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 | |
|---|---|---|---|---|---|---|
3601
Vital Farms
VITL
$525M
| $1.5M | ﹤0.01% |
36,385
+5,709
| +19% | +$248K |
|
|
CIM
3602
Chimera Investment
CIM
$1.01B
| $1.5M | ﹤0.01% |
113,178
+1,697
| +2% | +$23.6K |
|
3603
FT Vest US Equity Moderate Buffer ETF October
GOCT
$266M
| $1.5M | ﹤0.01% |
39,037
+9,599
| +33% | +$359K |
|
3604
Epsilon Energy
EPSN
$169M
| $1.5M | ﹤0.01% |
296,685
+96,395
| +48% | +$584K |
|
3605
Clear Secure
YOU
$5.47B
| $1.49M | ﹤0.01% |
44,779
+14,729
| +49% | +$488K |
|
3606
National Bankshares
NKSH
$267M
| $1.49M | ﹤0.01% |
50,717
+1,325
| +3% | +$39.2K |
|
3607
Mueller Water Products
MWA
$4.22B
| $1.49M | ﹤0.01% |
58,321
+7,539
| +15% | +$192K |
|
3608
BondBloxx USD High Yield Bond Sector Rotation ETF
HYSA
$65.4M
| $1.48M | ﹤0.01% |
96,620
-4,532
| -4% | -$68.9K |
|
3609
Herc Holdings
HRI
$5.72B
| $1.48M | ﹤0.01% |
12,716
+3,066
| +32% | +$396K |
|
|
VNET
3610
VNET Group
VNET
$2.02B
| $1.48M | ﹤0.01% |
143,568
+39,888
| +38% | +$336K |
|
3611
FirstService
FSV
$6.29B
| $1.48M | ﹤0.01% |
7,784
-3,879
| -33% | -$751K |
|
3612
Pediatrix Medical
MD
$2.19B
| $1.48M | ﹤0.01% |
88,502
+103
| +0.1% | +$1.54K |
|
3613
Teradata
TDC
$2.52B
| $1.48M | ﹤0.01% |
68,886
-4,058
| -6% | -$87.3K |
|
3614
Affiliated Managers Group
AMG
$9.89B
| $1.48M | ﹤0.01% |
6,210
+2,769
| +80% | +$610K |
|
3615
Dropbox
DBX
$7.95B
| $1.48M | ﹤0.01% |
48,997
+57
| +0.1% | +$1.63K |
|
3616
Innovator US Equity Buffer ETF February
BFEB
$258M
| $1.47M | ﹤0.01% |
31,212
+6,230
| +25% | +$286K |
|
|
SEE
3617
DELISTED
Sealed Air
SEE
| $1.47M | ﹤0.01% |
41,655
+4,030
| +11% | +$128K |
|
3618
Cracker Barrel
CBRL
$1.3B
| $1.47M | ﹤0.01% |
33,417
+4,681
| +16% | +$271K |
|
|
MVF
3619
DELISTED
BlackRock MuniVest Fund
MVF
| $1.47M | ﹤0.01% |
214,308
+79,345
| +59% | +$529K |
|
3620
Sociedad Química y Minera de Chile
SQM
$20.8B
| $1.47M | ﹤0.01% |
34,180
+5,442
| +19% | +$227K |
|
3621
Invesco Dorsey Wright Basic Materials Momentum ETF
PYZ
$77.5M
| $1.47M | ﹤0.01% |
13,865
-1,735
| -11% | -$176K |
|
3622
American Financial Group
AFG
$12.1B
| $1.47M | ﹤0.01% |
10,059
+224
| +2% | +$29.7K |
|
3623
Garrett Motion
GTX
$5.64B
| $1.47M | ﹤0.01% |
107,581
+25,626
| +31% | +$324K |
|
|
ASA
3624
ASA Gold and Precious Metals
ASA
$1.09B
| $1.46M | ﹤0.01% |
31,969
+9,422
| +42% | +$342K |
|
|
COPY
3625
Tweedy Browne Insider + Value ETF
COPY
$384M
| $1.46M | ﹤0.01% |
+118,800
| New | +$1.43M |
|
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.