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 | |
|---|---|---|---|---|---|---|
3476
First Interstate BancSystem
FIBK
$3.57B
| $1.69M | ﹤0.01% |
53,083
+562
| +1% | +$17.5K |
|
3477
PUT
Bloom Energy
BE
$67.4B
| $1.69M | ﹤0.01% |
+20,000
| New | +$929K |
|
3478
Invesco Dorsey Wright Energy Momentum ETF
PXI
$51M
| $1.69M | ﹤0.01% |
36,012
-2,137
| -6% | -$93.5K |
|
3479
Cirrus Logic
CRUS
$6.19B
| $1.69M | ﹤0.01% |
13,467
-1,653
| -11% | -$184K |
|
|
BULL
3480
Webull Corp
BULL
$3.84B
| $1.69M | ﹤0.01% |
114,054
+96,924
| +566% | +$1.38M |
|
3481
Hudbay
HBM
$11.7B
| $1.69M | ﹤0.01% |
111,211
+28,253
| +34% | +$324K |
|
3482
Freshpet
FRPT
$3.21B
| $1.68M | ﹤0.01% |
30,540
-4,512
| -13% | -$280K |
|
|
RWT
3483
Redwood Trust
RWT
$573M
| $1.68M | ﹤0.01% |
290,050
+21,121
| +8% | +$126K |
|
3484
Invesco Dorsey Wright Emerging Markets Momentum ETF
PIE
$248M
| $1.67M | ﹤0.01% |
68,612
-9,999
| -13% | -$226K |
|
3485
Cohen & Steers Select Preferred & Income Fund
PSF
$235M
| $1.67M | ﹤0.01% |
80,422
+335
| +0.4% | +$6.86K |
|
3486
PUT
Truist Financial
TFC
$64.2B
| $1.67M | ﹤0.01% |
36,500
-74,700
| -67% | -$3.37M |
|
|
DHY
3487
Credit Suisse High Yield Credit Fund
DHY
$238M
| $1.67M | ﹤0.01% |
809,100
+55,091
| +7% | +$116K |
|
3488
Triumph Financial Inc
TFIN
$1.81B
| $1.66M | ﹤0.01% |
33,176
+5,679
| +21% | +$335K |
|
3489
CarGurus
CARG
$3.28B
| $1.66M | ﹤0.01% |
44,581
-2,381
| -5% | -$81.4K |
|
3490
FlexShares STOXX Global Broad Infrastructure Index Fund
NFRA
$3.01B
| $1.66M | ﹤0.01% |
26,368
-23,166
| -47% | -$1.44M |
|
|
EVM
3491
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
| $1.66M | ﹤0.01% |
174,712
+17,537
| +11% | +$158K |
|
3492
Arteris
AIP
$1.46B
| $1.66M | ﹤0.01% |
164,009
+3,890
| +2% | +$37K |
|
|
TRON
3493
Tron Inc
TRON
$683M
| $1.65M | ﹤0.01% |
+856,651
| New | +$5.07M |
|
3494
Tencent Music
TME
$15.7B
| $1.65M | ﹤0.01% |
70,756
+21,110
| +43% | +$489K |
|
|
SFBS
3495
ServisFirst Bancshares
SFBS
$4.87B
| $1.65M | ﹤0.01% |
20,466
+3,291
| +19% | +$273K |
|
3496
Adaptive Biotechnologies
ADPT
$3.75B
| $1.65M | ﹤0.01% |
110,151
-24,318
| -18% | -$296K |
|
3497
Willdan Group
WLDN
$1.11B
| $1.64M | ﹤0.01% |
+17,002
| New | +$1.61M |
|
3498
Western Union
WU
$2.23B
| $1.64M | ﹤0.01% |
205,714
+30,318
| +17% | +$253K |
|
3499
FT Vest US Small Cap Moderate Buffer ETF May
SMAY
$113M
| $1.64M | ﹤0.01% |
64,719
-4,601
| -7% | -$114K |
|
3500
AllianzIM U.S. Equity Buffer10 Aug ETF
AUGT
$30.3M
| $1.64M | ﹤0.01% |
46,967
+16,763
| +55% | +$569K |
|
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.