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 | |
|---|---|---|---|---|---|---|
|
PNF
5126
DELISTED
PIMCO New York Municipal Income Fund
PNF
| $181K | ﹤0.01% |
25,927
+2,135
| +9% | +$15K |
|
|
AXIA.PR
5127
DELISTED
AXIA Energia American Depositary Shares Preferred Class B1
AXIA.PR
| $181K | ﹤0.01% |
21,882
+7,034
| +47% | +$57.4K |
|
5128
Vipshop
VIPS
$7.3B
| $181K | ﹤0.01% |
12,022
-16,313
| -58% | -$231K |
|
|
LOAN
5129
Manhattan Bridge Capital
LOAN
$48.2M
| $180K | ﹤0.01% |
32,927
+2,522
| +8% | +$13.1K |
|
5130
BayFirst Financial Corp
BAFN
$33.2M
| $179K | ﹤0.01% |
12,821
| – | – |
|
|
ERH
5131
Allspring Utilities & High Income Fund
ERH
$104M
| $179K | ﹤0.01% |
15,461
-933
| -6% | -$10.3K |
|
5132
Unisys
UIS
$230M
| $177K | ﹤0.01% |
+39,112
| New | +$176K |
|
5133
Capricor Therapeutics
CAPR
$243M
| $176K | ﹤0.01% |
+17,721
| New | +$187K |
|
5134
Dole
DOLE
$1.36B
| $176K | ﹤0.01% |
+12,550
| New | +$178K |
|
5135
Oxbridge Re Holdings
OXBR
$10.6M
| $175K | ﹤0.01% |
100,773
| – | – |
|
5136
Xencor
XNCR
$1.59B
| $175K | ﹤0.01% |
22,298
+3,699
| +20% | +$33.2K |
|
5137
First Advantage
FA
$3.44B
| $175K | ﹤0.01% |
+10,506
| New | +$170K |
|
5138
Aehr Test Systems
AEHR
$2.51B
| $174K | ﹤0.01% |
13,465
-450
| -3% | -$4.28K |
|
5139
Liquidia Corp
LQDA
$7.72B
| $174K | ﹤0.01% |
13,945
-475
| -3% | -$7.03K |
|
5140
PagSeguro Digital
PAGS
$2.75B
| $174K | ﹤0.01% |
18,023
+53
| +0.3% | +$478 |
|
5141
indie Semiconductor
INDI
$668M
| $173K | ﹤0.01% |
48,696
+31,471
| +183% | +$79.2K |
|
5142
Opendoor
OPEN
$3.69B
| $172K | ﹤0.01% |
333,538
+108,001
| +48% | +$78.1K |
|
|
AGIG
5143
Abundia Global Impact Group
AGIG
$41.4M
| $171K | ﹤0.01% |
+16,176
| New | +$120K |
|
5144
UroGen Pharma
URGN
$2B
| $171K | ﹤0.01% |
12,494
-73
| -0.6% | -$700 |
|
|
NWTG
5145
Newton Golf Co
NWTG
$4.82M
| $170K | ﹤0.01% |
115,000
+45,000
| +64% | +$80.2K |
|
5146
VerifyMe
VRME
$9.17M
| $170K | ﹤0.01% |
225,101
+26,067
| +13% | +$18.6K |
|
5147
United States Antimony
UAMY
$774M
| $168K | ﹤0.01% |
77,098
+65,998
| +595% | +$187K |
|
5148
Movado Group
MOV
$849M
| $167K | ﹤0.01% |
+10,976
| New | +$168K |
|
|
DEFT
5149
Defi Technologies
DEFT
$166M
| $167K | ﹤0.01% |
+57,108
| New | +$191K |
|
5150
American Eagle Outfitters
AEO
$2.9B
| $167K | ﹤0.01% |
17,346
-19,020
| -52% | -$204K |
|
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.