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 | |
|---|---|---|---|---|---|---|
3076
Invesco S&P 500 Downside Hedged ETF
PHDG
$65M
| $2.79M | ﹤0.01% |
74,584
-11,360
| -13% | -$430K |
|
3077
Shake Shack
SHAK
$2.89B
| $2.79M | ﹤0.01% |
34,362
+4,688
| +16% | +$413K |
|
3078
FT Vest US Equity Enhance & Moderate Buffer ETF September
XSEP
$136M
| $2.79M | ﹤0.01% |
65,743
-7,070
| -10% | -$296K |
|
3079
Ashland
ASH
$3.4B
| $2.78M | ﹤0.01% |
47,428
+1,092
| +2% | +$57.7K |
|
3080
InterContinental Hotels
IHG
$23.6B
| $2.78M | ﹤0.01% |
19,758
+2,375
| +14% | +$309K |
|
|
DMO
3081
Western Asset Mortgage Opportunity Fund
DMO
$120M
| $2.78M | ﹤0.01% |
251,590
+30,402
| +14% | +$355K |
|
3082
LCI Industries
LCII
$2.57B
| $2.78M | ﹤0.01% |
22,927
+2,056
| +10% | +$219K |
|
|
JHG
3083
DELISTED
Janus Henderson
JHG
| $2.78M | ﹤0.01% |
58,462
-77,221
| -57% | -$3.42M |
|
3084
Axcelis
ACLS
$4.38B
| $2.78M | ﹤0.01% |
34,574
-14,394
| -29% | -$1.21M |
|
3085
AllianzIM U.S. Equity Buffer10 Dec ETF
DECT
$128M
| $2.78M | ﹤0.01% |
75,720
-3,129
| -4% | -$113K |
|
3086
Amkor Technology
AMKR
$14.2B
| $2.77M | ﹤0.01% |
70,285
-11,341
| -14% | -$404K |
|
|
BLE
3087
DELISTED
BlackRock Municipal Income Trust II
BLE
| $2.77M | ﹤0.01% |
265,626
+7,902
| +3% | +$82.5K |
|
3088
Invesco DB US Dollar Index Bullish Fund
UUP
$414M
| $2.77M | ﹤0.01% |
102,574
+75,051
| +273% | +$2.1M |
|
3089
Quantum Computing Inc
QUBT
$2.02B
| $2.77M | ﹤0.01% |
270,196
-17,862
| -6% | -$254K |
|
3090
Paylocity
PCTY
$7.67B
| $2.77M | ﹤0.01% |
18,176
-4,807
| -21% | -$715K |
|
3091
JPMorgan USD Emerging Markets Sovereign Bond ETF
JPMB
$67.5M
| $2.77M | ﹤0.01% |
68,645
+30,626
| +81% | +$1.24M |
|
3092
Axos Financial
AX
$5.71B
| $2.76M | ﹤0.01% |
32,059
+3,188
| +11% | +$263K |
|
3093
Magna International
MGA
$18.7B
| $2.76M | ﹤0.01% |
51,716
+10,257
| +25% | +$501K |
|
3094
Schwab Fundamental US Broad Market Index ETF
FNDB
$1.47B
| $2.76M | ﹤0.01% |
103,728
-2,447
| -2% | -$63.9K |
|
3095
Warby Parker
WRBY
$3.15B
| $2.76M | ﹤0.01% |
126,481
+94,881
| +300% | +$2.06M |
|
|
GGN
3096
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$834M
| $2.75M | ﹤0.01% |
533,574
+12,825
| +2% | +$64.5K |
|
3097
Compañía de Minas Buenaventura
BVN
$8.8B
| $2.75M | ﹤0.01% |
98,884
+50,618
| +105% | +$1.26M |
|
|
VG
3098
Venture Global Inc
VG
$34.4B
| $2.74M | ﹤0.01% |
402,010
-856,853
| -68% | -$7.14M |
|
3099
ARK 21Shares Bitcoin ETF
ARKB
$2.42B
| $2.74M | ﹤0.01% |
94,282
+12,764
| +16% | +$424K |
|
|
MIN
3100
Aberdeen Intermediate Income Fund
MIN
$280M
| $2.74M | ﹤0.01% |
1,048,765
+17,289
| +2% | +$45.6K |
|
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.