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 | |
|---|---|---|---|---|---|---|
1726
Masco
MAS
$14.3B
| $9.87M | ﹤0.01% |
153,279
-34,614
| -18% | -$2.18M |
|
1727
VanEck Energy Income ETF
EINC
$77.6M
| $9.86M | ﹤0.01% |
99,888
-3,468
| -3% | -$331K |
|
1728
BHP
BHP
$211B
| $9.86M | ﹤0.01% |
205,000
+5,593
| +3% | +$269K |
|
1729
Las Vegas Sands
LVS
$31.4B
| $9.83M | ﹤0.01% |
225,992
+20,932
| +10% | +$814K |
|
1730
Simplify High Yield ETF
CDX
$372M
| $9.83M | ﹤0.01% |
421,603
+388,996
| +1,193% | +$8.98M |
|
1731
Cooper Companies
COO
$14.2B
| $9.83M | ﹤0.01% |
138,091
-10,170
| -7% | -$779K |
|
1732
FT Vest US Equity Moderate Buffer ETF March
GMAR
$393M
| $9.82M | ﹤0.01% |
252,243
+44,773
| +22% | +$1.68M |
|
1733
NNN REIT
NNN
$9.29B
| $9.82M | ﹤0.01% |
227,362
-5,884
| -3% | -$244K |
|
1734
VictoryShares US Large Cap High Div Volatility Wtd ETF
CDL
$407M
| $9.81M | ﹤0.01% |
147,377
+11,729
| +9% | +$764K |
|
|
PPLT
1735
abrdn Physical Platinum Shares ETF
PPLT
$1.83B
| $9.81M | ﹤0.01% |
798,150
+113,450
| +17% | +$1.11M |
|
1736
Toll Brothers
TOL
$14B
| $9.8M | ﹤0.01% |
85,879
+14,717
| +21% | +$1.53M |
|
1737
iShares Residential and Multisector Real Estate ETF
REZ
$906M
| $9.8M | ﹤0.01% |
119,020
+21,104
| +22% | +$1.74M |
|
1738
State Street Global Allocation ETF
GAL
$300M
| $9.79M | ﹤0.01% |
208,375
-25,241
| -11% | -$1.14M |
|
1739
Eaton Vance Floating-Rate ETF
EVLN
$1.4B
| $9.78M | ﹤0.01% |
196,221
+85,369
| +77% | +$4.23M |
|
1740
Humana
HUM
$43.9B
| $9.78M | ﹤0.01% |
39,991
+4,986
| +14% | +$1.24M |
|
1741
WisdomTree Artificial Intelligence and Innovation Fund
WTAI
$534M
| $9.77M | ﹤0.01% |
397,803
+15,670
| +4% | +$330K |
|
|
NNE
1742
Nano Nuclear Energy
NNE
$799M
| $9.76M | ﹤0.01% |
282,994
+146,724
| +108% | +$4.04M |
|
1743
Angel Oak Mortgage-Backed Securities ETF
MBS
$147M
| $9.74M | ﹤0.01% |
1,128,500
+59,308
| +6% | +$509K |
|
1744
Invesco BulletShares 2032 Municipal Bond ETF
BSMW
$213M
| $9.73M | ﹤0.01% |
397,549
-17,074
| -4% | -$416K |
|
1745
Ralph Lauren
RL
$22.4B
| $9.73M | ﹤0.01% |
35,474
+816
| +2% | +$202K |
|
1746
Invesco S&P MidCap 400 Pure Growth ETF
RFG
$330M
| $9.73M | ﹤0.01% |
199,499
-2,142
| -1% | -$98.2K |
|
1747
Invesco S&P MidCap 400 Pure Value ETF
RFV
$336M
| $9.71M | ﹤0.01% |
80,304
-12,256
| -13% | -$1.39M |
|
1748
Western Digital
WDC
$159B
| $9.7M | ﹤0.01% |
151,659
+29,446
| +24% | +$1.4M |
|
1749
AES
AES
$10.6B
| $9.7M | ﹤0.01% |
922,471
+287,497
| +45% | +$3.08M |
|
1750
Pacer Data & Infrastructure Real Estate ETF
SRVR
$368M
| $9.67M | ﹤0.01% |
299,334
-30,375
| -9% | -$932K |
|
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.