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 | |
|---|---|---|---|---|---|---|
3551
Innovator US Equity Buffer ETF March
BMAR
$254M
| $1.57M | ﹤0.01% |
30,433
-295
| -1% | -$14.8K |
|
3552
FB Financial Corp
FBK
$3.04B
| $1.57M | ﹤0.01% |
28,106
+22,385
| +391% | +$1.14M |
|
3553
BorgWarner
BWA
$13.4B
| $1.57M | ﹤0.01% |
35,631
+4,829
| +16% | +$193K |
|
3554
Invesco CurrencyShares Swiss Franc Trust
FXF
$396M
| $1.57M | ﹤0.01% |
14,071
-10,982
| -44% | -$1.22M |
|
3555
Sensata Technologies
ST
$6.74B
| $1.56M | ﹤0.01% |
51,199
-7,050
| -12% | -$223K |
|
|
EUHY
3556
iShares Euro High Yield Corporate Bond USD Hedged ETF
EUHY
$246M
| $1.56M | ﹤0.01% |
28,122
+21,978
| +358% | +$1.21M |
|
3557
Pacer Trendpilot European Index ETF
PTEU
$37.7M
| $1.56M | ﹤0.01% |
52,282
-2,199
| -4% | -$63.9K |
|
3558
MGIC Investment
MTG
$6.21B
| $1.56M | ﹤0.01% |
55,061
-478
| -0.9% | -$13K |
|
|
EDGH
3559
3EDGE Dynamic Hard Assets ETF
EDGH
$130M
| $1.56M | ﹤0.01% |
53,962
-9,814
| -15% | -$266K |
|
3560
VanEck Low Carbon Energy ETF
SMOG
$132M
| $1.55M | ﹤0.01% |
12,215
+317
| +3% | +$37.3K |
|
3561
Weatherford International
WFRD
$6.38B
| $1.55M | ﹤0.01% |
22,658
+732
| +3% | +$43.5K |
|
3562
OneAscent International Equity ETF
OAIM
$367M
| $1.55M | ﹤0.01% |
38,535
+570
| +2% | +$22.3K |
|
3563
Invesco MSCI Sustainable Future ETF
ERTH
$135M
| $1.55M | ﹤0.01% |
32,523
-637
| -2% | -$28.6K |
|
|
GAM
3564
General American Investors Company
GAM
$1.6B
| $1.55M | ﹤0.01% |
24,892
+5,119
| +26% | +$302K |
|
3565
SGHC Ltd
SGHC
$6.6B
| $1.55M | ﹤0.01% |
117,189
+11,236
| +11% | +$132K |
|
3566
Axalta
AXTA
$8.03B
| $1.55M | ﹤0.01% |
54,015
+7,750
| +17% | +$233K |
|
3567
Nuveen Core Equity Alpha Fund
JCE
$288M
| $1.54M | ﹤0.01% |
98,203
-480
| -0.5% | -$7.47K |
|
3568
Simpson Manufacturing
SSD
$7.96B
| $1.54M | ﹤0.01% |
9,208
-19
| -0.2% | -$3.4K |
|
3569
Nuveen Municipal Credit Opportunities Fund
NMCO
$582M
| $1.54M | ﹤0.01% |
141,754
+43,574
| +44% | +$455K |
|
3570
Resideo Technologies
REZI
$3.95B
| $1.54M | ﹤0.01% |
35,645
+2,696
| +8% | +$84.2K |
|
3571
Apple Hospitality REIT
APLE
$3.77B
| $1.54M | ﹤0.01% |
127,926
-36,961
| -22% | -$457K |
|
3572
Middlesex Water
MSEX
$1.08B
| $1.54M | ﹤0.01% |
28,380
+938
| +3% | +$50.2K |
|
3573
UFP Industries
UFPI
$5.07B
| $1.53M | ﹤0.01% |
16,417
-866
| -5% | -$87.4K |
|
3574
JPMorgan USD Emerging Markets Sovereign Bond ETF
JPMB
$67.4M
| $1.53M | ﹤0.01% |
38,019
+17,199
| +83% | +$679K |
|
3575
BrightSpring Health Services
BTSG
$12B
| $1.53M | ﹤0.01% |
51,780
+35,407
| +216% | +$823K |
|
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.