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 | |
|---|---|---|---|---|---|---|
3201
PJT Partners
PJT
$4.42B
| $2.27M | ﹤0.01% |
12,772
+115
| +0.9% | +$20.7K |
|
3202
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.6B
| $2.27M | ﹤0.01% |
+14,700
| New | +$2.23M |
|
3203
PUT
Alphabet (Google) Class C
GOOG
$4.36T
| $2.27M | ﹤0.01% |
9,300
+5,100
| +121% | +$1.07M |
|
3204
Ryan Specialty Holdings
RYAN
$5.76B
| $2.26M | ﹤0.01% |
40,163
+5,616
| +16% | +$333K |
|
3205
WD-40
WDFC
$3.1B
| $2.26M | ﹤0.01% |
11,449
+594
| +5% | +$129K |
|
3206
ACI Worldwide
ACIW
$5.61B
| $2.26M | ﹤0.01% |
42,860
+500
| +1% | +$23.6K |
|
3207
Unifirst Corp
UNF
$5.22B
| $2.26M | ﹤0.01% |
13,524
+1,934
| +17% | +$336K |
|
3208
OppFi
OPFI
$833M
| $2.26M | ﹤0.01% |
199,465
+23,224
| +13% | +$261K |
|
3209
FT Vest International Equity Moderate Buffer ETF December
YDEC
$164M
| $2.25M | ﹤0.01% |
87,821
-4,627
| -5% | -$117K |
|
3210
The GEO Group
GEO
$4.03B
| $2.25M | ﹤0.01% |
109,884
-21,673
| -16% | -$495K |
|
3211
Xtrackers MSCI USA ESG Leaders Equity ETF
USSG
$587M
| $2.25M | ﹤0.01% |
36,671
+1,543
| +4% | +$90.9K |
|
|
JMIA
3212
Jumia Technologies
JMIA
$705M
| $2.24M | ﹤0.01% |
192,998
-15,647
| -7% | -$114K |
|
3213
Gotham 1000 Value ETF
GVLU
$292M
| $2.24M | ﹤0.01% |
87,701
-242
| -0.3% | -$6.02K |
|
|
VRNA
3214
DELISTED
Verona Pharma
VRNA
| $2.24M | ﹤0.01% |
20,946
-46,377
| -69% | -$4.84M |
|
3215
Inspire Growth ETF
GLRY
$168M
| $2.23M | ﹤0.01% |
59,949
+17,163
| +40% | +$592K |
|
|
GRFS
3216
Grifois
GRFS
$5.33B
| $2.23M | ﹤0.01% |
223,591
+113,456
| +103% | +$1.13M |
|
|
MZTI
3217
The Marzetti Company
MZTI
$3.02B
| $2.23M | ﹤0.01% |
12,887
+679
| +6% | +$122K |
|
3218
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$643M
| $2.22M | ﹤0.01% |
191,722
+21,249
| +12% | +$235K |
|
3219
Oaktree Specialty Lending
OCSL
$1.12B
| $2.22M | ﹤0.01% |
170,262
+20,533
| +14% | +$283K |
|
3220
Ashland
ASH
$3.32B
| $2.22M | ﹤0.01% |
46,336
+3,267
| +8% | +$172K |
|
|
BKN
3221
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
| $2.22M | ﹤0.01% |
195,450
-9,868
| -5% | -$108K |
|
3222
Federal Signal
FSS
$7.8B
| $2.21M | ﹤0.01% |
18,596
-3,760
| -17% | -$451K |
|
|
SMLR
3223
DELISTED
Semler Scientific
SMLR
| $2.21M | ﹤0.01% |
73,726
-8,336
| -10% | -$287K |
|
3224
Organon & Co
OGN
$3.56B
| $2.21M | ﹤0.01% |
206,828
-54,014
| -21% | -$530K |
|
3225
CBIZ
CBZ
$2.96B
| $2.21M | ﹤0.01% |
41,671
-5,071
| -11% | -$327K |
|
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.