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 | |
|---|---|---|---|---|---|---|
2626
TTM Technologies
TTMI
$13.8B
| $4.47M | ﹤0.01% |
64,847
+41,193
| +174% | +$2.69M |
|
2627
Global X Nasdaq 100 Covered Call & Growth ETF
QYLG
$166M
| $4.46M | ﹤0.01% |
163,639
+6,729
| +4% | +$201K |
|
2628
Polaris
PII
$3.99B
| $4.46M | ﹤0.01% |
70,505
-4,827
| -6% | -$318K |
|
2629
JPMorgan BetaBuilders US Small Cap Equity ETF
BBSC
$727M
| $4.45M | ﹤0.01% |
59,929
+2,472
| +4% | +$185K |
|
2630
Infosys
INFY
$51B
| $4.45M | ﹤0.01% |
249,703
-20,676
| -8% | -$358K |
|
2631
Royalty Pharma
RPRX
$25.7B
| $4.44M | ﹤0.01% |
114,881
+7,256
| +7% | +$277K |
|
2632
Sun Life Financial
SLF
$44.6B
| $4.44M | ﹤0.01% |
71,114
+12,878
| +22% | +$778K |
|
2633
FT Vest US Equity Moderate Buffer ETF August
GAUG
$293M
| $4.43M | ﹤0.01% |
112,847
+3,886
| +4% | +$151K |
|
2634
GraniteShares HIPS US High Income ETF
HIPS
$119M
| $4.43M | ﹤0.01% |
379,065
-7,812
| -2% | -$91.6K |
|
2635
Vanguard Intermediate-Term Tax-Exempt Bond ETF
VTEI
$1.54B
| $4.43M | ﹤0.01% |
43,910
+4,822
| +12% | +$486K |
|
|
FMUN
2636
Fidelity Systematic Municipal Bond Index ETF
FMUN
$179M
| $4.43M | ﹤0.01% |
88,095
-13,579
| -13% | -$682K |
|
2637
Leonardo DRS
DRS
$11.9B
| $4.42M | ﹤0.01% |
129,545
-13,699
| -10% | -$505K |
|
2638
Invesco S&P 500 BuyWrite ETF
PBP
$362M
| $4.42M | ﹤0.01% |
193,433
-6,555
| -3% | -$148K |
|
|
FTHY
2639
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$495M
| $4.42M | ﹤0.01% |
313,792
+15,760
| +5% | +$222K |
|
2640
Cogent Biosciences
COGT
$6.61B
| $4.41M | ﹤0.01% |
124,238
+74,036
| +147% | +$2.08M |
|
2641
PUT
Citigroup
C
$228B
| $4.41M | ﹤0.01% |
37,800
-2,600
| -6% | -$270K |
|
2642
FirstCash
FCFS
$9.04B
| $4.41M | ﹤0.01% |
27,645
+2,127
| +8% | +$335K |
|
2643
Pinduoduo
PDD
$129B
| $4.4M | ﹤0.01% |
38,831
-1,241
| -3% | -$154K |
|
2644
Jones Lang LaSalle
JLL
$16.7B
| $4.4M | ﹤0.01% |
13,086
+1,517
| +13% | +$475K |
|
2645
Nuveen Credit Strategies Income Fund
JQC
$717M
| $4.4M | ﹤0.01% |
876,601
-10,055
| -1% | -$51.1K |
|
2646
Franklin Ultra Short Bond ETF
FLUD
$558M
| $4.4M | ﹤0.01% |
176,008
+64,095
| +57% | +$1.6M |
|
2647
Avantis Responsible International Equity ETF
AVSD
$366M
| $4.39M | ﹤0.01% |
59,135
+24,971
| +73% | +$1.81M |
|
|
FIGR
2648
Figure Technology Solutions
FIGR
$6.16B
| $4.39M | ﹤0.01% |
107,395
+99,680
| +1,292% | +$3.99M |
|
|
FCT
2649
First Trust Senior Floating Rate Income Fund II
FCT
| $4.38M | ﹤0.01% |
435,236
-20,018
| -4% | -$195K |
|
2650
FT Vest US Equity Deep Buffer ETF January
DJAN
$482M
| $4.38M | ﹤0.01% |
100,819
+2,036
| +2% | +$86.8K |
|
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.