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 | |
|---|---|---|---|---|---|---|
2876
PUT
ServiceNow
NOW
$121B
| $3.22M | ﹤0.01% |
17,500
+14,500
| +483% | +$2.71M |
|
2877
Axsome Therapeutics
AXSM
$11B
| $3.21M | ﹤0.01% |
26,457
+2,211
| +9% | +$249K |
|
|
DAY
2878
DELISTED
Dayforce
DAY
| $3.21M | ﹤0.01% |
46,619
-16,964
| -27% | -$1.06M |
|
2879
ESCO Technologies
ESE
$8.45B
| $3.21M | ﹤0.01% |
15,206
-193
| -1% | -$38.2K |
|
2880
Alcoa
AA
$12.6B
| $3.21M | ﹤0.01% |
97,513
-4,636
| -5% | -$144K |
|
2881
Vericel Corp
VCEL
$2.32B
| $3.2M | ﹤0.01% |
101,800
+7,955
| +8% | +$286K |
|
2882
USCF Midstream Energy Income Fund
UMI
$496M
| $3.2M | ﹤0.01% |
62,382
-5,784
| -8% | -$291K |
|
2883
Invesco S&P 500 Downside Hedged ETF
PHDG
$64.9M
| $3.2M | ﹤0.01% |
85,944
-11,261
| -12% | -$408K |
|
2884
Lazard
LAZ
$4.26B
| $3.2M | ﹤0.01% |
60,640
+25,394
| +72% | +$1.37M |
|
2885
Franklin Systematic Style Premia ETF
FLSP
$1.04B
| $3.2M | ﹤0.01% |
120,558
+75,800
| +169% | +$1.91M |
|
2886
Counterpoint Quantitative Equity ETF
CPAI
$404M
| $3.19M | ﹤0.01% |
80,883
+12,397
| +18% | +$458K |
|
2887
Avantis Core Municipal Fixed Income ETF
AVMU
$173M
| $3.19M | ﹤0.01% |
70,031
-5,324
| -7% | -$238K |
|
|
MPV
2888
Barings Participation Investors
MPV
$177M
| $3.19M | ﹤0.01% |
158,188
-8,759
| -5% | -$171K |
|
|
TEI
2889
Templeton Emerging Markets Income Fund
TEI
$318M
| $3.19M | ﹤0.01% |
514,048
+10,952
| +2% | +$66.9K |
|
2890
FT Vest US Equity Moderate Buffer ETF September
GSEP
$353M
| $3.18M | ﹤0.01% |
83,554
+9,658
| +13% | +$361K |
|
2891
Logitech
LOGI
$15.1B
| $3.18M | ﹤0.01% |
29,008
-3,144
| -10% | -$316K |
|
2892
Philips
PHG
$26B
| $3.18M | ﹤0.01% |
120,809
+14,895
| +14% | +$382K |
|
|
DIAX
2893
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
| $3.17M | ﹤0.01% |
213,080
+16,709
| +9% | +$242K |
|
2894
Commercial Metals
CMC
$8.37B
| $3.17M | ﹤0.01% |
55,369
+5,212
| +10% | +$288K |
|
|
WEA
2895
Western Asset Premier Bond Fund
WEA
$124M
| $3.17M | ﹤0.01% |
282,392
+795
| +0.3% | +$8.74K |
|
2896
Brookfield Renewable
BEPC
$6.18B
| $3.16M | ﹤0.01% |
91,902
+9,738
| +12% | +$334K |
|
2897
Nuveen ESG 1-5 Year US Aggregate Bond ETF
NUSA
$34.5M
| $3.16M | ﹤0.01% |
134,613
-1,097
| -0.8% | -$25.6K |
|
2898
FNB Corp
FNB
$6.84B
| $3.15M | ﹤0.01% |
195,671
-31,400
| -14% | -$499K |
|
2899
AllianzIM U.S. Equity Buffer20 Sep ETF
SEPW
$106M
| $3.14M | ﹤0.01% |
100,044
+78,968
| +375% | +$2.43M |
|
|
GCV
2900
Gabelli Convertible and Income Securities Fund
GCV
$93.9M
| $3.14M | ﹤0.01% |
760,520
+42,649
| +6% | +$170K |
|
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.