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 | |
|---|---|---|---|---|---|---|
|
NSLR
4476
Neostellar Capital Corp
NSLR
$270M
| $439K | ﹤0.01% |
53,515
+29,718
| +125% | +$177K |
|
4477
Woodside Energy
WDS
$44.4B
| $438K | ﹤0.01% |
28,389
-32,454
| -53% | -$454K |
|
4478
Surgery Partners
SGRY
$2.08B
| $438K | ﹤0.01% |
19,692
+2,352
| +14% | +$52.3K |
|
4479
Cerence
CRNC
$375M
| $438K | ﹤0.01% |
42,867
-15,952
| -27% | -$140K |
|
|
NUTX
4480
Nutex Health
NUTX
$1.02B
| $437K | ﹤0.01% |
+3,514
| New | +$454K |
|
4481
WillScot Mobile Mini Holdings
WSC
$4.35B
| $437K | ﹤0.01% |
15,960
-12,474
| -44% | -$332K |
|
4482
Lear
LEA
$7.33B
| $437K | ﹤0.01% |
4,600
-11,730
| -72% | -$1.03M |
|
4483
Sturm, Ruger & Co
RGR
$624M
| $436K | ﹤0.01% |
12,153
-398
| -3% | -$14.8K |
|
|
LNW
4484
DELISTED
Light & Wonder
LNW
| $436K | ﹤0.01% |
4,531
+635
| +16% | +$54.4K |
|
|
UHT
4485
Universal Health Realty Income Trust
UHT
$608M
| $436K | ﹤0.01% |
10,906
+323
| +3% | +$12.7K |
|
4486
AtriCure
ATRC
$2.04B
| $436K | ﹤0.01% |
13,301
+1,928
| +17% | +$62.7K |
|
4487
Applied Finance Valuation Large Cap ETF
VSLU
$547M
| $436K | ﹤0.01% |
11,130
+1,102
| +11% | +$39.6K |
|
4488
Motley Fool Mid-Cap Growth ETF
TMFM
$114M
| $435K | ﹤0.01% |
16,301
-507
| -3% | -$12.9K |
|
4489
Compass Diversified
CODI
$756M
| $435K | ﹤0.01% |
69,264
-23,823
| -26% | -$265K |
|
4490
Invesco MSCI Global Timber ETF
CUT
$33M
| $435K | ﹤0.01% |
14,452
-99
| -0.7% | -$2.97K |
|
|
HYBX
4491
TCW High Yield Bond ETF
HYBX
$31.4M
| $434K | ﹤0.01% |
14,180
-6,282
| -31% | -$189K |
|
4492
iShares iBonds 2030 Term High Yield and Income ETF
IBHJ
$151M
| $434K | ﹤0.01% |
16,305
+2,959
| +22% | +$77K |
|
4493
The Bancorp
TBBK
$2.7B
| $433K | ﹤0.01% |
7,604
-1,334
| -15% | -$67.5K |
|
4494
DigitalBridge
DBRG
$2.93B
| $432K | ﹤0.01% |
41,770
+8,997
| +27% | +$85.8K |
|
4495
Donnelley Financial Solutions
DFIN
$1.17B
| $432K | ﹤0.01% |
+7,008
| New | +$361K |
|
4496
Hanover Bancorp
HNVR
$190M
| $432K | ﹤0.01% |
18,874
| – | – |
|
4497
Maximus
MMS
$3.19B
| $432K | ﹤0.01% |
6,152
+2,722
| +79% | +$191K |
|
|
PFO
4498
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$119M
| $431K | ﹤0.01% |
46,557
+10,712
| +30% | +$95.6K |
|
4499
CALL
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$51B
| $429K | ﹤0.01% |
4,500
-2,000
| -31% | -$171K |
|
4500
Liberty Live Group Series C
LLYVK
$9.72B
| $429K | ﹤0.01% |
5,285
+989
| +23% | +$72.9K |
|
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.