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 | |
|---|---|---|---|---|---|---|
4876
FT Vest US Equity Buffer & Premium Income ETF September
XISE
$35.8M
| $261K | ﹤0.01% |
8,571
+577
| +7% | +$17.3K |
|
4877
Gold Royalty Corp
GROY
$621M
| $261K | ﹤0.01% |
118,000
+7,000
| +6% | +$12.3K |
|
4878
WisdomTree New Economy Real Estate Fund
WTRE
$15.7M
| $260K | ﹤0.01% |
13,374
-4,257
| -24% | -$75.8K |
|
4879
Hovnanian Enterprises
HOV
$758M
| $260K | ﹤0.01% |
2,483
+230
| +10% | +$22.5K |
|
4880
Invesco S&P SmallCap Financials ETF
PSCF
$27.5M
| $259K | ﹤0.01% |
4,779
-1,044
| -18% | -$53.9K |
|
4881
Aspen Aerogels
ASPN
$374M
| $259K | ﹤0.01% |
43,784
+12,341
| +39% | +$71K |
|
4882
PUT
iShares Silver Trust
SLV
$28.6B
| $259K | ﹤0.01% |
+7,900
| New | +$242K |
|
4883
FB Financial Corp
FBK
$3B
| $259K | ﹤0.01% |
5,721
+1,100
| +24% | +$47.8K |
|
4884
PUT
Micron Technology
MU
$988B
| $259K | ﹤0.01% |
+2,100
| New | +$196K |
|
4885
ProShares Ultra Financials
UYG
$829M
| $259K | ﹤0.01% |
+2,708
| New | +$233K |
|
4886
GoodRx Holdings
GDRX
$1.07B
| $259K | ﹤0.01% |
51,934
+3,609
| +7% | +$15.7K |
|
4887
PUT
APA Corp
APA
$12.8B
| $258K | ﹤0.01% |
14,100
-81,300
| -85% | -$1.41M |
|
4888
Korea Electric Power
KEP
$15.5B
| $258K | ﹤0.01% |
+18,109
| New | +$180K |
|
4889
Aquestive Therapeutics
AQST
$467M
| $258K | ﹤0.01% |
+77,888
| New | +$223K |
|
4890
CALL
GE Aerospace
GE
$368B
| $257K | ﹤0.01% |
+1,000
| New | +$219K |
|
4891
Overlay Shares Large Cap Equity ETF
OVL
$336M
| $257K | ﹤0.01% |
+5,318
| New | +$236K |
|
4892
Oak Valley Bancorp
OVLY
$281M
| $257K | ﹤0.01% |
9,424
-1,784
| -16% | -$45.4K |
|
4893
Patria Investments
PAX
$1.77B
| $256K | ﹤0.01% |
+18,235
| New | +$219K |
|
|
GFLW
4894
VictoryShares Free Cash Flow Growth ETF
GFLW
$876M
| $256K | ﹤0.01% |
+9,742
| New | +$232K |
|
4895
Genworth Financial
GNW
$3.81B
| $256K | ﹤0.01% |
32,895
-980
| -3% | -$6.85K |
|
|
AKRO
4896
DELISTED
Akero Therapeutics
AKRO
| $256K | ﹤0.01% |
4,791
-1,434
| -23% | -$65.2K |
|
4897
Crescent Energy
CRGY
$3.69B
| $256K | ﹤0.01% |
29,715
-13,225
| -31% | -$116K |
|
4898
SunCoke Energy
SXC
$717M
| $256K | ﹤0.01% |
29,747
+8,795
| +42% | +$76.3K |
|
4899
Riley Exploration Permian
REPX
$727M
| $255K | ﹤0.01% |
9,736
+2,818
| +41% | +$74.4K |
|
4900
Butterfly Network
BFLY
$2.14B
| $255K | ﹤0.01% |
127,512
-698
| -0.5% | -$1.6K |
|
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.