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 | |
|---|---|---|---|---|---|---|
1926
John Hancock Preferred Income ETF
JHPI
$212M
| $7.95M | ﹤0.01% |
352,628
+279,037
| +379% | +$6.21M |
|
1927
Avantis Real Estate ETF
AVRE
$878M
| $7.95M | ﹤0.01% |
179,963
+27,551
| +18% | +$1.19M |
|
1928
ClearBridge Dividend Strategy ESG ETF
YLDE
$169M
| $7.95M | ﹤0.01% |
151,005
+10,796
| +8% | +$550K |
|
1929
iShares International Small Cap Equity Factor ETF
ISCF
$662M
| $7.94M | ﹤0.01% |
204,716
+10,342
| +5% | +$373K |
|
1930
Avantis International Large Cap Value ETF
AVIV
$2.01B
| $7.94M | ﹤0.01% |
127,501
+66,218
| +108% | +$3.92M |
|
1931
CDW
CDW
$18.6B
| $7.93M | ﹤0.01% |
44,428
-24,308
| -35% | -$4.13M |
|
1932
iShares International Treasury Bond ETF
IGOV
$1.53B
| $7.92M | ﹤0.01% |
183,866
+76,991
| +72% | +$3.2M |
|
1933
State Street SPDR S&P International Dividend ETF
DWX
$536M
| $7.9M | ﹤0.01% |
187,453
+15,369
| +9% | +$627K |
|
1934
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$250M
| $7.9M | ﹤0.01% |
263,478
-47,432
| -15% | -$1.43M |
|
1935
Peabody Energy
BTU
$2.61B
| $7.89M | ﹤0.01% |
588,153
+192,604
| +49% | +$2.54M |
|
1936
FT Vest Growth-100 Buffer ETF June
QJUN
$646M
| $7.88M | ﹤0.01% |
266,391
+36,051
| +16% | +$996K |
|
1937
Suncor Energy
SU
$78.8B
| $7.87M | ﹤0.01% |
210,093
+9,745
| +5% | +$352K |
|
1938
ALPS Strategic Income Fund
RIGS
$60.3M
| $7.86M | ﹤0.01% |
337,806
-13,714
| -4% | -$314K |
|
1939
Reliance Steel & Aluminium
RS
$20.5B
| $7.85M | ﹤0.01% |
25,022
+1,678
| +7% | +$495K |
|
1940
FT Vest US Equity Buffer ETF July
FJUL
$1.2B
| $7.85M | ﹤0.01% |
151,626
+52,372
| +53% | +$2.54M |
|
1941
Molina Healthcare
MOH
$10.2B
| $7.83M | ﹤0.01% |
26,278
-4,185
| -14% | -$1.31M |
|
1942
US Foods
USFD
$22.1B
| $7.82M | ﹤0.01% |
101,576
-17,468
| -15% | -$1.25M |
|
1943
Innovator US Equity Power Buffer ETF June
PJUN
$953M
| $7.82M | ﹤0.01% |
196,618
+18,385
| +10% | +$694K |
|
1944
Innovator US Equity Power Buffer ETF August
PAUG
$861M
| $7.82M | ﹤0.01% |
193,190
+15,845
| +9% | +$609K |
|
1945
AGF US Market Neutral Anti-Beta Fund
BTAL
$305M
| $7.81M | ﹤0.01% |
441,490
-261,611
| -37% | -$5.1M |
|
1946
EXL Service
EXLS
$5.21B
| $7.81M | ﹤0.01% |
178,356
-7,953
| -4% | -$363K |
|
1947
Zoom
ZM
$27.1B
| $7.8M | ﹤0.01% |
100,017
+9,433
| +10% | +$729K |
|
1948
State Street SPDR S&P Global Dividend ETF
WDIV
$280M
| $7.79M | ﹤0.01% |
110,394
-152
| -0.1% | -$10.3K |
|
1949
Encompass Health
EHC
$11B
| $7.78M | ﹤0.01% |
63,428
+16,903
| +36% | +$1.93M |
|
1950
GFL Environmental
GFL
$14.9B
| $7.76M | ﹤0.01% |
153,835
+7,350
| +5% | +$361K |
|
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.