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 S&P 500 Value ETF
IVE
|
+$517M |
| 2 |
Capital Group Dividend Value ETF
CGDV
|
+$468M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$367M |
| 4 |
Capital Group Growth ETF
CGGR
|
+$301M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$293M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$461M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$130M |
| 3 |
BSCP
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
|
+$119M |
| 4 |
Schwab US Dividend Equity ETF
SCHD
|
+$113M |
| 5 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$103M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.6% |
| 2 | Financials | 3.6% |
| 3 | Consumer Discretionary | 2.68% |
| 4 | Communication Services | 2.56% |
| 5 | Healthcare | 2.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
AptarGroup
ATR
$8.57B
| $5.06M | ﹤0.01% |
41,524
+291
| +0.7% | +$36K |
|
2527
STAG Industrial
STAG
$7.09B
| $5.04M | ﹤0.01% |
137,101
-5,180
| -4% | -$197K |
|
|
KTF
2528
DWS Municipal Income Trust
KTF
$353M
| $5.03M | ﹤0.01% |
553,077
+58,031
| +12% | +$532K |
|
2529
Hormel Foods
HRL
$13.4B
| $5.03M | ﹤0.01% |
212,074
+7,655
| +4% | +$179K |
|
2530
Nuveen Global High Income Fund
JGH
$356M
| $5.02M | ﹤0.01% |
398,267
+46,762
| +13% | +$597K |
|
2531
Armstrong World Industries
AWI
$7.89B
| $5.01M | ﹤0.01% |
26,237
-2,990
| -10% | -$571K |
|
|
MYCF
2532
State Street My2026 Corporate Bond ETF
MYCF
$47.5M
| $5.01M | ﹤0.01% |
200,115
+37,149
| +23% | +$931K |
|
2533
Ryder
R
$9.92B
| $5M | ﹤0.01% |
26,143
+221
| +0.9% | +$39.7K |
|
2534
Global X Video Games & Esports ETF
HERO
$67.6M
| $5M | ﹤0.01% |
168,133
-159,645
| -49% | -$5.05M |
|
2535
Olin
OLN
$2.18B
| $4.99M | ﹤0.01% |
239,746
-22,862
| -9% | -$493K |
|
2536
AllianzIM U.S. Equity Buffer20 Nov ETF
NVBW
$96M
| $4.99M | ﹤0.01% |
147,486
+85,824
| +139% | +$2.88M |
|
2537
Trex
TREX
$5.07B
| $4.99M | ﹤0.01% |
142,170
+5,424
| +4% | +$219K |
|
2538
Dorman Products
DORM
$3.95B
| $4.99M | ﹤0.01% |
40,475
+6,994
| +21% | +$944K |
|
2539
StoneX
SNEX
$7.96B
| $4.98M | ﹤0.01% |
117,779
+844
| +0.7% | +$35.4K |
|
|
MFSG
2540
MFS Active Growth ETF
MFSG
$377M
| $4.98M | ﹤0.01% |
175,861
+89,644
| +104% | +$2.53M |
|
2541
United Therapeutics
UTHR
$22.1B
| $4.96M | ﹤0.01% |
10,186
+302
| +3% | +$141K |
|
2542
Global Net Lease
GNL
$1.91B
| $4.96M | ﹤0.01% |
576,962
+72,907
| +14% | +$584K |
|
2543
iShares iBonds Dec 2030 Term Treasury ETF
IBTK
$999M
| $4.96M | ﹤0.01% |
249,815
+16,993
| +7% | +$338K |
|
2544
iShares iBonds Dec 2029 Term Muni Bond ETF
IBMR
$472M
| $4.95M | ﹤0.01% |
194,635
+16,889
| +10% | +$429K |
|
|
PSIX
2545
Power Solutions International
PSIX
$975M
| $4.95M | ﹤0.01% |
86,581
+439
| +0.5% | +$31.3K |
|
2546
Global X Alternative Income ETF
ALTY
$45.5M
| $4.94M | ﹤0.01% |
414,192
+21,290
| +5% | +$254K |
|
2547
FT Vest US Equity Buffer ETF May
FMAY
$1.45B
| $4.94M | ﹤0.01% |
92,358
-5,084
| -5% | -$268K |
|
2548
ProShares S&P 500 ex-Financials ETF
SPXN
$80.4M
| $4.92M | ﹤0.01% |
66,562
-411
| -0.6% | -$30.2K |
|
2549
Schwab International Small-Cap Equity ETF
SCHC
$5.65B
| $4.92M | ﹤0.01% |
107,988
+5,962
| +6% | +$270K |
|
2550
Atlantic Union Bankshares
AUB
$6.02B
| $4.91M | ﹤0.01% |
139,124
+26,079
| +23% | +$896K |
|
Similar funds
LPL Financial's Q4 2025 Portfolio in Review
As of Q4 2025, LPL Financial held 6,133 positions worth $366B, up 6.7% from $343B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
LPL Financial deployed $17.7B of net new capital in Q4 2025, opening 355 new positions and adding to 3,269 existing holdings. Its largest new stake was Akre Focus ETF: 2,308,689 shares worth $151M.
By sector, the portfolio is most concentrated in Technology at 8.6% of assets, down from 8.8% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares MSCI USA Quality Factor ETF, an estimated $461M trimmed.
- LPL Financial's largest Q4 2025 buy was Akre Focus ETF: 2,308,689 shares worth $151M.
- LPL Financial added most to iShares S&P 500 Value ETF in Q4 2025, an estimated $517M increase.
- LPL Financial's biggest Q4 2025 reduction was iShares MSCI USA Quality Factor ETF, cutting an estimated $461M.
- LPL Financial fully exited Invesco BulletShares 2025 Corporate Bond ETF in Q4 2025, selling an estimated $119M.
- LPL Financial's ten largest holdings make up 15% of its $366B portfolio in Q4 2025.
- LPL Financial opened 355 new positions and closed 267 in Q4 2025.
- LPL Financial's portfolio value rose 6.7% quarter-over-quarter to $366B.
Based on LPL Financial's 13F filing for Q4 2025, filed 11 Feb 2026.