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 | |
|---|---|---|---|---|---|---|
2576
Qualys
QLYS
$6.62B
| $4.46M | ﹤0.01% |
33,725
+11,952
| +55% | +$1.62M |
|
|
DPG
2577
Duff & Phelps Utility and Infrastructure Fund
DPG
$521M
| $4.46M | ﹤0.01% |
345,342
+12,327
| +4% | +$155K |
|
2578
Nuveen Enhanced Yield US Aggregate Bond ETF
NUAG
$95.2M
| $4.46M | ﹤0.01% |
209,213
+72,151
| +53% | +$1.52M |
|
2579
Crown Holdings
CCK
$13.2B
| $4.46M | ﹤0.01% |
46,141
+12,157
| +36% | +$1.22M |
|
2580
CubeSmart
CUBE
$9.43B
| $4.45M | ﹤0.01% |
109,494
-5,352
| -5% | -$218K |
|
2581
GraniteShares Platinum Shares
PLTM
$189M
| $4.45M | ﹤0.01% |
294,423
+185,210
| +170% | +$2.48M |
|
2582
Dorian LPG
LPG
$1.88B
| $4.45M | ﹤0.01% |
149,186
+1,611
| +1% | +$48.4K |
|
2583
Invesco S&P 500 BuyWrite ETF
PBP
$362M
| $4.42M | ﹤0.01% |
199,988
+72,179
| +56% | +$1.59M |
|
2584
BlackRock Floating Rate Income Strategies Fund
FRA
$384M
| $4.42M | ﹤0.01% |
340,411
+163,303
| +92% | +$2.16M |
|
2585
Invesco Bloomberg MVP Multi-factor ETF
BMVP
$105M
| $4.41M | ﹤0.01% |
89,987
-4,848
| -5% | -$235K |
|
2586
Matador Resources
MTDR
$5.88B
| $4.4M | ﹤0.01% |
97,983
-758
| -0.8% | -$37K |
|
2587
Infosys
INFY
$50.2B
| $4.4M | ﹤0.01% |
270,379
-47,426
| -15% | -$817K |
|
2588
Petrobras
PBR
$120B
| $4.4M | ﹤0.01% |
347,377
+7,610
| +2% | +$95.6K |
|
2589
Howard Hughes
HHH
$3.91B
| $4.4M | ﹤0.01% |
53,507
-693
| -1% | -$51.3K |
|
2590
Ingredion
INGR
$6.52B
| $4.39M | ﹤0.01% |
35,933
-243
| -0.7% | -$31.3K |
|
2591
STMicroelectronics
STM
$47.4B
| $4.38M | ﹤0.01% |
155,047
+1,286
| +0.8% | +$36K |
|
2592
Polaris
PII
$4.21B
| $4.38M | ﹤0.01% |
75,332
+1,595
| +2% | +$86K |
|
2593
Chemed
CHE
$7.03B
| $4.38M | ﹤0.01% |
9,773
-787
| -7% | -$356K |
|
2594
BlackRock Income Trust
BKT
$340M
| $4.37M | ﹤0.01% |
389,017
+202,102
| +108% | +$2.35M |
|
|
GAP
2595
The Gap Inc
GAP
$7.44B
| $4.36M | ﹤0.01% |
203,730
-84,165
| -29% | -$1.82M |
|
|
CIK
2596
Credit Suisse Asset Management Income Fund
CIK
$134M
| $4.36M | ﹤0.01% |
1,486,994
+35,562
| +2% | +$106K |
|
2597
WEX
WEX
$6.41B
| $4.36M | ﹤0.01% |
27,657
-2,387
| -8% | -$395K |
|
|
ETB
2598
Eaton Vance Tax-Managed Buy-Write Income Fund
ETB
$457M
| $4.36M | ﹤0.01% |
290,413
+153,523
| +112% | +$2.26M |
|
2599
KT
KT
$8.77B
| $4.36M | ﹤0.01% |
223,360
+76,968
| +53% | +$1.57M |
|
2600
WBI Power Factor High Dividend ETF
WBIY
$63.7M
| $4.35M | ﹤0.01% |
141,146
-6,991
| -5% | -$217K |
|
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.