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 | |
|---|---|---|---|---|---|---|
1051
Unum
UNM
$13.4B
| $28.1M | 0.01% |
347,417
+45,733
| +15% | +$3.61M |
|
1052
eBay
EBAY
$51.2B
| $27.9M | 0.01% |
375,210
+17,526
| +5% | +$1.24M |
|
1053
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.74B
| $27.9M | 0.01% |
293,665
+51,335
| +21% | +$4.78M |
|
1054
Franklin FTSE Japan ETF
FLJP
$3.86B
| $27.9M | 0.01% |
867,229
-126,186
| -13% | -$3.85M |
|
1055
Invesco S&P Ultra Dividend Revenue ETF
RDIV
$1.4B
| $27.9M | 0.01% |
582,399
+65,413
| +13% | +$3.04M |
|
1056
ARK Autonomous Technology & Robotics ETF
ARKQ
$1.81B
| $27.7M | 0.01% |
310,658
+72,079
| +30% | +$5.42M |
|
1057
iShares iBonds Dec 2026 Term Treasury ETF
IBTG
$2.24B
| $27.7M | 0.01% |
1,205,892
+121,503
| +11% | +$2.78M |
|
1058
D.R. Horton
DHI
$41.2B
| $27.5M | 0.01% |
213,531
+16,506
| +8% | +$2.03M |
|
1059
Hartford Financial Services
HIG
$39.9B
| $27.5M | 0.01% |
216,857
+4,983
| +2% | +$619K |
|
|
SYFI
1060
AB Short Duration High Yield ETF
SYFI
$921M
| $27.4M | 0.01% |
762,347
+108,348
| +17% | +$3.83M |
|
1061
Principal Active High Yield ETF
YLD
$569M
| $27.4M | 0.01% |
1,412,126
+20,543
| +1% | +$388K |
|
1062
First Trust Emerging Markets AlphaDEX Fund
FEM
$717M
| $27.3M | 0.01% |
1,113,499
+32,647
| +3% | +$759K |
|
1063
JPMorgan International Growth ETF
JIG
$455M
| $27M | 0.01% |
377,859
-32,767
| -8% | -$2.18M |
|
1064
LyondellBasell Industries
LYB
$19.5B
| $27M | 0.01% |
466,713
-159,315
| -25% | -$9.29M |
|
1065
Genuine Parts
GPC
$17.9B
| $27M | 0.01% |
222,275
+18,974
| +9% | +$2.28M |
|
1066
Wabtec
WAB
$49.3B
| $26.9M | 0.01% |
128,627
+6,160
| +5% | +$1.18M |
|
1067
iShares iBonds Dec 2027 Term Treasury ETF
IBTH
$2.25B
| $26.9M | 0.01% |
1,196,483
+427,586
| +56% | +$9.58M |
|
1068
iShares ESG Advanced Universal USD Bond ETF
EUSB
$711M
| $26.9M | 0.01% |
617,316
+141,002
| +30% | +$6.06M |
|
|
VPLS
1069
Vanguard Core Plus Bond ETF
VPLS
$1.65B
| $26.8M | 0.01% |
344,677
+86,508
| +34% | +$6.64M |
|
1070
iShares US Energy ETF
IYE
$1.72B
| $26.8M | 0.01% |
592,163
-15,944
| -3% | -$705K |
|
1071
Cincinnati Financial
CINF
$27.8B
| $26.7M | 0.01% |
179,442
+19,117
| +12% | +$2.74M |
|
1072
First Trust Short Duration Managed Municipal ETF
FSMB
$619M
| $26.7M | 0.01% |
1,341,616
+105,547
| +9% | +$2.09M |
|
|
OKLO
1073
Oklo
OKLO
$6.41B
| $26.7M | 0.01% |
476,655
+211,414
| +80% | +$8.15M |
|
1074
FlexShares Quality Dividend Index Fund
QDF
$2.2B
| $26.7M | 0.01% |
364,554
-720
| -0.2% | -$49.3K |
|
1075
iShares Interest Rate Hedged Corporate Bond ETF
LQDH
$503M
| $26.7M | 0.01% |
288,521
+15,954
| +6% | +$1.46M |
|
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.