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 | |
|---|---|---|---|---|---|---|
3626
SP Funds Dow Jones Global Sukuk ETF
SPSK
$648M
| $1.46M | ﹤0.01% |
79,069
+32,781
| +71% | +$602K |
|
3627
VanEck Natural Resources ETF
HAP
$310M
| $1.46M | ﹤0.01% |
25,572
-1,580
| -6% | -$85.9K |
|
3628
Innovator US Small Cap Power Buffer ETF July
KJUL
$217M
| $1.46M | ﹤0.01% |
47,090
+5,199
| +12% | +$157K |
|
|
DXYZ
3629
Destiny Tech100
DXYZ
$773M
| $1.46M | ﹤0.01% |
68,357
+25,578
| +60% | +$763K |
|
|
BCV
3630
Bancroft Fund
BCV
$137M
| $1.46M | ﹤0.01% |
66,531
-1,076
| -2% | -$21.9K |
|
3631
Globant
GLOB
$1.64B
| $1.45M | ﹤0.01% |
25,264
+3,148
| +14% | +$232K |
|
3632
Hillman Solutions
HLMN
$1.79B
| $1.45M | ﹤0.01% |
157,702
+16,773
| +12% | +$151K |
|
3633
Dimensional Global Credit ETF
DGCB
$1.08B
| $1.45M | ﹤0.01% |
26,093
+3,387
| +15% | +$185K |
|
3634
NOV
NOV
$7.08B
| $1.44M | ﹤0.01% |
108,980
+20,224
| +23% | +$261K |
|
3635
USA Compression Partners
USAC
$3.73B
| $1.44M | ﹤0.01% |
60,097
+5,276
| +10% | +$127K |
|
|
DOCT
3636
FT Vest US Equity Deep Buffer ETF October
DOCT
$388M
| $1.44M | ﹤0.01% |
33,369
+3,698
| +12% | +$156K |
|
|
DFSI
3637
Dimensional International Sustainability Core 1 ETF
DFSI
$1.19B
| $1.44M | ﹤0.01% |
35,199
+5,717
| +19% | +$229K |
|
3638
Fortuna Silver Mines
FSM
$3.05B
| $1.44M | ﹤0.01% |
160,803
+30,443
| +23% | +$222K |
|
3639
First Financial Bancorp
FFBC
$3.54B
| $1.44M | ﹤0.01% |
57,055
+1,482
| +3% | +$37.6K |
|
3640
RPAR Risk Parity ETF
RPAR
$580M
| $1.44M | ﹤0.01% |
68,297
+53,169
| +351% | +$1.08M |
|
|
NGD
3641
DELISTED
New Gold Inc
NGD
| $1.44M | ﹤0.01% |
200,386
+57,572
| +40% | +$312K |
|
3642
Darling Ingredients
DAR
$9.47B
| $1.44M | ﹤0.01% |
46,520
+2,815
| +6% | +$94K |
|
3643
Graham Corp
GHM
$1.22B
| $1.44M | ﹤0.01% |
26,147
-6,908
| -21% | -$354K |
|
|
EIM
3644
Eaton Vance Municipal Bond Fund
EIM
$498M
| $1.43M | ﹤0.01% |
144,218
-1,212
| -0.8% | -$11.8K |
|
3645
Fidelity International High Dividend ETF
FIDI
$363M
| $1.43M | ﹤0.01% |
58,463
+7,228
| +14% | +$174K |
|
3646
10x Genomics
TXG
$5.84B
| $1.43M | ﹤0.01% |
122,220
+75,275
| +160% | +$981K |
|
3647
First Trust Dorsey Wright Momentum & Value ETF
DVLU
$47.9M
| $1.43M | ﹤0.01% |
42,470
-4,490
| -10% | -$139K |
|
3648
Intapp
INTA
$2.93B
| $1.43M | ﹤0.01% |
34,846
+2,461
| +8% | +$106K |
|
3649
Dorchester Minerals
DMLP
$1.25B
| $1.41M | ﹤0.01% |
54,652
-9,158
| -14% | -$239K |
|
3650
Aegon
AEG
$14.1B
| $1.41M | ﹤0.01% |
176,916
+30,156
| +21% | +$225K |
|
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.