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 | |
|---|---|---|---|---|---|---|
1851
Invesco Leisure and Entertainment ETF
PEJ
$260M
| $8.72M | ﹤0.01% |
153,328
-46,767
| -23% | -$2.38M |
|
1852
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.84B
| $8.71M | ﹤0.01% |
160,626
-42,311
| -21% | -$2.21M |
|
1853
Keysight
KEYS
$53.4B
| $8.7M | ﹤0.01% |
53,092
-340
| -0.6% | -$51.8K |
|
1854
BWX Technologies
BWXT
$15.2B
| $8.69M | ﹤0.01% |
60,311
+12,681
| +27% | +$1.48M |
|
1855
Pacer Trendpilot US Bond ETF
PTBD
$85.5M
| $8.68M | ﹤0.01% |
439,662
-63,848
| -13% | -$1.26M |
|
1856
Charter Communications
CHTR
$16.9B
| $8.68M | ﹤0.01% |
21,239
+5,282
| +33% | +$2.02M |
|
1857
FT Energy Income Partners Strategy ETF
EIPX
$558M
| $8.68M | ﹤0.01% |
338,710
+3,874
| +1% | +$96.3K |
|
1858
XPO
XPO
$23.4B
| $8.68M | ﹤0.01% |
68,737
+11,870
| +21% | +$1.33M |
|
1859
Everest Group
EG
$14.9B
| $8.68M | ﹤0.01% |
25,542
-1,666
| -6% | -$575K |
|
1860
JPMorgan Diversified Return International Equity ETF
JPIN
$372M
| $8.65M | ﹤0.01% |
134,848
-2,024
| -1% | -$123K |
|
1861
Performance Food Group
PFGC
$18B
| $8.63M | ﹤0.01% |
98,666
+622
| +0.6% | +$51.8K |
|
1862
Macerich
MAC
$7.22B
| $8.62M | ﹤0.01% |
532,542
-12,642
| -2% | -$195K |
|
1863
Invesco International Developed Dynamic Multifactor ETF
IMFL
$1.04B
| $8.62M | ﹤0.01% |
311,279
-596
| -0.2% | -$15.5K |
|
1864
Nutanix
NTNX
$16B
| $8.61M | ﹤0.01% |
112,668
+12,933
| +13% | +$931K |
|
1865
Wynn Resorts
WYNN
$10.5B
| $8.61M | ﹤0.01% |
91,942
+3,716
| +4% | +$315K |
|
1866
Dick's Sporting Goods
DKS
$17.9B
| $8.6M | ﹤0.01% |
43,476
+3,325
| +8% | +$616K |
|
1867
Invesco BulletShares 2030 Municipal Bond ETF
BSMU
$274M
| $8.59M | ﹤0.01% |
399,349
+11,768
| +3% | +$251K |
|
1868
iShares International Equity Factor ETF
INTF
$3.65B
| $8.58M | ﹤0.01% |
250,523
+160,883
| +179% | +$5.22M |
|
1869
Cambria Global Asset Allocation ETF
GAA
$72.2M
| $8.57M | ﹤0.01% |
280,670
+18,247
| +7% | +$535K |
|
1870
First Citizens BancShares
FCNCA
$24.6B
| $8.57M | ﹤0.01% |
4,379
+842
| +24% | +$1.53M |
|
|
PHK
1871
PIMCO High Income Fund
PHK
$867M
| $8.53M | ﹤0.01% |
1,777,420
+156,523
| +10% | +$740K |
|
1872
Gartner
IT
$10.2B
| $8.53M | ﹤0.01% |
21,095
-4,748
| -18% | -$1.99M |
|
1873
Invesco International Corporate Bond ETF
PICB
$356M
| $8.52M | ﹤0.01% |
352,517
+11,806
| +3% | +$275K |
|
1874
Kratos Defense & Security Solutions
KTOS
$8.66B
| $8.51M | ﹤0.01% |
183,298
+71,500
| +64% | +$2.59M |
|
1875
ProShares Nasdaq-100 High Income ETF
IQQQ
$392M
| $8.51M | ﹤0.01% |
208,113
+66,951
| +47% | +$2.53M |
|
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.