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 | |
|---|---|---|---|---|---|---|
|
NYM
3276
AB New York Intermediate Municipal ETF
NYM
$1.3B
| $2.28M | ﹤0.01% |
+91,270
| New | +$2.28M |
|
|
DOCT
3277
FT Vest US Equity Deep Buffer ETF October
DOCT
$388M
| $2.28M | ﹤0.01% |
51,427
+18,058
| +54% | +$791K |
|
3278
BrightSpring Health Services
BTSG
$11.5B
| $2.28M | ﹤0.01% |
60,798
+9,018
| +17% | +$302K |
|
3279
Cognex
CGNX
$10.6B
| $2.28M | ﹤0.01% |
63,271
+17,112
| +37% | +$693K |
|
3280
Global X S&P 500 Covered Call & Growth ETF
XYLG
$65.5M
| $2.27M | ﹤0.01% |
82,679
-13,944
| -14% | -$407K |
|
|
FTMA
3281
Franklin Massachusetts Municipal Income ETF
FTMA
$286M
| $2.27M | ﹤0.01% |
+252,231
| New | +$2.27M |
|
3282
Grab
GRAB
$15.3B
| $2.27M | ﹤0.01% |
455,363
+108,202
| +31% | +$598K |
|
3283
MSC Industrial Direct
MSM
$6.7B
| $2.27M | ﹤0.01% |
26,997
+4,214
| +18% | +$365K |
|
3284
Nice
NICE
$5.95B
| $2.27M | ﹤0.01% |
20,070
-20,039
| -50% | -$2.42M |
|
3285
Academy Sports + Outdoors
ASO
$3.07B
| $2.27M | ﹤0.01% |
45,377
-24
| -0.1% | -$1.19K |
|
3286
Alliance Resource Partners
ARLP
$3.18B
| $2.26M | ﹤0.01% |
97,439
+12,250
| +14% | +$297K |
|
3287
FT Vest US Equity Deep Buffer ETF March
DMAR
$459M
| $2.26M | ﹤0.01% |
54,337
+1,488
| +3% | +$61.1K |
|
3288
Newmark Group
NMRK
$2.62B
| $2.26M | ﹤0.01% |
130,499
-1,097
| -0.8% | -$19.2K |
|
3289
Western Union
WU
$2.2B
| $2.26M | ﹤0.01% |
243,049
+37,335
| +18% | +$330K |
|
3290
WD-40
WDFC
$3.13B
| $2.26M | ﹤0.01% |
11,486
+37
| +0.3% | +$7.29K |
|
3291
Innovator International Developed Power Buffer ETF April
IAPR
$202M
| $2.26M | ﹤0.01% |
73,267
+16,123
| +28% | +$489K |
|
3292
JFrog
FROG
$10.4B
| $2.25M | ﹤0.01% |
36,077
+9,540
| +36% | +$543K |
|
3293
American States Water
AWR
$3.47B
| $2.25M | ﹤0.01% |
31,066
-2,670
| -8% | -$197K |
|
|
MCI
3294
Barings Corporate Investors
MCI
$340M
| $2.25M | ﹤0.01% |
123,931
+1,599
| +1% | +$32.5K |
|
3295
Henry Schein
HSIC
$9.94B
| $2.25M | ﹤0.01% |
29,733
+3,008
| +11% | +$212K |
|
3296
PUT
ASML
ASML
$691B
| $2.25M | ﹤0.01% |
2,100
| – | – |
|
3297
Louisiana-Pacific
LPX
$5.28B
| $2.25M | ﹤0.01% |
27,806
-67
| -0.2% | -$5.66K |
|
3298
CALL
UnitedHealth
UNH
$361B
| $2.24M | ﹤0.01% |
6,800
-700
| -9% | -$237K |
|
3299
iShares MSCI Denmark ETF
EDEN
$204M
| $2.24M | ﹤0.01% |
19,549
+1,106
| +6% | +$123K |
|
3300
WisdomTree International AI Enhanced Value Fund
AIVI
$63.2M
| $2.24M | ﹤0.01% |
43,046
-7,926
| -16% | -$401K |
|
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.