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 | |
|---|---|---|---|---|---|---|
2276
Genmab
GMAB
$17.7B
| $5.18M | ﹤0.01% |
250,829
+46,455
| +23% | +$954K |
|
2277
Fidelity Quality Factor ETF
FQAL
$1.42B
| $5.18M | ﹤0.01% |
74,392
+10,815
| +17% | +$706K |
|
2278
Global X Internet of Things ETF
SNSR
$224M
| $5.18M | ﹤0.01% |
137,096
+14,499
| +12% | +$494K |
|
|
EMBJ
2279
Embraer S.A. ADS
EMBJ
$12.2B
| $5.17M | ﹤0.01% |
90,922
+29,850
| +49% | +$1.41M |
|
2280
Medpace
MEDP
$16.1B
| $5.17M | ﹤0.01% |
16,469
-1,905
| -10% | -$572K |
|
2281
Goldman Sachs Small Cap Equity ETF
GSC
$285M
| $5.17M | ﹤0.01% |
102,411
+72,911
| +247% | +$3.45M |
|
2282
Healthcare Realty
HR
$7.31B
| $5.16M | ﹤0.01% |
325,591
+35,771
| +12% | +$544K |
|
2283
Anavex Life Sciences
AVXL
$256M
| $5.15M | ﹤0.01% |
558,342
+11,716
| +2% | +$100K |
|
2284
Chemed
CHE
$7.09B
| $5.14M | ﹤0.01% |
10,560
+33
| +0.3% | +$18.8K |
|
2285
First Trust Horizon Managed Volatility Small/Mid ETF
HSMV
$35.2M
| $5.14M | ﹤0.01% |
143,420
+10,557
| +8% | +$373K |
|
|
EXK
2286
Endeavour Silver
EXK
$2.22B
| $5.13M | ﹤0.01% |
1,042,114
+393,292
| +61% | +$1.55M |
|
2287
First Trust Lunt US Factor Rotation ETF
FCTR
$53.5M
| $5.12M | ﹤0.01% |
150,692
-46,200
| -23% | -$1.48M |
|
2288
Corcept Therapeutics
CORT
$12.4B
| $5.11M | ﹤0.01% |
69,643
+7,459
| +12% | +$541K |
|
2289
Moderna
MRNA
$22.1B
| $5.11M | ﹤0.01% |
185,163
-491,049
| -73% | -$12.9M |
|
2290
Rexford Industrial Realty
REXR
$8.45B
| $5.08M | ﹤0.01% |
142,799
+24,534
| +21% | +$856K |
|
2291
Global X Cloud Computing ETF
CLOU
$240M
| $5.08M | ﹤0.01% |
217,543
+16,633
| +8% | +$365K |
|
2292
JPMorgan Inflation Managed Bond ETF
JCPI
$869M
| $5.07M | ﹤0.01% |
105,127
+67,086
| +176% | +$3.2M |
|
2293
Nice
NICE
$5.79B
| $5.07M | ﹤0.01% |
30,024
+10,406
| +53% | +$1.68M |
|
2294
Global X Blockchain ETF
BKCH
$213M
| $5.07M | ﹤0.01% |
96,211
+11,239
| +13% | +$465K |
|
2295
VanEck India Growth Leaders ETF
GLIN
$96.2M
| $5.05M | ﹤0.01% |
104,839
+13,313
| +15% | +$599K |
|
2296
GeneDx Holdings
WGS
$1.94B
| $5.05M | ﹤0.01% |
54,702
+11,597
| +27% | +$910K |
|
|
SDFI
2297
AB Short Duration Income ETF
SDFI
$184M
| $5.05M | ﹤0.01% |
140,276
+62,368
| +80% | +$2.22M |
|
2298
VanEck Emerging Markets High Yield Bond ETF
HYEM
$523M
| $5.04M | ﹤0.01% |
254,263
+19,266
| +8% | +$374K |
|
2299
BNY Mellon High Yield Beta ETF
BKHY
$158M
| $5.04M | ﹤0.01% |
104,312
+1,726
| +2% | +$81.7K |
|
2300
Samsara
IOT
$21.9B
| $5.03M | ﹤0.01% |
126,521
+2,073
| +2% | +$85.7K |
|
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.