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 | |
|---|---|---|---|---|---|---|
2251
Hormel Foods
HRL
$13.8B
| $5.31M | ﹤0.01% |
175,565
-112,619
| -39% | -$3.4M |
|
|
FBDC
2252
DELISTED
FT Confluence BDC & Specialty Finance Income ETF
FBDC
| $5.3M | ﹤0.01% |
+253,190
| New | +$5.3M |
|
2253
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$778M
| $5.29M | ﹤0.01% |
297,018
+30,417
| +11% | +$484K |
|
2254
Entegris
ENTG
$18.6B
| $5.29M | ﹤0.01% |
65,559
-34,185
| -34% | -$2.6M |
|
|
FOVL
2255
DELISTED
iShares Focused Value Factor ETF
FOVL
| $5.28M | ﹤0.01% |
73,410
-2,186
| -3% | -$150K |
|
2256
Archer Aviation
ACHR
$3.56B
| $5.27M | ﹤0.01% |
485,896
+124,932
| +35% | +$1.17M |
|
2257
Gold Fields
GFI
$28.9B
| $5.25M | ﹤0.01% |
221,990
+36,398
| +20% | +$836K |
|
2258
Invesco Food & Beverage ETF
PBJ
$108M
| $5.25M | ﹤0.01% |
111,013
-5,690
| -5% | -$267K |
|
|
QXO
2259
QXO Inc
QXO
$14.1B
| $5.25M | ﹤0.01% |
243,507
+67,911
| +39% | +$1.12M |
|
2260
ProShares Short S&P500
SH
$908M
| $5.24M | ﹤0.01% |
132,109
-5,295
| -4% | -$229K |
|
2261
iShares Bloomberg Roll Select Commodity Strategy ETF
CMDY
$555M
| $5.24M | ﹤0.01% |
103,849
-32,804
| -24% | -$1.65M |
|
2262
Telus
TU
$14.6B
| $5.24M | ﹤0.01% |
326,082
+25,251
| +8% | +$392K |
|
2263
PGIM Total Return Bond ETF
PTRB
$1.1B
| $5.23M | ﹤0.01% |
+124,967
| New | +$5.15M |
|
|
FT
2264
Franklin Universal Trust
FT
$199M
| $5.22M | ﹤0.01% |
685,398
+59,168
| +9% | +$438K |
|
2265
FT Vest US Equity Buffer ETF May
FMAY
$1.41B
| $5.21M | ﹤0.01% |
104,230
-3,305
| -3% | -$156K |
|
2266
Solventum
SOLV
$14.8B
| $5.21M | ﹤0.01% |
68,755
-570
| -0.8% | -$40.4K |
|
2267
Ciena
CIEN
$54.4B
| $5.21M | ﹤0.01% |
64,029
+15,150
| +31% | +$1.09M |
|
2268
First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF
FCEF
$81M
| $5.2M | ﹤0.01% |
231,873
-949
| -0.4% | -$20.3K |
|
|
ETHE
2269
Grayscale Ethereum Staking ETF Shares
ETHE
$1.52B
| $5.2M | ﹤0.01% |
249,058
-9,708
| -4% | -$177K |
|
2270
Flowserve
FLS
$9.7B
| $5.19M | ﹤0.01% |
99,227
+29,146
| +42% | +$1.37M |
|
2271
Clean Harbors
CLH
$16.6B
| $5.19M | ﹤0.01% |
22,465
+1,072
| +5% | +$235K |
|
|
CALI
2272
BlackRock ETF Trust II iShares Short-Term California Muni Active ETF
CALI
$428M
| $5.19M | ﹤0.01% |
102,923
+82,708
| +409% | +$4.15M |
|
|
BBT
2273
Beacon Financial Corp
BBT
$2.62B
| $5.19M | ﹤0.01% |
207,272
+756
| +0.4% | +$18.8K |
|
2274
East-West Bancorp
EWBC
$17.9B
| $5.18M | ﹤0.01% |
51,331
+11,333
| +28% | +$1M |
|
2275
MP Materials
MP
$7.36B
| $5.18M | ﹤0.01% |
155,780
+22,984
| +17% | +$587K |
|
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.