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 | |
|---|---|---|---|---|---|---|
2751
ALPS O'Shares Global Internet Giants ETF
OGIG
$110M
| $3.68M | ﹤0.01% |
63,973
+12,917
| +25% | +$708K |
|
2752
Forestar Group
FOR
$1.51B
| $3.67M | ﹤0.01% |
137,868
-591
| -0.4% | -$15.1K |
|
2753
Paylocity
PCTY
$7.91B
| $3.66M | ﹤0.01% |
22,983
-1,118
| -5% | -$198K |
|
2754
Silicon Laboratories
SLAB
$7.2B
| $3.66M | ﹤0.01% |
27,908
-2,978
| -10% | -$406K |
|
2755
Alpha Architect US Quantitative Value ETF
QVAL
$599M
| $3.66M | ﹤0.01% |
78,383
+2,096
| +3% | +$94.2K |
|
2756
PUT
CVS Health
CVS
$126B
| $3.66M | ﹤0.01% |
48,500
+19,000
| +64% | +$1.3M |
|
2757
ACM Research
ACMR
$5.52B
| $3.65M | ﹤0.01% |
93,190
-42,736
| -31% | -$1.27M |
|
|
MFA
2758
MFA Financial
MFA
$920M
| $3.65M | ﹤0.01% |
396,727
+45,068
| +13% | +$435K |
|
2759
EA Bridgeway Blue Chip ETF
BBLU
$458M
| $3.65M | ﹤0.01% |
242,557
+42,364
| +21% | +$606K |
|
2760
FT Vest US Equity Moderate Buffer ETF April
GAPR
$291M
| $3.64M | ﹤0.01% |
92,742
+5,380
| +6% | +$209K |
|
|
ARIS
2761
Aris Mining
ARIS
$3.23B
| $3.64M | ﹤0.01% |
371,238
-97,642
| -21% | -$779K |
|
2762
Dimensional World Equity ETF
DFAW
$1.62B
| $3.64M | ﹤0.01% |
50,607
+1,357
| +3% | +$94.4K |
|
2763
iShares Low Carbon Optimized MSCI ACWI ETF
CRBN
$1.18B
| $3.63M | ﹤0.01% |
16,010
+512
| +3% | +$112K |
|
2764
Sun Communities
SUI
$14.9B
| $3.63M | ﹤0.01% |
28,119
-2,152
| -7% | -$272K |
|
2765
iShares Global Industrials ETF
EXI
$1.48B
| $3.63M | ﹤0.01% |
20,996
+2,650
| +14% | +$447K |
|
2766
Peabody Energy
BTU
$2.78B
| $3.62M | ﹤0.01% |
136,363
-451,790
| -77% | -$8.05M |
|
2767
FT Vest US Equity Moderate Buffer ETF February
GFEB
$382M
| $3.6M | ﹤0.01% |
88,840
+15,840
| +22% | +$630K |
|
2768
LKQ Corp
LKQ
$6.1B
| $3.6M | ﹤0.01% |
117,850
+13,004
| +12% | +$427K |
|
2769
Elanco Animal Health
ELAN
$13.1B
| $3.6M | ﹤0.01% |
178,664
+23,391
| +15% | +$392K |
|
2770
America Movil
AMX
$72.1B
| $3.59M | ﹤0.01% |
170,954
+22,655
| +15% | +$432K |
|
|
PFL
2771
PIMCO Income Strategy Fund
PFL
$386M
| $3.59M | ﹤0.01% |
421,042
+66,622
| +19% | +$562K |
|
2772
Invesco S&P SmallCap Information Technology ETF
PSCT
$515M
| $3.58M | ﹤0.01% |
67,455
+1,265
| +2% | +$61K |
|
2773
Davis Select International ETF
DINT
$294M
| $3.58M | ﹤0.01% |
127,954
+12,876
| +11% | +$342K |
|
2774
Amplify Mobile Payments ETF
IPAY
$186M
| $3.58M | ﹤0.01% |
62,676
-2,126
| -3% | -$125K |
|
2775
Revvity
RVTY
$12.8B
| $3.58M | ﹤0.01% |
40,795
+10,905
| +36% | +$990K |
|
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.