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 | |
|---|---|---|---|---|---|---|
3126
Innovator Growth-100 Power Buffer ETF April
NAPR
$212M
| $2.47M | ﹤0.01% |
46,946
+11,792
| +34% | +$612K |
|
|
ABFL
3127
Abacus FCF Leaders ETF
ABFL
$534M
| $2.46M | ﹤0.01% |
34,232
+1,587
| +5% | +$112K |
|
3128
ProShares DJ Brookfield Global Infrastructure ETF
TOLZ
$174M
| $2.46M | ﹤0.01% |
45,469
-4,535
| -9% | -$243K |
|
3129
Strive US Energy ETF
DRLL
$286M
| $2.46M | ﹤0.01% |
85,564
-492
| -0.6% | -$13.9K |
|
3130
EA Bridgeway Omni Small-Cap Value ETF
BSVO
$2.45B
| $2.46M | ﹤0.01% |
108,558
+5,381
| +5% | +$118K |
|
|
QVMM
3131
Invesco QQQ Trust Series 1
QVMM
$437M
| $2.46M | ﹤0.01% |
81,052
+3,355
| +4% | +$99.9K |
|
3132
American Homes 4 Rent
AMH
$12.4B
| $2.46M | ﹤0.01% |
73,856
-3,838
| -5% | -$134K |
|
3133
Amplify Video Game Tech ETF
GAMR
$39.5M
| $2.46M | ﹤0.01% |
25,403
-2,648
| -9% | -$240K |
|
3134
Newmark Group
NMRK
$2.66B
| $2.45M | ﹤0.01% |
131,596
+21,940
| +20% | +$356K |
|
3135
Golar LNG
GLNG
$5.19B
| $2.45M | ﹤0.01% |
60,703
-6,457
| -10% | -$267K |
|
3136
First Trust China AlphaDEX Fund
FCA
$32.9M
| $2.45M | ﹤0.01% |
+84,603
| New | +$2.27M |
|
3137
Plug Power
PLUG
$2.89B
| $2.45M | ﹤0.01% |
1,049,890
+225,527
| +27% | +$382K |
|
3138
Planet Labs
PL
$8.1B
| $2.45M | ﹤0.01% |
188,436
+107,507
| +133% | +$829K |
|
3139
Avantis Responsible International Equity ETF
AVSD
$497M
| $2.44M | ﹤0.01% |
34,164
+1,297
| +4% | +$89.8K |
|
3140
Axos Financial
AX
$5.78B
| $2.44M | ﹤0.01% |
28,871
-1,125
| -4% | -$98K |
|
3141
GameStop
GME
$8.63B
| $2.44M | ﹤0.01% |
89,496
-49,278
| -36% | -$1.17M |
|
3142
AllianzIM U.S. Equity Buffer10 Jul ETF
JULT
$60.9M
| $2.44M | ﹤0.01% |
55,641
+32,618
| +142% | +$1.4M |
|
3143
Invesco CurrencyShares Japanese Yen Trust
FXY
$449M
| $2.44M | ﹤0.01% |
39,220
-12,387
| -24% | -$773K |
|
3144
Manchester United
MANU
$3.78B
| $2.44M | ﹤0.01% |
161,110
+15,572
| +11% | +$264K |
|
3145
Murphy Oil
MUR
$4.74B
| $2.44M | ﹤0.01% |
85,846
-20,727
| -19% | -$523K |
|
3146
Commault Systems
CVLT
$5.53B
| $2.43M | ﹤0.01% |
12,886
-904
| -7% | -$163K |
|
3147
Prospect Capital
PSEC
$1.11B
| $2.43M | ﹤0.01% |
882,630
+27,713
| +3% | +$82.9K |
|
|
MFSG
3148
MFS Active Growth ETF
MFSG
$373M
| $2.43M | ﹤0.01% |
+86,217
| New | +$2.36M |
|
|
DLY
3149
DoubleLine Yield Opportunities Fund
DLY
$683M
| $2.42M | ﹤0.01% |
160,201
+67,513
| +73% | +$1.04M |
|
3150
Innovator US Equity Buffer ETF August
BAUG
$199M
| $2.41M | ﹤0.01% |
49,285
-3,349
| -6% | -$159K |
|
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.