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 | |
|---|---|---|---|---|---|---|
2676
Goldman Sachs JUST US Large Cap Equity ETF
JUST
$578M
| $3.98M | ﹤0.01% |
42,422
+4,330
| +11% | +$394K |
|
2677
AllianzIM U.S. Equity Buffer20 Dec ETF
DECW
$229M
| $3.97M | ﹤0.01% |
120,486
+93,624
| +349% | +$3.02M |
|
2678
WisdomTree International SmallCap Dividend Fund
DLS
$1.07B
| $3.97M | ﹤0.01% |
49,972
-41
| -0.1% | -$3.19K |
|
2679
Alger Mid Cap 40 ETF
FRTY
$150M
| $3.97M | ﹤0.01% |
177,459
+164,703
| +1,291% | +$3.34M |
|
2680
First Trust Multi Cap Value AlphaDEX Fund
FAB
$170M
| $3.97M | ﹤0.01% |
45,505
-4,791
| -10% | -$409K |
|
2681
AllianzIM U.S. Equity Buffer20 Aug ETF
AUGW
$136M
| $3.97M | ﹤0.01% |
124,123
+56,164
| +83% | +$1.76M |
|
2682
Royce Quant Small-Cap Quality Value ETF
SQLV
$30.2M
| $3.96M | ﹤0.01% |
92,668
+3,064
| +3% | +$128K |
|
2683
abrdn Physical Palladium Shares ETF
PALL
$662M
| $3.95M | ﹤0.01% |
173,040
-123,790
| -42% | -$2.65M |
|
|
PKST
2684
DELISTED
Peakstone Realty Trust
PKST
| $3.95M | ﹤0.01% |
301,035
-7,611
| -2% | -$101K |
|
2685
C3.ai
AI
$1.55B
| $3.95M | ﹤0.01% |
227,759
+24,248
| +12% | +$506K |
|
2686
Thor Industries
THO
$4.14B
| $3.94M | ﹤0.01% |
38,028
-2,272
| -6% | -$229K |
|
2687
Telefônica Brasil
VIV
$19.5B
| $3.94M | ﹤0.01% |
308,932
+77,380
| +33% | +$928K |
|
2688
Goldman Sachs Access High Yield Corporate Bond ETF
GHYB
$133M
| $3.94M | ﹤0.01% |
85,816
+50,451
| +143% | +$2.29M |
|
2689
PennantPark Floating Rate Capital
PFLT
$702M
| $3.93M | ﹤0.01% |
442,131
+197,974
| +81% | +$2.03M |
|
2690
iShares Agency Bond ETF
AGZ
$564M
| $3.93M | ﹤0.01% |
35,597
+1,457
| +4% | +$160K |
|
2691
Cheesecake Factory
CAKE
$5.26B
| $3.92M | ﹤0.01% |
71,803
+32,542
| +83% | +$1.99M |
|
2692
Vanguard Intermediate-Term Tax-Exempt Bond ETF
VTEI
$1.48B
| $3.92M | ﹤0.01% |
39,088
+10,264
| +36% | +$1.02M |
|
2693
Innovator Growth-100 Power Buffer ETF July
NJUL
$255M
| $3.92M | ﹤0.01% |
55,147
+16,555
| +43% | +$1.15M |
|
2694
InfraCap MLP ETF
AMZA
$461M
| $3.92M | ﹤0.01% |
97,562
-14,380
| -13% | -$609K |
|
2695
Bio-Rad Laboratories Class A
BIO
$9.31B
| $3.92M | ﹤0.01% |
13,980
+889
| +7% | +$242K |
|
2696
Fortive
FTV
$18.6B
| $3.92M | ﹤0.01% |
79,983
-37,313
| -32% | -$1.84M |
|
2697
United States Copper Index Fund
CPER
$791M
| $3.92M | ﹤0.01% |
130,590
-27,590
| -17% | -$831K |
|
|
AIV
2698
Aimco
AIV
$381M
| $3.92M | ﹤0.01% |
493,741
+19,699
| +4% | +$160K |
|
2699
IQ ARB Merger Arbitrage ETF
MNA
$253M
| $3.91M | ﹤0.01% |
109,049
+20,508
| +23% | +$729K |
|
2700
Flowserve
FLS
$10.1B
| $3.9M | ﹤0.01% |
73,425
-25,802
| -26% | -$1.4M |
|
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.