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 | |
|---|---|---|---|---|---|---|
|
CGGE
1251
Capital Group Global Equity ETF
CGGE
$2.85B
| $20M | 0.01% |
683,500
+428,255
| +168% | +$11.6M |
|
1252
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.07B
| $19.9M | 0.01% |
372,601
-13,755
| -4% | -$691K |
|
1253
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
$2.22B
| $19.9M | 0.01% |
374,310
+200,596
| +115% | +$9.96M |
|
1254
BJs Wholesale Club
BJ
$12.8B
| $19.8M | 0.01% |
183,953
+20,234
| +12% | +$2.31M |
|
|
ETJ
1255
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$556M
| $19.8M | 0.01% |
2,193,740
+49,462
| +2% | +$426K |
|
|
EIPI
1256
FT Energy Income Partners Enhanced Income ETF
EIPI
$1.07B
| $19.8M | 0.01% |
1,005,342
+7,752
| +0.8% | +$150K |
|
1257
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.45B
| $19.8M | 0.01% |
387,090
+54,617
| +16% | +$2.8M |
|
1258
Aptus Collared Investment Opportunity ETF
ACIO
$2.31B
| $19.8M | 0.01% |
478,149
+19,598
| +4% | +$771K |
|
1259
West Pharmaceutical
WST
$23.7B
| $19.8M | 0.01% |
90,461
+16,665
| +23% | +$3.56M |
|
1260
Reinsurance Group of America
RGA
$15.5B
| $19.8M | 0.01% |
99,757
-3,767
| -4% | -$735K |
|
1261
Manulife Financial
MFC
$73B
| $19.8M | 0.01% |
617,993
+44,757
| +8% | +$1.38M |
|
1262
Nuveen ESG Mid-Cap Value ETF
NUMV
$448M
| $19.7M | 0.01% |
547,029
+15,576
| +3% | +$532K |
|
1263
Jacobs Solutions
J
$16B
| $19.7M | 0.01% |
149,780
+38,137
| +34% | +$4.7M |
|
1264
Calamos Strategic Total Return Fund
CSQ
$3.13B
| $19.7M | 0.01% |
1,078,841
+19,056
| +2% | +$316K |
|
1265
iShares MSCI Switzerland ETF
EWL
$2.17B
| $19.6M | 0.01% |
358,211
-3,243
| -0.9% | -$173K |
|
1266
CRH
CRH
$66.6B
| $19.6M | 0.01% |
213,728
+13,972
| +7% | +$1.27M |
|
1267
Dollar General
DG
$28.4B
| $19.6M | 0.01% |
171,459
-5,817
| -3% | -$577K |
|
1268
Paycom
PAYC
$7.88B
| $19.6M | 0.01% |
84,740
+15,231
| +22% | +$3.61M |
|
1269
Fidelity High Yield Factor ETF
FDHY
$567M
| $19.6M | 0.01% |
400,801
+47,177
| +13% | +$2.26M |
|
1270
Tetra Tech
TTEK
$8.77B
| $19.6M | 0.01% |
543,895
-29,118
| -5% | -$969K |
|
1271
Jefferies Financial Group
JEF
$12.7B
| $19.5M | 0.01% |
357,348
+10,466
| +3% | +$518K |
|
1272
iShares MSCI Europe Financials ETF
EUFN
$4B
| $19.5M | 0.01% |
617,534
+201,159
| +48% | +$6.08M |
|
1273
iShares Europe ETF
IEV
$1.64B
| $19.5M | 0.01% |
307,926
-98,109
| -24% | -$5.96M |
|
1274
iShares MSCI Intl Value Factor ETF
IVLU
$4.32B
| $19.5M | 0.01% |
591,834
+51,880
| +10% | +$1.63M |
|
1275
Idexx Laboratories
IDXX
$44.9B
| $19.4M | 0.01% |
36,092
-1,408
| -4% | -$673K |
|
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.