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 | |
|---|---|---|---|---|---|---|
4251
CALL
McDonald's
MCD
$192B
| $584K | ﹤0.01% |
+2,000
| New | +$617K |
|
4252
Innovator US Equity Ultra Buffer ETF March
UMAR
$193M
| $584K | ﹤0.01% |
15,519
+5,096
| +49% | +$184K |
|
4253
First Commonwealth Financial
FCF
$2.18B
| $583K | ﹤0.01% |
35,951
+1,070
| +3% | +$16.5K |
|
4254
WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund
CXSE
$493M
| $582K | ﹤0.01% |
16,923
+391
| +2% | +$12.9K |
|
4255
Innovator US Equity 10 Buffer ETF Quarterly
ZALT
$754M
| $581K | ﹤0.01% |
18,878
+7,103
| +60% | +$213K |
|
4256
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.54B
| $581K | ﹤0.01% |
21,107
-4,138
| -16% | -$109K |
|
4257
Nuveen New York Municipal Value Fund
NNY
$156M
| $581K | ﹤0.01% |
71,659
+315
| +0.4% | +$2.57K |
|
4258
Tarsus Pharmaceuticals
TARS
$2.58B
| $581K | ﹤0.01% |
14,341
+6,316
| +79% | +$284K |
|
4259
NCR Voyix
VYX
$1.14B
| $581K | ﹤0.01% |
49,489
+3,928
| +9% | +$39.7K |
|
|
CRCL
4260
PUT
Circle Internet Group
CRCL
$15.6B
| $580K | ﹤0.01% |
+3,200
| New | +$521K |
|
4261
IMAX
IMAX
$2.62B
| $580K | ﹤0.01% |
20,748
+3,194
| +18% | +$82.9K |
|
|
JPXN
4262
iShares JPX-Nikkei 400 ETF
JPXN
$134M
| $580K | ﹤0.01% |
7,239
+292
| +4% | +$22.2K |
|
4263
Achieve Life Sciences
ACHV
$659M
| $578K | ﹤0.01% |
255,833
+46,000
| +22% | +$131K |
|
4264
Albertsons Companies
ACI
$5.62B
| $577K | ﹤0.01% |
26,844
+3,362
| +14% | +$73.1K |
|
4265
Choiceone Financial
COFS
$509M
| $577K | ﹤0.01% |
20,096
-70
| -0.3% | -$1.99K |
|
4266
AllianzIM U.S. Equity Buffer20 Jun ETF
JUNW
$370M
| $576K | ﹤0.01% |
18,078
+4,837
| +37% | +$147K |
|
|
FINV
4267
FinVolution Group
FINV
$1.15B
| $576K | ﹤0.01% |
60,728
+9,291
| +18% | +$79.4K |
|
4268
908 Devices
MASS
$329M
| $574K | ﹤0.01% |
80,503
-2,506
| -3% | -$13.9K |
|
4269
Simmons First National
SFNC
$3.41B
| $573K | ﹤0.01% |
30,246
-14,791
| -33% | -$279K |
|
4270
Sasol
SSL
$7.5B
| $572K | ﹤0.01% |
129,340
+71,025
| +122% | +$291K |
|
4271
FIVE9
FIVN
$2.11B
| $572K | ﹤0.01% |
21,589
+5,461
| +34% | +$142K |
|
4272
CALL
Robinhood
HOOD
$77.8B
| $571K | ﹤0.01% |
+6,100
| New | +$361K |
|
4273
PUT
Vanguard S&P 500 ETF
VOO
$979B
| $568K | ﹤0.01% |
1,000
+100
| +11% | +$52.6K |
|
4274
Warby Parker
WRBY
$3.28B
| $568K | ﹤0.01% |
25,878
+12,235
| +90% | +$226K |
|
4275
iShares MSCI Japan Small-Cap ETF
SCJ
$253M
| $566K | ﹤0.01% |
6,668
-28,709
| -81% | -$2.3M |
|
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.