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 | |
|---|---|---|---|---|---|---|
3151
SouthState Bank Corp
SSB
$10.5B
| $2.41M | ﹤0.01% |
24,420
-411
| -2% | -$40.4K |
|
3152
WIX.com
WIX
$2.55B
| $2.41M | ﹤0.01% |
13,569
+4,092
| +43% | +$616K |
|
|
MHF
3153
Western Asset Municipal High Income Fund
MHF
$154M
| $2.41M | ﹤0.01% |
333,116
+149,381
| +81% | +$1.05M |
|
3154
Mobileye
MBLY
$2.13B
| $2.41M | ﹤0.01% |
170,364
-8,097
| -5% | -$120K |
|
3155
Stellantis
STLA
$20.9B
| $2.4M | ﹤0.01% |
256,515
+19,308
| +8% | +$185K |
|
3156
Magnite
MGNI
$3.48B
| $2.39M | ﹤0.01% |
109,867
+3,320
| +3% | +$78.4K |
|
3157
National Health Investors
NHI
$3.65B
| $2.39M | ﹤0.01% |
30,080
-1,657
| -5% | -$124K |
|
3158
monday.com
MNDY
$3.7B
| $2.39M | ﹤0.01% |
12,345
-6,700
| -35% | -$1.54M |
|
3159
PIMCO Commodity Strategy Active Exchange-Traded Fund
CMDT
$799M
| $2.39M | ﹤0.01% |
87,185
+40,132
| +85% | +$1.06M |
|
|
ECG
3160
Everus Construction Group
ECG
$7.12B
| $2.39M | ﹤0.01% |
27,845
-5,164
| -16% | -$384K |
|
3161
Independent Bank
INDB
$4B
| $2.39M | ﹤0.01% |
34,519
+11,560
| +50% | +$786K |
|
3162
iShares iBonds Dec 2033 Term Corporate ETF
IBDY
$1.09B
| $2.38M | ﹤0.01% |
90,745
+19,772
| +28% | +$513K |
|
3163
CrossAmerica Partners
CAPL
$828M
| $2.38M | ﹤0.01% |
113,099
+2,008
| +2% | +$42K |
|
3164
Timothy Plan International ETF
TPIF
$258M
| $2.38M | ﹤0.01% |
71,248
+1,874
| +3% | +$61.5K |
|
3165
Global X S&P 500 Quality Dividend ETF
QDIV
$30.4M
| $2.38M | ﹤0.01% |
67,520
+1,834
| +3% | +$63.7K |
|
3166
Invesco Floating Rate Municipal Income ETF
PVI
$32.3M
| $2.37M | ﹤0.01% |
95,542
+4,093
| +4% | +$102K |
|
3167
Mizuho Financial
MFG
$130B
| $2.37M | ﹤0.01% |
353,826
+152,167
| +75% | +$949K |
|
3168
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.54B
| $2.37M | ﹤0.01% |
144,280
+30,901
| +27% | +$508K |
|
|
AGD
3169
abrdn Global Dynamic Dividend Fund
AGD
$318M
| $2.36M | ﹤0.01% |
177,487
-18,662
| -10% | -$221K |
|
|
FITB
3170
PUT
Fifth Third Bancorp
FITB
$51.7B
| $2.36M | ﹤0.01% |
52,900
+44,000
| +494% | +$1.93M |
|
3171
iShares ESG Screened S&P Small-Cap ETF
XJR
$189M
| $2.36M | ﹤0.01% |
55,350
+22,151
| +67% | +$918K |
|
|
PENG
3172
Penguin Solutions Inc
PENG
$2.88B
| $2.35M | ﹤0.01% |
89,592
-226,516
| -72% | -$5.54M |
|
3173
Franklin Investment Grade Corporate ETF
FLCO
$555M
| $2.35M | ﹤0.01% |
107,421
-4,280
| -4% | -$92.5K |
|
3174
Trump Media & Technology Group
DJT
$2.74B
| $2.35M | ﹤0.01% |
142,965
+6,128
| +4% | +$109K |
|
3175
Suburban Propane Partners
SPH
$1.18B
| $2.35M | ﹤0.01% |
125,845
+10,071
| +9% | +$186K |
|
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.