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 | |
|---|---|---|---|---|---|---|
2376
Gentex
GNTX
$4.97B
| $4.6M | ﹤0.01% |
209,174
+22,893
| +12% | +$500K |
|
2377
Angel Oak UltraShort Income ETF
UYLD
$1.57B
| $4.59M | ﹤0.01% |
89,959
+9,544
| +12% | +$488K |
|
2378
Invitation Homes
INVH
$17.7B
| $4.59M | ﹤0.01% |
139,976
+2,371
| +2% | +$79.6K |
|
2379
Invesco Bloomberg MVP Multi-factor ETF
BMVP
$104M
| $4.59M | ﹤0.01% |
94,835
-3,829
| -4% | -$180K |
|
2380
WisdomTree US AI Enhanced Value Fund
AIVL
$428M
| $4.58M | ﹤0.01% |
40,543
+470
| +1% | +$50.7K |
|
2381
Virtu Financial
VIRT
$5.11B
| $4.58M | ﹤0.01% |
102,260
-3,143
| -3% | -$127K |
|
2382
Glacier Bancorp
GBCI
$6.42B
| $4.57M | ﹤0.01% |
106,174
+13,122
| +14% | +$544K |
|
2383
Schwab 1000 Index ETF
SCHK
$5.71B
| $4.57M | ﹤0.01% |
153,283
+24,729
| +19% | +$682K |
|
2384
SiriusXM
SIRI
$9.97B
| $4.57M | ﹤0.01% |
198,845
+7,854
| +4% | +$169K |
|
2385
First Hawaiian
FHB
$3.38B
| $4.56M | ﹤0.01% |
182,730
-17,091
| -9% | -$401K |
|
2386
Donaldson
DCI
$10.9B
| $4.56M | ﹤0.01% |
65,731
-4,127
| -6% | -$278K |
|
2387
Kimco Realty
KIM
$17.2B
| $4.55M | ﹤0.01% |
216,617
+40,402
| +23% | +$838K |
|
2388
Silicon Laboratories
SLAB
$7.17B
| $4.55M | ﹤0.01% |
30,886
-2,264
| -7% | -$268K |
|
|
NTRL
2389
First Trust Equity Market Neutral ETF
NTRL
$16.3M
| $4.55M | ﹤0.01% |
222,613
-1,746
| -0.8% | -$35.1K |
|
2390
Invesco
IVZ
$13.1B
| $4.55M | ﹤0.01% |
288,547
+93,720
| +48% | +$1.35M |
|
2391
FT Vest US Equity Buffer ETF February
FFEB
$1.38B
| $4.55M | ﹤0.01% |
86,732
+7,148
| +9% | +$354K |
|
|
NIE
2392
Virtus Equity & Convertible Income Fund
NIE
$719M
| $4.54M | ﹤0.01% |
190,077
+12,660
| +7% | +$283K |
|
2393
Nuveen Global High Income Fund
JGH
$352M
| $4.54M | ﹤0.01% |
351,245
+20,101
| +6% | +$250K |
|
|
ETW
2394
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
$1.03B
| $4.54M | ﹤0.01% |
524,999
+107,835
| +26% | +$884K |
|
2395
FT Vest Growth-100 Buffer ETF December
QDEC
$687M
| $4.54M | ﹤0.01% |
154,647
+46,886
| +44% | +$1.28M |
|
2396
Toro Company
TTC
$8.75B
| $4.54M | ﹤0.01% |
64,172
+4,186
| +7% | +$297K |
|
2397
Capital Southwest
CSWC
$1.47B
| $4.53M | ﹤0.01% |
205,640
+7,962
| +4% | +$164K |
|
2398
State Street SPDR S&P Pharmaceuticals ETF
XPH
$476M
| $4.53M | ﹤0.01% |
111,675
+1,474
| +1% | +$59.3K |
|
2399
Advanced Energy
AEIS
$11.6B
| $4.52M | ﹤0.01% |
34,144
+3,395
| +11% | +$374K |
|
2400
Equitable Holdings
EQH
$13B
| $4.52M | ﹤0.01% |
80,533
+9,119
| +13% | +$469K |
|
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.