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 | |
|---|---|---|---|---|---|---|
4826
Harmonic Inc
HLIT
$1.22B
| $279K | ﹤0.01% |
29,445
-877
| -3% | -$8K |
|
4827
Allot
ALLT
$367M
| $278K | ﹤0.01% |
32,541
+13,831
| +74% | +$99.5K |
|
4828
Constellium
CSTM
$3.89B
| $278K | ﹤0.01% |
20,919
-1,018
| -5% | -$11.4K |
|
|
IAUX
4829
i-80 Gold Corp
IAUX
$1.16B
| $278K | ﹤0.01% |
464,440
-40,359
| -8% | -$23.8K |
|
4830
ProShares VIX Mid-Term Futures ETF
VIXM
$56.3M
| $278K | ﹤0.01% |
16,576
-2
| -0% | -$35 |
|
4831
NovoCure
NVCR
$1.77B
| $277K | ﹤0.01% |
15,587
+3,626
| +30% | +$63.2K |
|
|
MRX
4832
Marex Group Limited Ordinary Shares
MRX
$4.74B
| $277K | ﹤0.01% |
7,023
-931
| -12% | -$38.8K |
|
4833
McCormick & Company Voting
MKC.V
$13.7B
| $277K | ﹤0.01% |
3,670
| – | – |
|
|
WIA
4834
Western Asset Inflation-Linked Income Fund
WIA
$185M
| $276K | ﹤0.01% |
32,819
+2,058
| +7% | +$16.9K |
|
4835
Braze
BRZE
$2.82B
| $275K | ﹤0.01% |
9,784
+3,707
| +61% | +$117K |
|
|
HEQ
4836
John Hancock Hedged Equity & Income Fund
HEQ
$138M
| $275K | ﹤0.01% |
25,977
-3,387
| -12% | -$35K |
|
4837
Banc of California
BANC
$2.91B
| $275K | ﹤0.01% |
19,547
-212
| -1% | -$2.89K |
|
|
AGGS
4838
Harbor Disciplined Bond ETF
AGGS
$39.4M
| $275K | ﹤0.01% |
+6,667
| New | +$271K |
|
|
OLP
4839
One Liberty Properties
OLP
$532M
| $274K | ﹤0.01% |
11,496
+793
| +7% | +$19.4K |
|
4840
MicroSectors FANG+ ETNs due Jan 8 2038
FNGS
$548M
| $274K | ﹤0.01% |
+4,209
| New | +$237K |
|
4841
Steven Madden
SHOO
$3.5B
| $274K | ﹤0.01% |
11,434
-14,648
| -56% | -$344K |
|
|
IAF
4842
abrdn Australia Equity Fund
IAF
$124M
| $273K | ﹤0.01% |
20,348
+94
| +0.5% | +$1.19K |
|
4843
Bioventus
BVS
$893M
| $272K | ﹤0.01% |
41,128
| – | – |
|
4844
Fiverr
FVRR
$330M
| $271K | ﹤0.01% |
+9,245
| New | +$266K |
|
4845
Clean Energy Fuels
CLNE
$425M
| $271K | ﹤0.01% |
138,805
-4,061
| -3% | -$6.91K |
|
4846
SEI QiM U.S. Large Cap Quality Active ETF
SEIQ
$676M
| $271K | ﹤0.01% |
7,276
+118
| +2% | +$4.17K |
|
4847
Foster
FSTR
$431M
| $270K | ﹤0.01% |
+12,364
| New | +$242K |
|
4848
Franklin Ultra Short Bond ETF
FLUD
$562M
| $270K | ﹤0.01% |
+10,781
| New | +$269K |
|
|
AIOT
4849
PowerFleet Inc
AIOT
$525M
| $270K | ﹤0.01% |
62,539
+391
| +0.6% | +$1.93K |
|
4850
Tidewater
TDW
$3.65B
| $269K | ﹤0.01% |
5,837
-898
| -13% | -$36.4K |
|
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.