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 | |
|---|---|---|---|---|---|---|
4701
Global X FTSE Southeast Asia ETF
ASEA
$99.4M
| $334K | ﹤0.01% |
20,506
+6,129
| +43% | +$99.1K |
|
4702
ProShares S&P 500 ex-Health Care ETF
SPXV
$39M
| $333K | ﹤0.01% |
4,912
+253
| +5% | +$15.7K |
|
4703
Mayville Engineering Co
MEC
$660M
| $333K | ﹤0.01% |
20,846
-4,000
| -16% | -$57.1K |
|
4704
Diamondrock Hospitality Co
DRH
$2.64B
| $329K | ﹤0.01% |
43,007
-19,918
| -32% | -$149K |
|
4705
PUT
Sprouts Farmers Market
SFM
$8.17B
| $329K | ﹤0.01% |
+2,000
| New | +$327K |
|
|
MTLS
4706
Materialise
MTLS
$371M
| $329K | ﹤0.01% |
58,259
+25,766
| +79% | +$133K |
|
|
IHD
4707
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$127M
| $329K | ﹤0.01% |
55,385
-2,192
| -4% | -$11.9K |
|
4708
Priority Technology Holdings
PRTH
$544M
| $329K | ﹤0.01% |
42,250
-3,713
| -8% | -$27.9K |
|
|
SVM
4709
Silvercorp Metals
SVM
$2.13B
| $329K | ﹤0.01% |
77,871
-24,060
| -24% | -$93.2K |
|
4710
S&T Bancorp
STBA
$1.88B
| $328K | ﹤0.01% |
8,684
-3,400
| -28% | -$124K |
|
|
ZOCT
4711
Innovator Equity Defined Protection ETF - 1 Yr October
ZOCT
$105M
| $328K | ﹤0.01% |
+12,624
| New | +$321K |
|
4712
PUT
Palo Alto Networks
PANW
$265B
| $327K | ﹤0.01% |
1,600
-1,400
| -47% | -$260K |
|
4713
Under Armour Class C
UA
$2.85B
| $327K | ﹤0.01% |
50,409
-4,536
| -8% | -$26.8K |
|
4714
Astronics
ATRO
$3.38B
| $325K | ﹤0.01% |
+11,666
| New | +$273K |
|
|
HAPN
4715
Happen Inc
HAPN
$2.23B
| $325K | ﹤0.01% |
27,029
+3,726
| +16% | +$38.7K |
|
4716
Monarch ProCap Index ETF
MPRO
$256M
| $324K | ﹤0.01% |
10,897
+2,573
| +31% | +$74.3K |
|
4717
CALL
Thermo Fisher Scientific
TMO
$214B
| $324K | ﹤0.01% |
+800
| New | +$334K |
|
|
SRTA
4718
Strata Critical Medical Inc
SRTA
$440M
| $324K | ﹤0.01% |
80,400
+28,461
| +55% | +$92.6K |
|
4719
Genco Shipping & Trading
GNK
$1.13B
| $324K | ﹤0.01% |
24,769
-4,290
| -15% | -$56.8K |
|
|
AZEK
4720
DELISTED
The AZEK Co
AZEK
| $324K | ﹤0.01% |
5,955
-34,877
| -85% | -$1.75M |
|
4721
CALL
Strategy Inc
MSTR
$35.7B
| $323K | ﹤0.01% |
+800
| New | +$291K |
|
4722
Colliers International
CIGI
$5.08B
| $323K | ﹤0.01% |
2,471
-235
| -9% | -$28.6K |
|
4723
Banner Corp
BANR
$2.37B
| $322K | ﹤0.01% |
5,027
+1,034
| +26% | +$63.9K |
|
4724
PUT
Walt Disney
DIS
$167B
| $322K | ﹤0.01% |
2,600
| – | – |
|
4725
Skye Bioscience
SKYE
$20.4M
| $322K | ﹤0.01% |
77,102
-2,400
| -3% | -$4.97K |
|
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.