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 | |
|---|---|---|---|---|---|---|
3451
Pacer US Export Leaders ETF
PEXL
$52.1M
| $1.74M | ﹤0.01% |
30,294
+1,359
| +5% | +$74.5K |
|
3452
Sarepta Therapeutics
SRPT
$1.77B
| $1.73M | ﹤0.01% |
89,986
+27,562
| +44% | +$491K |
|
3453
Arrowhead Research
ARWR
$12.1B
| $1.73M | ﹤0.01% |
50,164
+6,996
| +16% | +$154K |
|
3454
RenaissanceRe
RNR
$13.4B
| $1.73M | ﹤0.01% |
6,805
-2,548
| -27% | -$617K |
|
3455
Mercury Insurance
MCY
$5.95B
| $1.72M | ﹤0.01% |
20,326
+13,176
| +184% | +$972K |
|
3456
SM Energy
SM
$6.88B
| $1.72M | ﹤0.01% |
68,997
-1,396
| -2% | -$37.6K |
|
|
BSJW
3457
Invesco BulletShares 2032 High Yield Corporate Bond ETF
BSJW
$45.5M
| $1.72M | ﹤0.01% |
66,714
+14,539
| +28% | +$373K |
|
|
JHI
3458
John Hancock Investors Trust
JHI
$117M
| $1.72M | ﹤0.01% |
122,946
+65,543
| +114% | +$922K |
|
3459
BioMarin Pharmaceuticals
BMRN
$11.9B
| $1.72M | ﹤0.01% |
31,728
-5,070
| -14% | -$290K |
|
3460
Innovator International Developed Power Buffer ETF April
IAPR
$201M
| $1.72M | ﹤0.01% |
57,144
+37
| +0.1% | +$1.09K |
|
|
LB
3461
LandBridge Co
LB
$2.24B
| $1.72M | ﹤0.01% |
32,195
+12,300
| +62% | +$678K |
|
3462
BGC Group
BGC
$4.97B
| $1.72M | ﹤0.01% |
181,523
-7,440
| -4% | -$74.5K |
|
3463
U-Haul Holding Co Series N
UHAL.B
$12.7B
| $1.71M | ﹤0.01% |
33,620
-3,028
| -8% | -$161K |
|
3464
Valvoline
VVV
$4.55B
| $1.71M | ﹤0.01% |
47,588
+6,749
| +17% | +$258K |
|
3465
Thryv Holdings
THRY
$109M
| $1.71M | ﹤0.01% |
+141,656
| New | +$1.79M |
|
|
XOVR
3466
EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF
XOVR
$1.79B
| $1.71M | ﹤0.01% |
80,841
+52,716
| +187% | +$1.05M |
|
3467
Nuveen Real Estate Income Fund
JRS
$244M
| $1.71M | ﹤0.01% |
208,609
+15,049
| +8% | +$119K |
|
3468
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.52B
| $1.71M | ﹤0.01% |
43,441
-9,180
| -17% | -$348K |
|
3469
Novanta
NOVT
$5.82B
| $1.71M | ﹤0.01% |
17,032
-2,233
| -12% | -$266K |
|
|
VGUS
3470
Vanguard Ultra-Short Treasury ETF
VGUS
$1.02B
| $1.7M | ﹤0.01% |
+22,514
| New | +$1.7M |
|
3471
Wendy's
WEN
$1.41B
| $1.7M | ﹤0.01% |
185,760
+211
| +0.1% | +$2.17K |
|
|
XRLV
3472
DELISTED
Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
XRLV
| $1.7M | ﹤0.01% |
30,556
-89,760
| -75% | -$4.96M |
|
3473
Roivant Sciences
ROIV
$25.4B
| $1.7M | ﹤0.01% |
112,220
+74,890
| +201% | +$927K |
|
|
PPI
3474
AXS Astoria Inflation Sensitive ETF
PPI
$158M
| $1.7M | ﹤0.01% |
92,650
+11,589
| +14% | +$199K |
|
3475
Wipro
WIT
$19.7B
| $1.7M | ﹤0.01% |
645,081
+139,411
| +28% | +$392K |
|
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.