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 | |
|---|---|---|---|---|---|---|
|
GTLS
2351
DELISTED
Chart Industries
GTLS
| $4.74M | ﹤0.01% |
28,767
-11,835
| -29% | -$1.74M |
|
2352
Construction Partners
ROAD
$5.84B
| $4.74M | ﹤0.01% |
44,554
-817
| -2% | -$76.3K |
|
2353
Dimensional International Small Cap ETF
DFIS
$5.81B
| $4.72M | ﹤0.01% |
158,226
+21,493
| +16% | +$594K |
|
2354
Knife River
KNF
$4.15B
| $4.71M | ﹤0.01% |
57,736
-48,580
| -46% | -$4.42M |
|
2355
Matador Resources
MTDR
$6.2B
| $4.71M | ﹤0.01% |
98,741
+17,566
| +22% | +$776K |
|
|
FFC
2356
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$777M
| $4.7M | ﹤0.01% |
288,786
-16,328
| -5% | -$254K |
|
2357
Principal Exchange-Traded Funds Principal Quality ETF
PSET
$28.2M
| $4.7M | ﹤0.01% |
63,813
+2,245
| +4% | +$153K |
|
2358
iShares Mortgage Real Estate ETF
REM
$539M
| $4.69M | ﹤0.01% |
219,571
+21,468
| +11% | +$451K |
|
2359
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$460M
| $4.69M | ﹤0.01% |
144,021
+60,998
| +73% | +$1.9M |
|
2360
STMicroelectronics
STM
$46.7B
| $4.68M | ﹤0.01% |
153,761
+29,872
| +24% | +$741K |
|
2361
FT Vest US Equity Deep Buffer ETF August
DAUG
$370M
| $4.67M | ﹤0.01% |
112,152
+2,226
| +2% | +$87.9K |
|
|
IWMI
2362
NEOS Russell 2000 High Income ETF
IWMI
$1.09B
| $4.66M | ﹤0.01% |
102,594
+74,813
| +269% | +$3.26M |
|
2363
iShares Asia 50 ETF
AIA
$4.6B
| $4.66M | ﹤0.01% |
57,489
+2,543
| +5% | +$188K |
|
2364
Global X S&P 500 Risk Managed Income ETF
XRMI
$49.8M
| $4.66M | ﹤0.01% |
260,365
-40,825
| -14% | -$729K |
|
2365
Federated Hermes
FHI
$4.55B
| $4.66M | ﹤0.01% |
105,042
+13,568
| +15% | +$558K |
|
2366
Acuity Brands
AYI
$9.83B
| $4.65M | ﹤0.01% |
15,582
-374
| -2% | -$96.8K |
|
2367
Amplify Online Retail ETF
IBUY
$111M
| $4.65M | ﹤0.01% |
67,307
-4,669
| -6% | -$299K |
|
|
BLD
2368
DELISTED
TopBuild
BLD
| $4.65M | ﹤0.01% |
14,349
-309
| -2% | -$91.7K |
|
2369
CF Industries
CF
$19.2B
| $4.64M | ﹤0.01% |
50,450
-17,339
| -26% | -$1.48M |
|
2370
Blackstone Mortgage Trust
BXMT
$2.45B
| $4.64M | ﹤0.01% |
240,913
+11,143
| +5% | +$211K |
|
2371
Pilgrim's Pride
PPC
$6.51B
| $4.63M | ﹤0.01% |
102,938
+4,544
| +5% | +$223K |
|
2372
Fidelity MSCI Materials Index ETF
FMAT
$575M
| $4.62M | ﹤0.01% |
92,662
-38,338
| -29% | -$1.84M |
|
2373
First Trust Dorsey Wright International Focus 5 ETF
IFV
$227M
| $4.61M | ﹤0.01% |
200,987
-49,689
| -20% | -$1.06M |
|
2374
PUT
Accenture
ACN
$102B
| $4.6M | ﹤0.01% |
15,400
+14,000
| +1,000% | +$4.26M |
|
2375
Alphatec Holdings
ATEC
$1.46B
| $4.6M | ﹤0.01% |
414,571
-3,490
| -0.8% | -$40.1K |
|
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.