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 | |
|---|---|---|---|---|---|---|
|
PDO
2676
PIMCO Dynamic Income Opportunities Fund
PDO
$1.87B
| $4.24M | ﹤0.01% |
306,502
+30,762
| +11% | +$428K |
|
2677
WisdomTree True Emerging Markets Fund
XC
$80.9M
| $4.24M | ﹤0.01% |
130,626
-10,276
| -7% | -$354K |
|
|
FTMS
2678
Franklin Short-Term Municipal Income ETF
FTMS
$193M
| $4.24M | ﹤0.01% |
+426,775
| New | +$4.24M |
|
2679
UFP Technologies
UFPT
$2.49B
| $4.23M | ﹤0.01% |
19,042
+2,570
| +16% | +$551K |
|
2680
CALL
Tesla
TSLA
$1.31T
| $4.23M | ﹤0.01% |
9,400
+5,400
| +135% | +$2.39M |
|
2681
iShares MSCI China Small-Cap ETF
ECNS
$66.3M
| $4.22M | ﹤0.01% |
128,902
-9,823
| -7% | -$351K |
|
|
VISN
2682
Vistance Networks Inc
VISN
$2.7B
| $4.22M | ﹤0.01% |
232,841
+56,583
| +32% | +$976K |
|
2683
First Trust Intermediate Government Opportunities ETF
MGOV
$100M
| $4.22M | ﹤0.01% |
206,164
+10,547
| +5% | +$217K |
|
2684
PIMCO Enhanced Short Maturity Active ESG ETF
EMNT
$217M
| $4.22M | ﹤0.01% |
42,784
+5,254
| +14% | +$519K |
|
2685
Equity Residential
EQR
$24.4B
| $4.22M | ﹤0.01% |
66,889
-3,695
| -5% | -$227K |
|
2686
PUT
ServiceNow
NOW
$132B
| $4.21M | ﹤0.01% |
27,500
+10,000
| +57% | +$1.72M |
|
2687
VanEck Natural Resources ETF
HAP
$310M
| $4.21M | ﹤0.01% |
70,019
+44,447
| +174% | +$2.61M |
|
2688
Exponent
EXPO
$3.25B
| $4.21M | ﹤0.01% |
60,592
-9,332
| -13% | -$655K |
|
2689
Goldman Sachs JUST US Large Cap Equity ETF
JUST
$577M
| $4.2M | ﹤0.01% |
43,447
+1,025
| +2% | +$97.9K |
|
2690
Global X DAX Germany ETF
DAX
$236M
| $4.2M | ﹤0.01% |
92,059
+8,724
| +10% | +$389K |
|
2691
Knife River
KNF
$3.87B
| $4.2M | ﹤0.01% |
59,643
+7,287
| +14% | +$512K |
|
|
PFL
2692
PIMCO Income Strategy Fund
PFL
$388M
| $4.2M | ﹤0.01% |
497,728
+76,686
| +18% | +$647K |
|
2693
Pinnacle Financial Partners Inc
PNFP
$16B
| $4.19M | ﹤0.01% |
43,906
+2,322
| +6% | +$213K |
|
2694
Crocs
CROX
$6.31B
| $4.18M | ﹤0.01% |
48,882
-25,159
| -34% | -$2.1M |
|
2695
TransUnion
TRU
$15.4B
| $4.18M | ﹤0.01% |
48,745
-4,533
| -9% | -$372K |
|
2696
iShares Copper and Metals Mining ETF
ICOP
$473M
| $4.18M | ﹤0.01% |
94,257
+85,754
| +1,009% | +$3.42M |
|
2697
Howard Hughes
HHH
$4B
| $4.18M | ﹤0.01% |
52,357
-1,150
| -2% | -$95.3K |
|
2698
Idaho Strategic Resources
IDR
$549M
| $4.17M | ﹤0.01% |
103,469
+41,796
| +68% | +$1.6M |
|
2699
Thomson Reuters
TRI
$45.4B
| $4.17M | ﹤0.01% |
31,106
+2,317
| +8% | +$336K |
|
2700
Sanmina
SANM
$10.9B
| $4.16M | ﹤0.01% |
27,738
+13,738
| +98% | +$2.03M |
|
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.