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 | |
|---|---|---|---|---|---|---|
3476
Anavex Life Sciences
AVXL
$325M
| $1.88M | ﹤0.01% |
528,782
-5,537
| -1% | -$33.9K |
|
3477
Kanzhun
BZ
$7.49B
| $1.88M | ﹤0.01% |
92,359
+64,780
| +235% | +$1.4M |
|
3478
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$740M
| $1.88M | ﹤0.01% |
36,356
-225
| -0.6% | -$11.9K |
|
3479
Herc Holdings
HRI
$5.72B
| $1.88M | ﹤0.01% |
12,639
-77
| -0.6% | -$10.6K |
|
3480
Mobileye
MBLY
$7.54B
| $1.88M | ﹤0.01% |
179,620
+9,256
| +5% | +$116K |
|
3481
Inspire Fidelis Multi Factor ETF
FDLS
$238M
| $1.87M | ﹤0.01% |
52,457
+17,524
| +50% | +$616K |
|
3482
Fidelity Wise Origin Bitcoin Fund
FBTC
$11.8B
| $1.87M | ﹤0.01% |
24,581
-5,622
| -19% | -$491K |
|
|
ASCI
3483
abrdn International Small Cap Active ETF
ASCI
$81M
| $1.87M | ﹤0.01% |
+54,224
| New | +$1.87M |
|
|
TPZ
3484
Tortoise Electrification Infrastructure ETF
TPZ
$126M
| $1.87M | ﹤0.01% |
91,718
-4,644
| -5% | -$97.2K |
|
|
AEVA
3485
Aeva Technologies
AEVA
$1.68B
| $1.87M | ﹤0.01% |
140,614
+17,443
| +14% | +$248K |
|
3486
Invesco Active US Real Estate Fund
PSR
$58.6M
| $1.86M | ﹤0.01% |
20,610
+790
| +4% | +$72.4K |
|
3487
Penske Automotive Group
PAG
$14.2B
| $1.86M | ﹤0.01% |
11,742
+348
| +3% | +$57.2K |
|
3488
Meritage Homes
MTH
$4.81B
| $1.86M | ﹤0.01% |
28,209
+228
| +0.8% | +$15.8K |
|
|
CON
3489
Concentra Group Holdings
CON
$4.21B
| $1.86M | ﹤0.01% |
94,282
+6,475
| +7% | +$130K |
|
3490
Innovator US Small Cap Power Buffer ETF October
KOCT
$131M
| $1.86M | ﹤0.01% |
55,103
+8,912
| +19% | +$297K |
|
3491
Asbury Automotive
ABG
$3.73B
| $1.85M | ﹤0.01% |
7,959
+308
| +4% | +$72.8K |
|
3492
Fidus Investment
FDUS
$752M
| $1.85M | ﹤0.01% |
95,795
+2,087
| +2% | +$41.5K |
|
3493
Globant
GLOB
$1.68B
| $1.84M | ﹤0.01% |
28,193
+2,929
| +12% | +$184K |
|
3494
Innovator US Small Cap Power Buffer ETF July
KJUL
$226M
| $1.84M | ﹤0.01% |
58,118
+11,028
| +23% | +$345K |
|
3495
Invesco CurrencyShares Euro Currency Trust
FXE
$341M
| $1.84M | ﹤0.01% |
16,966
-3,118
| -16% | -$335K |
|
3496
CapForce IBD 50 ETF
FFTY
$79.5M
| $1.84M | ﹤0.01% |
52,786
+6,098
| +13% | +$225K |
|
3497
VanEck Vietnam ETF
VNM
$507M
| $1.84M | ﹤0.01% |
96,203
-5,979
| -6% | -$109K |
|
3498
Veracyte
VCYT
$3.73B
| $1.83M | ﹤0.01% |
43,535
+7,910
| +22% | +$319K |
|
3499
POET Technologies
POET
$1.48B
| $1.83M | ﹤0.01% |
289,301
-2,496
| -0.9% | -$15.8K |
|
3500
AXS Change Finance ESG ETF
CHGX
$178M
| $1.83M | ﹤0.01% |
67,312
+3,316
| +5% | +$90.8K |
|
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.