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 | |
|---|---|---|---|---|---|---|
3326
XPeng
XPEV
$11.2B
| $1.97M | ﹤0.01% |
83,920
+7,087
| +9% | +$142K |
|
3327
Interparfums
IPAR
$3.81B
| $1.96M | ﹤0.01% |
19,971
+1,802
| +10% | +$212K |
|
3328
Magna International
MGA
$18.1B
| $1.96M | ﹤0.01% |
41,459
-5,610
| -12% | -$247K |
|
3329
Pegasystems
PEGA
$5.21B
| $1.96M | ﹤0.01% |
34,133
+5,821
| +21% | +$321K |
|
|
GRW
3330
TCW ETF Trust TCW Durable Growth ETF
GRW
$66.5M
| $1.96M | ﹤0.01% |
61,356
+42,113
| +219% | +$1.4M |
|
3331
Ascendis Pharma A/S
ASND
$16.4B
| $1.96M | ﹤0.01% |
9,854
+2,587
| +36% | +$483K |
|
3332
Strive US Semiconductor ETF
SHOC
$239M
| $1.96M | ﹤0.01% |
31,320
+5,769
| +23% | +$328K |
|
3333
PUT
Bank of America
BAC
$441B
| $1.96M | ﹤0.01% |
37,900
-3,100
| -8% | -$151K |
|
3334
CALL
CSX Corp
CSX
$93.9B
| $1.95M | ﹤0.01% |
+55,000
| New | +$1.88M |
|
3335
American Century Focused Dynamic Growth ETF
FDG
$422M
| $1.95M | ﹤0.01% |
16,209
+186
| +1% | +$21.4K |
|
3336
AllianzIM U.S. Equity Buffer10 Sep ETF
SEPT
$33.4M
| $1.95M | ﹤0.01% |
56,632
+41,088
| +264% | +$1.37M |
|
|
AVUQ
3337
Avantis U.S. Quality ETF
AVUQ
$297M
| $1.95M | ﹤0.01% |
+32,848
| New | +$1.86M |
|
3338
Brookfield Infrastructure
BIPC
$4.87B
| $1.95M | ﹤0.01% |
47,405
+1,315
| +3% | +$53.3K |
|
3339
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$716M
| $1.95M | ﹤0.01% |
36,581
-5,989
| -14% | -$313K |
|
|
JFB
3340
JFB Construction Holdings
JFB
$89M
| $1.95M | ﹤0.01% |
+301,660
| New | +$1.09M |
|
3341
Recursion Pharmaceuticals
RXRX
$1.69B
| $1.95M | ﹤0.01% |
399,048
+40,904
| +11% | +$215K |
|
|
BWIN
3342
Baldwin Insurance Group
BWIN
$2.77B
| $1.95M | ﹤0.01% |
69,014
-9,894
| -13% | -$344K |
|
3343
Archrock
AROC
$5.84B
| $1.95M | ﹤0.01% |
73,994
-47,923
| -39% | -$1.16M |
|
3344
LCI Industries
LCII
$2.57B
| $1.94M | ﹤0.01% |
20,871
-4,030
| -16% | -$402K |
|
3345
Morgan Stanley Direct Lending Fund
MSDL
$1.31B
| $1.94M | ﹤0.01% |
120,700
-50,754
| -30% | -$926K |
|
3346
Brinker International
EAT
$9.75B
| $1.94M | ﹤0.01% |
15,319
-4,546
| -23% | -$709K |
|
|
PCM
3347
PCM Fund
PCM
$70M
| $1.94M | ﹤0.01% |
289,072
+123,888
| +75% | +$794K |
|
3348
Dimensional International Core Fixed Income ETF
DFGX
$1.73B
| $1.93M | ﹤0.01% |
35,798
+4,358
| +14% | +$233K |
|
3349
Haemonetics
HAE
$3.86B
| $1.93M | ﹤0.01% |
39,584
-10,020
| -20% | -$620K |
|
3350
Tecnoglass Holdings Inc.
TGLS
$1.97B
| $1.93M | ﹤0.01% |
28,817
+1,789
| +7% | +$132K |
|
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.