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 | |
|---|---|---|---|---|---|---|
2426
Armstrong World Industries
AWI
$7.38B
| $4.37M | ﹤0.01% |
26,895
-3,248
| -11% | -$482K |
|
2427
Paylocity
PCTY
$7.38B
| $4.37M | ﹤0.01% |
24,101
+961
| +4% | +$180K |
|
2428
FlexShares Credit-Scored US Corporate Bond Index Fund
SKOR
$730M
| $4.37M | ﹤0.01% |
89,503
+8,269
| +10% | +$398K |
|
2429
Inspire International ETF
WWJD
$560M
| $4.36M | ﹤0.01% |
127,306
+24,802
| +24% | +$805K |
|
2430
TPG
TPG
$7.01B
| $4.36M | ﹤0.01% |
83,156
+8,435
| +11% | +$405K |
|
2431
PUT
Meta Platforms (Facebook)
META
$1.42T
| $4.35M | ﹤0.01% |
5,900
+1,700
| +40% | +$1.05M |
|
2432
Granite Construction
GVA
$5.29B
| $4.34M | ﹤0.01% |
46,464
+1,530
| +3% | +$129K |
|
2433
Barclays
BCS
$92.7B
| $4.34M | ﹤0.01% |
233,629
+29,844
| +15% | +$494K |
|
|
ANSS
2434
DELISTED
Ansys
ANSS
| $4.33M | ﹤0.01% |
12,340
-4,083
| -25% | -$1.34M |
|
2435
WBI Power Factor High Dividend ETF
WBIY
$62.5M
| $4.33M | ﹤0.01% |
148,137
-10,895
| -7% | -$310K |
|
2436
FT Vest US Equity Buffer ETF March
FMAR
$1.13B
| $4.32M | ﹤0.01% |
96,290
+30,452
| +46% | +$1.3M |
|
2437
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
$2.54B
| $4.31M | ﹤0.01% |
177,939
+167
| +0.1% | +$4.03K |
|
2438
BlackRock Enhanced Global Dividend Trust
BOE
$673M
| $4.31M | ﹤0.01% |
379,736
+36,219
| +11% | +$394K |
|
2439
ProShares S&P 500 ex-Financials ETF
SPXN
$76.7M
| $4.31M | ﹤0.01% |
65,044
+26,176
| +67% | +$1.59M |
|
2440
Regal Rexnord
RRX
$13.7B
| $4.31M | ﹤0.01% |
29,702
+1,381
| +5% | +$173K |
|
|
CIK
2441
Credit Suisse Asset Management Income Fund
CIK
$134M
| $4.3M | ﹤0.01% |
1,451,432
+74,168
| +5% | +$210K |
|
2442
Equity Residential
EQR
$24.9B
| $4.29M | ﹤0.01% |
63,504
+1,525
| +2% | +$105K |
|
2443
Nuveen Credit Strategies Income Fund
JQC
$704M
| $4.28M | ﹤0.01% |
794,908
+207,873
| +35% | +$1.09M |
|
2444
QuantumScape Corp
QS
$3.21B
| $4.28M | ﹤0.01% |
636,463
+159,831
| +34% | +$675K |
|
2445
Enpro
NPO
$6.63B
| $4.28M | ﹤0.01% |
22,324
+558
| +3% | +$95.4K |
|
2446
Madrigal Pharmaceuticals
MDGL
$10.8B
| $4.27M | ﹤0.01% |
14,121
-16,701
| -54% | -$4.98M |
|
2447
VanEck Rare Earth/Strategic Metals ETF
REMX
$1.95B
| $4.27M | ﹤0.01% |
105,211
-129,289
| -55% | -$4.94M |
|
|
MYCG
2448
State Street My2027 Corporate Bond ETF
MYCG
$36.2M
| $4.26M | ﹤0.01% |
+170,508
| New | +$4.24M |
|
2449
Onto Innovation
ONTO
$12.9B
| $4.26M | ﹤0.01% |
42,196
-653
| -2% | -$69.7K |
|
2450
Sprott Gold Miners ETF
SGDM
$547M
| $4.26M | ﹤0.01% |
94,087
+709
| +0.8% | +$29.9K |
|
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.