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 | |
|---|---|---|---|---|---|---|
2576
Clean Harbors
CLH
$16.4B
| $4.76M | ﹤0.01% |
20,280
-2,119
| -9% | -$484K |
|
2577
Invesco S&P 500 Equal Weight Communication Services ETF
RSPC
$57.4M
| $4.75M | ﹤0.01% |
119,262
+56,264
| +89% | +$2.21M |
|
2578
iShares Agency Bond ETF
AGZ
$564M
| $4.75M | ﹤0.01% |
43,087
+7,490
| +21% | +$827K |
|
2579
Xtrackers Russell US Multifactor ETF
DEUS
$305M
| $4.73M | ﹤0.01% |
81,114
+7,381
| +10% | +$427K |
|
2580
Wingstop
WING
$3.03B
| $4.73M | ﹤0.01% |
19,824
+396
| +2% | +$98.1K |
|
|
COLO
2581
Global X MSCI Colombia ETF
COLO
$213M
| $4.72M | ﹤0.01% |
132,509
+5,718
| +5% | +$204K |
|
2582
Logitech
LOGI
$14.8B
| $4.72M | ﹤0.01% |
47,104
+18,096
| +62% | +$2.03M |
|
2583
Gentex
GNTX
$5.04B
| $4.72M | ﹤0.01% |
202,699
-19,114
| -9% | -$461K |
|
2584
Renasant Corp
RNST
$3.92B
| $4.7M | ﹤0.01% |
133,560
+23,579
| +21% | +$835K |
|
2585
Mercury Systems
MRCY
$6.55B
| $4.7M | ﹤0.01% |
64,423
+12,908
| +25% | +$960K |
|
2586
BlackRock Science and Technology Term Trust
BSTZ
$2.06B
| $4.7M | ﹤0.01% |
208,022
+13,620
| +7% | +$304K |
|
|
PPTA
2587
Perpetua Resources
PPTA
$3.18B
| $4.7M | ﹤0.01% |
194,209
+53,124
| +38% | +$1.31M |
|
2588
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.28B
| $4.69M | ﹤0.01% |
149,339
-6,811
| -4% | -$215K |
|
2589
Atlassian
TEAM
$39.1B
| $4.68M | ﹤0.01% |
28,873
-29,494
| -51% | -$4.63M |
|
2590
WBI Power Factor High Dividend ETF
WBIY
$62.7M
| $4.67M | ﹤0.01% |
146,041
+4,895
| +3% | +$153K |
|
|
CMA
2591
DELISTED
Comerica
CMA
| $4.67M | ﹤0.01% |
53,756
-13,517
| -20% | -$1.09M |
|
2592
ESAB
ESAB
$5.47B
| $4.67M | ﹤0.01% |
41,813
-930
| -2% | -$106K |
|
|
GTLS
2593
DELISTED
Chart Industries
GTLS
| $4.67M | ﹤0.01% |
22,641
-1,421
| -6% | -$288K |
|
2594
BlackRock MuniAssets Fund
MUA
$518M
| $4.67M | ﹤0.01% |
435,843
-4,931
| -1% | -$53.3K |
|
2595
Griffon
GFF
$4.84B
| $4.67M | ﹤0.01% |
63,369
-8,081
| -11% | -$601K |
|
2596
Amplify Online Retail ETF
IBUY
$125M
| $4.67M | ﹤0.01% |
62,687
+69
| +0.1% | +$5.11K |
|
2597
Upstart Holdings
UPST
$2.91B
| $4.67M | ﹤0.01% |
106,681
-4,875
| -4% | -$224K |
|
2598
First Hawaiian
FHB
$3.34B
| $4.65M | ﹤0.01% |
183,722
+12,871
| +8% | +$320K |
|
2599
Bio-Rad Laboratories Class A
BIO
$9.53B
| $4.63M | ﹤0.01% |
15,294
+1,314
| +9% | +$410K |
|
2600
AllianzIM U.S. Equity Buffer20 May ETF
MAYW
$452M
| $4.63M | ﹤0.01% |
138,016
-2,858
| -2% | -$94.8K |
|
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.