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 | |
|---|---|---|---|---|---|---|
3151
Federal Signal
FSS
$7.72B
| $2.59M | ﹤0.01% |
23,875
+5,279
| +28% | +$604K |
|
3152
Kontoor Brands
KTB
$4.38B
| $2.59M | ﹤0.01% |
42,365
+1,971
| +5% | +$146K |
|
|
MPV
3153
Barings Participation Investors
MPV
$175M
| $2.58M | ﹤0.01% |
162,606
+4,418
| +3% | +$86K |
|
3154
BlackRock Energy and Resources Trust
BGR
$426M
| $2.58M | ﹤0.01% |
190,715
-3,943
| -2% | -$53.2K |
|
3155
Korn Ferry
KFY
$4.23B
| $2.58M | ﹤0.01% |
39,076
+315
| +0.8% | +$21.2K |
|
3156
Amplify Etho Climate Leadership US ETF
ETHO
$195M
| $2.57M | ﹤0.01% |
39,390
+7,482
| +23% | +$485K |
|
|
SEI
3157
Solaris Energy Infrastructure
SEI
$4.09B
| $2.57M | ﹤0.01% |
55,949
+39,692
| +244% | +$1.92M |
|
3158
Barings BDC
BBDC
$964M
| $2.56M | ﹤0.01% |
279,326
-25,428
| -8% | -$225K |
|
3159
Ramaco Resources Class A
METC
$683M
| $2.56M | ﹤0.01% |
142,436
-27,348
| -16% | -$719K |
|
3160
Voya Financial
VOYA
$8.99B
| $2.56M | ﹤0.01% |
34,397
-8,690
| -20% | -$633K |
|
3161
Eagle Materials
EXP
$6.41B
| $2.56M | ﹤0.01% |
12,370
-5,856
| -32% | -$1.29M |
|
3162
Franklin Investment Grade Corporate ETF
FLCO
$557M
| $2.56M | ﹤0.01% |
118,080
+10,659
| +10% | +$232K |
|
3163
Nuveen California Municipal Value Fund
NCA
$304M
| $2.55M | ﹤0.01% |
285,143
-6,378
| -2% | -$57.2K |
|
3164
ONE Gas
OGS
$5.02B
| $2.55M | ﹤0.01% |
33,027
+1,506
| +5% | +$121K |
|
3165
Navitas Semiconductor
NVTS
$3.64B
| $2.55M | ﹤0.01% |
357,213
+52,959
| +17% | +$510K |
|
3166
FT Vest US Equity Enhance & Moderate Buffer ETF March
XMAR
$154M
| $2.55M | ﹤0.01% |
63,819
-10,521
| -14% | -$416K |
|
3167
Aptus Enhanced Yield ETF
JUCY
$328M
| $2.54M | ﹤0.01% |
114,409
-19,129
| -14% | -$426K |
|
|
FLC
3168
Flaherty & Crumrine Total Return Fund
FLC
$177M
| $2.54M | ﹤0.01% |
145,027
+15,375
| +12% | +$269K |
|
3169
Arteris
AIP
$1.42B
| $2.53M | ﹤0.01% |
163,464
-545
| -0.3% | -$7.9K |
|
3170
WisdomTree Dynamic International SmallCap Equity Fund
DDLS
$429M
| $2.53M | ﹤0.01% |
58,905
-2,975
| -5% | -$125K |
|
3171
Avantis Moderate Allocation ETF
AVMA
$81.5M
| $2.53M | ﹤0.01% |
38,145
| – | – |
|
3172
State Street SPDR S&P Kensho Clean Power ETF
CNRG
$209M
| $2.53M | ﹤0.01% |
28,231
-1,164
| -4% | -$110K |
|
3173
Lightwave Logic
LWLG
$1.25B
| $2.52M | ﹤0.01% |
779,226
+7,870
| +1% | +$34.9K |
|
3174
Concentrix
CNXC
$1.53B
| $2.52M | ﹤0.01% |
60,642
+22,169
| +58% | +$899K |
|
3175
iShares MSCI Japan Value ETF
EWJV
$755M
| $2.52M | ﹤0.01% |
63,459
+10,050
| +19% | +$398K |
|
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.