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 | |
|---|---|---|---|---|---|---|
1776
iShares MSCI Singapore ETF
EWS
$1.05B
| $9.43M | ﹤0.01% |
363,163
-85,391
| -19% | -$2.11M |
|
1777
iShares MSCI Poland ETF
EPOL
$699M
| $9.43M | ﹤0.01% |
292,398
+106,354
| +57% | +$3.14M |
|
1778
Steris
STE
$22.5B
| $9.43M | ﹤0.01% |
39,259
+859
| +2% | +$200K |
|
1779
Synchrony
SYF
$25.1B
| $9.43M | ﹤0.01% |
141,288
+11,079
| +9% | +$619K |
|
1780
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.33B
| $9.43M | ﹤0.01% |
401,392
-42,685
| -10% | -$975K |
|
|
QIG
1781
WisdomTree U.S. Corporate Bond Fund
QIG
$17.4M
| $9.4M | ﹤0.01% |
210,232
+4,593
| +2% | +$202K |
|
1782
State Street SPDR US Small Cap Low Volatility Index ETF
SMLV
$258M
| $9.39M | ﹤0.01% |
75,092
+15,146
| +25% | +$1.83M |
|
1783
US Global Jets ETF
JETS
$786M
| $9.39M | ﹤0.01% |
408,805
-5,244
| -1% | -$111K |
|
1784
WisdomTree Managed Futures Strategy Fund
WTMF
$245M
| $9.39M | ﹤0.01% |
265,955
+114,964
| +76% | +$3.96M |
|
1785
BellRing Brands
BRBR
$1.53B
| $9.38M | ﹤0.01% |
161,985
+44,990
| +38% | +$3M |
|
1786
iShares ESG Screened S&P 500 ETF
XVV
$643M
| $9.38M | ﹤0.01% |
196,706
+23,233
| +13% | +$1.02M |
|
1787
FT Vest US Equity Buffer ETF September
FSEP
$1.21B
| $9.36M | ﹤0.01% |
194,904
+94,980
| +95% | +$4.31M |
|
|
TEM
1788
Tempus AI
TEM
$7.97B
| $9.36M | ﹤0.01% |
147,256
+45,445
| +45% | +$2.61M |
|
1789
EPAM Systems
EPAM
$5.42B
| $9.35M | ﹤0.01% |
52,895
+26,197
| +98% | +$4.38M |
|
|
SEZL
1790
Sezzle
SEZL
$5.22B
| $9.35M | ﹤0.01% |
52,167
+43,961
| +536% | +$3.89M |
|
1791
RLI Corp
RLI
$5.62B
| $9.33M | ﹤0.01% |
129,140
+48,849
| +61% | +$3.66M |
|
1792
Best Buy
BBY
$18.5B
| $9.3M | ﹤0.01% |
138,611
+8,537
| +7% | +$580K |
|
1793
Banco Bilbao Vizcaya Argentaria
BBVA
$152B
| $9.28M | ﹤0.01% |
603,709
+135,015
| +29% | +$1.94M |
|
1794
Simplify US Equity PLUS GBTC ETF
SPBC
$43.8M
| $9.28M | ﹤0.01% |
223,822
+39,066
| +21% | +$1.48M |
|
1795
Invesco Senior Income Trust
VVR
$459M
| $9.26M | ﹤0.01% |
2,437,201
+432,525
| +22% | +$1.57M |
|
1796
Innovator US Equity Power Buffer ETF April
PAPR
$950M
| $9.26M | ﹤0.01% |
248,274
+16,418
| +7% | +$590K |
|
|
EOS
1797
Eaton Vance Enhance Equity Income Fund II
EOS
$1.12B
| $9.26M | ﹤0.01% |
382,327
-9,826
| -3% | -$217K |
|
1798
Illumina
ILMN
$31B
| $9.24M | ﹤0.01% |
96,810
+5,204
| +6% | +$422K |
|
1799
Dimensional US Real Estate ETF
DFAR
$1.79B
| $9.24M | ﹤0.01% |
393,673
+87,600
| +29% | +$2.03M |
|
|
BTC
1800
Grayscale Bitcoin Mini Trust ETF
BTC
$3.43B
| $9.22M | ﹤0.01% |
192,985
+6,231
| +3% | +$272K |
|
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.