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 | |
|---|---|---|---|---|---|---|
|
KIO
3751
KKR Income Opportunities Fund
KIO
$459M
| $1.37M | ﹤0.01% |
118,572
-24,779
| -17% | -$293K |
|
3752
Clear Secure
YOU
$5.15B
| $1.37M | ﹤0.01% |
39,171
-5,608
| -13% | -$191K |
|
3753
Dorchester Minerals
DMLP
$1.31B
| $1.37M | ﹤0.01% |
61,435
+6,783
| +12% | +$159K |
|
3754
Carlyle Secured Lending
CGBD
$775M
| $1.37M | ﹤0.01% |
109,901
+5,279
| +5% | +$65.7K |
|
|
VNET
3755
VNET Group
VNET
$2.12B
| $1.37M | ﹤0.01% |
161,802
+18,234
| +13% | +$169K |
|
3756
Kodiak Gas Services
KGS
$6.25B
| $1.37M | ﹤0.01% |
36,547
+6,417
| +21% | +$227K |
|
3757
Amplify Cash Flow Dividend Leaders ETF
COWS
$42.3M
| $1.36M | ﹤0.01% |
40,911
+4,441
| +12% | +$144K |
|
|
GOOS
3758
Canada Goose Holdings
GOOS
$861M
| $1.36M | ﹤0.01% |
105,083
-10,832
| -9% | -$144K |
|
3759
RingCentral
RNG
$5.38B
| $1.36M | ﹤0.01% |
47,075
+198
| +0.4% | +$5.64K |
|
3760
iShares iBonds Dec 2031 Term Treasury ETF
IBTL
$655M
| $1.36M | ﹤0.01% |
66,155
-18,644
| -22% | -$384K |
|
3761
Global X Genomics & Biotechnology ETF
GNOM
$87.2M
| $1.36M | ﹤0.01% |
29,871
-2,821
| -9% | -$125K |
|
3762
Match Group
MTCH
$8.55B
| $1.35M | ﹤0.01% |
41,906
+17,523
| +72% | +$576K |
|
3763
Galectin Therapeutics
GALT
$316M
| $1.35M | ﹤0.01% |
325,256
-35,012
| -10% | -$184K |
|
3764
WBI BullBear Quality 3000 ETF
WBIL
$31M
| $1.35M | ﹤0.01% |
38,895
-5,160
| -12% | -$180K |
|
3765
FT Vest International Equity Moderate Buffer ETF March
YMAR
$164M
| $1.35M | ﹤0.01% |
50,063
+3,068
| +7% | +$81.3K |
|
3766
Colterpoint Net Lease Real Estate ETF
NETL
$53.2M
| $1.35M | ﹤0.01% |
56,936
+6,346
| +13% | +$153K |
|
3767
Valvoline
VVV
$4.28B
| $1.35M | ﹤0.01% |
46,482
-1,106
| -2% | -$35.5K |
|
3768
Innovator S&P Investment Grade Preferred ETF
EPRF
$68.2M
| $1.35M | ﹤0.01% |
76,789
-6,202
| -7% | -$111K |
|
3769
Spire
SR
$4.8B
| $1.35M | ﹤0.01% |
16,308
+176
| +1% | +$15K |
|
3770
Capricor Therapeutics
CAPR
$219M
| $1.34M | ﹤0.01% |
46,601
+3,900
| +9% | +$50.9K |
|
3771
InfraCap REIT Preferred ETF
PFFR
$121M
| $1.34M | ﹤0.01% |
74,618
+5,532
| +8% | +$101K |
|
3772
BellRing Brands
BRBR
$1.34B
| $1.34M | ﹤0.01% |
50,280
-77,870
| -61% | -$2.42M |
|
3773
WisdomTree
WT
$3.37B
| $1.34M | ﹤0.01% |
110,191
+12,463
| +13% | +$151K |
|
|
BA.PRA
3774
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$8.31B
| $1.34M | ﹤0.01% |
19,446
+6,236
| +47% | +$417K |
|
3775
Coca-Cola Femsa
KOF
$22.7B
| $1.34M | ﹤0.01% |
14,176
-2,097
| -13% | -$185K |
|
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.