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 | |
|---|---|---|---|---|---|---|
3601
FT Vest US Small Cap Moderate Buffer ETF August
SAUG
$112M
| $1.6M | ﹤0.01% |
62,678
-1,206
| -2% | -$30.5K |
|
|
BWIN
3602
Baldwin Insurance Group
BWIN
$2.85B
| $1.6M | ﹤0.01% |
66,448
-2,566
| -4% | -$65.3K |
|
3603
Invesco CurrencyShares Swiss Franc Trust
FXF
$397M
| $1.6M | ﹤0.01% |
14,295
+224
| +2% | +$24.8K |
|
|
GRFS
3604
Grifois
GRFS
$5.46B
| $1.59M | ﹤0.01% |
170,159
-53,432
| -24% | -$486K |
|
3605
PUT
American Express
AXP
$231B
| $1.59M | ﹤0.01% |
4,300
+3,000
| +231% | +$1.07M |
|
3606
UFP Industries
UFPI
$5.11B
| $1.59M | ﹤0.01% |
17,462
+1,045
| +6% | +$95.7K |
|
3607
Hexcel
HXL
$7.6B
| $1.59M | ﹤0.01% |
21,452
+1,247
| +6% | +$88.2K |
|
3608
Dentsply Sirona
XRAY
$2.34B
| $1.59M | ﹤0.01% |
138,672
+11,606
| +9% | +$136K |
|
|
SERV
3609
Serve Robotics
SERV
$423M
| $1.58M | ﹤0.01% |
152,528
+50,746
| +50% | +$609K |
|
3610
Aegon
AEG
$14B
| $1.58M | ﹤0.01% |
205,284
+28,368
| +16% | +$217K |
|
|
UCB
3611
United Community Banks
UCB
$4.35B
| $1.58M | ﹤0.01% |
50,674
+11,688
| +30% | +$361K |
|
3612
Amplify Alternative Harvest ETF
MJ
$108M
| $1.58M | ﹤0.01% |
53,103
-8,964
| -14% | -$284K |
|
3613
Lear
LEA
$8.16B
| $1.58M | ﹤0.01% |
13,767
+9,572
| +228% | +$1.02M |
|
3614
First Trust Nasdaq Transportation ETF
FTXR
$1.05B
| $1.58M | ﹤0.01% |
40,694
-2,159
| -5% | -$79K |
|
3615
VanEck Low Carbon Energy ETF
SMOG
$134M
| $1.57M | ﹤0.01% |
12,150
-65
| -0.5% | -$8.59K |
|
3616
Choiceone Financial
COFS
$510M
| $1.57M | ﹤0.01% |
53,319
+32,472
| +156% | +$960K |
|
3617
Provident Financial Services
PFS
$3.22B
| $1.57M | ﹤0.01% |
79,621
+50,734
| +176% | +$981K |
|
3618
DiaMedica Therapeutics
DMAC
$384M
| $1.57M | ﹤0.01% |
197,150
-6,000
| -3% | -$44.9K |
|
3619
CVB Financial
CVBF
$4.02B
| $1.57M | ﹤0.01% |
84,345
-377
| -0.4% | -$7.21K |
|
|
CET
3620
Central Securities Corp
CET
$1.63B
| $1.57M | ﹤0.01% |
30,927
+12,258
| +66% | +$620K |
|
3621
NextDecade
NEXT
$1.79B
| $1.56M | ﹤0.01% |
296,718
+116,090
| +64% | +$692K |
|
|
GRW
3622
TCW ETF Trust TCW Durable Growth ETF
GRW
$66.8M
| $1.56M | ﹤0.01% |
50,223
-11,133
| -18% | -$351K |
|
3623
United States Natural Gas Fund
UNG
$495M
| $1.56M | ﹤0.01% |
127,318
-37,876
| -23% | -$510K |
|
3624
Interparfums
IPAR
$3.84B
| $1.56M | ﹤0.01% |
18,399
-1,572
| -8% | -$138K |
|
3625
Teleflex
TFX
$5.92B
| $1.56M | ﹤0.01% |
12,780
-3,313
| -21% | -$402K |
|
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.