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 | |
|---|---|---|---|---|---|---|
1476
ICICI Bank
IBN
$107B
| $14.1M | ﹤0.01% |
419,681
+38,883
| +10% | +$1.29M |
|
|
SQEW
1477
DELISTED
LeaderShares Equity Skew ETF
SQEW
| $14.1M | ﹤0.01% |
429,834
-95,141
| -18% | -$2.96M |
|
1478
GoDaddy
GDDY
$13.9B
| $14.1M | ﹤0.01% |
78,355
-5,434
| -6% | -$975K |
|
1479
HEICO Corp
HEI
$49.6B
| $14.1M | ﹤0.01% |
42,969
+19,018
| +79% | +$5.26M |
|
|
CHY
1480
Calamos Convertible and High Income Fund
CHY
$978M
| $14.1M | ﹤0.01% |
1,282,380
+28,976
| +2% | +$298K |
|
1481
Fidelity MSCI Industrials Index ETF
FIDU
$2.26B
| $14.1M | ﹤0.01% |
181,712
+3,368
| +2% | +$241K |
|
1482
UGI
UGI
$7.87B
| $14.1M | ﹤0.01% |
386,639
-4,152
| -1% | -$143K |
|
1483
e.l.f. Beauty
ELF
$4.77B
| $14.1M | ﹤0.01% |
113,151
-5,136
| -4% | -$438K |
|
1484
Quest Diagnostics
DGX
$26B
| $14.1M | ﹤0.01% |
78,250
+14,295
| +22% | +$2.48M |
|
1485
Comfort Systems
FIX
$53.5B
| $14M | ﹤0.01% |
26,063
+2,543
| +11% | +$1.11M |
|
1486
Texas Pacific Land
TPL
$26.9B
| $13.9M | ﹤0.01% |
39,570
+5,430
| +16% | +$2.22M |
|
1487
Invesco PHLX Semiconductor ETF
SOXQ
$2.11B
| $13.9M | ﹤0.01% |
318,957
-40,267
| -11% | -$1.47M |
|
1488
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.41B
| $13.9M | ﹤0.01% |
524,643
+54,052
| +11% | +$1.32M |
|
1489
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.51B
| $13.9M | ﹤0.01% |
375,703
-184,545
| -33% | -$6.66M |
|
1490
Innovator US Equity Power Buffer ETF September
PSEP
$839M
| $13.9M | ﹤0.01% |
338,746
+19,679
| +6% | +$767K |
|
|
OAKM
1491
Oakmark U.S. Large Cap ETF
OAKM
$1.13B
| $13.8M | ﹤0.01% |
+539,286
| New | +$13M |
|
1492
Roundhill Generative AI & Technology ETF
CHAT
$1.58B
| $13.8M | ﹤0.01% |
282,650
+36,213
| +15% | +$1.44M |
|
1493
Invesco Financial Preferred ETF
PGF
$674M
| $13.8M | ﹤0.01% |
975,225
-266,590
| -21% | -$3.74M |
|
1494
Harbor Dividend Growth Leaders ETF
GDIV
$235M
| $13.7M | ﹤0.01% |
888,016
-157,471
| -15% | -$2.29M |
|
1495
First Trust Indxx Aerospace & Defense ETF
MISL
$732M
| $13.7M | ﹤0.01% |
367,152
+18,269
| +5% | +$604K |
|
1496
DT Midstream
DTM
$13.9B
| $13.7M | ﹤0.01% |
124,777
+15,315
| +14% | +$1.55M |
|
1497
Tenet Healthcare
THC
$22.2B
| $13.7M | ﹤0.01% |
77,794
+8,766
| +13% | +$1.32M |
|
|
DOCU
1498
DocuSign
DOCU
$11.1B
| $13.7M | ﹤0.01% |
175,473
-17,820
| -9% | -$1.44M |
|
1499
RBC Bearings
RBC
$17.4B
| $13.7M | ﹤0.01% |
35,499
+1,052
| +3% | +$371K |
|
1500
First Trust Horizon Managed Volatility Domestic ETF
HUSV
$76.8M
| $13.6M | ﹤0.01% |
340,803
-18,498
| -5% | -$729K |
|
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.