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 | |
|---|---|---|---|---|---|---|
626
VanEck CLO ETF
CLOI
$1.49B
| $69.5M | 0.02% |
1,313,075
+29,816
| +2% | +$1.57M |
|
627
Iron Mountain
IRM
$37.4B
| $69.1M | 0.02% |
673,596
+42,787
| +7% | +$4.03M |
|
628
Trade Desk
TTD
$8.89B
| $68.9M | 0.02% |
957,711
+57,254
| +6% | +$3.66M |
|
629
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.41B
| $68.6M | 0.02% |
872,484
+7,837
| +0.9% | +$586K |
|
630
First Trust US Equity Opportunities ETF
FPX
$1.47B
| $68.1M | 0.02% |
470,048
+79,942
| +20% | +$10.1M |
|
631
Avantis International Small Cap Value ETF
AVDV
$18.8B
| $68.1M | 0.02% |
858,900
+35,394
| +4% | +$2.62M |
|
632
Fidelity Enhanced Large Cap Growth ETF
FELG
$5.37B
| $68M | 0.02% |
1,836,582
+592,630
| +48% | +$19.8M |
|
633
Toews Agility Shares Managed Risk ETF
MRSK
$312M
| $67.9M | 0.02% |
2,021,927
+376,564
| +23% | +$12.1M |
|
634
Public Service Enterprise Group
PEG
$39.3B
| $67.6M | 0.02% |
802,846
+69,617
| +9% | +$5.61M |
|
635
First Trust Utilities AlphaDEX Fund
FXU
$836M
| $67.4M | 0.02% |
1,589,604
+524,892
| +49% | +$21.8M |
|
636
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$3.07B
| $67.3M | 0.02% |
2,184,358
+225,114
| +11% | +$6.91M |
|
637
Vanguard Industrials ETF
VIS
$8.22B
| $67.2M | 0.02% |
239,968
+33,512
| +16% | +$8.66M |
|
638
L3Harris
LHX
$56.9B
| $67.2M | 0.02% |
267,870
+22,122
| +9% | +$5.08M |
|
639
State Street SPDR Russell 1000 Yield Focus ETF
ONEY
$689M
| $66.7M | 0.02% |
615,970
+7,311
| +1% | +$772K |
|
640
Invesco Short Term Treasury ETF
TBLL
$2.61B
| $66.7M | 0.02% |
631,723
+18,384
| +3% | +$1.94M |
|
641
First Trust Global Tactical Commodity Strategy Fund
FTGC
$2.95B
| $66.4M | 0.02% |
2,693,294
-167,720
| -6% | -$4.12M |
|
642
Zoetis
ZTS
$32.5B
| $66.3M | 0.02% |
425,321
-11,983
| -3% | -$1.9M |
|
643
Schwab US Broad Market ETF
SCHB
$42.9B
| $65.7M | 0.02% |
2,757,897
+83,681
| +3% | +$1.84M |
|
644
Marathon Petroleum
MPC
$89.3B
| $65.6M | 0.02% |
394,971
-17,158
| -4% | -$2.57M |
|
645
iShares US Small Cap Equity Factor ETF
SMLF
$4.11B
| $65.5M | 0.02% |
963,855
+332,983
| +53% | +$21.1M |
|
646
iShares US Consumer Staples ETF
IYK
$1.44B
| $64.8M | 0.02% |
919,966
+61,584
| +7% | +$4.34M |
|
647
EOG Resources
EOG
$74.4B
| $64.8M | 0.02% |
541,747
+27,011
| +5% | +$3.09M |
|
648
Valero Energy
VLO
$88.7B
| $64.8M | 0.02% |
481,763
+8,900
| +2% | +$1.11M |
|
649
iShares Convertible Bond ETF
ICVT
$7.11B
| $64.7M | 0.02% |
718,250
-229,797
| -24% | -$19.7M |
|
650
O'Reilly Automotive
ORLY
$75.6B
| $64.5M | 0.02% |
715,576
+112,606
| +19% | +$10.3M |
|
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.