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 | |
|---|---|---|---|---|---|---|
3376
Credicorp
BAP
$31.2B
| $1.88M | ﹤0.01% |
7,061
+2,159
| +44% | +$534K |
|
|
DX
3377
Dynex Capital
DX
$3.18B
| $1.88M | ﹤0.01% |
152,857
+28,017
| +22% | +$351K |
|
|
GNT
3378
GAMCO Natural Resources, Gold & Income Trust
GNT
$142M
| $1.88M | ﹤0.01% |
267,034
+31,550
| +13% | +$209K |
|
3379
First American
FAF
$7.67B
| $1.88M | ﹤0.01% |
29,202
+8,714
| +43% | +$550K |
|
3380
Invesco S&P SmallCap Health Care ETF
PSCH
$165M
| $1.87M | ﹤0.01% |
44,982
-8,352
| -16% | -$335K |
|
3381
Asbury Automotive
ABG
$3.88B
| $1.87M | ﹤0.01% |
7,651
+1,127
| +17% | +$274K |
|
3382
TCW Transform 500 ETF
VOTE
$1.13B
| $1.87M | ﹤0.01% |
23,824
+4,653
| +24% | +$351K |
|
|
EVG
3383
Eaton Vance Short Duration Diversified Income Fund
EVG
$143M
| $1.87M | ﹤0.01% |
165,156
+86,960
| +111% | +$976K |
|
3384
NMI Holdings
NMIH
$3.31B
| $1.87M | ﹤0.01% |
48,760
+3,057
| +7% | +$120K |
|
|
NXC
3385
DELISTED
Nuveen CA Select Tax-Free Income Portfolio
NXC
| $1.87M | ﹤0.01% |
144,004
-2,327
| -2% | -$30K |
|
3386
Fidelity Corporate Bond ETF
FCOR
$348M
| $1.86M | ﹤0.01% |
38,826
+7,476
| +24% | +$356K |
|
3387
Ivanhoe Electric
IE
$1.69B
| $1.86M | ﹤0.01% |
148,373
+107,840
| +266% | +$1.07M |
|
|
AL
3388
DELISTED
Air Lease Corp
AL
| $1.86M | ﹤0.01% |
29,200
-15,581
| -35% | -$931K |
|
3389
Xtrackers MSCI Japan Hedged Equity ETF
DBJP
$697M
| $1.85M | ﹤0.01% |
21,826
-4,617
| -17% | -$375K |
|
|
OPRA
3390
Opera Ltd
OPRA
$1.75B
| $1.85M | ﹤0.01% |
89,776
+19,735
| +28% | +$353K |
|
3391
Stock Yards Bancorp
SYBT
$2.61B
| $1.85M | ﹤0.01% |
26,411
+2,518
| +11% | +$194K |
|
3392
Peloton Interactive
PTON
$2.38B
| $1.85M | ﹤0.01% |
205,244
+37,860
| +23% | +$282K |
|
3393
Broadstone Net Lease
BNL
$4.06B
| $1.84M | ﹤0.01% |
103,047
-16,565
| -14% | -$285K |
|
|
CON
3394
Concentra Group Holdings
CON
$3.91B
| $1.84M | ﹤0.01% |
87,807
+2,514
| +3% | +$53.6K |
|
3395
Invesco Active US Real Estate Fund
PSR
$59.6M
| $1.84M | ﹤0.01% |
19,820
+1,277
| +7% | +$117K |
|
3396
Bread Financial
BFH
$4.44B
| $1.84M | ﹤0.01% |
32,931
+15,904
| +93% | +$982K |
|
3397
Invesco S&P SmallCap Consumer Staples ETF
PSCC
$38.9M
| $1.83M | ﹤0.01% |
55,540
+15,863
| +40% | +$547K |
|
|
EVN
3398
Eaton Vance Municipal Income Trust
EVN
$419M
| $1.83M | ﹤0.01% |
165,033
-17,715
| -10% | -$188K |
|
3399
Invesco Zacks Multi-Asset Income ETF
CVY
$124M
| $1.82M | ﹤0.01% |
68,060
-6,559
| -9% | -$174K |
|
3400
Napco Security Technologies
NSSC
$1.46B
| $1.82M | ﹤0.01% |
42,448
+3,439
| +9% | +$119K |
|
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.