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 | |
|---|---|---|---|---|---|---|
3301
Innovator US Equity Buffer ETF December
BDEC
$222M
| $2.04M | ﹤0.01% |
42,523
+3,405
| +9% | +$158K |
|
|
BBBY
3302
Bed Bath & Beyond
BBBY
$429M
| $2.03M | ﹤0.01% |
228,612
+20,418
| +10% | +$169K |
|
3303
PUT
ASML
ASML
$655B
| $2.03M | ﹤0.01% |
2,100
+1,800
| +600% | +$1.41M |
|
3304
Amplify Etho Climate Leadership US ETF
ETHO
$193M
| $2.03M | ﹤0.01% |
31,908
-14,889
| -32% | -$912K |
|
3305
PUT
IBM
IBM
$220B
| $2.03M | ﹤0.01% |
7,200
+3,800
| +112% | +$995K |
|
3306
BNY Mellon US Small Cap Core Equity ETF
BKSE
$89M
| $2.03M | ﹤0.01% |
55,311
+5,934
| +12% | +$208K |
|
3307
Meritage Homes
MTH
$4.71B
| $2.03M | ﹤0.01% |
27,981
+1,636
| +6% | +$122K |
|
|
TPZ
3308
Tortoise Electrification Infrastructure ETF
TPZ
$125M
| $2.02M | ﹤0.01% |
96,362
+840
| +0.9% | +$17.3K |
|
3309
Matsons
MATX
$6.17B
| $2.02M | ﹤0.01% |
20,521
+3,084
| +18% | +$330K |
|
3310
Morningstar
MORN
$7.37B
| $2.02M | ﹤0.01% |
8,710
+2,395
| +38% | +$638K |
|
3311
Energy Fuels
UUUU
$3.22B
| $2.02M | ﹤0.01% |
131,639
+17,223
| +15% | +$183K |
|
3312
iShares US Oil Equipment & Services ETF
IEZ
$367M
| $2.01M | ﹤0.01% |
104,384
-6,645
| -6% | -$122K |
|
3313
iShares MSCI Denmark ETF
EDEN
$202M
| $2.01M | ﹤0.01% |
+18,443
| New | +$2.04M |
|
3314
Perion Network
PERI
$380M
| $2.01M | ﹤0.01% |
209,326
-26,624
| -11% | -$266K |
|
3315
PIMCO RAFI ESG US ETF
RAFE
$168M
| $2.01M | ﹤0.01% |
49,361
+10,897
| +28% | +$426K |
|
3316
iShares JPMorgan EM Corporate Bond ETF
CEMB
$405M
| $2.01M | ﹤0.01% |
43,464
+3,332
| +8% | +$152K |
|
3317
FIVE9
FIVN
$2.17B
| $2M | ﹤0.01% |
82,684
+61,095
| +283% | +$1.62M |
|
|
CNR
3318
Core Natural Resources Inc
CNR
$4.54B
| $2M | ﹤0.01% |
23,914
+5,912
| +33% | +$443K |
|
3319
State Street SPDR MSCI ACWI Climate Paris Aligned ETF
NZAC
$197M
| $1.98M | ﹤0.01% |
46,785
+473
| +1% | +$19.2K |
|
3320
Penske Automotive Group
PAG
$14.2B
| $1.98M | ﹤0.01% |
11,394
+992
| +10% | +$177K |
|
|
FLG
3321
Flagstar Bank National Association
FLG
$5.9B
| $1.98M | ﹤0.01% |
171,200
-46,030
| -21% | -$548K |
|
3322
Global X Social Media ETF
SOCL
$92.2M
| $1.97M | ﹤0.01% |
32,507
+5,112
| +19% | +$292K |
|
3323
China Yuchai International
CYD
$1.83B
| $1.97M | ﹤0.01% |
+47,719
| New | +$1.44M |
|
3324
Teleflex
TFX
$6.15B
| $1.97M | ﹤0.01% |
16,093
-796
| -5% | -$96.5K |
|
3325
Simplify Interest Rate Hedge ETF
PFIX
$178M
| $1.97M | ﹤0.01% |
40,813
+24,049
| +143% | +$1.29M |
|
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.