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 | |
|---|---|---|---|---|---|---|
2901
IDEX
IEX
$17.5B
| $3.14M | ﹤0.01% |
19,281
+1,332
| +7% | +$225K |
|
2902
Penumbra
PEN
$12.7B
| $3.13M | ﹤0.01% |
12,373
-16,111
| -57% | -$4.06M |
|
2903
SPX Corp
SPXC
$10.8B
| $3.13M | ﹤0.01% |
16,780
+2,763
| +20% | +$511K |
|
2904
FlexShares International Quality Dividend Index Fund
IQDF
$1.17B
| $3.13M | ﹤0.01% |
109,752
+2,515
| +2% | +$70.5K |
|
2905
Sportradar
SRAD
$3.74B
| $3.13M | ﹤0.01% |
116,245
+26,021
| +29% | +$772K |
|
|
CCD
2906
Calamos Dynamic Convertible & Income Fund
CCD
$728M
| $3.12M | ﹤0.01% |
148,504
+30,039
| +25% | +$621K |
|
2907
iShares Investment Grade Corporate Bond BuyWrite Strategy ETF
LQDW
$307M
| $3.12M | ﹤0.01% |
123,443
+17,981
| +17% | +$455K |
|
2908
FT Vest US Equity Moderate Buffer ETF November
GNOV
$297M
| $3.12M | ﹤0.01% |
81,884
-1,479
| -2% | -$55.1K |
|
|
USAR
2909
USA Rare Earth Inc
USAR
$4.2B
| $3.11M | ﹤0.01% |
180,946
+137,429
| +316% | +$1.96M |
|
2910
Cemex
CX
$16.7B
| $3.11M | ﹤0.01% |
345,870
+115,488
| +50% | +$986K |
|
2911
Piper Sandler
PIPR
$5.14B
| $3.1M | ﹤0.01% |
35,792
+4,212
| +13% | +$343K |
|
2912
Kite Realty
KRG
$5.48B
| $3.1M | ﹤0.01% |
139,213
+5,866
| +4% | +$131K |
|
2913
Nuveen Real Asset Income & Growth Fund
JRI
$348M
| $3.1M | ﹤0.01% |
217,830
+38,615
| +22% | +$522K |
|
2914
Star Bulk Carriers
SBLK
$3.12B
| $3.1M | ﹤0.01% |
166,826
+6,158
| +4% | +$116K |
|
2915
ARK 21Shares Bitcoin ETF
ARKB
$2.47B
| $3.1M | ﹤0.01% |
81,518
+22,060
| +37% | +$840K |
|
2916
AGCO
AGCO
$7.27B
| $3.1M | ﹤0.01% |
28,937
-1,466
| -5% | -$162K |
|
|
FAX
2917
abrdn Asia-Pacific Income Fund
FAX
$594M
| $3.09M | ﹤0.01% |
189,956
+2,889
| +2% | +$47.1K |
|
2918
Fomento Económico Mexicano
FMX
$42.4B
| $3.09M | ﹤0.01% |
31,364
+10,521
| +50% | +$978K |
|
2919
BlackRock Large Cap Value ETF
BLCV
$349M
| $3.09M | ﹤0.01% |
+86,142
| New | +$3.04M |
|
2920
Dimensional US Core Equity 1 ETF
DCOR
$3.43B
| $3.09M | ﹤0.01% |
42,937
+6,959
| +19% | +$484K |
|
2921
FT Vest US Equity Deep Buffer ETF September
DSEP
$354M
| $3.08M | ﹤0.01% |
69,607
+19,597
| +39% | +$850K |
|
2922
Red Cat Holdings
RCAT
$1.32B
| $3.07M | ﹤0.01% |
297,018
+94,453
| +47% | +$883K |
|
|
LIF
2923
Life360
LIF
$4.98B
| $3.07M | ﹤0.01% |
28,864
+15,916
| +123% | +$1.34M |
|
2924
Futu Holdings
FUTU
$15.5B
| $3.07M | ﹤0.01% |
17,636
+121
| +0.7% | +$20.1K |
|
|
NCZ
2925
Virtus Convertible & Income Fund II
NCZ
$300M
| $3.07M | ﹤0.01% |
224,132
+28,049
| +14% | +$373K |
|
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.