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 | |
|---|---|---|---|---|---|---|
2126
Avantis US Mid Cap Equity ETF
AVMC
$469M
| $6.34M | ﹤0.01% |
95,774
+17,255
| +22% | +$1.08M |
|
2127
Abercrombie & Fitch
ANF
$4.41B
| $6.31M | ﹤0.01% |
76,167
+45,053
| +145% | +$3.42M |
|
2128
Vanguard California Tax-Exempt Bond ETF
VTEC
$2.79B
| $6.31M | ﹤0.01% |
64,633
+55,754
| +628% | +$5.41M |
|
|
GAP
2129
The Gap Inc
GAP
$7.26B
| $6.28M | ﹤0.01% |
287,895
+8,297
| +3% | +$185K |
|
|
QQQH
2130
NEOS Nasdaq-100 Hedged Equity Income ETF
QQQH
$374M
| $6.27M | ﹤0.01% |
119,679
+46,025
| +62% | +$2.3M |
|
2131
Griffon
GFF
$3.99B
| $6.27M | ﹤0.01% |
86,614
+263
| +0.3% | +$18.3K |
|
2132
NetEase
NTES
$84.5B
| $6.27M | ﹤0.01% |
46,569
+24,633
| +112% | +$2.83M |
|
|
PENG
2133
Penguin Solutions Inc
PENG
$2.7B
| $6.26M | ﹤0.01% |
316,108
+1,590
| +0.5% | +$28.8K |
|
2134
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
$503M
| $6.26M | ﹤0.01% |
132,164
-16,110
| -11% | -$725K |
|
2135
First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF
HISF
$98.5M
| $6.25M | ﹤0.01% |
139,843
+29,332
| +27% | +$1.29M |
|
2136
FlexShares STOXX US ESG Select Index Fund
ESG
$132M
| $6.25M | ﹤0.01% |
42,575
-227
| -0.5% | -$31K |
|
2137
First Majestic Silver
AG
$7.46B
| $6.23M | ﹤0.01% |
752,992
+184,535
| +32% | +$1.24M |
|
2138
Park Hotels & Resorts
PK
$3.04B
| $6.22M | ﹤0.01% |
608,166
+100,162
| +20% | +$1.02M |
|
2139
Marathon Digital Holdings
MARA
$4.36B
| $6.21M | ﹤0.01% |
395,982
-19,788
| -5% | -$283K |
|
2140
Fidelity Stocks for Inflation ETF
FCPI
$273M
| $6.2M | ﹤0.01% |
132,896
+27,564
| +26% | +$1.21M |
|
2141
Global X SuperIncome Preferred ETF
SPFF
$140M
| $6.2M | ﹤0.01% |
690,785
-8,928
| -1% | -$78K |
|
2142
Golub Capital BDC
GBDC
$3.34B
| $6.19M | ﹤0.01% |
422,455
-1,811
| -0.4% | -$26.4K |
|
2143
AngloGold Ashanti
AU
$37.7B
| $6.17M | ﹤0.01% |
135,461
+8,241
| +6% | +$355K |
|
2144
Owens Corning
OC
$11.1B
| $6.17M | ﹤0.01% |
44,852
-3,097
| -6% | -$428K |
|
|
AVK
2145
Advent Convertible and Income Fund
AVK
$547M
| $6.17M | ﹤0.01% |
509,159
+34,609
| +7% | +$394K |
|
2146
Group 1 Automotive
GPI
$3.41B
| $6.16M | ﹤0.01% |
14,113
+180
| +1% | +$75.5K |
|
2147
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN
$613M
| $6.16M | ﹤0.01% |
188,386
-27,741
| -13% | -$825K |
|
2148
Schwab International Dividend Equity ETF
SCHY
$2.48B
| $6.14M | ﹤0.01% |
224,619
+20,429
| +10% | +$539K |
|
2149
Simplify Enhanced Income ETF
HIGH
$68.9M
| $6.13M | ﹤0.01% |
253,127
+9,874
| +4% | +$234K |
|
2150
Primerica
PRI
$10.1B
| $6.11M | ﹤0.01% |
22,344
+12,309
| +123% | +$3.26M |
|
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.