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 | |
|---|---|---|---|---|---|---|
2651
iShares MSCI Pacific ex Japan ETF
EPP
$2.26B
| $4.1M | ﹤0.01% |
79,483
-11,840
| -13% | -$601K |
|
2652
Global Net Lease
GNL
$1.82B
| $4.1M | ﹤0.01% |
504,055
-34,170
| -6% | -$261K |
|
2653
LGI Homes
LGIH
$1.43B
| $4.1M | ﹤0.01% |
79,200
+5,239
| +7% | +$305K |
|
|
MYCF
2654
State Street My2026 Corporate Bond ETF
MYCF
$47.5M
| $4.1M | ﹤0.01% |
162,966
+25,672
| +19% | +$644K |
|
2655
BCE
BCE
$20.6B
| $4.09M | ﹤0.01% |
175,016
-811
| -0.5% | -$19.5K |
|
2656
Columbia Banking Systems
COLB
$8.9B
| $4.06M | ﹤0.01% |
157,860
+25,556
| +19% | +$649K |
|
2657
iShares MSCI Europe Small-Cap ETF
IEUS
$183M
| $4.06M | ﹤0.01% |
60,216
+30,820
| +105% | +$2.07M |
|
2658
Renasant Corp
RNST
$4.03B
| $4.06M | ﹤0.01% |
109,981
-1,726
| -2% | -$65.3K |
|
2659
UMB Financial
UMBF
$11.2B
| $4.05M | ﹤0.01% |
34,227
+1,618
| +5% | +$186K |
|
2660
FirstCash
FCFS
$9.07B
| $4.04M | ﹤0.01% |
25,518
-2,956
| -10% | -$413K |
|
2661
Knife River
KNF
$3.81B
| $4.02M | ﹤0.01% |
52,356
-5,380
| -9% | -$439K |
|
2662
Glacier Bancorp
GBCI
$6.56B
| $4.02M | ﹤0.01% |
82,626
-23,548
| -22% | -$1.1M |
|
2663
Copa Holdings
CPA
$6.16B
| $4.02M | ﹤0.01% |
33,821
+10,939
| +48% | +$1.25M |
|
2664
Nelnet
NNI
$4.86B
| $4.01M | ﹤0.01% |
32,019
+1,333
| +4% | +$167K |
|
2665
iShares Global Financials ETF
IXG
$688M
| $4.01M | ﹤0.01% |
34,386
-641
| -2% | -$72.8K |
|
|
THW
2666
abrdn World Healthcare Fund
THW
$533M
| $4.01M | ﹤0.01% |
318,341
+13,770
| +5% | +$155K |
|
2667
Ryanair
RYAAY
$31.8B
| $4.01M | ﹤0.01% |
66,554
+23,784
| +56% | +$1.45M |
|
2668
Putnam Focused Large Cap Growth ETF
PGRO
$214M
| $4.01M | ﹤0.01% |
90,154
-132,887
| -60% | -$5.66M |
|
2669
First Trust Intermediate Government Opportunities ETF
MGOV
$101M
| $4M | ﹤0.01% |
195,617
+165,995
| +560% | +$3.36M |
|
2670
Tortoise North American Pipeline ETF
TPYP
$851M
| $4M | ﹤0.01% |
109,770
-4,819
| -4% | -$171K |
|
2671
First Trust RiverFront Dynamic Emerging Markets ETF
RFEM
$81.7M
| $4M | ﹤0.01% |
52,684
+11,443
| +28% | +$842K |
|
2672
Atlantic Union Bankshares
AUB
$6.13B
| $3.99M | ﹤0.01% |
113,045
+3,693
| +3% | +$126K |
|
2673
Mercury Systems
MRCY
$6.51B
| $3.99M | ﹤0.01% |
51,515
-76,741
| -60% | -$4.77M |
|
2674
Trip.com Group
TCOM
$29B
| $3.99M | ﹤0.01% |
53,001
-409
| -0.8% | -$27.3K |
|
2675
Verra Mobility
VRRM
$849M
| $3.98M | ﹤0.01% |
161,294
+5,807
| +4% | +$144K |
|
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.