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 | |
|---|---|---|---|---|---|---|
|
CNH
3076
CNH Industrial
CNH
$17.4B
| $2.59M | ﹤0.01% |
238,707
-55,882
| -19% | -$682K |
|
3077
CALL
UnitedHealth
UNH
$367B
| $2.59M | ﹤0.01% |
7,500
+6,800
| +971% | +$2.06M |
|
3078
Chemours
CC
$2.27B
| $2.59M | ﹤0.01% |
163,392
+15,366
| +10% | +$223K |
|
3079
Aramark
ARMK
$14.8B
| $2.59M | ﹤0.01% |
67,377
+4,520
| +7% | +$183K |
|
3080
Solana Company
HSDT
$98.1M
| $2.59M | ﹤0.01% |
+173,697
| New | +$1.59M |
|
3081
International Seaways
INSW
$4.61B
| $2.59M | ﹤0.01% |
56,125
+1,672
| +3% | +$72.2K |
|
3082
Trustmark
TRMK
$2.79B
| $2.59M | ﹤0.01% |
65,306
-8,631
| -12% | -$336K |
|
3083
Calumet Specialty Products
CLMT
$3.65B
| $2.58M | ﹤0.01% |
141,623
+348
| +0.2% | +$5.72K |
|
3084
SentinelOne
S
$7.12B
| $2.58M | ﹤0.01% |
146,547
+27,945
| +24% | +$501K |
|
3085
ProShares Short Russell2000
RWM
$131M
| $2.57M | ﹤0.01% |
153,161
+123,327
| +413% | +$2.2M |
|
3086
New Mountain Finance
NMFC
$723M
| $2.57M | ﹤0.01% |
266,370
+75,032
| +39% | +$778K |
|
3087
Vanguard Total World Bond ETF
BNDW
$1.89B
| $2.57M | ﹤0.01% |
36,839
-6,673
| -15% | -$462K |
|
3088
Ero Copper
ERO
$3.24B
| $2.57M | ﹤0.01% |
126,836
+24,277
| +24% | +$370K |
|
3089
Stevanato
STVN
$5.54B
| $2.57M | ﹤0.01% |
99,618
-28,076
| -22% | -$693K |
|
3090
RH
RH
$3.56B
| $2.57M | ﹤0.01% |
12,626
-776
| -6% | -$169K |
|
3091
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$322M
| $2.56M | ﹤0.01% |
101,491
+18,720
| +23% | +$463K |
|
3092
VanEck Steel ETF
SLX
$174M
| $2.55M | ﹤0.01% |
35,242
+12,010
| +52% | +$847K |
|
3093
Strategic Education
STRA
$1.86B
| $2.55M | ﹤0.01% |
29,689
+5,176
| +21% | +$417K |
|
3094
ONE Gas
OGS
$5B
| $2.55M | ﹤0.01% |
31,521
-2,673
| -8% | -$200K |
|
|
MCI
3095
Barings Corporate Investors
MCI
$343M
| $2.54M | ﹤0.01% |
122,332
+62,849
| +106% | +$1.33M |
|
3096
GATX Corp
GATX
$6.31B
| $2.54M | ﹤0.01% |
14,519
-373
| -3% | -$60.3K |
|
|
PMT
3097
PennyMac Mortgage Investment
PMT
$814M
| $2.54M | ﹤0.01% |
206,899
+5,271
| +3% | +$65.1K |
|
|
GTOQ
3098
Invesco High Yield Systematic Bond ETF
GTOQ
$181M
| $2.53M | ﹤0.01% |
111,069
+9,851
| +10% | +$223K |
|
3099
WisdomTree International AI Enhanced Value Fund
AIVI
$63.4M
| $2.53M | ﹤0.01% |
50,972
+21,640
| +74% | +$1.07M |
|
|
SA
3100
Seabridge Gold
SA
$3.12B
| $2.53M | ﹤0.01% |
104,647
+11,295
| +12% | +$195K |
|
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.