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 | |
|---|---|---|---|---|---|---|
3401
FT Vest International Equity Buffer ETF September
YSEP
$121M
| $2.04M | ﹤0.01% |
78,562
-4,065
| -5% | -$104K |
|
3402
Stevanato
STVN
$5.75B
| $2.04M | ﹤0.01% |
101,552
+1,934
| +2% | +$44.9K |
|
3403
Intapp
INTA
$3.08B
| $2.04M | ﹤0.01% |
44,581
+9,735
| +28% | +$404K |
|
3404
iShares Morningstar Multi-Asset Income ETF
IYLD
$125M
| $2.04M | ﹤0.01% |
95,229
+5,657
| +6% | +$121K |
|
3405
Goldman Sachs BDC
GSBD
$1.09B
| $2.04M | ﹤0.01% |
219,722
-24,254
| -10% | -$238K |
|
3406
Chemours
CC
$2.23B
| $2.04M | ﹤0.01% |
172,804
+9,412
| +6% | +$121K |
|
3407
Wipro
WIT
$19.5B
| $2.04M | ﹤0.01% |
716,635
+71,554
| +11% | +$195K |
|
3408
Angel Oak High Yield Opportunities ETF
AOHY
$125M
| $2.03M | ﹤0.01% |
182,974
-5,948
| -3% | -$66.2K |
|
3409
Flowers Foods
FLO
$1.52B
| $2.03M | ﹤0.01% |
186,422
+26,188
| +16% | +$304K |
|
|
MUE
3410
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
| $2.03M | ﹤0.01% |
202,045
+92,884
| +85% | +$931K |
|
3411
PGIM Active Aggregate Bond ETF
PAB
$71.6M
| $2.02M | ﹤0.01% |
47,362
+24,477
| +107% | +$1.05M |
|
|
WCLD
3412
WisdomTree Cloud Computing Fund
WCLD
$305M
| $2.02M | ﹤0.01% |
57,777
-18,197
| -24% | -$637K |
|
3413
Brinker International
EAT
$9.49B
| $2.02M | ﹤0.01% |
14,078
-1,241
| -8% | -$163K |
|
3414
Broadstone Net Lease
BNL
$3.96B
| $2.02M | ﹤0.01% |
116,302
+13,255
| +13% | +$239K |
|
3415
First Interstate BancSystem
FIBK
$3.62B
| $2.02M | ﹤0.01% |
58,336
+5,253
| +10% | +$172K |
|
3416
iShares Self-Driving EV and Tech ETF
IDRV
$137M
| $2.01M | ﹤0.01% |
53,106
-5,305
| -9% | -$201K |
|
3417
PUT
Berkshire Hathaway Class B
BRK.B
$1.11T
| $2.01M | ﹤0.01% |
4,000
-1,200
| -23% | -$597K |
|
|
CNR
3418
Core Natural Resources Inc
CNR
$4.65B
| $2M | ﹤0.01% |
22,637
-1,277
| -5% | -$109K |
|
3419
Pacer US Export Leaders ETF
PEXL
$53.8M
| $2M | ﹤0.01% |
32,737
+2,443
| +8% | +$144K |
|
3420
CALL
CSX Corp
CSX
$92.5B
| $1.99M | ﹤0.01% |
55,000
| – | – |
|
|
ASA
3421
ASA Gold and Precious Metals
ASA
$1.1B
| $1.99M | ﹤0.01% |
33,406
+1,437
| +4% | +$72.9K |
|
3422
FT Vest US Equity Deep Buffer ETF May
DMAY
$380M
| $1.99M | ﹤0.01% |
44,013
+736
| +2% | +$32.9K |
|
3423
AllianzIM U.S. Equity Buffer10 Sep ETF
SEPT
$33.5M
| $1.99M | ﹤0.01% |
56,461
-171
| -0.3% | -$5.94K |
|
3424
Grand Canyon Education
LOPE
$3.76B
| $1.98M | ﹤0.01% |
11,935
-1,457
| -11% | -$264K |
|
3425
American Century Focused Dynamic Growth ETF
FDG
$425M
| $1.98M | ﹤0.01% |
15,583
-626
| -4% | -$77.9K |
|
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.