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 | |
|---|---|---|---|---|---|---|
2451
AST SpaceMobile
ASTS
$17.6B
| $4.26M | ﹤0.01% |
91,076
+21,043
| +30% | +$609K |
|
2452
Petrobras
PBR
$125B
| $4.25M | ﹤0.01% |
339,767
-52,487
| -13% | -$629K |
|
2453
Repligen
RGEN
$7.96B
| $4.25M | ﹤0.01% |
34,155
-250
| -0.7% | -$31.8K |
|
2454
First Trust Global Wind Energy ETF
FAN
$278M
| $4.25M | ﹤0.01% |
234,096
-9,128
| -4% | -$150K |
|
2455
VanEck Pharmaceutical ETF
PPH
$959M
| $4.24M | ﹤0.01% |
48,228
-258
| -0.5% | -$22.4K |
|
2456
Idacorp
IDA
$8.27B
| $4.21M | ﹤0.01% |
36,477
+4,419
| +14% | +$512K |
|
2457
Alger Concentrated Equity ETF
CNEQ
$890M
| $4.2M | ﹤0.01% |
+141,477
| New | +$3.6M |
|
2458
InterDigital
IDCC
$7.87B
| $4.2M | ﹤0.01% |
18,725
+4,480
| +31% | +$949K |
|
2459
WisdomTree Efficient Gold Plus Equity Strategy Fund
GDE
$434M
| $4.19M | ﹤0.01% |
88,870
+64,570
| +266% | +$2.82M |
|
2460
Webster Financial
WBS
$12.5B
| $4.19M | ﹤0.01% |
76,678
-425
| -0.6% | -$21.2K |
|
2461
StoneCo
STNE
$2.77B
| $4.19M | ﹤0.01% |
260,915
+193,765
| +289% | +$2.59M |
|
|
STEW
2462
SRH Total Return Fund
STEW
$1.79B
| $4.18M | ﹤0.01% |
236,409
+49,243
| +26% | +$845K |
|
2463
VanEck Durable High Dividend ETF
DURA
$38.6M
| $4.17M | ﹤0.01% |
127,883
-6,369
| -5% | -$203K |
|
2464
iShares MSCI Kokusai Fund
TOK
$249M
| $4.17M | ﹤0.01% |
33,134
+1,629
| +5% | +$191K |
|
2465
BlackRock MuniAssets Fund
MUA
$512M
| $4.16M | ﹤0.01% |
400,476
+155,940
| +64% | +$1.6M |
|
|
NHS
2466
Neuberger High Yield Strategies Fund Inc
NHS
$252M
| $4.15M | ﹤0.01% |
547,909
+16,784
| +3% | +$126K |
|
2467
Skywest
SKYW
$4.24B
| $4.15M | ﹤0.01% |
40,307
+154
| +0.4% | +$14.6K |
|
2468
Olin
OLN
$2.11B
| $4.14M | ﹤0.01% |
205,944
+7,221
| +4% | +$150K |
|
|
DPG
2469
Duff & Phelps Utility and Infrastructure Fund
DPG
$521M
| $4.13M | ﹤0.01% |
333,015
+18,740
| +6% | +$227K |
|
2470
Corpay
CPAY
$25B
| $4.13M | ﹤0.01% |
12,450
+1,617
| +15% | +$527K |
|
2471
HealthEquity
HQY
$8.41B
| $4.13M | ﹤0.01% |
39,402
-2,582
| -6% | -$245K |
|
2472
FT Vest US Equity Moderate Buffer ETF January
GJAN
$437M
| $4.12M | ﹤0.01% |
103,142
+16,318
| +19% | +$623K |
|
|
HPS
2473
John Hancock Preferred Income Fund III
HPS
$456M
| $4.12M | ﹤0.01% |
289,043
+36,340
| +14% | +$518K |
|
2474
iShares iBonds Dec 2029 Term Muni Bond ETF
IBMR
$464M
| $4.12M | ﹤0.01% |
163,219
+28,886
| +22% | +$721K |
|
2475
InvenTrust Properties
IVT
$2.76B
| $4.11M | ﹤0.01% |
150,178
-6,805
| -4% | -$189K |
|
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.