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 | |
|---|---|---|---|---|---|---|
1301
Pacer Trendpilot US Mid Cap ETF
PTMC
$388M
| $18.9M | 0.01% |
540,717
-9,705
| -2% | -$337K |
|
1302
Invesco S&P Emerging Markets Low Volatility ETF
EELV
$430M
| $18.8M | 0.01% |
721,517
-20,588
| -3% | -$518K |
|
1303
PIMCO Senior Loan Active Exchange-Traded Fund
LONZ
$579M
| $18.8M | 0.01% |
369,245
+49,169
| +15% | +$2.47M |
|
1304
Fidelity Value Factor ETF
FVAL
$1.29B
| $18.8M | 0.01% |
294,469
+40,388
| +16% | +$2.42M |
|
1305
VanEck Video Gaming and eSports ETF
ESPO
$251M
| $18.8M | 0.01% |
171,599
+79,484
| +86% | +$7.74M |
|
1306
Sony
SONY
$137B
| $18.7M | 0.01% |
719,112
-8,617
| -1% | -$216K |
|
1307
SoundHound AI
SOUN
$2.48B
| $18.7M | 0.01% |
1,741,971
+395,166
| +29% | +$3.72M |
|
1308
AeroVironment
AVAV
$7.19B
| $18.7M | 0.01% |
65,552
+29,169
| +80% | +$4.94M |
|
1309
Cohen & Steers REIT and Preferred and Income Fund
RNP
$989M
| $18.6M | 0.01% |
818,404
+52,740
| +7% | +$1.13M |
|
1310
State Street SPDR S&P 500 ESG ETF
EFIV
$967M
| $18.6M | 0.01% |
317,842
-39,213
| -11% | -$2.12M |
|
1311
BNY Mellon International Equity ETF
BKIE
$1.28B
| $18.6M | 0.01% |
647,442
+194,094
| +43% | +$5.23M |
|
1312
Jackson Financial
JXN
$8.4B
| $18.6M | 0.01% |
209,398
+23,496
| +13% | +$1.9M |
|
1313
Canadian Pacific Kansas City
CP
$81B
| $18.6M | 0.01% |
234,377
-2,907
| -1% | -$224K |
|
1314
Sterling Infrastructure
STRL
$15.2B
| $18.5M | 0.01% |
80,375
+20,512
| +34% | +$3.58M |
|
1315
Invesco MSCI USA ETF
PBUS
$11.1B
| $18.5M | 0.01% |
297,938
-11,481
| -4% | -$659K |
|
1316
Royal Bank of Canada
RY
$287B
| $18.4M | 0.01% |
140,173
-2,219
| -2% | -$271K |
|
1317
Extra Space Storage
EXR
$32.3B
| $18.4M | 0.01% |
124,558
+10,512
| +9% | +$1.53M |
|
1318
Citizens Financial Group
CFG
$30.1B
| $18.3M | 0.01% |
409,685
+3,888
| +1% | +$153K |
|
1319
FT Vest Buffered Allocation Growth ETF
BUFG
$322M
| $18.3M | 0.01% |
717,169
-107,192
| -13% | -$2.59M |
|
1320
Global X SuperDividend ETF
SDIV
$1.21B
| $18.2M | 0.01% |
808,842
+51,428
| +7% | +$1.08M |
|
1321
HSBC
HSBC
$352B
| $18.2M | 0.01% |
299,844
+66,194
| +28% | +$3.77M |
|
1322
Expeditors International
EXPD
$22.3B
| $18.2M | 0.01% |
159,271
+19,366
| +14% | +$2.17M |
|
1323
Stride
LRN
$4.16B
| $18.2M | 0.01% |
125,301
+5,919
| +5% | +$856K |
|
1324
Global X Adaptive US Risk Management ETF
ONOF
$135M
| $18.2M | 0.01% |
529,985
+6,836
| +1% | +$219K |
|
1325
iShares Cybersecurity and Tech ETF
IHAK
$988M
| $18.2M | 0.01% |
341,669
+23,521
| +7% | +$1.17M |
|
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.