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 | |
|---|---|---|---|---|---|---|
|
RIV
2226
RiverNorth Opportunities Fund
RIV
$311M
| $5.48M | ﹤0.01% |
446,832
+20,441
| +5% | +$239K |
|
2227
American Beacon GLG Natural Resources ETF
MGNR
$868M
| $5.47M | ﹤0.01% |
164,669
+99,000
| +151% | +$3.03M |
|
2228
Murphy USA
MUSA
$11.2B
| $5.46M | ﹤0.01% |
13,414
+575
| +4% | +$261K |
|
2229
Hasbro
HAS
$13.3B
| $5.44M | ﹤0.01% |
73,741
+2,682
| +4% | +$169K |
|
|
GUT
2230
Gabelli Utility Trust
GUT
$569M
| $5.44M | ﹤0.01% |
938,295
-20,138
| -2% | -$109K |
|
2231
Cars.com
CARS
$662M
| $5.44M | ﹤0.01% |
459,238
+46,956
| +11% | +$517K |
|
2232
Genpact
G
$5.96B
| $5.44M | ﹤0.01% |
123,565
+13,746
| +13% | +$622K |
|
2233
Pacer US Cash Cows Growth ETF
BUL
$132M
| $5.44M | ﹤0.01% |
110,363
-42,515
| -28% | -$1.95M |
|
|
EMEQ
2234
Nomura Focused Emerging Markets Equity ETF
EMEQ
$569M
| $5.44M | ﹤0.01% |
174,954
-14,252
| -8% | -$384K |
|
2235
Range Resources
RRC
$9.38B
| $5.42M | ﹤0.01% |
133,375
+23,668
| +22% | +$892K |
|
2236
iShares iBonds 2028 Term High Yield and Income ETF
IBHH
$453M
| $5.42M | ﹤0.01% |
228,569
+38,375
| +20% | +$894K |
|
2237
Pinnacle West Capital
PNW
$12.2B
| $5.42M | ﹤0.01% |
60,579
+4,133
| +7% | +$378K |
|
2238
State Street SPDR S&P Health Care Services ETF
XHS
$206M
| $5.42M | ﹤0.01% |
54,429
-24,981
| -31% | -$2.42M |
|
|
BSMY
2239
Invesco BulletShares 2034 Municipal Bond ETF
BSMY
$139M
| $5.42M | ﹤0.01% |
228,435
-10,836
| -5% | -$256K |
|
2240
Vanguard US Quality Factor ETF
VFQY
$480M
| $5.42M | ﹤0.01% |
37,687
-1,094
| -3% | -$148K |
|
|
THQ
2241
abrdn Healthcare Opportunities Fund
THQ
$777M
| $5.41M | ﹤0.01% |
294,434
-43,392
| -13% | -$806K |
|
2242
Comstock Resources
CRK
$3.89B
| $5.4M | ﹤0.01% |
195,303
+22,717
| +13% | +$517K |
|
2243
Coupang
CPNG
$29.3B
| $5.38M | ﹤0.01% |
179,603
+73,577
| +69% | +$1.89M |
|
2244
Exponent
EXPO
$3.24B
| $5.38M | ﹤0.01% |
72,005
+2,101
| +3% | +$163K |
|
2245
First Trust Exchange-Traded Fund VI First Trust Dorsey Wright Momentum & Dividend ETF
DDIV
$72.8M
| $5.38M | ﹤0.01% |
140,754
-12,054
| -8% | -$442K |
|
2246
Doximity
DOCS
$3.76B
| $5.36M | ﹤0.01% |
87,462
-19,763
| -18% | -$1.1M |
|
2247
HF Sinclair
DINO
$16.5B
| $5.36M | ﹤0.01% |
130,576
+12,489
| +11% | +$430K |
|
2248
iShares Core 10+ Year USD Bond ETF
ILTB
$592M
| $5.36M | ﹤0.01% |
108,485
-7,037
| -6% | -$341K |
|
2249
PAR Technology
PAR
$699M
| $5.35M | ﹤0.01% |
77,142
-5,957
| -7% | -$372K |
|
2250
State Street SPDR S&P Retail ETF
XRT
$449M
| $5.31M | ﹤0.01% |
68,933
+25,104
| +57% | +$1.82M |
|
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.