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 | |
|---|---|---|---|---|---|---|
3376
NBT Bancorp
NBTB
$2.75B
| $2.08M | ﹤0.01% |
50,193
-710
| -1% | -$29.5K |
|
3377
Xtrackers MSCI USA ESG Leaders Equity ETF
USSG
$590M
| $2.08M | ﹤0.01% |
32,761
-3,910
| -11% | -$245K |
|
|
GNT
3378
GAMCO Natural Resources, Gold & Income Trust
GNT
$149M
| $2.08M | ﹤0.01% |
279,214
+12,180
| +5% | +$87.5K |
|
3379
Weatherford International
WFRD
$6.77B
| $2.08M | ﹤0.01% |
26,554
+3,896
| +17% | +$283K |
|
3380
OneAscent Large Cap Core ETF
OALC
$259M
| $2.07M | ﹤0.01% |
58,517
+27,740
| +90% | +$977K |
|
3381
Oaktree Specialty Lending
OCSL
$1.13B
| $2.07M | ﹤0.01% |
162,818
-7,444
| -4% | -$99.4K |
|
3382
H.B. Fuller
FUL
$3.34B
| $2.07M | ﹤0.01% |
34,850
+398
| +1% | +$23.4K |
|
3383
Globalstar
GSAT
$10.8B
| $2.07M | ﹤0.01% |
33,940
-2,024
| -6% | -$112K |
|
3384
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
XTEN
$1.04B
| $2.07M | ﹤0.01% |
44,792
-4,133
| -8% | -$193K |
|
|
ISD
3385
PGIM High Yield Bond Fund
ISD
$418M
| $2.07M | ﹤0.01% |
143,027
+9,764
| +7% | +$141K |
|
|
AMRZ
3386
Amrize Ltd
AMRZ
$26.3B
| $2.07M | ﹤0.01% |
38,261
+29,273
| +326% | +$1.49M |
|
3387
Thrivent Small-Mid Cap ESG ETF
TSME
$1.01B
| $2.07M | ﹤0.01% |
49,673
+37,431
| +306% | +$1.55M |
|
3388
Cavco Industries
CVCO
$4.57B
| $2.07M | ﹤0.01% |
3,497
+1,066
| +44% | +$604K |
|
|
ETX
3389
Eaton Vance Municipal Income 2028 Term Trust
ETX
$200M
| $2.06M | ﹤0.01% |
110,348
+63,307
| +135% | +$1.21M |
|
|
TAXE
3390
Intermediate Municipal Income ETF
TAXE
$196M
| $2.06M | ﹤0.01% |
+40,347
| New | +$2.06M |
|
3391
Alpha Architect 1-3 Month Box ETF
BOXX
$13.5B
| $2.06M | ﹤0.01% |
17,892
-5,232
| -23% | -$599K |
|
|
RCS
3392
PIMCO Strategic Income Fund
RCS
$249M
| $2.06M | ﹤0.01% |
369,581
+86,529
| +31% | +$601K |
|
3393
NIO
NIO
$11.6B
| $2.06M | ﹤0.01% |
403,150
+6,513
| +2% | +$40.2K |
|
3394
CALL
Amazon
AMZN
$2.94T
| $2.05M | ﹤0.01% |
8,900
-21,500
| -71% | -$4.92M |
|
3395
Invitation Homes
INVH
$17.7B
| $2.05M | ﹤0.01% |
73,676
+503
| +0.7% | +$14K |
|
3396
ProShares S&P 500 ex-Energy ETF
SPXE
$87M
| $2.05M | ﹤0.01% |
27,710
+1,439
| +5% | +$105K |
|
3397
CALL
Meta Platforms (Facebook)
META
$1.53T
| $2.05M | ﹤0.01% |
3,100
+2,200
| +244% | +$1.47M |
|
3398
CALL
ExxonMobil
XOM
$657B
| $2.05M | ﹤0.01% |
+17,000
| New | +$1.97M |
|
|
QMNV
3399
FT Vest Nasdaq-100 Moderate Buffer ETF - November
QMNV
$58.3M
| $2.04M | ﹤0.01% |
+87,460
| New | +$2M |
|
3400
Gotham 1000 Value ETF
GVLU
$295M
| $2.04M | ﹤0.01% |
82,934
-4,767
| -5% | -$120K |
|
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.