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 | |
|---|---|---|---|---|---|---|
2876
Natural Resource Partners
NRP
$1.37B
| $3.46M | ﹤0.01% |
33,124
-19
| -0.1% | -$1.98K |
|
|
SDHY
2877
PGIM Short Duration High Yield Opportunities Fund
SDHY
$403M
| $3.46M | ﹤0.01% |
210,100
+9,670
| +5% | +$160K |
|
|
RA
2878
Brookfield Real Assets Income Fund
RA
$706M
| $3.46M | ﹤0.01% |
266,603
+8,573
| +3% | +$113K |
|
2879
BlackRock MuniHoldings Fund
MHD
$605M
| $3.45M | ﹤0.01% |
293,842
+51,931
| +21% | +$608K |
|
2880
CALL
Costco
COST
$419B
| $3.45M | ﹤0.01% |
4,000
+1,000
| +33% | +$906K |
|
2881
Ambev
ABEV
$43.8B
| $3.44M | ﹤0.01% |
1,392,044
+164,258
| +13% | +$391K |
|
2882
Teradata
TDC
$2.5B
| $3.44M | ﹤0.01% |
112,950
+44,064
| +64% | +$1.15M |
|
|
EOD
2883
Allspring Global Dividend Opportunity Fund
EOD
$287M
| $3.42M | ﹤0.01% |
587,006
+116,472
| +25% | +$674K |
|
|
ARI
2884
Apollo Commercial Real Estate
ARI
$862M
| $3.42M | ﹤0.01% |
353,273
+14,447
| +4% | +$144K |
|
2885
FNB Corp
FNB
$6.8B
| $3.42M | ﹤0.01% |
199,776
+4,105
| +2% | +$67.1K |
|
2886
Camden Property Trust
CPT
$10.9B
| $3.41M | ﹤0.01% |
30,994
-1,936
| -6% | -$201K |
|
2887
Corpay
CPAY
$26.7B
| $3.41M | ﹤0.01% |
11,319
-608
| -5% | -$177K |
|
2888
Affiliated Managers Group
AMG
$9.48B
| $3.4M | ﹤0.01% |
11,781
+5,571
| +90% | +$1.44M |
|
2889
Haemonetics
HAE
$3.97B
| $3.39M | ﹤0.01% |
42,340
+2,756
| +7% | +$185K |
|
2890
Invesco S&P 500 Equal Weight Materials ETF
RSPM
$186M
| $3.39M | ﹤0.01% |
99,514
-19,119
| -16% | -$628K |
|
2891
Hyatt Hotels
H
$16.3B
| $3.39M | ﹤0.01% |
21,125
+13,595
| +181% | +$2.08M |
|
2892
CALL
Invesco QQQ Trust
QQQ
$478B
| $3.38M | ﹤0.01% |
5,500
-400
| -7% | -$245K |
|
2893
Philips
PHG
$26.4B
| $3.38M | ﹤0.01% |
129,369
+8,560
| +7% | +$228K |
|
2894
AllianzIM U.S. Equity Buffer10 Nov ETF
NVBT
$30.4M
| $3.38M | ﹤0.01% |
91,629
+71,233
| +349% | +$2.6M |
|
|
SA
2895
Seabridge Gold
SA
$3.45B
| $3.38M | ﹤0.01% |
114,075
+9,428
| +9% | +$248K |
|
2896
Inspire Growth ETF
GLRY
$168M
| $3.37M | ﹤0.01% |
94,220
+34,271
| +57% | +$1.25M |
|
|
FTMN
2897
Franklin Minnesota Municipal Income ETF
FTMN
$195M
| $3.37M | ﹤0.01% |
+381,702
| New | +$3.37M |
|
2898
STF Tactical Growth ETF
TUG
$33.9M
| $3.37M | ﹤0.01% |
84,920
-4,632
| -5% | -$186K |
|
2899
PAR Technology
PAR
$721M
| $3.36M | ﹤0.01% |
92,641
+18,769
| +25% | +$677K |
|
2900
Tradeweb Markets
TW
$22B
| $3.36M | ﹤0.01% |
31,237
-20,549
| -40% | -$2.21M |
|
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.