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 | |
|---|---|---|---|---|---|---|
|
TEF
3701
DELISTED
Telefonica
TEF
| $1.35M | ﹤0.01% |
266,455
-845
| -0.3% | -$4.49K |
|
|
ESUM
3702
Eventide US Market ETF
ESUM
$190M
| $1.35M | ﹤0.01% |
+49,789
| New | +$1.33M |
|
|
GLDD
3703
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.35M | ﹤0.01% |
112,800
+53,806
| +91% | +$624K |
|
3704
Coca-Cola Femsa
KOF
$23.2B
| $1.35M | ﹤0.01% |
16,273
-2,208
| -12% | -$191K |
|
3705
SharkNinja
SN
$26.1B
| $1.35M | ﹤0.01% |
13,105
+4,263
| +48% | +$487K |
|
3706
Liberty Energy
LBRT
$3.28B
| $1.35M | ﹤0.01% |
109,511
+25,770
| +31% | +$298K |
|
3707
CALL
Apple
AAPL
$4.55T
| $1.35M | ﹤0.01% |
5,300
-1,300
| -20% | -$294K |
|
|
SBI
3708
Western Asset Intermediate Muni Fund
SBI
$108M
| $1.35M | ﹤0.01% |
170,590
+13,424
| +9% | +$103K |
|
3709
Towne Bank
TOWN
$3.43B
| $1.35M | ﹤0.01% |
39,029
+3,325
| +9% | +$119K |
|
3710
IQ Candriam US Large Cap Equity ETF
IQSU
$339M
| $1.35M | ﹤0.01% |
25,338
-332
| -1% | -$16.9K |
|
3711
PUT
Huntington Bancshares
HBAN
$35.2B
| $1.35M | ﹤0.01% |
+78,000
| New | +$1.33M |
|
3712
Ranger Energy Services
RNGR
$381M
| $1.35M | ﹤0.01% |
95,845
-2,000
| -2% | -$26.3K |
|
3713
Huron Consulting
HURN
$2.43B
| $1.35M | ﹤0.01% |
9,167
+2,387
| +35% | +$326K |
|
3714
Federal Agricultural Mortgage
AGM
$2.55B
| $1.35M | ﹤0.01% |
8,008
+578
| +8% | +$108K |
|
3715
Hagerty
HGTY
$1.4B
| $1.35M | ﹤0.01% |
111,718
-3,765
| -3% | -$41.7K |
|
3716
Principal Exchange-Traded Funds Principal Value ETF
PY
$239M
| $1.34M | ﹤0.01% |
25,592
-24,205
| -49% | -$1.24M |
|
3717
WBI BullBear Value 3000 ETF
WBIF
$23.4M
| $1.34M | ﹤0.01% |
43,100
-3,327
| -7% | -$99.3K |
|
3718
ProShares Pet Care ETF
PAWZ
$33.9M
| $1.34M | ﹤0.01% |
23,887
+67
| +0.3% | +$3.82K |
|
3719
Ituran Location and Control
ITRN
$1.05B
| $1.34M | ﹤0.01% |
37,445
+24,068
| +180% | +$909K |
|
3720
First Trust Latin America AlphaDEX Fund
FLN
$37.2M
| $1.34M | ﹤0.01% |
62,421
-682
| -1% | -$13.7K |
|
3721
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
$785M
| $1.33M | ﹤0.01% |
28,989
-8,259
| -22% | -$372K |
|
|
MCN
3722
Madison Covered Call & Equity Strategy Fund
MCN
$118M
| $1.33M | ﹤0.01% |
216,186
-30,131
| -12% | -$188K |
|
|
OPP
3723
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$192M
| $1.33M | ﹤0.01% |
156,202
+5,543
| +4% | +$47.7K |
|
|
PEO
3724
Adams Natural Resources Fund
PEO
$728M
| $1.33M | ﹤0.01% |
61,749
+17,782
| +40% | +$384K |
|
3725
RingCentral
RNG
$5.31B
| $1.33M | ﹤0.01% |
46,877
-1,179
| -2% | -$34.3K |
|
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.