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 | |
|---|---|---|---|---|---|---|
1626
Tapestry
TPR
$30.3B
| $11.3M | ﹤0.01% |
128,862
-5,749
| -4% | -$435K |
|
1627
Innovator US Equity Power Buffer ETF November
PNOV
$874M
| $11.3M | ﹤0.01% |
286,142
-33,134
| -10% | -$1.25M |
|
1628
iShares Global Healthcare ETF
IXJ
$4.16B
| $11.2M | ﹤0.01% |
130,476
-13,082
| -9% | -$1.13M |
|
1629
Simplify Stable Income ETF
BUCK
$480M
| $11.2M | ﹤0.01% |
474,377
+25,272
| +6% | +$597K |
|
1630
Cambria Emerging Shareholder Yield ETF
EYLD
$818M
| $11.2M | ﹤0.01% |
310,251
-220,782
| -42% | -$7.32M |
|
1631
FT Vest US Equity Buffer ETF November
FNOV
$1.19B
| $11.2M | ﹤0.01% |
223,521
+10,874
| +5% | +$515K |
|
1632
Innovator US Equity Power Buffer ETF July
PJUL
$1.22B
| $11.2M | ﹤0.01% |
255,366
+10,913
| +4% | +$447K |
|
1633
Virtus Newfleet Multi-Sector Bond ETF
NFLT
$445M
| $11.2M | ﹤0.01% |
490,171
+142,937
| +41% | +$3.21M |
|
1634
Centene
CNC
$30.5B
| $11.2M | ﹤0.01% |
205,893
-27,733
| -12% | -$1.63M |
|
1635
Fidelity Low Volatility Factor ETF
FDLO
$1.42B
| $11.1M | ﹤0.01% |
177,522
-19,638
| -10% | -$1.18M |
|
1636
VanEck Mortgage REIT Income ETF
MORT
$367M
| $11.1M | ﹤0.01% |
1,053,927
-313,012
| -23% | -$3.18M |
|
1637
Tyler Technologies
TYL
$13.7B
| $11.1M | ﹤0.01% |
18,735
+1,948
| +12% | +$1.1M |
|
1638
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$86.2M
| $11.1M | ﹤0.01% |
100,253
+49,025
| +96% | +$5.36M |
|
1639
iShares MSCI USA Equal Weighted ETF
EUSA
$1.82B
| $11.1M | ﹤0.01% |
111,932
-53,978
| -33% | -$5.06M |
|
|
EVV
1640
Eaton Vance Limited Duration Income Fund
EVV
$1.05B
| $11.1M | ﹤0.01% |
1,079,648
-236,097
| -18% | -$2.33M |
|
1641
Cornerstone Strategic Value Fund
CLM
$2.16B
| $11.1M | ﹤0.01% |
1,362,299
+231,229
| +20% | +$1.71M |
|
1642
First Trust Materials AlphaDEX Fund
FXZ
$366M
| $11.1M | ﹤0.01% |
194,223
-4,621
| -2% | -$249K |
|
1643
RELX
RELX
$66.7B
| $11M | ﹤0.01% |
202,688
-49,878
| -20% | -$2.64M |
|
1644
First Trust Natural Gas ETF
FCG
$632M
| $11M | ﹤0.01% |
476,472
+24,048
| +5% | +$538K |
|
1645
Willis Towers Watson
WTW
$29.8B
| $11M | ﹤0.01% |
35,879
+12,018
| +50% | +$3.73M |
|
|
IBMN
1646
DELISTED
iShares iBonds Dec 2025 Term Muni Bond ETF
IBMN
| $11M | ﹤0.01% |
409,968
+51,563
| +14% | +$1.38M |
|
1647
Post Holdings
POST
$4.42B
| $11M | ﹤0.01% |
100,530
+50,521
| +101% | +$5.66M |
|
1648
Rivian
RIVN
$23.6B
| $10.9M | ﹤0.01% |
795,289
+182,886
| +30% | +$2.48M |
|
1649
Invesco S&P SmallCap Low Volatility ETF
XSLV
$249M
| $10.9M | ﹤0.01% |
239,598
+9,923
| +4% | +$447K |
|
1650
PIMCO 1-5 Year US TIPS Index Exchange-Traded Fund
STPZ
$507M
| $10.9M | ﹤0.01% |
202,493
+19,729
| +11% | +$1.06M |
|
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.