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 | |
|---|---|---|---|---|---|---|
|
MVF
3651
DELISTED
BlackRock MuniVest Fund
MVF
| $1.53M | ﹤0.01% |
220,352
+6,044
| +3% | +$42K |
|
3652
Frontline
FRO
$8.44B
| $1.53M | ﹤0.01% |
69,922
-662
| -0.9% | -$15.5K |
|
3653
Aptus Large Cap Enhanced Yield ETF
DUBS
$411M
| $1.53M | ﹤0.01% |
40,495
-22,869
| -36% | -$852K |
|
3654
Tecnoglass Holdings Inc.
TGLS
$1.89B
| $1.53M | ﹤0.01% |
30,314
+1,497
| +5% | +$81.7K |
|
3655
Nuveen Municipal Credit Opportunities Fund
NMCO
$584M
| $1.52M | ﹤0.01% |
148,923
+7,169
| +5% | +$76.7K |
|
3656
Greif
GEF
$4.98B
| $1.52M | ﹤0.01% |
22,484
+4,620
| +26% | +$289K |
|
3657
NexGen Energy
NXE
$7.05B
| $1.51M | ﹤0.01% |
164,283
+21,480
| +15% | +$190K |
|
3658
Harrow
HROW
$1.44B
| $1.51M | ﹤0.01% |
30,833
+6,496
| +27% | +$273K |
|
|
GOOD
3659
Gladstone Commercial Corp
GOOD
$624M
| $1.51M | ﹤0.01% |
141,395
+17,187
| +14% | +$191K |
|
3660
Innovator US Equity Buffer ETF March
BMAR
$255M
| $1.51M | ﹤0.01% |
28,416
-2,017
| -7% | -$105K |
|
|
EFXT
3661
Enerflex
EFXT
$2.54B
| $1.51M | ﹤0.01% |
+97,648
| New | +$1.3M |
|
3662
BorgWarner
BWA
$14.1B
| $1.5M | ﹤0.01% |
33,393
-2,238
| -6% | -$98K |
|
3663
DNOW Inc
DNOW
$3.02B
| $1.5M | ﹤0.01% |
112,975
+22,798
| +25% | +$320K |
|
3664
Invesco MSCI Sustainable Future ETF
ERTH
$136M
| $1.49M | ﹤0.01% |
31,665
-858
| -3% | -$40.8K |
|
3665
Invesco Dorsey Wright Emerging Markets Momentum ETF
PIE
$244M
| $1.49M | ﹤0.01% |
63,140
-5,472
| -8% | -$132K |
|
|
ACVU
3666
Hartford Alpha Capture Value ETF
ACVU
$184M
| $1.49M | ﹤0.01% |
54,459
-6,600
| -11% | -$179K |
|
3667
Innovator US Equity Buffer ETF February
BFEB
$258M
| $1.49M | ﹤0.01% |
30,603
-609
| -2% | -$29.1K |
|
3668
Fidelity International High Dividend ETF
FIDI
$363M
| $1.49M | ﹤0.01% |
57,414
-1,049
| -2% | -$26.3K |
|
3669
York Water
YORW
$526M
| $1.49M | ﹤0.01% |
46,692
+5,636
| +14% | +$180K |
|
3670
RPAR Risk Parity ETF
RPAR
$582M
| $1.49M | ﹤0.01% |
69,282
+985
| +1% | +$21.2K |
|
|
TIGR
3671
UP Fintech Holding
TIGR
$847M
| $1.49M | ﹤0.01% |
155,447
+14,142
| +10% | +$135K |
|
3672
Sinclair Inc
SBGI
$963M
| $1.49M | ﹤0.01% |
97,105
+3,885
| +4% | +$57.7K |
|
3673
Arlo Technologies
ARLO
$1.59B
| $1.48M | ﹤0.01% |
106,147
+34,087
| +47% | +$536K |
|
3674
AllianzIM U.S. Equity Buffer10 Aug ETF
AUGT
$32.3M
| $1.48M | ﹤0.01% |
41,641
-5,326
| -11% | -$187K |
|
3675
BGC Group
BGC
$4.83B
| $1.48M | ﹤0.01% |
166,149
-15,374
| -8% | -$138K |
|
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.