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 | |
|---|---|---|---|---|---|---|
2551
Innovator Growth-100 Power Buffer ETF October
NOCT
$229M
| $4.9M | ﹤0.01% |
84,645
+11,085
| +15% | +$636K |
|
2552
WisdomTree Japan SmallCap Dividend Fund
DFJ
$397M
| $4.9M | ﹤0.01% |
50,886
-692
| -1% | -$65K |
|
2553
Viper Energy
VNOM
$15.4B
| $4.89M | ﹤0.01% |
126,689
+9,712
| +8% | +$368K |
|
2554
InvenTrust Properties
IVT
$2.55B
| $4.87M | ﹤0.01% |
172,712
+11,474
| +7% | +$323K |
|
|
IGR
2555
CBRE Global Real Estate Income Fund
IGR
$702M
| $4.87M | ﹤0.01% |
1,111,934
+35,583
| +3% | +$167K |
|
|
ETB
2556
Eaton Vance Tax-Managed Buy-Write Income Fund
ETB
$461M
| $4.86M | ﹤0.01% |
318,383
+27,970
| +10% | +$423K |
|
2557
SoFi Select 500 ETF
SFY
$695M
| $4.86M | ﹤0.01% |
36,767
+1,853
| +5% | +$244K |
|
2558
Murphy USA
MUSA
$10B
| $4.86M | ﹤0.01% |
12,036
-1,878
| -13% | -$720K |
|
2559
First Trust Lunt US Factor Rotation ETF
FCTR
$56M
| $4.85M | ﹤0.01% |
136,038
-10,878
| -7% | -$385K |
|
2560
Yeti Holdings
YETI
$3.85B
| $4.85M | ﹤0.01% |
109,725
+43,885
| +67% | +$1.69M |
|
2561
Invesco Global ex-US High Yield Corporate Bond ETF
PGHY
$227M
| $4.84M | ﹤0.01% |
243,386
-55,729
| -19% | -$1.11M |
|
2562
Franklin Systematic Style Premia ETF
FLSP
$1.05B
| $4.84M | ﹤0.01% |
179,933
+59,375
| +49% | +$1.59M |
|
2563
VanEck CEF Muni Income ETF
XMPT
$220M
| $4.84M | ﹤0.01% |
221,249
+10,291
| +5% | +$226K |
|
2564
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$243M
| $4.82M | ﹤0.01% |
97,033
+9,839
| +11% | +$484K |
|
2565
GigaCloud Technology
GCT
$1.84B
| $4.82M | ﹤0.01% |
122,642
-13,883
| -10% | -$459K |
|
2566
First Trust Nasdaq Pharmaceuticals ETF
FTXH
$963M
| $4.81M | ﹤0.01% |
146,105
+42,147
| +41% | +$1.31M |
|
2567
Primoris Services
PRIM
$4.43B
| $4.81M | ﹤0.01% |
38,736
-2,763
| -7% | -$361K |
|
2568
Copa Holdings
CPA
$5.49B
| $4.8M | ﹤0.01% |
39,779
+5,958
| +18% | +$729K |
|
2569
UMB Financial
UMBF
$11.2B
| $4.8M | ﹤0.01% |
41,703
+7,476
| +22% | +$847K |
|
|
TPC
2570
Tutor Perini Cor
TPC
$5.12B
| $4.79M | ﹤0.01% |
71,503
-1,456
| -2% | -$95.5K |
|
2571
Donaldson
DCI
$11.2B
| $4.79M | ﹤0.01% |
53,972
-8,486
| -14% | -$737K |
|
2572
First Trust Emerging Markets Equity Select ETF
RNEM
$17.1M
| $4.78M | ﹤0.01% |
86,254
-1,789
| -2% | -$98.4K |
|
2573
Commercial Metals
CMC
$7.97B
| $4.77M | ﹤0.01% |
68,966
+13,597
| +25% | +$851K |
|
2574
Global X Internet of Things ETF
SNSR
$222M
| $4.76M | ﹤0.01% |
128,904
-6,732
| -5% | -$255K |
|
2575
Capital Southwest
CSWC
$1.6B
| $4.76M | ﹤0.01% |
214,780
+20,045
| +10% | +$423K |
|
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.