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 | |
|---|---|---|---|---|---|---|
3626
BlackRock MuniYield New York Quality Fund
MYN
$376M
| $1.56M | ﹤0.01% |
156,992
-1,154
| -0.7% | -$11.6K |
|
3627
HCI Group
HCI
$2.3B
| $1.55M | ﹤0.01% |
8,092
-211
| -3% | -$39.7K |
|
3628
CALL
JD.com
JD
$43.1B
| $1.55M | ﹤0.01% |
54,000
+44,700
| +481% | +$1.4M |
|
3629
JPMorgan BetaBuilders MSCI US REIT ETF
BBRE
$1.25B
| $1.55M | ﹤0.01% |
16,737
+1,986
| +13% | +$187K |
|
|
BKCG
3630
BNY Mellon Concentrated Growth ETF
BKCG
$124M
| $1.55M | ﹤0.01% |
42,536
+4,062
| +11% | +$146K |
|
|
MICC
3631
The Magnum Ice Cream Company N.V.
MICC
$11.9B
| $1.55M | ﹤0.01% |
+97,710
| New | +$1.53M |
|
3632
Pediatrix Medical
MD
$2.14B
| $1.55M | ﹤0.01% |
72,373
-16,129
| -18% | -$331K |
|
3633
Motley Fool Global Opportunities ETF
TMFG
$362M
| $1.55M | ﹤0.01% |
51,317
-8,162
| -14% | -$245K |
|
3634
Hagerty
HGTY
$1.32B
| $1.55M | ﹤0.01% |
115,039
+3,321
| +3% | +$41.5K |
|
3635
Beam Therapeutics
BEAM
$2.79B
| $1.54M | ﹤0.01% |
55,619
+11,872
| +27% | +$303K |
|
|
CPRX
3636
DELISTED
Catalyst Pharmaceutical
CPRX
| $1.54M | ﹤0.01% |
66,050
+1,568
| +2% | +$34.9K |
|
|
ETH
3637
Grayscale Ethereum Staking Mini ETF Shares
ETH
$1.7B
| $1.54M | ﹤0.01% |
54,937
+16,270
| +42% | +$530K |
|
3638
FlexShares STOXX Global Broad Infrastructure Index Fund
NFRA
$3.01B
| $1.54M | ﹤0.01% |
25,458
-910
| -3% | -$56.9K |
|
3639
Agilysys
AGYS
$3.06B
| $1.54M | ﹤0.01% |
12,930
+1,024
| +9% | +$123K |
|
3640
BNY Mellon Ultra Short Income ETF
BKUI
$581M
| $1.54M | ﹤0.01% |
30,879
+6,913
| +29% | +$345K |
|
|
HPF
3641
John Hancock Preferred Income Fund II
HPF
$345M
| $1.54M | ﹤0.01% |
95,557
+17,847
| +23% | +$294K |
|
|
EOT
3642
Eaton Vance National Municipal Opportunities Trust
EOT
$272M
| $1.53M | ﹤0.01% |
90,741
-5,206
| -5% | -$87K |
|
|
CIM
3643
Chimera Investment
CIM
$1B
| $1.53M | ﹤0.01% |
123,385
+10,207
| +9% | +$130K |
|
3644
USA Compression Partners
USAC
$3.76B
| $1.53M | ﹤0.01% |
66,646
+6,549
| +11% | +$154K |
|
3645
Celcuity
CELC
$4.37B
| $1.53M | ﹤0.01% |
15,356
+1,668
| +12% | +$137K |
|
3646
Wendy's
WEN
$1.41B
| $1.53M | ﹤0.01% |
183,633
-2,127
| -1% | -$18.4K |
|
3647
Sphere Entertainment
SPHR
$5.9B
| $1.53M | ﹤0.01% |
16,087
+1,782
| +12% | +$136K |
|
3648
First Trust Eurozone AlphaDEX
FEUZ
$134M
| $1.53M | ﹤0.01% |
24,911
+3,880
| +18% | +$230K |
|
|
DHY
3649
Credit Suisse High Yield Credit Fund
DHY
$242M
| $1.53M | ﹤0.01% |
764,106
-44,994
| -6% | -$92.1K |
|
3650
First Financial Bancorp
FFBC
$3.57B
| $1.53M | ﹤0.01% |
61,076
+4,021
| +7% | +$100K |
|
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.