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 | |
|---|---|---|---|---|---|---|
|
MESO
5251
CALL
Mesoblast
MESO
$1.83B
| $109K | ﹤0.01% |
10,000
| – | – |
|
5252
Heron Therapeutics
HRTX
$93.4M
| $109K | ﹤0.01% |
52,503
-15,220
| -22% | -$31.1K |
|
|
AEF
5253
abrdn Emerging Markets Equity Income Fund
AEF
$329M
| $107K | ﹤0.01% |
+18,015
| New | +$95.7K |
|
5254
Vir Biotechnology
VIR
$1.46B
| $107K | ﹤0.01% |
21,226
+6,817
| +47% | +$36.5K |
|
5255
Protara Therapeutics
TARA
$214M
| $106K | ﹤0.01% |
35,000
+12,000
| +52% | +$41.4K |
|
|
RPC
5256
Ridgepost Capital
RPC
$926M
| $106K | ﹤0.01% |
+10,375
| New | +$111K |
|
5257
NET Power
NPWR
$120M
| $106K | ﹤0.01% |
42,885
+9,414
| +28% | +$19.8K |
|
5258
Zevia
ZVIA
$118M
| $105K | ﹤0.01% |
+32,500
| New | +$85.5K |
|
5259
Petco
WOOF
$797M
| $103K | ﹤0.01% |
36,534
+6,008
| +20% | +$18.7K |
|
5260
Bit Digital
BTBT
$428M
| $103K | ﹤0.01% |
46,890
+19,299
| +70% | +$42.6K |
|
5261
Resources Connection
RGP
$140M
| $103K | ﹤0.01% |
19,117
-363
| -2% | -$1.97K |
|
5262
Humacyte Inc Warrant
HUMAW
$1.41M
| $101K | ﹤0.01% |
259,115
-20,000
| -7% | -$8.68K |
|
5263
Medallion Financial
MFIN
$230M
| $101K | ﹤0.01% |
10,578
-334
| -3% | -$3.03K |
|
|
ONL
5264
Orion Office REIT
ONL
$151M
| $100K | ﹤0.01% |
47,138
-1,515
| -3% | -$2.89K |
|
5265
CALL
Teladoc Health
TDOC
$1.66B
| $100K | ﹤0.01% |
+11,500
| New | +$83.4K |
|
|
FIRY
5266
Firy Inc
FIRY
$154M
| $100K | ﹤0.01% |
14,679
-100
| -0.7% | -$555 |
|
5267
INmune Bio
INMB
$44.9M
| $99.7K | ﹤0.01% |
+43,172
| New | +$317K |
|
5268
The Honest Company
HNST
$412M
| $99.1K | ﹤0.01% |
19,465
-8,016
| -29% | -$38.4K |
|
5269
Lexicon Pharmaceuticals
LXRX
$1.03B
| $98.8K | ﹤0.01% |
104,433
+33,476
| +47% | +$21.7K |
|
|
IAE
5270
Voya Asia Pacific High Dividend Equity Income Fund
IAE
$88.9M
| $98.3K | ﹤0.01% |
13,962
-298
| -2% | -$1.91K |
|
|
INN
5271
Summit Hotel Properties
INN
$766M
| $97.8K | ﹤0.01% |
19,205
+1,005
| +6% | +$4.42K |
|
5272
Editas Medicine
EDIT
$399M
| $96.6K | ﹤0.01% |
43,930
-2,556
| -5% | -$4.18K |
|
5273
NGL Energy Partners
NGL
$1.94B
| $96.1K | ﹤0.01% |
22,495
+983
| +5% | +$3.52K |
|
5274
PUT
CION Investment
CION
$297M
| $95.7K | ﹤0.01% |
+10,000
| New | +$95.1K |
|
|
CRON
5275
CALL
Cronos Group
CRON
$1.07B
| $95.5K | ﹤0.01% |
+50,000
| New | +$94.8K |
|
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.