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 | |
|---|---|---|---|---|---|---|
2151
Fortive
FTV
$17.5B
| $6.11M | ﹤0.01% |
117,296
-39,078
| -25% | -$2.05M |
|
2152
ROBO Global Artificial Intelligence ETF
THNQ
$421M
| $6.1M | ﹤0.01% |
110,834
+44,749
| +68% | +$2.15M |
|
2153
Invesco BulletShares 2031 High Yield Corporate Bond ETF
BSJV
$101M
| $6.09M | ﹤0.01% |
228,378
+12,060
| +6% | +$314K |
|
|
HQH
2154
abrdn Healthcare Investors
HQH
$1.25B
| $6.09M | ﹤0.01% |
393,067
+42,106
| +12% | +$652K |
|
2155
BlackRock Resources & Commodities Strategy Trust
BCX
$907M
| $6.09M | ﹤0.01% |
643,979
+81,654
| +15% | +$744K |
|
2156
WisdomTree Emerging Markets Multifactor Fund
EMMF
$169M
| $6.07M | ﹤0.01% |
210,322
+122,816
| +140% | +$3.36M |
|
2157
FlexShares High Yield Value-Scored Bond Index Fund
HYGV
$1.08B
| $6.07M | ﹤0.01% |
147,958
+20,356
| +16% | +$815K |
|
2158
Merit Medical Systems
MMSI
$5.05B
| $6.05M | ﹤0.01% |
64,744
+2,001
| +3% | +$190K |
|
2159
Hartford Multifactor Small Cap ETF
ROSC
$61.7M
| $6.05M | ﹤0.01% |
144,844
+38,815
| +37% | +$1.55M |
|
2160
Dillards
DDS
$9.33B
| $6.05M | ﹤0.01% |
14,472
-444
| -3% | -$166K |
|
2161
Invesco BulletShares 2033 Municipal Bond ETF
BSSX
$132M
| $6.04M | ﹤0.01% |
241,122
-21,858
| -8% | -$544K |
|
2162
Wingstop
WING
$3.72B
| $6.04M | ﹤0.01% |
17,941
+4,835
| +37% | +$1.43M |
|
2163
Fidelity Limited Term Bond ETF
FLTB
$413M
| $6.04M | ﹤0.01% |
119,752
+26,794
| +29% | +$1.34M |
|
2164
PUT
Microsoft
MSFT
$3.43T
| $6.02M | ﹤0.01% |
12,100
| – | – |
|
2165
Avantis All Equity Markets ETF
AVGE
$1.09B
| $6.02M | ﹤0.01% |
77,634
+5,322
| +7% | +$387K |
|
2166
Ally Financial
ALLY
$13.1B
| $5.99M | ﹤0.01% |
153,787
+13,740
| +10% | +$476K |
|
2167
monday.com
MNDY
$3.77B
| $5.99M | ﹤0.01% |
19,045
+6,167
| +48% | +$1.72M |
|
2168
Crocs
CROX
$6.02B
| $5.99M | ﹤0.01% |
59,097
-7,385
| -11% | -$753K |
|
2169
abrdn Physical Palladium Shares ETF
PALL
$609M
| $5.97M | ﹤0.01% |
296,830
+81,430
| +38% | +$1.47M |
|
2170
Invesco Galaxy Bitcoin ETF
BTCO
$424M
| $5.97M | ﹤0.01% |
55,494
+13,704
| +33% | +$1.35M |
|
2171
Gaming and Leisure Properties
GLPI
$12.5B
| $5.97M | ﹤0.01% |
127,803
-71,898
| -36% | -$3.4M |
|
2172
Norwegian Cruise Line
NCLH
$8.5B
| $5.96M | ﹤0.01% |
293,787
+29,759
| +11% | +$532K |
|
2173
Opus Small Cap Value ETF
OSCV
$707M
| $5.96M | ﹤0.01% |
164,976
+14,397
| +10% | +$502K |
|
2174
Churchill Downs
CHDN
$5.87B
| $5.94M | ﹤0.01% |
58,833
-2,325
| -4% | -$228K |
|
2175
TG Therapeutics
TGTX
$8.03B
| $5.94M | ﹤0.01% |
165,103
-19,960
| -11% | -$743K |
|
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.