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 | |
|---|---|---|---|---|---|---|
|
CGO
3026
Calamos Global Total Return Fund
CGO
$128M
| $2.72M | ﹤0.01% |
225,629
-16,208
| -7% | -$191K |
|
3027
Korn Ferry
KFY
$4.19B
| $2.71M | ﹤0.01% |
38,761
+1,780
| +5% | +$130K |
|
3028
Cellebrite
CLBT
$3.85B
| $2.71M | ﹤0.01% |
146,287
+71,797
| +96% | +$1.13M |
|
3029
Hawkins
HWKN
$2.76B
| $2.71M | ﹤0.01% |
14,820
+7,222
| +95% | +$1.21M |
|
3030
Gladstone Investment Corp
GAIN
$676M
| $2.71M | ﹤0.01% |
195,758
+7,565
| +4% | +$107K |
|
3031
Standex International
SXI
$4.05B
| $2.7M | ﹤0.01% |
12,757
+1,751
| +16% | +$331K |
|
3032
Littelfuse
LFUS
$11.8B
| $2.7M | ﹤0.01% |
10,430
-854
| -8% | -$214K |
|
3033
iShares MSCI Israel ETF
EIS
$887M
| $2.7M | ﹤0.01% |
26,930
+7,861
| +41% | +$739K |
|
3034
CALL
Palantir
PLTR
$376B
| $2.7M | ﹤0.01% |
14,800
+2,000
| +16% | +$324K |
|
|
BLE
3035
DELISTED
BlackRock Municipal Income Trust II
BLE
| $2.69M | ﹤0.01% |
257,724
-25,451
| -9% | -$255K |
|
3036
uniQure
QURE
$3.09B
| $2.69M | ﹤0.01% |
+46,114
| New | +$837K |
|
3037
First Industrial Realty Trust
FR
$8.43B
| $2.69M | ﹤0.01% |
52,229
+171
| +0.3% | +$8.59K |
|
3038
Global X MSCI SuperDividend Emerging Markets ETF
SDEM
$44.7M
| $2.69M | ﹤0.01% |
95,104
+3,423
| +4% | +$95.6K |
|
|
GGN
3039
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$801M
| $2.68M | ﹤0.01% |
520,749
+84,320
| +19% | +$394K |
|
3040
BlackRock Health Sciences Trust II
BMEZ
$982M
| $2.68M | ﹤0.01% |
186,073
-2,672
| -1% | -$38K |
|
|
EOD
3041
Allspring Global Dividend Opportunity Fund
EOD
$283M
| $2.68M | ﹤0.01% |
470,534
+211,185
| +81% | +$1.18M |
|
3042
WesBanco
WSBC
$3.99B
| $2.68M | ﹤0.01% |
83,846
+12,041
| +17% | +$384K |
|
|
WCLD
3043
WisdomTree Cloud Computing Fund
WCLD
$284M
| $2.67M | ﹤0.01% |
75,974
-7,518
| -9% | -$266K |
|
3044
Carriage Services
CSV
$588M
| $2.67M | ﹤0.01% |
59,963
-1,413
| -2% | -$63.9K |
|
3045
iShares ESG Advanced High Yield Corporate Bond ETF
HYXF
$195M
| $2.67M | ﹤0.01% |
56,225
-16,548
| -23% | -$782K |
|
3046
Barings BDC
BBDC
$960M
| $2.67M | ﹤0.01% |
304,754
+24,043
| +9% | +$226K |
|
3047
Floor & Decor
FND
$6.38B
| $2.67M | ﹤0.01% |
36,176
+9,147
| +34% | +$750K |
|
|
MMT
3048
Aberdeen Multi-Market Income Fund
MMT
$241M
| $2.67M | ﹤0.01% |
557,586
+45,175
| +9% | +$213K |
|
|
INEQ
3049
Columbia International Equity Income ETF
INEQ
$104M
| $2.66M | ﹤0.01% |
71,245
+16,626
| +30% | +$609K |
|
3050
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
| $2.66M | ﹤0.01% |
187,386
+23,085
| +14% | +$318K |
|
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.