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 | |
|---|---|---|---|---|---|---|
3401
VanEck Vietnam ETF
VNM
$504M
| $1.82M | ﹤0.01% |
102,182
+38,564
| +61% | +$649K |
|
|
TPLE
3402
DELISTED
Timothy Plan US Large/Mid Cap Core Enhanced ETF
TPLE
| $1.82M | ﹤0.01% |
66,149
+701
| +1% | +$19.1K |
|
3403
Innovator US Small Cap Power Buffer ETF April
KAPR
$217M
| $1.82M | ﹤0.01% |
53,256
+2,110
| +4% | +$70.4K |
|
3404
Farmers National Banc Corp
FMNB
$936M
| $1.82M | ﹤0.01% |
126,102
-7,939
| -6% | -$114K |
|
3405
ClearShares OCIO ETF
OCIO
$170M
| $1.81M | ﹤0.01% |
48,995
+15,816
| +48% | +$572K |
|
3406
BioNTech
BNTX
$22.9B
| $1.81M | ﹤0.01% |
18,357
-1,317
| -7% | -$141K |
|
3407
First Trust Securitized Plus ETF
DEED
$64.4M
| $1.81M | ﹤0.01% |
84,655
+12,181
| +17% | +$258K |
|
|
KIO
3408
KKR Income Opportunities Fund
KIO
$453M
| $1.81M | ﹤0.01% |
143,351
+30,343
| +27% | +$382K |
|
|
HSAI
3409
Hesai Group
HSAI
$2.79B
| $1.8M | ﹤0.01% |
64,218
+23,556
| +58% | +$577K |
|
3410
Xtrackers MSCI Emerging Markets Hedged Equity ETF
DBEM
$107M
| $1.8M | ﹤0.01% |
58,319
+40,258
| +223% | +$1.16M |
|
|
CUK
3411
DELISTED
Carnival PLC
CUK
| $1.8M | ﹤0.01% |
68,029
+34,793
| +105% | +$959K |
|
3412
iShares BB Rated Corporate Bond ETF
HYBB
$427M
| $1.79M | ﹤0.01% |
37,874
+8,615
| +29% | +$404K |
|
3413
Terex
TEX
$7.47B
| $1.79M | ﹤0.01% |
34,928
+2,527
| +8% | +$129K |
|
|
MVT
3414
DELISTED
BlackRock MuniVest Fund II
MVT
| $1.79M | ﹤0.01% |
168,547
+119,423
| +243% | +$1.23M |
|
3415
Etsy
ETSY
$7.55B
| $1.79M | ﹤0.01% |
26,969
+650
| +2% | +$38.8K |
|
|
AEVA
3416
Aeva Technologies
AEVA
$1.73B
| $1.79M | ﹤0.01% |
123,171
+22,972
| +23% | +$435K |
|
3417
Korea Electric Power
KEP
$16B
| $1.78M | ﹤0.01% |
136,548
+118,439
| +654% | +$1.61M |
|
3418
Motley Fool Global Opportunities ETF
TMFG
$359M
| $1.78M | ﹤0.01% |
59,479
+583
| +1% | +$17.7K |
|
3419
Intellia Therapeutics
NTLA
$1.57B
| $1.78M | ﹤0.01% |
103,035
+39,082
| +61% | +$481K |
|
3420
PUT
Invesco NASDAQ 100 ETF
QQQM
$101B
| $1.78M | ﹤0.01% |
7,200
+3,700
| +106% | +$872K |
|
3421
CALL
Tesla
TSLA
$1.26T
| $1.78M | ﹤0.01% |
4,000
+1,500
| +60% | +$520K |
|
3422
Goodyear
GT
$1.94B
| $1.78M | ﹤0.01% |
237,511
+7,326
| +3% | +$68.9K |
|
3423
Concentrix
CNXC
$1.61B
| $1.78M | ﹤0.01% |
38,473
+13,527
| +54% | +$722K |
|
3424
VanEck Environmental Services ETF
EVX
$102M
| $1.77M | ﹤0.01% |
45,574
-445
| -1% | -$17.3K |
|
3425
Henry Schein
HSIC
$9.83B
| $1.77M | ﹤0.01% |
26,725
+4,015
| +18% | +$278K |
|
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.