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 | |
|---|---|---|---|---|---|---|
2801
Sun Life Financial
SLF
$45.3B
| $3.5M | ﹤0.01% |
58,236
+3,588
| +7% | +$216K |
|
2802
Lemonade
LMND
$4.03B
| $3.49M | ﹤0.01% |
65,112
+17,915
| +38% | +$874K |
|
2803
Natural Resource Partners
NRP
$1.39B
| $3.48M | ﹤0.01% |
33,143
+1,648
| +5% | +$168K |
|
2804
AllianzIM U.S. Equity Buffer10 Apr ETF
APRT
$46.6M
| $3.48M | ﹤0.01% |
85,417
+37,976
| +80% | +$1.52M |
|
2805
Aaon
AAON
$7.63B
| $3.47M | ﹤0.01% |
37,106
-665
| -2% | -$54.5K |
|
2806
ENI
E
$76.5B
| $3.46M | ﹤0.01% |
99,115
+51,649
| +109% | +$1.78M |
|
2807
VanEck Pharmaceutical ETF
PPH
$927M
| $3.46M | ﹤0.01% |
38,265
-9,963
| -21% | -$873K |
|
|
SRV
2808
NXG Cushing Midstream Energy Fund
SRV
$216M
| $3.45M | ﹤0.01% |
75,130
+6,331
| +9% | +$274K |
|
|
ACTV
2809
DELISTED
LeaderShares Activist Leaders ETF
ACTV
| $3.45M | ﹤0.01% |
102,034
-18,570
| -15% | -$608K |
|
2810
Jones Lang LaSalle
JLL
$17.2B
| $3.45M | ﹤0.01% |
11,569
-157
| -1% | -$44.9K |
|
|
RA
2811
Brookfield Real Assets Income Fund
RA
$713M
| $3.45M | ﹤0.01% |
258,030
+24,145
| +10% | +$322K |
|
2812
FT Vest Nasdaq-100 Buffer ETF September
QSPT
$637M
| $3.45M | ﹤0.01% |
110,978
+11,740
| +12% | +$356K |
|
2813
Nuveen ESG Emerging Markets Equity ETF
NUEM
$382M
| $3.45M | ﹤0.01% |
96,530
+25,250
| +35% | +$864K |
|
2814
McEwen Inc
MUX
$1.18B
| $3.44M | ﹤0.01% |
201,101
-26,857
| -12% | -$322K |
|
2815
Corpay
CPAY
$25.8B
| $3.44M | ﹤0.01% |
11,927
-523
| -4% | -$167K |
|
|
ARI
2816
Apollo Commercial Real Estate
ARI
$872M
| $3.43M | ﹤0.01% |
338,826
-311
| -0.1% | -$3.17K |
|
2817
Interface
TILE
$2.04B
| $3.43M | ﹤0.01% |
118,481
-33,860
| -22% | -$854K |
|
2818
iShares US & Intl High Yield Corp Bond ETF
GHYG
$199M
| $3.42M | ﹤0.01% |
73,523
+8,121
| +12% | +$376K |
|
2819
Dave Inc
DAVE
$5.47B
| $3.42M | ﹤0.01% |
17,140
+2,598
| +18% | +$561K |
|
2820
SiriusXM
SIRI
$10.3B
| $3.4M | ﹤0.01% |
146,227
-52,618
| -26% | -$1.22M |
|
|
DBL
2821
DoubleLine Opportunistic Credit Fund
DBL
$279M
| $3.4M | ﹤0.01% |
217,977
+3,872
| +2% | +$59.6K |
|
2822
Truth Social God Bless America ETF
YALL
$89.6M
| $3.39M | ﹤0.01% |
75,444
-1,452
| -2% | -$62.6K |
|
2823
iShares Gold Trust Micro
IAUM
$6.66B
| $3.39M | ﹤0.01% |
88,150
+81,346
| +1,196% | +$2.81M |
|
|
BGB
2824
Blackstone Strategic Credit 2027 Term Fund
BGB
$502M
| $3.39M | ﹤0.01% |
278,417
+4,905
| +2% | +$60.8K |
|
2825
FT Vest US Equity Deep Buffer ETF July
DJUL
$450M
| $3.38M | ﹤0.01% |
72,485
+23,753
| +49% | +$1.09M |
|
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.