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 | |
|---|---|---|---|---|---|---|
4951
Structure Therapeutics
GPCR
$3.37B
| $241K | ﹤0.01% |
+11,599
| New | +$255K |
|
4952
PUT
ASML
ASML
$596B
| $240K | ﹤0.01% |
+300
| New | +$215K |
|
4953
Root
ROOT
$895M
| $240K | ﹤0.01% |
+1,876
| New | +$254K |
|
|
BBNX
4954
Beta Bionics
BBNX
$676M
| $240K | ﹤0.01% |
16,485
+4,668
| +40% | +$66.1K |
|
|
MBCE
4955
Monarch Blue Chips Elite Index ETF
MBCE
$174M
| $240K | ﹤0.01% |
+6,577
| New | +$224K |
|
4956
CALL
GitLab
GTLB
$5.75B
| $239K | ﹤0.01% |
5,300
+500
| +10% | +$22.9K |
|
4957
Evolv Technologies
EVLV
$998M
| $239K | ﹤0.01% |
38,249
+12,062
| +46% | +$55.8K |
|
|
PBPB
4958
DELISTED
Potbelly
PBPB
| $237K | ﹤0.01% |
19,357
-730
| -4% | -$7.18K |
|
4959
NewtekOne
NEWT
$426M
| $237K | ﹤0.01% |
20,999
+3,301
| +19% | +$35.3K |
|
|
MSIF
4960
MSC Income Fund Inc
MSIF
$508M
| $237K | ﹤0.01% |
+14,409
| New | +$229K |
|
|
EVF
4961
Eaton Vance Senior Income Trust
EVF
$90.1M
| $237K | ﹤0.01% |
41,571
-15,515
| -27% | -$86.9K |
|
4962
TFS Financial
TFSL
$5.11B
| $236K | ﹤0.01% |
18,233
-23,589
| -56% | -$304K |
|
4963
CALL
CAVA Group
CAVA
$7.61B
| $236K | ﹤0.01% |
+2,800
| New | +$239K |
|
4964
Oxbridge Re Holdings Ltd Warrant
OXBRW
| $236K | ﹤0.01% |
713,852
| – | – |
|
4965
Hyster-Yale Materials Handling
HY
$576M
| $235K | ﹤0.01% |
5,912
+263
| +5% | +$10.5K |
|
4966
Brookdale Senior Living
BKD
$3.55B
| $235K | ﹤0.01% |
33,728
+1,747
| +5% | +$11.4K |
|
4967
Pacer Swan SOS Moderate January ETF
PSMD
$92.3M
| $235K | ﹤0.01% |
7,715
| – | – |
|
4968
Dana Inc
DAN
$2.88B
| $235K | ﹤0.01% |
+13,682
| New | +$204K |
|
4969
PUT
iShares S&P 500 Value ETF
IVE
$49.1B
| $235K | ﹤0.01% |
1,200
-1,500
| -56% | -$279K |
|
|
GOGL
4970
DELISTED
Golden Ocean Group
GOGL
| $234K | ﹤0.01% |
31,981
-5,843
| -15% | -$44.3K |
|
4971
Veeco
VECO
$2.62B
| $234K | ﹤0.01% |
+11,501
| New | +$227K |
|
4972
GeoPark
GPRK
$609M
| $234K | ﹤0.01% |
35,825
+20,400
| +132% | +$139K |
|
4973
Vishay Intertechnology
VSH
$4.6B
| $234K | ﹤0.01% |
14,706
-1,412
| -9% | -$19.6K |
|
4974
AllianzIM U.S. Equity Buffer10 Mar ETF
MART
$30.2M
| $232K | ﹤0.01% |
+6,463
| New | +$219K |
|
4975
Nuveen Variable Rate Preferred & Income Fund
NPFD
$439M
| $232K | ﹤0.01% |
+12,029
| New | +$224K |
|
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.