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 | |
|---|---|---|---|---|---|---|
2076
Coca-Cola Consolidated
COKE
$12.5B
| $6.65M | ﹤0.01% |
59,533
+6,293
| +12% | +$760K |
|
|
FMUN
2077
Fidelity Systematic Municipal Bond Index ETF
FMUN
$177M
| $6.64M | ﹤0.01% |
+136,576
| New | +$6.63M |
|
2078
WisdomTree Yield Enhanced US Short-Term Aggregate Bond Fund
SHAG
$47.1M
| $6.64M | ﹤0.01% |
138,759
+3,469
| +3% | +$165K |
|
2079
The Mosaic Company
MOS
$7.19B
| $6.64M | ﹤0.01% |
181,994
-5,218
| -3% | -$167K |
|
2080
Equinox Gold
EQX
$7.05B
| $6.63M | ﹤0.01% |
1,153,070
+506,421
| +78% | +$3.29M |
|
2081
iShares iBonds Dec 2032 Term Corporate ETF
IBDX
$1.7B
| $6.63M | ﹤0.01% |
262,135
+24,264
| +10% | +$602K |
|
|
XRLV
2082
DELISTED
Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
XRLV
| $6.62M | ﹤0.01% |
120,316
+3,494
| +3% | +$192K |
|
2083
C.H. Robinson
CHRW
$17.4B
| $6.6M | ﹤0.01% |
68,740
+7,668
| +13% | +$718K |
|
2084
First Trust Horizon Managed Volatility Developed International ETF
HDMV
$17.5M
| $6.58M | ﹤0.01% |
188,290
+13,640
| +8% | +$468K |
|
2085
Ericsson
ERIC
$32.1B
| $6.58M | ﹤0.01% |
775,373
+223,174
| +40% | +$1.83M |
|
2086
First Trust SSI Strategic Convertible Securities ETF
FCVT
$115M
| $6.57M | ﹤0.01% |
169,336
+4,580
| +3% | +$165K |
|
2087
Fabrinet
FN
$15.9B
| $6.57M | ﹤0.01% |
22,288
+4,995
| +29% | +$1.11M |
|
2088
Invesco S&P 500 Value with Momentum ETF
SPVM
$129M
| $6.56M | ﹤0.01% |
109,725
+28,143
| +34% | +$1.6M |
|
2089
Avantis US Mid Cap Value ETF
AVMV
$726M
| $6.53M | ﹤0.01% |
99,934
-266
| -0.3% | -$16.4K |
|
2090
FT Vest US Equity Moderate Buffer ETF May
GMAY
$528M
| $6.53M | ﹤0.01% |
166,822
+24,557
| +17% | +$909K |
|
|
EXE
2091
Expand Energy Corp
EXE
$21.4B
| $6.52M | ﹤0.01% |
55,727
+6,993
| +14% | +$780K |
|
2092
Invesco DB Agriculture Fund
DBA
$1.23B
| $6.52M | ﹤0.01% |
249,201
+30,802
| +14% | +$826K |
|
2093
Burlington
BURL
$23.4B
| $6.5M | ﹤0.01% |
27,926
+6,455
| +30% | +$1.53M |
|
2094
iShares Inflation Hedged Corporate Bond ETF
LQDI
$69.6M
| $6.48M | ﹤0.01% |
246,056
-69,625
| -22% | -$1.79M |
|
|
HES
2095
DELISTED
Hess
HES
| $6.48M | ﹤0.01% |
46,759
+7,694
| +20% | +$1.04M |
|
2096
NVR
NVR
$16.6B
| $6.47M | ﹤0.01% |
877
+394
| +82% | +$2.82M |
|
2097
Tradeweb Markets
TW
$21.5B
| $6.47M | ﹤0.01% |
44,210
+4,782
| +12% | +$667K |
|
|
HGLB
2098
Highland Global Allocation Fund
HGLB
$176M
| $6.47M | ﹤0.01% |
743,350
+14,515
| +2% | +$120K |
|
2099
iShares MSCI Sweden ETF
EWD
$543M
| $6.47M | ﹤0.01% |
141,419
-12,645
| -8% | -$555K |
|
2100
Alaska Air
ALK
$5.25B
| $6.47M | ﹤0.01% |
130,711
+56,207
| +75% | +$2.73M |
|
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.