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 | |
|---|---|---|---|---|---|---|
3176
Rexford Industrial Realty
REXR
$8.06B
| $2.52M | ﹤0.01% |
65,019
-50,268
| -44% | -$2.07M |
|
3177
World Acceptance Corp
WRLD
$870M
| $2.52M | ﹤0.01% |
17,920
+1
| +0% | +$151 |
|
3178
CALL
Microsoft
MSFT
$3.69T
| $2.51M | ﹤0.01% |
+5,200
| New | +$2.61M |
|
|
AMTM
3179
Amentum Holdings
AMTM
$5.41B
| $2.51M | ﹤0.01% |
86,678
-4,050
| -4% | -$104K |
|
3180
Amer Sports
AS
$19.5B
| $2.5M | ﹤0.01% |
67,057
+42,492
| +173% | +$1.46M |
|
3181
Korea Electric Power
KEP
$15.2B
| $2.5M | ﹤0.01% |
151,701
+15,153
| +11% | +$240K |
|
3182
XPeng
XPEV
$11.3B
| $2.5M | ﹤0.01% |
123,223
+39,303
| +47% | +$853K |
|
3183
Nuveen Taxable Municipal Income Fund
NBB
$456M
| $2.5M | ﹤0.01% |
158,108
-21,516
| -12% | -$348K |
|
3184
EA Bridgeway Omni Small-Cap Value ETF
BSVO
$2.49B
| $2.49M | ﹤0.01% |
107,019
-1,539
| -1% | -$35.3K |
|
|
MRP
3185
Millrose Properties Inc
MRP
$4.92B
| $2.49M | ﹤0.01% |
83,297
+4,327
| +5% | +$136K |
|
3186
ALPS Smith Core Plus Bond ETF
SMTH
$2.99B
| $2.49M | ﹤0.01% |
95,359
+11,379
| +14% | +$298K |
|
3187
C3.ai
AI
$1.61B
| $2.48M | ﹤0.01% |
184,255
-43,504
| -19% | -$694K |
|
3188
Strive US Energy ETF
DRLL
$301M
| $2.48M | ﹤0.01% |
87,058
+1,494
| +2% | +$42.8K |
|
|
NNOV
3189
Innovator Growth-100 Power Buffer ETF - November
NNOV
$88.6M
| $2.48M | ﹤0.01% |
+86,315
| New | +$2.47M |
|
|
PAXS
3190
PIMCO Access Income Fund
PAXS
$677M
| $2.48M | ﹤0.01% |
161,882
+19,453
| +14% | +$307K |
|
3191
Unifirst Corp
UNF
$5.26B
| $2.48M | ﹤0.01% |
12,832
-692
| -5% | -$117K |
|
3192
Tower Semiconductor
TSEM
$30.3B
| $2.48M | ﹤0.01% |
21,080
+13,730
| +187% | +$1.32M |
|
3193
RH
RH
$3.34B
| $2.47M | ﹤0.01% |
13,810
+1,184
| +9% | +$202K |
|
|
PCQ
3194
Pimco California Municipal Income Fund
PCQ
$168M
| $2.47M | ﹤0.01% |
283,236
+39,425
| +16% | +$347K |
|
3195
Mizuho Financial
MFG
$131B
| $2.47M | ﹤0.01% |
337,766
-16,060
| -5% | -$110K |
|
3196
Fortune Brands Innovations
FBIN
$5.86B
| $2.47M | ﹤0.01% |
49,360
+345
| +0.7% | +$17.3K |
|
3197
Americold
COLD
$4.14B
| $2.47M | ﹤0.01% |
191,808
+107,795
| +128% | +$1.32M |
|
3198
CrossAmerica Partners
CAPL
$863M
| $2.47M | ﹤0.01% |
119,713
+6,614
| +6% | +$136K |
|
|
GFLW
3199
VictoryShares Free Cash Flow Growth ETF
GFLW
$975M
| $2.46M | ﹤0.01% |
87,331
+10,524
| +14% | +$299K |
|
|
VGI
3200
Virtus Global Multi-Sector Income Fund
VGI
$84.1M
| $2.46M | ﹤0.01% |
313,639
+26,056
| +9% | +$204K |
|
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.