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 | |
|---|---|---|---|---|---|---|
2851
Sonoco
SON
$5.71B
| $3.57M | ﹤0.01% |
81,759
-14,879
| -15% | -$616K |
|
2852
Global X Cloud Computing ETF
CLOU
$270M
| $3.55M | ﹤0.01% |
156,904
-23,360
| -13% | -$541K |
|
2853
Goldman Sachs Access High Yield Corporate Bond ETF
GHYB
$133M
| $3.54M | ﹤0.01% |
78,178
-7,638
| -9% | -$347K |
|
2854
FT Vest Nasdaq-100 Buffer ETF September
QSPT
$641M
| $3.54M | ﹤0.01% |
111,814
+836
| +0.8% | +$26.2K |
|
2855
AllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETF
SIXF
$48.2M
| $3.54M | ﹤0.01% |
110,921
+4,898
| +5% | +$154K |
|
2856
TriCo Bancshares
TCBK
$1.83B
| $3.53M | ﹤0.01% |
74,554
+58,881
| +376% | +$2.7M |
|
2857
AllianzIM U.S. Equity Buffer10 Apr ETF
APRT
$46.6M
| $3.53M | ﹤0.01% |
84,815
-602
| -0.7% | -$24.7K |
|
|
CPZ
2858
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$268M
| $3.52M | ﹤0.01% |
241,078
+23,293
| +11% | +$354K |
|
2859
Kite Realty
KRG
$5.24B
| $3.52M | ﹤0.01% |
146,900
+7,687
| +6% | +$175K |
|
2860
Invesco DB Precious Metals Fund
DBP
$257M
| $3.51M | ﹤0.01% |
34,175
-7,580
| -18% | -$733K |
|
2861
Invesco Global Clean Energy ETF
PBD
$192M
| $3.51M | ﹤0.01% |
218,412
+157,859
| +261% | +$2.56M |
|
2862
SPX Corp
SPXC
$10.9B
| $3.51M | ﹤0.01% |
17,548
+768
| +5% | +$157K |
|
2863
Timken Company
TKR
$8.91B
| $3.51M | ﹤0.01% |
41,728
+3,878
| +10% | +$308K |
|
2864
McEwen Inc
MUX
$1.17B
| $3.51M | ﹤0.01% |
189,651
-11,450
| -6% | -$213K |
|
2865
Vanguard Total World Bond ETF
BNDW
$1.89B
| $3.5M | ﹤0.01% |
50,914
+14,075
| +38% | +$980K |
|
2866
iShares Global Industrials ETF
EXI
$1.48B
| $3.49M | ﹤0.01% |
19,889
-1,107
| -5% | -$192K |
|
2867
PUT
Spotify
SPOT
$103B
| $3.48M | ﹤0.01% |
6,000
+500
| +9% | +$313K |
|
2868
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$83.1M
| $3.48M | ﹤0.01% |
34,662
-8,283
| -19% | -$859K |
|
2869
Doximity
DOCS
$4.65B
| $3.48M | ﹤0.01% |
78,490
-9,837
| -11% | -$552K |
|
2870
iShares US & Intl High Yield Corp Bond ETF
GHYG
$199M
| $3.48M | ﹤0.01% |
75,331
+1,808
| +2% | +$83.2K |
|
|
MFA
2871
MFA Financial
MFA
$928M
| $3.47M | ﹤0.01% |
373,211
-23,516
| -6% | -$219K |
|
2872
Noble Corp
NE
$7.1B
| $3.47M | ﹤0.01% |
122,962
+7,248
| +6% | +$214K |
|
2873
Plug Power
PLUG
$3.1B
| $3.47M | ﹤0.01% |
1,759,749
+709,859
| +68% | +$1.85M |
|
2874
Planet Fitness
PLNT
$3.62B
| $3.46M | ﹤0.01% |
31,941
-56
| -0.2% | -$5.76K |
|
2875
Sun Communities
SUI
$14.5B
| $3.46M | ﹤0.01% |
27,957
-162
| -0.6% | -$20.3K |
|
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.