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 | |
|---|---|---|---|---|---|---|
2301
Selective Insurance
SIGI
$5.65B
| $5.03M | ﹤0.01% |
58,079
-515
| -0.9% | -$45.1K |
|
2302
UDR
UDR
$12.3B
| $5.02M | ﹤0.01% |
122,836
+8,690
| +8% | +$360K |
|
2303
Angel Oak Income ETF
CARY
$1.37B
| $5.01M | ﹤0.01% |
241,047
+22,039
| +10% | +$456K |
|
2304
FT Vest Buffered Allocation Defensive ETF
BUFT
$155M
| $5.01M | ﹤0.01% |
212,630
-165,163
| -44% | -$3.75M |
|
2305
United States Copper Index Fund
CPER
$765M
| $5M | ﹤0.01% |
158,180
+25,409
| +19% | +$754K |
|
|
PDT
2306
John Hancock Premium Dividend Fund
PDT
$634M
| $5M | ﹤0.01% |
379,957
-21,037
| -5% | -$268K |
|
2307
C3.ai
AI
$1.43B
| $5M | ﹤0.01% |
203,511
+29,406
| +17% | +$672K |
|
|
STK
2308
Columbia Seligman Premium Technology Growth Fund
STK
$867M
| $5M | ﹤0.01% |
164,374
+17,601
| +12% | +$497K |
|
|
IGR
2309
CBRE Global Real Estate Income Fund
IGR
$709M
| $4.99M | ﹤0.01% |
943,534
+94,714
| +11% | +$473K |
|
2310
Innovator US Equity Buffer ETF January
BJAN
$345M
| $4.99M | ﹤0.01% |
99,374
+11,049
| +13% | +$523K |
|
2311
EPR Properties
EPR
$4.75B
| $4.99M | ﹤0.01% |
85,598
+9,038
| +12% | +$476K |
|
2312
SBA Communications
SBAC
$19.2B
| $4.98M | ﹤0.01% |
21,222
+1,515
| +8% | +$347K |
|
2313
PUT
NVIDIA
NVDA
$4.86T
| $4.98M | ﹤0.01% |
31,500
+8,900
| +39% | +$1.12M |
|
2314
Yum China
YUMC
$16.5B
| $4.97M | ﹤0.01% |
111,229
-11,585
| -9% | -$518K |
|
2315
Cal-Maine
CALM
$4.12B
| $4.97M | ﹤0.01% |
49,846
+25,053
| +101% | +$2.39M |
|
|
ASG
2316
Liberty All-Star Growth Fund
ASG
$328M
| $4.96M | ﹤0.01% |
907,352
+77,550
| +9% | +$392K |
|
|
FBCG
2317
DELISTED
Fidelity Blue Chip Growth ETF
FBCG
| $4.96M | ﹤0.01% |
102,754
+77,209
| +302% | +$3.29M |
|
|
ACP
2318
abrdn Income Credit Strategies Fund
ACP
$635M
| $4.94M | ﹤0.01% |
837,929
-41,846
| -5% | -$239K |
|
2319
Invesco Next Gen Media and Gaming ETF
GGME
$44.1M
| $4.94M | ﹤0.01% |
80,498
-19,984
| -20% | -$1.07M |
|
2320
Kinross Gold
KGC
$27.4B
| $4.93M | ﹤0.01% |
315,395
+70,088
| +29% | +$1.02M |
|
2321
Coeur Mining
CDE
$15.4B
| $4.93M | ﹤0.01% |
556,369
-106,054
| -16% | -$772K |
|
2322
Invesco Biotechnology & Genome ETF
PBE
$281M
| $4.93M | ﹤0.01% |
76,895
-5,869
| -7% | -$364K |
|
2323
CareTrust REIT
CTRE
$9.91B
| $4.92M | ﹤0.01% |
160,805
+32,130
| +25% | +$927K |
|
2324
FT Vest US Equity Buffer ETF August
FAUG
$1.19B
| $4.92M | ﹤0.01% |
100,301
+6,304
| +7% | +$291K |
|
2325
First Trust Dorsey Wright Momentum & Low Volatility ETF
DVOL
$73.6M
| $4.91M | ﹤0.01% |
139,978
+84,515
| +152% | +$2.93M |
|
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.