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 | |
|---|---|---|---|---|---|---|
|
HUT
3126
Hut 8
HUT
$11.3B
| $2.67M | ﹤0.01% |
58,026
+11,138
| +24% | +$491K |
|
3127
WesBanco
WSBC
$4.05B
| $2.66M | ﹤0.01% |
80,164
-3,682
| -4% | -$119K |
|
3128
Carriage Services
CSV
$534M
| $2.66M | ﹤0.01% |
62,936
+2,973
| +5% | +$129K |
|
3129
ESCO Technologies
ESE
$7.8B
| $2.66M | ﹤0.01% |
13,601
-1,605
| -11% | -$338K |
|
3130
TRI-Continental Corp
TY
$1.91B
| $2.66M | ﹤0.01% |
81,303
+16,660
| +26% | +$564K |
|
3131
Credit Suisse X-Links Gold Shares Covered Call ETNs due February 2 2033
GLDI
$32.9M
| $2.65M | ﹤0.01% |
15,251
+1,689
| +12% | +$290K |
|
|
BSCZ
3132
Invesco BulletShares 2035 Corporate Bond ETF
BSCZ
$278M
| $2.65M | ﹤0.01% |
+127,253
| New | +$2.66M |
|
3133
Hawkins
HWKN
$2.68B
| $2.64M | ﹤0.01% |
18,605
+3,785
| +26% | +$557K |
|
3134
Ivanhoe Electric
IE
$1.73B
| $2.64M | ﹤0.01% |
165,255
+16,882
| +11% | +$242K |
|
3135
Applied Finance Valuation Large Cap ETF
VSLU
$565M
| $2.64M | ﹤0.01% |
59,625
+30,172
| +102% | +$1.31M |
|
3136
Innovator Growth-100 Power Buffer ETF April
NAPR
$212M
| $2.63M | ﹤0.01% |
49,043
+2,097
| +4% | +$111K |
|
3137
Element Solutions
ESI
$9.34B
| $2.63M | ﹤0.01% |
105,244
+12,343
| +13% | +$321K |
|
3138
EnerSys
ENS
$6.85B
| $2.63M | ﹤0.01% |
17,919
+9,456
| +112% | +$1.26M |
|
3139
Suburban Propane Partners
SPH
$1.17B
| $2.63M | ﹤0.01% |
141,721
+15,876
| +13% | +$298K |
|
3140
Saratoga Investment
SAR
$312M
| $2.62M | ﹤0.01% |
113,727
+4,998
| +5% | +$113K |
|
3141
ePlus
PLUS
$2.29B
| $2.62M | ﹤0.01% |
29,836
+586
| +2% | +$48.3K |
|
3142
Murphy Oil
MUR
$5.07B
| $2.62M | ﹤0.01% |
83,698
-2,148
| -3% | -$64.6K |
|
3143
Innovator US Equity Buffer ETF July
BJUL
$353M
| $2.61M | ﹤0.01% |
51,432
-4,845
| -9% | -$243K |
|
|
SFD
3144
Smithfield Foods
SFD
$9.2B
| $2.61M | ﹤0.01% |
116,759
+106,809
| +1,073% | +$2.35M |
|
|
SEE
3145
DELISTED
Sealed Air
SEE
| $2.61M | ﹤0.01% |
62,893
+21,238
| +51% | +$822K |
|
3146
VanEck Environmental Services ETF
EVX
$102M
| $2.6M | ﹤0.01% |
68,121
+22,547
| +49% | +$862K |
|
3147
Sabra Healthcare REIT
SBRA
$5.14B
| $2.6M | ﹤0.01% |
137,233
+26,130
| +24% | +$484K |
|
3148
AllianzIM U.S. Equity Buffer10 Jul ETF
JULT
$57.3M
| $2.6M | ﹤0.01% |
57,909
+2,268
| +4% | +$100K |
|
3149
ICF International
ICFI
$1.58B
| $2.59M | ﹤0.01% |
30,404
+468
| +2% | +$39.7K |
|
|
GLXY
3150
Galaxy Digital Inc
GLXY
$4.13B
| $2.59M | ﹤0.01% |
115,965
+68,720
| +145% | +$2.13M |
|
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.