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 | |
|---|---|---|---|---|---|---|
2726
Royalty Pharma
RPRX
$25.6B
| $3.8M | ﹤0.01% |
107,625
+54,650
| +103% | +$1.98M |
|
|
MYD
2727
DELISTED
BlackRock MuniYield Fund
MYD
| $3.79M | ﹤0.01% |
358,706
+107,400
| +43% | +$1.09M |
|
2728
Vail Resorts
MTN
$5.39B
| $3.79M | ﹤0.01% |
25,307
+1,662
| +7% | +$258K |
|
2729
Hartford Large Cap Growth ETF
HFGO
$213M
| $3.78M | ﹤0.01% |
139,326
+80,261
| +136% | +$2.09M |
|
2730
Honda
HMC
$39.7B
| $3.76M | ﹤0.01% |
122,167
+22,069
| +22% | +$720K |
|
2731
NextNav
NN
$2.02B
| $3.76M | ﹤0.01% |
263,035
+50,814
| +24% | +$802K |
|
2732
NEOS Enhanced Income Aggregate Bond ETF
BNDI
$186M
| $3.76M | ﹤0.01% |
79,004
+34,916
| +79% | +$1.65M |
|
2733
Gildan
GIL
$10.8B
| $3.75M | ﹤0.01% |
64,847
+2,853
| +5% | +$153K |
|
2734
Innovator US Small Cap Power Buffer ETF January
KJAN
$327M
| $3.74M | ﹤0.01% |
92,672
+9,073
| +11% | +$353K |
|
2735
GXO Logistics
GXO
$5.48B
| $3.74M | ﹤0.01% |
70,642
-6,170
| -8% | -$317K |
|
2736
CorMedix
CRMD
$581M
| $3.73M | ﹤0.01% |
320,726
+237,896
| +287% | +$2.88M |
|
2737
Global X DAX Germany ETF
DAX
$235M
| $3.73M | ﹤0.01% |
83,335
+2,098
| +3% | +$93.6K |
|
2738
PUT
UnitedHealth
UNH
$375B
| $3.73M | ﹤0.01% |
10,800
+8,700
| +414% | +$2.63M |
|
|
FFA
2739
First Trust Enhanced Equity Income Fund
FFA
$464M
| $3.73M | ﹤0.01% |
173,220
+21,991
| +15% | +$463K |
|
|
NBET
2740
Neuberger Energy Transition & Infrastructure ETF
NBET
$46.2M
| $3.73M | ﹤0.01% |
113,573
+18,575
| +20% | +$603K |
|
2741
Deutsche Bank
DB
$71.5B
| $3.72M | ﹤0.01% |
105,139
+18,349
| +21% | +$625K |
|
2742
Invesco DB Precious Metals Fund
DBP
$250M
| $3.71M | ﹤0.01% |
41,755
+16,843
| +68% | +$1.33M |
|
2743
PIMCO Enhanced Short Maturity Active ESG ETF
EMNT
$211M
| $3.71M | ﹤0.01% |
37,530
+4,169
| +12% | +$411K |
|
2744
iShares MSCI Sweden ETF
EWD
$594M
| $3.71M | ﹤0.01% |
78,579
-62,840
| -44% | -$2.9M |
|
|
CPTL
2745
Global X Funds Global X Morningstar Capital Allocation Leaders ETF
CPTL
$119M
| $3.7M | ﹤0.01% |
85,809
+8,045
| +10% | +$336K |
|
2746
Invesco Value Municipal Income Trust
IIM
$593M
| $3.7M | ﹤0.01% |
294,663
+122,180
| +71% | +$1.44M |
|
2747
Simplify US Equity PLUS Convexity ETF
SPYC
$118M
| $3.69M | ﹤0.01% |
86,192
+73,919
| +602% | +$3.07M |
|
2748
Takeda Pharmaceutical
TAK
$53.4B
| $3.69M | ﹤0.01% |
252,175
+26,737
| +12% | +$397K |
|
|
FUND
2749
Sprott Focus Trust
FUND
$301M
| $3.68M | ﹤0.01% |
443,037
-7,426
| -2% | -$59.2K |
|
2750
PUT
CrowdStrike
CRWD
$214B
| $3.68M | ﹤0.01% |
+30,000
| New | +$3.41M |
|
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.