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 | |
|---|---|---|---|---|---|---|
1576
FlexShares Quality Dividend Defensive Index Fund
QDEF
$545M
| $12.2M | ﹤0.01% |
164,500
+13,063
| +9% | +$915K |
|
1577
RPM International
RPM
$13.8B
| $12.2M | ﹤0.01% |
110,885
-8,997
| -8% | -$989K |
|
1578
iShares iBonds Dec 2028 Term Treasury ETF
IBTI
$1.88B
| $12.2M | ﹤0.01% |
544,355
+39,125
| +8% | +$870K |
|
1579
argenx
ARGX
$55.2B
| $12.2M | ﹤0.01% |
22,054
+1,174
| +6% | +$681K |
|
1580
Ollie's Bargain Outlet
OLLI
$4.31B
| $12.2M | ﹤0.01% |
92,234
-2,685
| -3% | -$307K |
|
1581
Baker Hughes
BKR
$58.3B
| $12.2M | ﹤0.01% |
316,954
+7,512
| +2% | +$283K |
|
1582
Plains All American Pipeline
PAA
$17.6B
| $12.1M | ﹤0.01% |
662,843
+45,847
| +7% | +$800K |
|
1583
iShares US Healthcare Providers ETF
IHF
$1.22B
| $12.1M | ﹤0.01% |
248,723
-18,104
| -7% | -$892K |
|
1584
Centrus Energy
LEU
$3.14B
| $12.1M | ﹤0.01% |
66,026
+31,925
| +94% | +$3.41M |
|
1585
WisdomTree US MidCap Fund
EZM
$939M
| $12.1M | ﹤0.01% |
195,415
-3,549
| -2% | -$209K |
|
1586
Schwab Fundamental US Small Company Index ETF
FNDA
$9.1B
| $12.1M | ﹤0.01% |
420,786
+24,320
| +6% | +$660K |
|
1587
Cohen & Steers Closed End Opportunity Fund
FOF
$369M
| $12.1M | ﹤0.01% |
954,950
+46,984
| +5% | +$559K |
|
1588
IQ MacKay Municipal Insured ETF
MMIN
$466M
| $12M | ﹤0.01% |
515,664
-40,445
| -7% | -$939K |
|
1589
Teradyne
TER
$50B
| $12M | ﹤0.01% |
133,636
+11,199
| +9% | +$895K |
|
1590
Hims & Hers Health
HIMS
$5.79B
| $12M | ﹤0.01% |
240,971
+142,270
| +144% | +$6.43M |
|
1591
iShares North American Natural Resources ETF
IGE
$733M
| $12M | ﹤0.01% |
270,411
+553
| +0.2% | +$23.7K |
|
1592
Kinsale Capital Group
KNSL
$8.58B
| $11.9M | ﹤0.01% |
24,692
+2,028
| +9% | +$946K |
|
|
BSCY
1593
Invesco BulletShares 2034 Corporate Bond ETF
BSCY
$551M
| $11.9M | ﹤0.01% |
575,744
+108,692
| +23% | +$2.21M |
|
1594
Franklin FTSE United Kingdom ETF
FLGB
$897M
| $11.9M | ﹤0.01% |
389,894
-46,228
| -11% | -$1.36M |
|
1595
Allegion
ALLE
$13.5B
| $11.9M | ﹤0.01% |
82,844
+3,947
| +5% | +$540K |
|
1596
Franklin US Small Cap Multifactor Index ETF
FLQS
$52.2M
| $11.9M | ﹤0.01% |
289,786
+22,210
| +8% | +$875K |
|
1597
WisdomTree True Developed International Fund
DOL
$809M
| $11.9M | ﹤0.01% |
199,912
+15,186
| +8% | +$873K |
|
1598
Global X Dow 30 Covered Call ETF
DJIA
$182M
| $11.9M | ﹤0.01% |
547,726
-752
| -0.1% | -$16K |
|
1599
Rubrik
RBRK
$14.8B
| $11.9M | ﹤0.01% |
132,491
+32,677
| +33% | +$2.58M |
|
|
AOD
1600
abrdn Total Dynamic Dividend Fund
AOD
$1.08B
| $11.9M | ﹤0.01% |
1,339,637
+245,187
| +22% | +$2.05M |
|
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.