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 | |
|---|---|---|---|---|---|---|
3701
Ameris Bancorp
ABCB
$5.9B
| $1.45M | ﹤0.01% |
19,517
+12,575
| +181% | +$936K |
|
3702
PUT
Walmart Inc
WMT
$895B
| $1.45M | ﹤0.01% |
13,000
+3,100
| +31% | +$333K |
|
3703
Ituran Location and Control
ITRN
$1.04B
| $1.45M | ﹤0.01% |
33,606
-3,839
| -10% | -$151K |
|
|
DAY
3704
DELISTED
Dayforce
DAY
| $1.45M | ﹤0.01% |
20,896
-25,723
| -55% | -$1.77M |
|
3705
WBI BullBear Yield 3000 ETF
WBIG
$32.4M
| $1.45M | ﹤0.01% |
61,623
-9,122
| -13% | -$214K |
|
|
BCV
3706
Bancroft Fund
BCV
$141M
| $1.44M | ﹤0.01% |
65,376
-1,155
| -2% | -$26.1K |
|
3707
First Watch Restaurant Group
FWRG
$735M
| $1.44M | ﹤0.01% |
95,538
+6,966
| +8% | +$117K |
|
3708
FB Financial Corp
FBK
$3.06B
| $1.44M | ﹤0.01% |
25,818
-2,288
| -8% | -$128K |
|
3709
Aptus International Enhanced Yield ETF
IDUB
$514M
| $1.44M | ﹤0.01% |
59,131
-30,731
| -34% | -$737K |
|
|
SOFR
3710
Amplify Samsung SOFR ETF
SOFR
$455M
| $1.44M | ﹤0.01% |
14,352
+2,786
| +24% | +$279K |
|
|
OXLC
3711
Oxford Lane Capital
OXLC
$913M
| $1.44M | ﹤0.01% |
98,192
-14,786
| -13% | -$221K |
|
3712
PUT
Riot Platforms
RIOT
$7.46B
| $1.44M | ﹤0.01% |
+113,400
| New | +$1.94M |
|
3713
Nuveen Arizona Quality Municipal Income Fund
NAZ
$160M
| $1.44M | ﹤0.01% |
120,906
+68,109
| +129% | +$814K |
|
3714
New York Times
NYT
$10.2B
| $1.44M | ﹤0.01% |
20,690
+36
| +0.2% | +$2.23K |
|
3715
AdvisorShares Dorsey Wright ADR ETF
AADR
$38.6M
| $1.43M | ﹤0.01% |
16,601
+2,673
| +19% | +$227K |
|
3716
Truth Social America First ETF
MAGA
$31.9M
| $1.43M | ﹤0.01% |
27,834
-805
| -3% | -$41.8K |
|
3717
Glaukos
GKOS
$10.7B
| $1.43M | ﹤0.01% |
12,656
+2,073
| +20% | +$198K |
|
|
HIO
3718
Western Asset High Income Opportunity Fund
HIO
$338M
| $1.43M | ﹤0.01% |
385,003
+105,685
| +38% | +$400K |
|
3719
Etsy
ETSY
$7.3B
| $1.43M | ﹤0.01% |
25,708
-1,261
| -5% | -$77K |
|
|
DHF
3720
BNY Mellon High Yield Strategies Fund
DHF
$173M
| $1.42M | ﹤0.01% |
573,835
+61,419
| +12% | +$156K |
|
3721
PUT
Oracle
ORCL
$417B
| $1.42M | ﹤0.01% |
7,300
+3,100
| +74% | +$738K |
|
3722
FT Vest US Equity Max Buffer ETF March
MARM
$108M
| $1.42M | ﹤0.01% |
43,007
-10
| -0% | -$328 |
|
3723
G-III Apparel Group
GIII
$1.46B
| $1.42M | ﹤0.01% |
49,054
-686
| -1% | -$19.6K |
|
3724
Innovator US Equity Ultra Buffer ETF February
UFEB
$241M
| $1.42M | ﹤0.01% |
38,606
+263
| +0.7% | +$9.51K |
|
3725
Tronox
TROX
$1.03B
| $1.42M | ﹤0.01% |
340,484
+109,089
| +47% | +$416K |
|
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.