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 | |
|---|---|---|---|---|---|---|
5301
Empire State Realty Series ES
ESBA
$1.57B
| $81.2K | ﹤0.01% |
10,314
+76
| +0.7% | +$571 |
|
|
BORR
5302
Borr Drilling
BORR
$1.19B
| $80.4K | ﹤0.01% |
43,941
-20,000
| -31% | -$37.8K |
|
|
NAK
5303
Northern Dynasty Minerals
NAK
$773M
| $80.4K | ﹤0.01% |
60,000
+18,300
| +44% | +$20.4K |
|
|
OCFT
5304
DELISTED
OneConnect Financial Technology
OCFT
| $80.1K | ﹤0.01% |
11,120
+120
| +1% | +$799 |
|
|
NNDM
5305
Nano Dimension
NNDM
$314M
| $79.5K | ﹤0.01% |
49,086
+7,154
| +17% | +$10.9K |
|
5306
Accuray
ARAY
$27.5M
| $79K | ﹤0.01% |
57,667
+40,930
| +245% | +$60.6K |
|
|
MCW
5307
DELISTED
Mister Car Wash
MCW
| $77.8K | ﹤0.01% |
12,950
-1,634
| -11% | -$11.5K |
|
5308
Alta Equipment Group
ALTG
$194M
| $77.4K | ﹤0.01% |
12,242
-68,200
| -85% | -$345K |
|
|
AUTL
5309
Autolus Therapeutics
AUTL
$389M
| $76.7K | ﹤0.01% |
33,625
+2,750
| +9% | +$4.55K |
|
5310
Ring Energy
REI
$307M
| $76.5K | ﹤0.01% |
96,410
+39,808
| +70% | +$33.7K |
|
5311
Data Storage Corp
DTST
$6.85M
| $75.5K | ﹤0.01% |
22,006
-3,500
| -14% | -$12.7K |
|
|
PNI
5312
PIMCO New York Municipal Income Fund II
PNI
$76.8M
| $74.8K | ﹤0.01% |
11,124
-7,901
| -42% | -$53.4K |
|
5313
TETRA Technologies
TTI
$1.08B
| $73.7K | ﹤0.01% |
21,921
+895
| +4% | +$2.6K |
|
5314
PSQ Holdings
PSQH
$12.4M
| $73.4K | ﹤0.01% |
2,386
+87
| +4% | +$2.66K |
|
|
ADAM
5315
Adamas Trust
ADAM
$777M
| $73.1K | ﹤0.01% |
10,912
+525
| +5% | +$3.33K |
|
5316
Emergent Biosolutions
EBS
$379M
| $71.9K | ﹤0.01% |
11,269
+413
| +4% | +$2.36K |
|
5317
Designer Brands
DBI
$315M
| $71.9K | ﹤0.01% |
30,205
+48
| +0.2% | +$145 |
|
5318
Evolution Petroleum
EPM
$133M
| $70.3K | ﹤0.01% |
14,968
+40
| +0.3% | +$181 |
|
5319
Incannex Healthcare
IXHL
$34.8M
| $69.9K | ﹤0.01% |
+10,797
| New | +$107K |
|
5320
CALL
Peloton Interactive
PTON
$2.85B
| $69.4K | ﹤0.01% |
+10,000
| New | +$65K |
|
|
SFIX
5321
Stitch Fix
SFIX
$566M
| $69.4K | ﹤0.01% |
18,753
+315
| +2% | +$1.18K |
|
5322
Marchex
MCHX
$77.8M
| $68.4K | ﹤0.01% |
31,240
| – | – |
|
|
NOTE
5323
DELISTED
FiscalNote
NOTE
| $68.2K | ﹤0.01% |
10,594
+8,148
| +333% | +$61.1K |
|
5324
Pangaea Logistics
PANL
$484M
| $67.8K | ﹤0.01% |
14,425
| – | – |
|
5325
Beyond Meat
BYND
$274M
| $67.5K | ﹤0.01% |
19,335
-340
| -2% | -$985 |
|
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.