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 | |
|---|---|---|---|---|---|---|
3026
FT Vest US Equity Deep Buffer ETF June
DJUN
$353M
| $2.98M | ﹤0.01% |
62,888
+1,627
| +3% | +$76.1K |
|
|
RFI
3027
Cohen & Steers Total Return Realty Fund
RFI
$304M
| $2.98M | ﹤0.01% |
269,380
-25,309
| -9% | -$289K |
|
3028
NetEase
NTES
$79.5B
| $2.97M | ﹤0.01% |
21,605
-22,207
| -51% | -$3.15M |
|
3029
Cemex
CX
$16.2B
| $2.97M | ﹤0.01% |
258,346
-87,524
| -25% | -$905K |
|
3030
PVH
PVH
$3.8B
| $2.97M | ﹤0.01% |
44,243
+11,424
| +35% | +$893K |
|
|
MPT
3031
Medical Properties Trust
MPT
$2.41B
| $2.96M | ﹤0.01% |
592,736
-7,814
| -1% | -$40.7K |
|
3032
Star Bulk Carriers
SBLK
$3.09B
| $2.96M | ﹤0.01% |
154,077
-12,749
| -8% | -$238K |
|
3033
ProShares Short QQQ
PSQ
$642M
| $2.96M | ﹤0.01% |
97,972
-80,888
| -45% | -$2.47M |
|
3034
US Global GO Gold and Precious Metal Miners ETF
GOAU
$202M
| $2.96M | ﹤0.01% |
69,485
-26,884
| -28% | -$1.08M |
|
3035
Red Cat Holdings
RCAT
$1.59B
| $2.95M | ﹤0.01% |
372,237
+75,219
| +25% | +$720K |
|
|
AGD
3036
abrdn Global Dynamic Dividend Fund
AGD
$325M
| $2.95M | ﹤0.01% |
252,989
+75,502
| +43% | +$891K |
|
|
FTNY
3037
Franklin New York Municipal Income ETF
FTNY
$597M
| $2.95M | ﹤0.01% |
+375,698
| New | +$2.96M |
|
|
DLY
3038
DoubleLine Yield Opportunities Fund
DLY
$690M
| $2.94M | ﹤0.01% |
202,329
+42,128
| +26% | +$619K |
|
3039
Bright Horizons
BFAM
$3.74B
| $2.94M | ﹤0.01% |
28,983
-6,105
| -17% | -$616K |
|
|
AIV
3040
Aimco
AIV
$378M
| $2.94M | ﹤0.01% |
494,597
+856
| +0.2% | +$5.13K |
|
|
BRW
3041
Saba Capital Income & Opportunities Fund
BRW
$335M
| $2.93M | ﹤0.01% |
417,759
+2,874
| +0.7% | +$20.8K |
|
3042
Matsons
MATX
$6.36B
| $2.91M | ﹤0.01% |
23,555
+3,034
| +15% | +$326K |
|
3043
iShares MSCI Hong Kong ETF
EWH
$1.21B
| $2.91M | ﹤0.01% |
136,855
+20,056
| +17% | +$437K |
|
3044
Innovator US Equity Buffer ETF November
BNOV
$212M
| $2.9M | ﹤0.01% |
65,274
-3,534
| -5% | -$155K |
|
|
GTY
3045
Getty Realty Corp
GTY
$2.01B
| $2.9M | ﹤0.01% |
105,934
+11,921
| +13% | +$329K |
|
3046
International Seaways
INSW
$4.47B
| $2.9M | ﹤0.01% |
59,715
+3,590
| +6% | +$178K |
|
|
SRV
3047
NXG Cushing Midstream Energy Fund
SRV
$219M
| $2.9M | ﹤0.01% |
74,207
-923
| -1% | -$38.6K |
|
3048
AllianzIM U.S. Equity Buffer10 Jan ETF
JANT
$61.9M
| $2.89M | ﹤0.01% |
70,145
+30,191
| +76% | +$1.22M |
|
3049
Molson Coors Class B
TAP
$7.71B
| $2.89M | ﹤0.01% |
61,909
-554,149
| -90% | -$25.6M |
|
3050
PUT
Salesforce
CRM
$158B
| $2.89M | ﹤0.01% |
10,900
+1,600
| +17% | +$398K |
|
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.