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 | |
|---|---|---|---|---|---|---|
3576
Ryman Hospitality Properties
RHP
$7.84B
| $1.53M | ﹤0.01% |
17,083
+74
| +0.4% | +$7.24K |
|
|
GOOD
3577
Gladstone Commercial Corp
GOOD
$625M
| $1.53M | ﹤0.01% |
124,208
+6,312
| +5% | +$84.1K |
|
3578
Brookfield Renewable
BEP
$9.82B
| $1.53M | ﹤0.01% |
59,288
+5,105
| +9% | +$131K |
|
3579
Galectin Therapeutics
GALT
$212M
| $1.53M | ﹤0.01% |
360,268
-6,710
| -2% | -$25.2K |
|
3580
Innovator US Small Cap Power Buffer ETF October
KOCT
$136M
| $1.53M | ﹤0.01% |
46,191
+9,861
| +27% | +$312K |
|
3581
First Trust RiverFront Dynamic Developed International ETF
RFDI
$166M
| $1.52M | ﹤0.01% |
19,863
+1,140
| +6% | +$85.4K |
|
3582
ImmunityBio
IBRX
$7.76B
| $1.52M | ﹤0.01% |
619,290
+312,787
| +102% | +$806K |
|
3583
Knight Transportation
KNX
$11.3B
| $1.52M | ﹤0.01% |
38,553
+2,358
| +7% | +$102K |
|
3584
Teladoc Health
TDOC
$1.21B
| $1.52M | ﹤0.01% |
196,763
+10,125
| +5% | +$79K |
|
3585
Horace Mann Educators
HMN
$2.19B
| $1.52M | ﹤0.01% |
33,666
-708
| -2% | -$31.1K |
|
|
ASM
3586
Avino Silver & Gold Mines
ASM
$1.11B
| $1.52M | ﹤0.01% |
289,326
+66,531
| +30% | +$268K |
|
3587
Nokia
NOK
$52.6B
| $1.52M | ﹤0.01% |
315,766
-105,574
| -25% | -$477K |
|
3588
Innovator S&P Investment Grade Preferred ETF
EPRF
$68.1M
| $1.52M | ﹤0.01% |
82,991
+23,645
| +40% | +$429K |
|
|
ETH
3589
Grayscale Ethereum Staking Mini ETF Shares
ETH
$1.74B
| $1.51M | ﹤0.01% |
38,667
+2,321
| +6% | +$85.7K |
|
3590
WBI BullBear Quality 3000 ETF
WBIL
$29.3M
| $1.51M | ﹤0.01% |
44,055
-4,912
| -10% | -$162K |
|
3591
Q2 Holdings
QTWO
$3.95B
| $1.51M | ﹤0.01% |
20,832
-4,507
| -18% | -$370K |
|
|
TIGR
3592
UP Fintech Holding
TIGR
$847M
| $1.51M | ﹤0.01% |
141,305
+50,109
| +55% | +$537K |
|
3593
State Street Income Allocation ETF
INKM
$74.8M
| $1.51M | ﹤0.01% |
45,492
-31,973
| -41% | -$1.05M |
|
3594
Bath & Body Works
BBWI
$4.06B
| $1.51M | ﹤0.01% |
58,469
-3,970
| -6% | -$118K |
|
3595
Columbia Short Duration Bond ETF
SBND
$205M
| $1.51M | ﹤0.01% |
79,369
+34,657
| +78% | +$654K |
|
3596
Dolby
DLB
$5.71B
| $1.51M | ﹤0.01% |
20,808
+4,509
| +28% | +$332K |
|
3597
Truth Social America First ETF
MAGA
$31.4M
| $1.5M | ﹤0.01% |
28,639
+1,095
| +4% | +$56.7K |
|
3598
First Trust Nasdaq Transportation ETF
FTXR
$1.06B
| $1.5M | ﹤0.01% |
42,853
-5,775
| -12% | -$195K |
|
3599
Direxion Daily Financial Bull 3x ETF
FAS
$2.47B
| $1.5M | ﹤0.01% |
8,440
-38,754
| -82% | -$6.65M |
|
|
PDM
3600
Piedmont Realty Trust
PDM
$1.18B
| $1.5M | ﹤0.01% |
166,602
+21,668
| +15% | +$174K |
|
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.