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 | |
|---|---|---|---|---|---|---|
5026
BridgeBio Pharma
BBIO
$16.4B
| $218K | ﹤0.01% |
+5,047
| New | +$184K |
|
5027
CALL
Organon & Co
OGN
$3.56B
| $218K | ﹤0.01% |
+22,500
| New | +$232K |
|
|
MAMB
5028
Monarch Ambassador Income Index ETF
MAMB
$191M
| $217K | ﹤0.01% |
+9,410
| New | +$215K |
|
5029
Aligos Therapeutics
ALGS
$26.3M
| $217K | ﹤0.01% |
+30,100
| New | +$180K |
|
5030
Capri Holdings
CPRI
$1.82B
| $216K | ﹤0.01% |
12,228
-93,699
| -88% | -$1.54M |
|
5031
Fidelity International Multifactor ETF
FDEV
$286M
| $216K | ﹤0.01% |
+6,637
| New | +$205K |
|
|
CRON
5032
Cronos Group
CRON
$1.07B
| $216K | ﹤0.01% |
113,150
+35,033
| +45% | +$66.4K |
|
5033
Alpha and Omega Semiconductor
AOSL
$829M
| $216K | ﹤0.01% |
8,422
-2,144
| -20% | -$46.6K |
|
5034
Danaos Corp
DAC
$2.52B
| $216K | ﹤0.01% |
+2,505
| New | +$206K |
|
5035
CALL
Quest Diagnostics
DGX
$26B
| $216K | ﹤0.01% |
+1,200
| New | +$208K |
|
5036
Stepan Co
SCL
$1.5B
| $215K | ﹤0.01% |
+3,945
| New | +$208K |
|
5037
Global X ClimateTech ETF
CTEC
$22.4M
| $215K | ﹤0.01% |
6,044
-32
| -0.5% | -$1.02K |
|
5038
Oxford Square Capital
OXSQ
$150M
| $215K | ﹤0.01% |
96,251
-11,355
| -11% | -$27.2K |
|
5039
PUT
Uber
UBER
$145B
| $215K | ﹤0.01% |
+2,300
| New | +$189K |
|
5040
Global X MSCI Norway ETF
NORW
$86.1M
| $214K | ﹤0.01% |
7,319
-1,174
| -14% | -$32.5K |
|
5041
CuriosityStream
CURI
$148M
| $214K | ﹤0.01% |
38,014
+10,434
| +38% | +$47.9K |
|
5042
Quadratic Deflation ETF
BNDD
$24.7M
| $214K | ﹤0.01% |
2,134
-311
| -13% | -$31.5K |
|
5043
Citizens & Northern Corp
CZNC
$449M
| $213K | ﹤0.01% |
+11,265
| New | +$213K |
|
5044
CALL
Citigroup
C
$213B
| $213K | ﹤0.01% |
2,500
-4,300
| -63% | -$311K |
|
5045
Goldman Sachs Access Emerging Markets USD Bond ETF
GEMD
$37.3M
| $213K | ﹤0.01% |
5,188
-642,971
| -99% | -$25.7M |
|
5046
PUT
Vanguard Morningstar Total Stock Market ETF
VTI
$646B
| $213K | ﹤0.01% |
+700
| New | +$197K |
|
5047
Cinemark Holdings
CNK
$4.07B
| $212K | ﹤0.01% |
+7,022
| New | +$212K |
|
|
SEI
5048
Solaris Energy Infrastructure
SEI
$2.66B
| $212K | ﹤0.01% |
+7,488
| New | +$176K |
|
5049
Braskem
BAK
$901M
| $212K | ﹤0.01% |
64,555
+4,859
| +8% | +$17.6K |
|
|
JAMF
5050
DELISTED
Jamf
JAMF
| $212K | ﹤0.01% |
22,243
+3,064
| +16% | +$32.9K |
|
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.