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 | |
|---|---|---|---|---|---|---|
4751
MiMedx Group
MDXG
$636M
| $309K | ﹤0.01% |
50,647
-3,065
| -6% | -$20.4K |
|
4752
Goosehead Insurance
GSHD
$2.27B
| $309K | ﹤0.01% |
2,932
-393
| -12% | -$41.6K |
|
4753
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$836M
| $309K | ﹤0.01% |
6,219
-218
| -3% | -$10.8K |
|
4754
Roundhill Sports Betting & iGaming ETF
BETZ
$50M
| $308K | ﹤0.01% |
12,974
-1,677
| -11% | -$34.9K |
|
4755
Aemetis
AMTX
$110M
| $308K | ﹤0.01% |
124,054
+216
| +0.2% | +$365 |
|
4756
Hamilton Insurance Group
HG
$3.54B
| $307K | ﹤0.01% |
14,199
-1,776
| -11% | -$35.8K |
|
|
EIC
4757
Eagle Point Income Co
EIC
$230M
| $307K | ﹤0.01% |
22,454
-10,966
| -33% | -$152K |
|
4758
Fluence Energy
FLNC
$1.79B
| $307K | ﹤0.01% |
45,719
+17,939
| +65% | +$85.5K |
|
4759
Utah Medical Products
UTMD
$222M
| $306K | ﹤0.01% |
5,382
+84
| +2% | +$4.57K |
|
4760
CALL
Alibaba
BABA
$279B
| $306K | ﹤0.01% |
2,700
-3,800
| -58% | -$450K |
|
|
PIM
4761
Franklin Master Intermediate Income Trust
PIM
$149M
| $306K | ﹤0.01% |
91,390
+40,963
| +81% | +$135K |
|
4762
Invesco Pennsylvania Value Municipal Income Trust
VPV
$196M
| $306K | ﹤0.01% |
30,390
-6,223
| -17% | -$61.6K |
|
4763
DXC Technology
DXC
$1.82B
| $305K | ﹤0.01% |
19,975
-1,236
| -6% | -$19K |
|
4764
Rhythm Pharmaceuticals
RYTM
$7.25B
| $304K | ﹤0.01% |
4,805
+591
| +14% | +$36.2K |
|
4765
Dave & Buster's
PLAY
$377M
| $303K | ﹤0.01% |
10,088
-2,014
| -17% | -$45.5K |
|
4766
PUT
United Parcel Service
UPS
$89.5B
| $303K | ﹤0.01% |
3,000
-1,000
| -25% | -$98.4K |
|
|
IBMS
4767
iShares iBonds Dec 2030 Term Muni Bond ETF
IBMS
$313M
| $303K | ﹤0.01% |
11,801
| – | – |
|
4768
Goldman Sachs ActiveBeta Japan Equity ETF
GSJY
$84.7M
| $302K | ﹤0.01% |
7,200
-580
| -7% | -$23.1K |
|
4769
SolarEdge
SEDG
$2.54B
| $302K | ﹤0.01% |
14,819
+2,481
| +20% | +$41K |
|
4770
Nuveen Select Maturities Municipal Fund
NIM
$114M
| $302K | ﹤0.01% |
33,343
-1,283
| -4% | -$11.6K |
|
4771
RPAR Risk Parity ETF
RPAR
$573M
| $302K | ﹤0.01% |
15,128
+4,114
| +37% | +$79.8K |
|
4772
Coastal Financial
CCB
$609M
| $302K | ﹤0.01% |
+3,113
| New | +$268K |
|
4773
Appian
APPN
$1.94B
| $301K | ﹤0.01% |
10,090
+602
| +6% | +$18.1K |
|
4774
PUT
Consolidated Edison
ED
$40.4B
| $301K | ﹤0.01% |
3,000
| – | – |
|
4775
Genelux
GNLX
$137M
| $301K | ﹤0.01% |
104,837
+17,989
| +21% | +$47.5K |
|
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.