LPL Financial LLC
LPL Financial LLC is a leading independent broker-dealer and registered investment adviser headquartered in San Diego, CA, United States. Founded in 1989, the firm offers brokerage and advisory services to financial advisors, institutions, and investors nationwide. As of 2025, LPL employs approximately 37,893 people including both support staff and independent financial advisors and serves retail clients, banks, and credit unions. The company is widely recognized for its scale, technology platform, and support solutions for independent financial professionals.
Investment Strategy
LPL Financial LLC provides a platform for independent financial advisors and institutions, focusing on enabling advisors to create personalized, client-centered portfolios. Their investment strategy supports a broad range of asset classes and vehicles, including equities, fixed income, and alternative investments through both brokerage and advisory accounts. LPL emphasizes open-architecture and flexibility, allowing advisors to implement strategic, tactical, and goal-oriented portfolio management approaches, with a strong commitment to risk management, fiduciary standards, and technology-enabled advisory solutions.
Latest 13F Filing Activity
LPL Financial LLC filed their most recent 13F report on Jun 30, 2025 disclosing 5,180 equity positions and 160 options positions with a total 13F market value of $300B. The fund increased holdings in Nvidia Corporation, Microsoft Corp., Invesco QQQ TR among other positions. LPL Financial LLC reduced exposure to Ishares Inc., Ishares TR, Unitedhealth Group Inc. among others.
Top Holdings
Equity Positions (5,180)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | 1.98% | $5.95B | 9,630,183 | $373.84 | $617.85 | +$888.7M |
I IVV | ISHARES TR | 1.93% | $5.78B | 9,316,636 | $392.25 | $620.90 | -$163.0M |
Q QQQ | INVESCO QQQ TR | 1.87% | $5.60B | 10,153,109 | $301.76 | $551.64 | +$1.12B |
N NVDA | NVIDIA CORPORATION | 1.66% | $4.97B | 31,445,567 | $44.96 | $157.99 | +$1.84B |
M MSFT | MICROSOFT CORP | 1.49% | $4.46B | 8,960,405 | $274.79 | $497.41 | +$1.31B |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
Q QQQ | INVESCO QQQ TR | Bought | Put | $109.6M | 1,986 | $551.64 | $507.32 | +563 | +$42.8M |
S SPY | SPDR S&P 500 ETF TR | Bought | Put | $80.6M | 1,304 | $617.85 | $571.25 | +315 | +$25.2M |
A AAPL | APPLE INC | Bought | Put | $9.6M | 469 | $205.17 | $216.28 | +91 | +$1.2M |
S SPY | SPDR S&P 500 ETF TR | Sold | Call | $8.8M | 142 | $617.85 | $551.60 | -32 | -$959.9K |
C C | CITIGROUP INC | Bought | Put | $7.0M | 821 | $85.12 | $72.50 | +348 | +$3.6M |
Industry Allocation
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more