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 | |
|---|---|---|---|---|---|---|
3226
PUT
Salesforce
CRM
$153B
| $2.2M | ﹤0.01% |
9,300
+5,300
| +133% | +$1.34M |
|
3227
Arcutis Biotherapeutics
ARQT
$3.31B
| $2.2M | ﹤0.01% |
116,924
-4,693
| -4% | -$74K |
|
|
GFLW
3228
VictoryShares Free Cash Flow Growth ETF
GFLW
$919M
| $2.2M | ﹤0.01% |
76,807
+67,065
| +688% | +$1.83M |
|
3229
Ouster
OUST
$3.07B
| $2.2M | ﹤0.01% |
81,355
+49,224
| +153% | +$1.37M |
|
3230
TRI-Continental Corp
TY
$1.89B
| $2.2M | ﹤0.01% |
64,643
+2,513
| +4% | +$82.9K |
|
3231
Avista
AVA
$3.22B
| $2.2M | ﹤0.01% |
58,128
+199
| +0.3% | +$7.4K |
|
3232
ALPS Smith Core Plus Bond ETF
SMTH
$2.98B
| $2.2M | ﹤0.01% |
83,980
+23,720
| +39% | +$615K |
|
3233
Navitas Semiconductor
NVTS
$3.24B
| $2.2M | ﹤0.01% |
304,254
-12,829
| -4% | -$85.8K |
|
3234
Black Stone Minerals
BSM
$3.02B
| $2.19M | ﹤0.01% |
166,650
-9,078
| -5% | -$114K |
|
3235
PUT
Alphabet (Google) Class A
GOOGL
$4.38T
| $2.19M | ﹤0.01% |
9,000
+100
| +1% | +$20.9K |
|
3236
Nuveen Growth Opportunities ETF
NUGO
$2.55B
| $2.19M | ﹤0.01% |
55,642
+2,559
| +5% | +$96.5K |
|
3237
Yeti Holdings
YETI
$3.93B
| $2.18M | ﹤0.01% |
65,840
-859
| -1% | -$30K |
|
|
AIO
3238
Virtus Artificial Intelligence & Technology Opportunities Fund
AIO
$898M
| $2.18M | ﹤0.01% |
90,908
+16,348
| +22% | +$399K |
|
3239
BlackRock MuniYield Quality Fund III
MYI
$716M
| $2.18M | ﹤0.01% |
197,060
+36,637
| +23% | +$388K |
|
3240
Pacer WealthShield ETF
PWS
$24.6M
| $2.18M | ﹤0.01% |
67,719
-36,953
| -35% | -$1.15M |
|
3241
BrandywineGLOBAL Dynamic US Large Cap Value ETF
DVAL
$72.1M
| $2.18M | ﹤0.01% |
149,899
-14,908
| -9% | -$214K |
|
3242
Invesco CurrencyShares Euro Currency Trust
FXE
$340M
| $2.18M | ﹤0.01% |
20,084
-12,637
| -39% | -$1.36M |
|
|
AMTM
3243
Amentum Holdings
AMTM
$5.82B
| $2.17M | ﹤0.01% |
90,728
-5
| -0% | -$122 |
|
3244
Schwab Fundamental International Small Company Index ETF
FNDC
$3.12B
| $2.17M | ﹤0.01% |
48,819
+1,810
| +4% | +$78.7K |
|
3245
Kenon Holdings
KEN
$3.41B
| $2.17M | ﹤0.01% |
48,002
+8,628
| +22% | +$388K |
|
|
EAD
3246
Allspring Income Opportunities Fund
EAD
$377M
| $2.17M | ﹤0.01% |
309,223
+15,731
| +5% | +$111K |
|
3247
United States Natural Gas Fund
UNG
$450M
| $2.16M | ﹤0.01% |
165,194
+62,111
| +60% | +$832K |
|
3248
WisdomTree Bitcoin Fund
BTCW
$139M
| $2.16M | ﹤0.01% |
17,786
+4,901
| +38% | +$595K |
|
3249
Chesapeake Utilities
CPK
$3.2B
| $2.16M | ﹤0.01% |
16,011
+955
| +6% | +$119K |
|
3250
Prudential
PUK
$34.7B
| $2.16M | ﹤0.01% |
77,009
-13,229
| -15% | -$346K |
|
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.