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 | |
|---|---|---|---|---|---|---|
2726
Zurn Elkay Water Solutions
ZWS
$8.6B
| $4.05M | ﹤0.01% |
87,101
-1,891
| -2% | -$88.7K |
|
2727
Trip.com Group
TCOM
$29.1B
| $4.04M | ﹤0.01% |
56,241
+3,240
| +6% | +$232K |
|
2728
Brookfield Asset Management
BAM
$88.4B
| $4.04M | ﹤0.01% |
77,070
+9,869
| +15% | +$531K |
|
2729
EastGroup Properties
EGP
$10.8B
| $4.04M | ﹤0.01% |
22,662
-117
| -0.5% | -$20.8K |
|
2730
Tanger
SKT
$4.43B
| $4.03M | ﹤0.01% |
120,720
+15,236
| +14% | +$508K |
|
2731
Brixmor Property Group
BRX
$9.09B
| $4.03M | ﹤0.01% |
153,529
+2,723
| +2% | +$71.9K |
|
2732
WisdomTree International SmallCap Dividend Fund
DLS
$1.07B
| $4.02M | ﹤0.01% |
49,615
-357
| -0.7% | -$28.2K |
|
2733
AllianzIM U.S. Equity Buffer20 Jun ETF
JUNW
$374M
| $4.02M | ﹤0.01% |
120,323
-8,769
| -7% | -$290K |
|
2734
Travel + Leisure Co
TNL
$4.52B
| $4.02M | ﹤0.01% |
56,954
+1,145
| +2% | +$75K |
|
2735
iShares Core 5-10 Year USD Bond ETF
IMTB
$275M
| $4.02M | ﹤0.01% |
90,850
+17,356
| +24% | +$768K |
|
2736
Lithia Motors
LAD
$8.32B
| $4.01M | ﹤0.01% |
12,080
-103
| -0.8% | -$32.7K |
|
2737
New Jersey Resources
NJR
$5.55B
| $4.01M | ﹤0.01% |
87,031
-242
| -0.3% | -$11.2K |
|
|
AGIX
2738
KraneShares Public-Private AI & Technology ETF
AGIX
$608M
| $4.01M | ﹤0.01% |
110,380
+99,781
| +941% | +$3.7M |
|
|
PKST
2739
DELISTED
Peakstone Realty Trust
PKST
| $4M | ﹤0.01% |
278,773
-22,262
| -7% | -$307K |
|
2740
FlexShares International Quality Dividend Index Fund
IQDF
$1.17B
| $4M | ﹤0.01% |
131,554
+21,802
| +20% | +$640K |
|
2741
Procore
PCOR
$8.93B
| $3.99M | ﹤0.01% |
54,847
+15,996
| +41% | +$1.18M |
|
2742
GXO Logistics
GXO
$5.37B
| $3.99M | ﹤0.01% |
75,777
+5,135
| +7% | +$270K |
|
|
CIK
2743
Credit Suisse Asset Management Income Fund
CIK
$135M
| $3.98M | ﹤0.01% |
1,406,640
-80,354
| -5% | -$229K |
|
2744
B2Gold
BTG
$6.7B
| $3.98M | ﹤0.01% |
882,551
-212,847
| -19% | -$992K |
|
2745
Revvity
RVTY
$12.9B
| $3.97M | ﹤0.01% |
41,061
+266
| +0.7% | +$25.5K |
|
2746
FT Vest US Equity Moderate Buffer ETF January
GJAN
$438M
| $3.97M | ﹤0.01% |
92,796
-8,575
| -8% | -$361K |
|
2747
VanEck Durable High Dividend ETF
DURA
$39.1M
| $3.97M | ﹤0.01% |
117,488
-6,764
| -5% | -$228K |
|
2748
Counterpoint Quantitative Equity ETF
CPAI
$417M
| $3.96M | ﹤0.01% |
98,831
+17,948
| +22% | +$711K |
|
2749
AllianzIM U.S. Equity Buffer20 Aug ETF
AUGW
$119M
| $3.96M | ﹤0.01% |
121,712
-2,411
| -2% | -$77.5K |
|
|
BGB
2750
Blackstone Strategic Credit 2027 Term Fund
BGB
$507M
| $3.96M | ﹤0.01% |
335,974
+57,557
| +21% | +$681K |
|
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.