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 |
iShares Core S&P 500 ETF
IVV
|
+$503M |
| 2 |
iShares S&P 100 ETF
OEF
|
+$496M |
| 3 |
BlackRock US Equity Factor Rotation ETF
DYNF
|
+$494M |
| 4 |
Capital Group Dividend Value ETF
CGDV
|
+$400M |
| 5 |
BDYN
iShares Dynamic Equity Active ETF
BDYN
|
+$388M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE Growth ETF
EFG
|
+$383M |
| 2 |
iShares US Technology ETF
IYW
|
+$332M |
| 3 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$177M |
| 4 |
iShares MSCI EAFE Value ETF
EFV
|
+$130M |
| 5 |
iShares Core Universal USD Bond ETF
IUSB
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.85% |
| 2 | Financials | 3.63% |
| 3 | Consumer Discretionary | 2.79% |
| 4 | Communication Services | 2.54% |
| 5 | Industrials | 2.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2476
Wingstop
WING
$3.55B
| $4.89M | ﹤0.01% |
19,428
+1,487
| +8% | +$462K |
|
2477
Churchill Downs
CHDN
$5.82B
| $4.89M | ﹤0.01% |
50,363
-8,470
| -14% | -$871K |
|
2478
WisdomTree True Emerging Markets Fund
XC
$81.7M
| $4.88M | ﹤0.01% |
140,902
+10,087
| +8% | +$346K |
|
2479
DaVita
DVA
$15B
| $4.88M | ﹤0.01% |
36,728
+17,370
| +90% | +$2.38M |
|
2480
State Street SPDR S&P Transportation ETF
XTN
$405M
| $4.88M | ﹤0.01% |
58,149
+15,763
| +37% | +$1.34M |
|
2481
Kimco Realty
KIM
$17.1B
| $4.87M | ﹤0.01% |
223,040
+6,423
| +3% | +$140K |
|
2482
Viatris
VTRS
$20.5B
| $4.87M | ﹤0.01% |
492,129
+47,438
| +11% | +$462K |
|
2483
Graco
GGG
$13B
| $4.87M | ﹤0.01% |
57,267
-20,744
| -27% | -$1.77M |
|
2484
TG Therapeutics
TGTX
$7.07B
| $4.86M | ﹤0.01% |
134,579
-30,524
| -18% | -$1.01M |
|
2485
Nexstar Media Group
NXST
$5.88B
| $4.86M | ﹤0.01% |
24,581
-2,987
| -11% | -$584K |
|
2486
Exponent
EXPO
$3.31B
| $4.86M | ﹤0.01% |
69,924
-2,081
| -3% | -$149K |
|
2487
Pacer Trendpilot Fund of Funds ETF
TRND
$63.6M
| $4.84M | ﹤0.01% |
144,002
+16,467
| +13% | +$537K |
|
2488
BlackRock Floating Rate Loan ETF
BRLN
$53M
| $4.83M | ﹤0.01% |
92,811
+43,006
| +86% | +$2.24M |
|
|
QHY
2489
WisdomTree U.S. High Yield Corporate Bond Fund
QHY
$243M
| $4.83M | ﹤0.01% |
103,731
-528
| -0.5% | -$24.4K |
|
2490
ProShares S&P 500 ex-Financials ETF
SPXN
$79.3M
| $4.82M | ﹤0.01% |
66,973
+1,929
| +3% | +$133K |
|
|
GTLS
2491
DELISTED
Chart Industries
GTLS
| $4.82M | ﹤0.01% |
24,062
-4,705
| -16% | -$894K |
|
2492
Neurocrine Biosciences
NBIX
$16.9B
| $4.8M | ﹤0.01% |
34,190
+4,520
| +15% | +$612K |
|
|
DFP
2493
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$425M
| $4.8M | ﹤0.01% |
221,770
-45,683
| -17% | -$960K |
|
|
IVES
2494
Dan IVES Wedbush AI Revolution ETF
IVES
$1.07B
| $4.8M | ﹤0.01% |
+149,370
| New | +$4.29M |
|
2495
Invesco Food & Beverage ETF
PBJ
$108M
| $4.79M | ﹤0.01% |
104,541
-6,472
| -6% | -$307K |
|
2496
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.93B
| $4.79M | ﹤0.01% |
156,150
-7,137
| -4% | -$197K |
|
2497
Phibro Animal Health
PAHC
$1.51B
| $4.79M | ﹤0.01% |
118,286
-8,541
| -7% | -$282K |
|
|
TPC
2498
Tutor Perini Cor
TPC
$4.51B
| $4.79M | ﹤0.01% |
72,959
+4,165
| +6% | +$232K |
|
2499
Axcelis
ACLS
$4.29B
| $4.78M | ﹤0.01% |
48,968
-5,101
| -9% | -$411K |
|
2500
Oshkosh
OSK
$9.16B
| $4.78M | ﹤0.01% |
36,860
+24,247
| +192% | +$3.22M |
|
Similar funds
LPL Financial's Q3 2025 Portfolio in Review
As of Q3 2025, LPL Financial held 6,030 positions worth $343B, up 14% from $300B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
LPL Financial deployed $23B of net new capital in Q3 2025, opening 481 new positions and adding to 3,569 existing holdings. Its largest new stake was iShares Dynamic Equity Active ETF: 15,367,303 shares worth $389M.
By sector, the portfolio is most concentrated in Technology at 8.8% of assets, up from 8.5% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares MSCI EAFE Growth ETF, an estimated $383M trimmed.
- LPL Financial's largest Q3 2025 buy was iShares Dynamic Equity Active ETF: 15,367,303 shares worth $389M.
- LPL Financial added most to iShares Core S&P 500 ETF in Q3 2025, an estimated $503M increase.
- LPL Financial's biggest Q3 2025 reduction was iShares MSCI EAFE Growth ETF, cutting an estimated $383M.
- LPL Financial fully exited Hess in Q3 2025, selling an estimated $6.48M.
- LPL Financial's ten largest holdings make up 15% of its $343B portfolio in Q3 2025.
- LPL Financial opened 481 new positions and closed 237 in Q3 2025.
- LPL Financial's portfolio value rose 14% quarter-over-quarter to $343B.
Based on LPL Financial's 13F filing for Q3 2025, filed 12 Nov 2025.