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 | |
|---|---|---|---|---|---|---|
1201
Fidelity Low Duration Bond Factor ETF
FLDR
$1.98B
| $21.9M | 0.01% |
437,103
+39,668
| +10% | +$1.98M |
|
1202
Avantis US Large Cap Equity ETF
AVLC
$1.33B
| $21.9M | 0.01% |
307,839
+109,399
| +55% | +$7.18M |
|
1203
Aon
AON
$80.6B
| $21.8M | 0.01% |
61,218
-6,675
| -10% | -$2.42M |
|
1204
Sprott Physical Gold and Silver Trust
CEF
$7.38B
| $21.8M | 0.01% |
724,196
+70,432
| +11% | +$2.06M |
|
1205
iShares Global Consumer Staples ETF
KXI
$1.09B
| $21.8M | 0.01% |
332,990
+254,000
| +322% | +$16.6M |
|
1206
Cognizant
CTSH
$26.5B
| $21.7M | 0.01% |
278,702
+17,233
| +7% | +$1.32M |
|
1207
Invesco NASDAQ Internet ETF
PNQI
$527M
| $21.7M | 0.01% |
415,174
-49,291
| -11% | -$2.31M |
|
1208
iShares Morningstar Small-Cap Growth ETF
ISCG
$957M
| $21.6M | 0.01% |
434,903
+38,089
| +10% | +$1.76M |
|
1209
DuPont de Nemours
DD
$18.6B
| $21.6M | 0.01% |
250,946
-4,082
| -2% | -$339K |
|
1210
First Trust Indxx NextG ETF
NXTG
$523M
| $21.5M | 0.01% |
221,242
+3,548
| +2% | +$315K |
|
1211
Invesco CEF Income Composite ETF
PCEF
$788M
| $21.5M | 0.01% |
1,101,222
+142,602
| +15% | +$2.66M |
|
1212
Constellation Brands
STZ
$22.5B
| $21.5M | 0.01% |
132,212
+1,266
| +1% | +$227K |
|
1213
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.37B
| $21.5M | 0.01% |
544,731
-458,715
| -46% | -$16.7M |
|
1214
Twilio
TWLO
$28.6B
| $21.5M | 0.01% |
172,825
+21,297
| +14% | +$2.26M |
|
1215
Curtiss-Wright
CW
$25.1B
| $21.4M | 0.01% |
43,872
+9,561
| +28% | +$3.77M |
|
1216
iShares US Consumer Discretionary ETF
IYC
$1.16B
| $21.4M | 0.01% |
215,011
+29,866
| +16% | +$2.77M |
|
1217
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.14B
| $21.4M | 0.01% |
327,298
+39,015
| +14% | +$2.49M |
|
1218
Carnival Corporation Ltd
CCL
$38.1B
| $21.4M | 0.01% |
760,362
+46,049
| +6% | +$985K |
|
1219
KraneShares CSI China Internet ETF
KWEB
$5.5B
| $21.3M | 0.01% |
621,602
-84,699
| -12% | -$2.81M |
|
1220
Omega Healthcare
OHI
$15.3B
| $21.2M | 0.01% |
579,519
+73,439
| +15% | +$2.73M |
|
1221
Amcor
AMCR
$21.2B
| $21.2M | 0.01% |
461,601
+60,124
| +15% | +$2.77M |
|
1222
Columbia Diversified Fixed Income Allocation ETF
DIAL
$386M
| $21.2M | 0.01% |
1,161,741
+104,518
| +10% | +$1.87M |
|
1223
GraniteShares Gold Shares
BAR
$1.36B
| $21.1M | 0.01% |
646,000
-34,781
| -5% | -$1.13M |
|
1224
iShares MSCI Brazil ETF
EWZ
$8.98B
| $21M | 0.01% |
729,400
+388,472
| +114% | +$10.5M |
|
|
HOLX
1225
DELISTED
Hologic
HOLX
| $21M | 0.01% |
322,572
+25,726
| +9% | +$1.54M |
|
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.