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 | |
|---|---|---|---|---|---|---|
3676
PUT
Tesla
TSLA
$1.29T
| $1.38M | ﹤0.01% |
3,100
+300
| +11% | +$104K |
|
|
SLNZ
3677
TCW Senior Loan ETF
SLNZ
$222M
| $1.38M | ﹤0.01% |
29,297
+1,507
| +5% | +$70.9K |
|
|
MFM
3678
Aberdeen Municipal Income Fund
MFM
$225M
| $1.38M | ﹤0.01% |
255,562
+25,228
| +11% | +$131K |
|
3679
Humacyte
HUMA
$195M
| $1.38M | ﹤0.01% |
790,757
+65,957
| +9% | +$129K |
|
3680
DNOW Inc
DNOW
$3.04B
| $1.38M | ﹤0.01% |
90,177
-64,708
| -42% | -$977K |
|
3681
KB Home
KBH
$3.6B
| $1.37M | ﹤0.01% |
21,604
+2,792
| +15% | +$169K |
|
3682
Innovator US Equity Ultra Buffer ETF February
UFEB
$241M
| $1.37M | ﹤0.01% |
38,343
-727
| -2% | -$25.5K |
|
|
BKCG
3683
BNY Mellon Concentrated Growth ETF
BKCG
$125M
| $1.37M | ﹤0.01% |
38,474
-4,228
| -10% | -$147K |
|
3684
Bitwise Crypto Industry Innovators ETF
BITQ
$380M
| $1.37M | ﹤0.01% |
54,658
-431
| -0.8% | -$9.14K |
|
3685
US Physical Therapy
USPH
$1.21B
| $1.37M | ﹤0.01% |
16,130
+3,562
| +28% | +$285K |
|
3686
Climb Global Solutions
CLMB
$512M
| $1.37M | ﹤0.01% |
40,588
+4,016
| +11% | +$119K |
|
3687
Liberty Media Series A
FWONA
$23.6B
| $1.37M | ﹤0.01% |
14,361
+3,711
| +35% | +$339K |
|
3688
Cogent Communications
CCOI
$463M
| $1.37M | ﹤0.01% |
35,626
-23,698
| -40% | -$989K |
|
3689
Vontier
VNT
$4.97B
| $1.37M | ﹤0.01% |
32,538
+4,729
| +17% | +$195K |
|
3690
TTM Technologies
TTMI
$14.5B
| $1.36M | ﹤0.01% |
23,654
-4,465
| -16% | -$208K |
|
3691
Boston Beer
SAM
$1.92B
| $1.36M | ﹤0.01% |
6,440
+1,817
| +39% | +$387K |
|
3692
Innovator International Developed Power Buffer ETF January
IJAN
$263M
| $1.36M | ﹤0.01% |
38,620
-1,959
| -5% | -$67.8K |
|
|
BSL
3693
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$170M
| $1.36M | ﹤0.01% |
96,636
+17,020
| +21% | +$242K |
|
3694
WisdomTree
WT
$3.25B
| $1.36M | ﹤0.01% |
97,728
+22,773
| +30% | +$304K |
|
3695
PUT
Alibaba
BABA
$308B
| $1.36M | ﹤0.01% |
7,600
-1,900
| -20% | -$249K |
|
3696
Extreme Networks
EXTR
$3.19B
| $1.36M | ﹤0.01% |
65,764
+20,995
| +47% | +$417K |
|
3697
Ambarella
AMBA
$3.86B
| $1.36M | ﹤0.01% |
16,454
-1,097
| -6% | -$79.7K |
|
3698
AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF
SIXP
$44.6M
| $1.36M | ﹤0.01% |
44,029
+28,846
| +190% | +$866K |
|
3699
Direxion Daily Technology Bull 3x ETF
TECL
$6.14B
| $1.36M | ﹤0.01% |
10,902
+532
| +5% | +$55.9K |
|
3700
Millicom
TIGO
$16.3B
| $1.36M | ﹤0.01% |
27,933
+16,168
| +137% | +$710K |
|
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.