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 | |
|---|---|---|---|---|---|---|
4151
PUT
Workday
WDAY
$39.6B
| $648K | ﹤0.01% |
+2,700
| New | +$658K |
|
4152
Liberty Broadband Class A
LBRDA
$4.89B
| $646K | ﹤0.01% |
6,608
+606
| +10% | +$53.7K |
|
4153
Innovator Emerging Markets Power Buffer ETF July
EJUL
$178M
| $646K | ﹤0.01% |
23,326
+13,177
| +130% | +$341K |
|
|
CEP
4154
DELISTED
Cantor Equity Partners
CEP
| $643K | ﹤0.01% |
+23,139
| New | +$706K |
|
4155
LiveRamp
RAMP
$2.3B
| $643K | ﹤0.01% |
19,450
+1,868
| +11% | +$54.3K |
|
4156
Westamerica Bancorp
WABC
$1.38B
| $642K | ﹤0.01% |
13,254
-527
| -4% | -$25.3K |
|
4157
Walker & Dunlop
WD
$1.71B
| $642K | ﹤0.01% |
9,108
+2,608
| +40% | +$188K |
|
4158
Winnebago Industries
WGO
$856M
| $641K | ﹤0.01% |
22,117
+5,568
| +34% | +$183K |
|
4159
Marriott Vacations Worldwide
VAC
$3.35B
| $641K | ﹤0.01% |
8,864
+719
| +9% | +$45.4K |
|
|
ERC
4160
Allspring Multi-Sector Income Fund
ERC
$256M
| $640K | ﹤0.01% |
67,756
+6,112
| +10% | +$56K |
|
4161
Gorman-Rupp
GRC
$2.14B
| $640K | ﹤0.01% |
17,430
-2,447
| -12% | -$88K |
|
|
QCJL
4162
FT Vest Nasdaq-100 Conservative Buffer ETF - July
QCJL
$67.9M
| $639K | ﹤0.01% |
28,597
+1,825
| +7% | +$38.4K |
|
|
SKE
4163
Skeena Resources
SKE
$3.3B
| $639K | ﹤0.01% |
40,157
-2,668
| -6% | -$33.6K |
|
4164
iShares iBonds Dec 2033 Term Treasury ETF
IBTO
$474M
| $639K | ﹤0.01% |
26,053
+3,014
| +13% | +$72.9K |
|
4165
PUT
Transocean
RIG
$5.89B
| $638K | ﹤0.01% |
246,500
+194,800
| +377% | +$502K |
|
4166
Worthington Steel
WS
$1.8B
| $638K | ﹤0.01% |
21,397
+1,921
| +10% | +$49.5K |
|
|
AXIA
4167
AXIA Energia
AXIA
$23.9B
| $638K | ﹤0.01% |
+108,405
| New | +$633K |
|
4168
American Outdoor Brands
AOUT
$155M
| $638K | ﹤0.01% |
61,009
+1,509
| +3% | +$17.3K |
|
4169
O-I Glass
OI
$1.1B
| $636K | ﹤0.01% |
43,164
-946
| -2% | -$12.1K |
|
4170
SEI QiM U.S. Large Cap Momentum Active ETF
SEIM
$1.39B
| $636K | ﹤0.01% |
15,086
+700
| +5% | +$26.6K |
|
4171
AllianzIM U.S. Equity Buffer20 Sep ETF
SEPW
$106M
| $636K | ﹤0.01% |
+21,076
| New | +$610K |
|
4172
BlackRock MuniYield New York Quality Fund
MYN
$372M
| $635K | ﹤0.01% |
66,661
+12,561
| +23% | +$120K |
|
|
KTF
4173
DWS Municipal Income Trust
KTF
$346M
| $635K | ﹤0.01% |
71,848
-3,810
| -5% | -$34.2K |
|
4174
Ternium
TX
$9.67B
| $634K | ﹤0.01% |
21,073
-8,138
| -28% | -$233K |
|
4175
PUT
TSMC
TSM
$2.1T
| $634K | ﹤0.01% |
2,800
+1,300
| +87% | +$241K |
|
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.