LPL Financial
LPLA
801 hedge funds and large institutions have $29.8B invested in LPL Financial in 2025 Q2 according to their latest regulatory filings, with 126 funds opening new positions, 332 increasing their positions, 260 reducing their positions, and 104 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 332 | Existing positions reduced: 260
21% more first-time investments, than exits
New positions opened: 126 | Existing positions closed: 104
20% more call options, than puts
Call options by funds: $44.1M | Put options by funds: $36.7M
16% more capital invested
Capital invested by funds: $25.5B → $29.8B (+$4.2B)
2% more funds holding
Funds holding: 789 → 801 (+12)
5.19% less ownership
Funds ownership: 104.56% → 99.37% (-5.2%)
16% less funds holding in top 10
Funds holding in top 10: 25 → 21 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dodge & Cox
San Francisco,
California
|
+$413M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$324M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$215M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$196M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$158M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$249M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$230M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$115M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$108M |
| 5 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$96.2M |
LPLA Hedge Fund Activity: Q2 2025 in Review
801 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in LPL Financial (LPLA) for Q2 2025, worth a combined $29.8B — up 16% from $25.5B a quarter earlier.
Buyers outnumbered sellers: 126 funds opened new LPLA positions and 104 closed out — a net gain of 22 holders — while 332 added to existing stakes and 260 trimmed.
The largest buyer was Dodge & Cox, adding an estimated $413M. The largest seller was Fidelity Investments, cutting an estimated $249M.
- 801 institutional investors held LPL Financial (LPLA) as of Q2 2025, up from 789 in Q1 2025.
- Funds reported $29.8B of LPL Financial stock for Q2 2025, up 16% quarter-over-quarter.
- 126 funds opened new LPL Financial positions in Q2 2025 and 104 closed out, a net change of +22 holders.
- The largest LPL Financial buyer in Q2 2025 was Dodge & Cox, an estimated $413M added.
- The largest LPL Financial seller in Q2 2025 was Fidelity Investments, an estimated $249M sold.
Based on aggregated 13F filings for Q2 2025.