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 | |
|---|---|---|---|---|---|---|
2626
FT Vest US Equity Moderate Buffer ETF August
GAUG
$292M
| $4.21M | ﹤0.01% |
108,961
+56,355
| +107% | +$2.13M |
|
2627
New Jersey Resources
NJR
$5.57B
| $4.2M | ﹤0.01% |
87,273
+1,729
| +2% | +$80.6K |
|
2628
Charles River Laboratories
CRL
$12.5B
| $4.2M | ﹤0.01% |
26,839
-1,978
| -7% | -$314K |
|
2629
Global X Cloud Computing ETF
CLOU
$260M
| $4.19M | ﹤0.01% |
180,264
-37,279
| -17% | -$854K |
|
2630
Zurn Elkay Water Solutions
ZWS
$8.76B
| $4.19M | ﹤0.01% |
88,992
+941
| +1% | +$40.6K |
|
2631
Vanguard Short-Term Tax-Exempt Bond ETF
VTES
$2.08B
| $4.18M | ﹤0.01% |
41,054
+12,782
| +45% | +$1.3M |
|
2632
Gen Digital
GEN
$16.7B
| $4.18M | ﹤0.01% |
147,312
+11,446
| +8% | +$342K |
|
2633
Innovator Growth-100 Power Buffer ETF October
NOCT
$229M
| $4.18M | ﹤0.01% |
73,560
+14,288
| +24% | +$796K |
|
2634
Vanguard ESG US Corporate Bond ETF
VCEB
$1.18B
| $4.18M | ﹤0.01% |
65,045
+7,083
| +12% | +$450K |
|
2635
Brixmor Property Group
BRX
$9.46B
| $4.17M | ﹤0.01% |
150,806
+3,380
| +2% | +$90.5K |
|
2636
Hecla Mining
HL
$11.2B
| $4.17M | ﹤0.01% |
344,920
+10,461
| +3% | +$84K |
|
2637
Invesco California Value Municipal Income Trust
VCV
$520M
| $4.17M | ﹤0.01% |
393,338
+17,380
| +5% | +$179K |
|
2638
Sonoco
SON
$5.77B
| $4.16M | ﹤0.01% |
96,638
+16,998
| +21% | +$785K |
|
2639
FT Vest US Equity Deep Buffer ETF January
DJAN
$479M
| $4.16M | ﹤0.01% |
98,783
+17,932
| +22% | +$739K |
|
|
COLO
2640
Global X MSCI Colombia ETF
COLO
$208M
| $4.16M | ﹤0.01% |
126,791
-10,138
| -7% | -$315K |
|
2641
Pilgrim's Pride
PPC
$6.29B
| $4.16M | ﹤0.01% |
102,106
-832
| -0.8% | -$37.7K |
|
2642
Invesco Global Water ETF
PIO
$284M
| $4.15M | ﹤0.01% |
92,414
+4,578
| +5% | +$205K |
|
2643
United Therapeutics
UTHR
$22.1B
| $4.14M | ﹤0.01% |
9,884
-3,323
| -25% | -$1.12M |
|
|
EXAS
2644
DELISTED
Exact Sciences
EXAS
| $4.14M | ﹤0.01% |
75,725
+12,265
| +19% | +$613K |
|
|
NHS
2645
Neuberger High Yield Strategies Fund Inc
NHS
$254M
| $4.14M | ﹤0.01% |
551,896
+3,987
| +0.7% | +$29.9K |
|
2646
Nuveen Multi-Asset Income Fund
NMAI
$476M
| $4.13M | ﹤0.01% |
318,382
+15,441
| +5% | +$196K |
|
2647
SiteOne Landscape Supply
SITE
$4.42B
| $4.12M | ﹤0.01% |
31,996
+2,270
| +8% | +$308K |
|
2648
Roundhill Ball Metaverse ETF
METV
$215M
| $4.1M | ﹤0.01% |
199,075
+8,833
| +5% | +$167K |
|
2649
PUT
Citigroup
C
$233B
| $4.1M | ﹤0.01% |
40,400
-41,700
| -51% | -$3.96M |
|
2650
Bio-Techne
TECH
$11.2B
| $4.1M | ﹤0.01% |
73,679
-11,518
| -14% | -$617K |
|
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.