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 | |
|---|---|---|---|---|---|---|
5176
AMC Entertainment Holdings
AMC
$2.45B
| $148K | ﹤0.01% |
47,768
-25,263
| -35% | -$75K |
|
5177
SELLAS Life Sciences
SLS
$1.99B
| $148K | ﹤0.01% |
67,560
+1,816
| +3% | +$2.79K |
|
5178
Coherus Oncology
CHRS
$217M
| $148K | ﹤0.01% |
201,839
+135,620
| +205% | +$117K |
|
5179
Village Farms International
VFF
$240M
| $146K | ﹤0.01% |
132,930
-50,485
| -28% | -$44.7K |
|
5180
SEALSQ Corp
LAES
$501M
| $146K | ﹤0.01% |
36,257
+7,617
| +27% | +$23.4K |
|
|
VFL
5181
DELISTED
abrdn National Municipal Income Fund
VFL
| $145K | ﹤0.01% |
15,031
+2,102
| +16% | +$20.5K |
|
|
NESR
5182
National Energy Services Reunited Corp
NESR
$2.46B
| $144K | ﹤0.01% |
+23,949
| New | +$148K |
|
5183
Stoke Therapeutics
STOK
$1.84B
| $143K | ﹤0.01% |
+12,604
| New | +$120K |
|
5184
Coursera
COUR
$1.77B
| $143K | ﹤0.01% |
16,287
-29
| -0.2% | -$238 |
|
5185
ASP Isotopes
ASPI
$446M
| $142K | ﹤0.01% |
+19,227
| New | +$129K |
|
|
VERV
5186
DELISTED
Verve Therapeutics
VERV
| $141K | ﹤0.01% |
+12,597
| New | +$71.8K |
|
|
FOLD
5187
DELISTED
Amicus Therapeutics
FOLD
| $140K | ﹤0.01% |
24,417
+12,752
| +109% | +$82.3K |
|
5188
Core Laboratories
CLB
$455M
| $140K | ﹤0.01% |
12,113
-2,536
| -17% | -$30.1K |
|
5189
American Coastal Insurance
ACIC
$536M
| $139K | ﹤0.01% |
12,509
-149
| -1% | -$1.64K |
|
|
WSBK
5190
Winchester Bancorp
WSBK
$117M
| $139K | ﹤0.01% |
+15,500
| New | +$143K |
|
|
TDF
5191
Templeton Dragon Fund
TDF
$269M
| $139K | ﹤0.01% |
13,870
-1,106
| -7% | -$10.5K |
|
5192
Krispy Kreme
DNUT
$562M
| $138K | ﹤0.01% |
47,582
-66,553
| -58% | -$232K |
|
|
DHC
5193
Diversified Healthcare Trust
DHC
$2.15B
| $137K | ﹤0.01% |
38,178
+5,531
| +17% | +$16K |
|
5194
Cogent Biosciences
COGT
$6.76B
| $136K | ﹤0.01% |
19,003
| – | – |
|
|
BGX
5195
Blackstone Long-Short Credit Income Fund
BGX
$135M
| $136K | ﹤0.01% |
10,991
-4,329
| -28% | -$52.2K |
|
|
SHYF
5196
DELISTED
The Shyft Group
SHYF
| $136K | ﹤0.01% |
+10,856
| New | +$106K |
|
|
IRBT
5197
DELISTED
iRobot
IRBT
| $136K | ﹤0.01% |
43,412
-55
| -0.1% | -$152 |
|
5198
ChargePoint
CHPT
$134M
| $136K | ﹤0.01% |
9,638
+37
| +0.4% | +$496 |
|
5199
NovaGold Resources
NG
$2.54B
| $136K | ﹤0.01% |
33,142
-5,680
| -15% | -$21.3K |
|
|
CANG
5200
Cango Inc
CANG
$64M
| $135K | ﹤0.01% |
2,789
+700
| +34% | +$30.2K |
|
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.