤0.01% |
+2,100
| New | +$803K |
|
|
ACLX
4142
DELISTED
Arcellx
ACLX
| $655K | ﹤0.01% |
9,946
+392
| +4% | +$24.4K |
|
4143
Cytokinetics
CYTK
$10.5B
| $653K | ﹤0.01% |
19,778
+4,917
| +33% | +$171K |
|
|
JULM
4144
FT Vest U.S. Equity Max Buffer ETF - July
JULM
$26.9M
| $653K | ﹤0.01% |
20,057
+7,570
| +61% | +$240K |
|
4145
Dimensional Inflation-Protected Securities ETF
DFIP
$1.11B
| $652K | ﹤0.01% |
15,604
+582
| +4% | +$24.2K |
|
4146
Cable One
CABO
$227M
| $652K | ﹤0.01% |
4,802
+2,530
| +111% | +$475K |
|
4147
PUT
Southern Company
SO
$109B
| $652K | ﹤0.01% |
7,100
| – | – |
|
4148
NorthWestern Energy
NWE
$4.23B
| $652K | ﹤0.01% |
12,703
+1,548
| +14% | +$85.6K |
|
4149
iShares US Consumer Focused ETF
IEDI
$28M
| $651K | ﹤0.01% |
11,893
+6,943
| +140% | +$363K |
|
4150
Goldman Sachs MarketBeta Russell 1000 Value Equity ETF
GVUS
$420M
| $649K | ﹤0.01% |
12,999
+261
| +2% | +$12.4K |
|
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.