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 | |
|---|---|---|---|---|---|---|
3101
Clearway Energy Class C
CWEN
$5.12B
| $2.53M | ﹤0.01% |
89,458
-19,107
| -18% | -$579K |
|
|
GTY
3102
Getty Realty Corp
GTY
$2.06B
| $2.52M | ﹤0.01% |
94,013
+5,793
| +7% | +$162K |
|
3103
Dimensional Global Core Plus Fixed Income ETF
DFGP
$3.4B
| $2.52M | ﹤0.01% |
45,389
+14,096
| +45% | +$773K |
|
3104
Itaú Unibanco
ITUB
$90.2B
| $2.52M | ﹤0.01% |
353,917
-14,694
| -4% | -$97.1K |
|
|
SJT
3105
San Juan Basin Royalty Trust
SJT
$115M
| $2.52M | ﹤0.01% |
417,495
+15,979
| +4% | +$94K |
|
3106
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$719M
| $2.52M | ﹤0.01% |
61,163
+42,093
| +221% | +$1.71M |
|
3107
iShares MSCI Hong Kong ETF
EWH
$1.21B
| $2.52M | ﹤0.01% |
116,799
+86,492
| +285% | +$1.81M |
|
3108
Transocean
RIG
$5.71B
| $2.52M | ﹤0.01% |
806,710
-169,962
| -17% | -$513K |
|
3109
FT Vest US Equity Enhance & Moderate Buffer ETF June
XJUN
$139M
| $2.51M | ﹤0.01% |
59,539
+11,054
| +23% | +$460K |
|
3110
Diodes
DIOD
$4.54B
| $2.5M | ﹤0.01% |
47,058
-3,860
| -8% | -$207K |
|
3111
Pacer Lunt MidCap Multi-Factor Alternator ETF
PAMC
$54.8M
| $2.5M | ﹤0.01% |
53,176
-2,375
| -4% | -$108K |
|
3112
ArcelorMittal
MT
$55.2B
| $2.5M | ﹤0.01% |
69,150
+6,273
| +10% | +$211K |
|
3113
Smith & Nephew
SNN
$12.5B
| $2.5M | ﹤0.01% |
68,821
+1,359
| +2% | +$46.9K |
|
3114
Avantor
AVTR
$8.91B
| $2.5M | ﹤0.01% |
199,936
-68,954
| -26% | -$888K |
|
|
IFN
3115
Aberdeen India Fund
IFN
$502M
| $2.49M | ﹤0.01% |
170,249
+22,559
| +15% | +$349K |
|
3116
Quadratic Interest Rate Volatility and Inflation Hedge ETF
IVOL
$272M
| $2.49M | ﹤0.01% |
129,228
-2,696
| -2% | -$52.8K |
|
3117
Invesco S&P SmallCap High Dividend Low Volatility ETF
XSHD
$72.5M
| $2.49M | ﹤0.01% |
185,634
+29,876
| +19% | +$404K |
|
|
ABVX
3118
Abivax
ABVX
$11.3B
| $2.48M | ﹤0.01% |
+29,247
| New | +$1.79M |
|
3119
Avantis Moderate Allocation ETF
AVMA
$81M
| $2.48M | ﹤0.01% |
38,145
-782
| -2% | -$49.5K |
|
3120
Goldman Sachs BDC
GSBD
$1.02B
| $2.48M | ﹤0.01% |
243,976
+28,451
| +13% | +$324K |
|
3121
Macy's
M
$6.61B
| $2.48M | ﹤0.01% |
138,194
+7,947
| +6% | +$113K |
|
3122
Louisiana-Pacific
LPX
$5.3B
| $2.48M | ﹤0.01% |
27,873
+453
| +2% | +$41.8K |
|
3123
ProShares Trust Short MSCI EAFE
EFZ
$10.1M
| $2.48M | ﹤0.01% |
93,084
+8
| +0% | +$219 |
|
3124
State Street SPDR S&P Kensho Clean Power ETF
CNRG
$203M
| $2.47M | ﹤0.01% |
29,395
-1,785
| -6% | -$127K |
|
3125
American States Water
AWR
$3.36B
| $2.47M | ﹤0.01% |
33,736
+4,829
| +17% | +$359K |
|
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.