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 | |
|---|---|---|---|---|---|---|
4776
iShares MSCI BIC ETF
BKF
$77.9M
| $301K | ﹤0.01% |
7,254
+131
| +2% | +$5.22K |
|
4777
WisdomTree Bloomberg US Dollar Bullish Fund
USDU
$455M
| $300K | ﹤0.01% |
11,639
-347,174
| -97% | -$9.13M |
|
4778
Bilibili
BILI
$7.83B
| $300K | ﹤0.01% |
13,980
-2,147
| -13% | -$39.5K |
|
4779
Liberty Global Class A
LBTYA
$3.56B
| $300K | ﹤0.01% |
29,939
-1,459
| -5% | -$14.7K |
|
4780
MoonLake Immunotherapeutics
MLTX
$1.62B
| $299K | ﹤0.01% |
6,338
-2,509
| -28% | -$102K |
|
|
JHS
4781
John Hancock Income Securities Trust
JHS
$127M
| $299K | ﹤0.01% |
26,491
-8,903
| -25% | -$99.4K |
|
4782
Brown-Forman Class A
BF.A
$13.4B
| $298K | ﹤0.01% |
10,858
-1,960
| -15% | -$62.8K |
|
4783
WisdomTree International MidCap Dividend Fund
DIM
$167M
| $297K | ﹤0.01% |
3,950
-635
| -14% | -$45K |
|
4784
Target Hospitality
TH
$1.44B
| $297K | ﹤0.01% |
41,695
+688
| +2% | +$4.78K |
|
4785
PC Connection
CNXN
$2.08B
| $297K | ﹤0.01% |
4,512
+392
| +10% | +$25.3K |
|
4786
KraneShares MSCI Emerging Markets Ex China Index ETF
KEMX
$124M
| $297K | ﹤0.01% |
9,202
-1,305
| -12% | -$38.5K |
|
4787
Columbia Sportswear
COLM
$3.21B
| $297K | ﹤0.01% |
4,858
+660
| +16% | +$42.5K |
|
4788
Civista Bancshares
CIVB
$601M
| $296K | ﹤0.01% |
12,772
+131
| +1% | +$2.85K |
|
4789
Applied Optoelectronics
AAOI
$7.23B
| $296K | ﹤0.01% |
11,527
+597
| +5% | +$9.66K |
|
4790
AB Conservative Buffer ETF
BUFC
$1.04B
| $295K | ﹤0.01% |
+7,482
| New | +$290K |
|
|
MCHB
4791
Mechanics Bancorp
MCHB
$3.68B
| $294K | ﹤0.01% |
+22,490
| New | +$270K |
|
4792
Dakota Gold
DC
$624M
| $293K | ﹤0.01% |
79,383
+20,133
| +34% | +$62.9K |
|
4793
Altimmune
ALT
$580M
| $292K | ﹤0.01% |
75,493
+8,912
| +13% | +$48.2K |
|
4794
Digital Turbine
APPS
$990M
| $291K | ﹤0.01% |
49,242
-227,776
| -82% | -$936K |
|
4795
Champion Homes
SKY
$4.41B
| $291K | ﹤0.01% |
4,640
+842
| +22% | +$65.5K |
|
4796
Titan International
TWI
$474M
| $289K | ﹤0.01% |
28,123
+301
| +1% | +$2.32K |
|
|
BDN
4797
Brandywine Realty Trust
BDN
$525M
| $289K | ﹤0.01% |
67,321
+461
| +0.7% | +$1.91K |
|
4798
Thrivent Small-Mid Cap ESG ETF
TSME
$961M
| $288K | ﹤0.01% |
7,712
+1,458
| +23% | +$50.1K |
|
|
VTLE
4799
DELISTED
Vital Energy
VTLE
| $288K | ﹤0.01% |
17,895
+2,865
| +19% | +$46.8K |
|
4800
Nano X Imaging
NNOX
$67.2M
| $288K | ﹤0.01% |
55,665
-175
| -0.3% | -$892 |
|
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.