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 | |
|---|---|---|---|---|---|---|
|
NBH
4176
Neuberger Municipal Fund Inc
NBH
$301M
| $634K | ﹤0.01% |
64,503
+4,417
| +7% | +$44K |
|
|
SARO
4177
StandardAero Inc
SARO
$9.74B
| $634K | ﹤0.01% |
20,028
+12,401
| +163% | +$348K |
|
4178
CALL
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $633K | ﹤0.01% |
+5,000
| New | +$555K |
|
4179
Tronox
TROX
$932M
| $633K | ﹤0.01% |
124,845
+88,517
| +244% | +$482K |
|
4180
Lucid Motors
LCID
$2.88B
| $633K | ﹤0.01% |
29,980
+2,289
| +8% | +$54.8K |
|
4181
TMC The Metals Company
TMC
$1.54B
| $632K | ﹤0.01% |
95,740
+23,735
| +33% | +$91K |
|
4182
Asana
ASAN
$1.92B
| $630K | ﹤0.01% |
46,691
-216
| -0.5% | -$3.38K |
|
|
SOR
4183
Source Capital
SOR
$383M
| $629K | ﹤0.01% |
14,508
+4,551
| +46% | +$191K |
|
4184
Array Technologies
ARRY
$803M
| $628K | ﹤0.01% |
106,390
+8,909
| +9% | +$54.1K |
|
|
MYCI
4185
State Street My2029 Corporate Bond ETF
MYCI
$33.3M
| $627K | ﹤0.01% |
+25,144
| New | +$620K |
|
|
MAG
4186
DELISTED
MAG Silver
MAG
| $626K | ﹤0.01% |
29,612
-2,351
| -7% | -$41.8K |
|
4187
BNY Mellon US Mid Cap Core Equity ETF
BKMC
$653M
| $625K | ﹤0.01% |
18,330
+1,563
| +9% | +$50.1K |
|
4188
Riot Platforms
RIOT
$7.63B
| $625K | ﹤0.01% |
55,306
+432
| +0.8% | +$3.67K |
|
4189
Groupon
GRPN
$1.05B
| $624K | ﹤0.01% |
+18,668
| New | +$476K |
|
|
AIVC
4190
Amplify Bloomberg AI Equal Weight ETF
AIVC
$113M
| $623K | ﹤0.01% |
11,668
-5,165
| -31% | -$237K |
|
4191
Red Rock Resorts
RRR
$3.77B
| $623K | ﹤0.01% |
11,967
+5,489
| +85% | +$251K |
|
4192
Atlas Energy Solutions
AESI
$1.35B
| $621K | ﹤0.01% |
46,454
+6,900
| +17% | +$94.2K |
|
|
QCON
4193
DELISTED
American Century Quality Convertible Securities ETF
QCON
| $621K | ﹤0.01% |
13,063
-1,951
| -13% | -$88.9K |
|
|
GGT
4194
Gabelli Multimedia Trust
GGT
$171M
| $620K | ﹤0.01% |
150,066
+7,923
| +6% | +$33.6K |
|
4195
BlackSky Technology
BKSY
$943M
| $619K | ﹤0.01% |
+30,061
| New | +$324K |
|
4196
Cambria Global Momentum ETF
GMOM
$69.8M
| $618K | ﹤0.01% |
20,847
-977
| -4% | -$28.1K |
|
|
MDST
4197
Westwood Salient Enhanced Midstream Income ETF
MDST
$285M
| $618K | ﹤0.01% |
+22,821
| New | +$604K |
|
4198
Valley National Bancorp
VLY
$7.9B
| $617K | ﹤0.01% |
69,132
-1,486
| -2% | -$12.9K |
|
4199
Redwire
RDW
$2.06B
| $617K | ﹤0.01% |
37,874
+22,835
| +152% | +$298K |
|
4200
PUT
ServiceNow
NOW
$115B
| $617K | ﹤0.01% |
3,000
+500
| +20% | +$94.3K |
|
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.