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 | |
|---|---|---|---|---|---|---|
|
ZTR
1951
Virtus Total Return Fund
ZTR
$342M
| $7.75M | ﹤0.01% |
1,244,750
+217,388
| +21% | +$1.31M |
|
|
LEAD
1952
DELISTED
Siren DIVCON Leaders Dividend ETF
LEAD
| $7.75M | ﹤0.01% |
107,872
+45,498
| +73% | +$3.05M |
|
1953
Vanguard ESG International Stock ETF
VSGX
$6.53B
| $7.75M | ﹤0.01% |
118,257
+1,544
| +1% | +$95.2K |
|
1954
T. Rowe Price Dividend Growth ETF
TDVG
$1.42B
| $7.73M | ﹤0.01% |
182,338
+39,038
| +27% | +$1.58M |
|
1955
iShares US Pharmaceuticals ETF
IHE
$1.48B
| $7.72M | ﹤0.01% |
117,808
-2,058
| -2% | -$134K |
|
1956
Amplify International Enhanced Dividend Income ETF
IDVO
$1.35B
| $7.72M | ﹤0.01% |
224,591
+53,021
| +31% | +$1.71M |
|
1957
Core Scientific
CORZ
$7.01B
| $7.72M | ﹤0.01% |
452,028
+14,565
| +3% | +$146K |
|
|
STXF
1958
Strive 500 ETF
STXF
$1.11B
| $7.71M | ﹤0.01% |
192,513
+16,851
| +10% | +$622K |
|
1959
US Treasury 10 Year Note ETF
UTEN
$288M
| $7.68M | ﹤0.01% |
174,829
+9,800
| +6% | +$425K |
|
1960
Lloyds Banking Group
LYG
$90.7B
| $7.66M | ﹤0.01% |
1,802,719
-205,364
| -10% | -$816K |
|
1961
Dollar Tree
DLTR
$24.7B
| $7.66M | ﹤0.01% |
77,353
-21,927
| -22% | -$1.89M |
|
1962
BlackRock Intermediate Muni Income Bond ETF
INMU
$540M
| $7.66M | ﹤0.01% |
326,795
+119,730
| +58% | +$2.79M |
|
1963
Goldman Sachs ActiveBeta Europe Equity ETF
GSEU
$125M
| $7.66M | ﹤0.01% |
180,848
+104,889
| +138% | +$4.26M |
|
1964
ProShares High Yield-Interest Rate Hedged ETF
HYHG
$183M
| $7.65M | ﹤0.01% |
118,107
+2,250
| +2% | +$144K |
|
1965
Thomson Reuters
TRI
$43.1B
| $7.65M | ﹤0.01% |
37,448
-2,029
| -5% | -$386K |
|
1966
AptarGroup
ATR
$8.54B
| $7.65M | ﹤0.01% |
48,886
+1,652
| +3% | +$249K |
|
1967
iShares MSCI South Korea ETF
EWY
$22.5B
| $7.61M | ﹤0.01% |
106,035
+61,585
| +139% | +$3.69M |
|
1968
Avery Dennison
AVY
$13.4B
| $7.57M | ﹤0.01% |
43,138
-11,960
| -22% | -$2.1M |
|
1969
Banco Santander
SAN
$202B
| $7.57M | ﹤0.01% |
911,859
+322,646
| +55% | +$2.4M |
|
1970
Mid-America Apartment Communities
MAA
$15.5B
| $7.55M | ﹤0.01% |
51,020
+4,673
| +10% | +$729K |
|
1971
BlackRock Multi-Sector Income Trust
BIT
$696M
| $7.51M | ﹤0.01% |
514,672
+215,358
| +72% | +$3.05M |
|
|
NFJ
1972
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
| $7.51M | ﹤0.01% |
605,466
+10,981
| +2% | +$130K |
|
1973
ITT
ITT
$17.3B
| $7.51M | ﹤0.01% |
47,856
+2,726
| +6% | +$388K |
|
1974
Live Nation Entertainment
LYV
$42.7B
| $7.48M | ﹤0.01% |
49,468
+1,576
| +3% | +$217K |
|
1975
Cheniere Energy
CQP
$31.5B
| $7.48M | ﹤0.01% |
133,504
+13,111
| +11% | +$768K |
|
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.