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 | |
|---|---|---|---|---|---|---|
3776
Amplify BlackSwan Growth & Treasure Core ETF
SWAN
$161M
| $1.26M | ﹤0.01% |
39,205
-20
| -0.1% | -$626 |
|
3777
Certara
CERT
$1.26B
| $1.26M | ﹤0.01% |
103,035
-20,083
| -16% | -$220K |
|
3778
Applied Finance Valuation Large Cap ETF
VSLU
$568M
| $1.26M | ﹤0.01% |
29,453
+18,323
| +165% | +$751K |
|
3779
JFrog
FROG
$10.7B
| $1.26M | ﹤0.01% |
26,537
-8,335
| -24% | -$377K |
|
3780
Pacer Swan SOS Moderate April ETF
PSMR
$91.4M
| $1.25M | ﹤0.01% |
43,008
-13,698
| -24% | -$395K |
|
3781
PUT
Broadcom
AVGO
$2.02T
| $1.25M | ﹤0.01% |
+3,800
| New | +$1.17M |
|
3782
Agilysys
AGYS
$3.05B
| $1.25M | ﹤0.01% |
11,906
+685
| +6% | +$75.8K |
|
|
EDF
3783
Virtus Stone Harbor Emerging Markets Income Fund
EDF
$172M
| $1.25M | ﹤0.01% |
247,994
-11,587
| -4% | -$58.9K |
|
3784
Banco Bradesco
BBD
$36.8B
| $1.25M | ﹤0.01% |
370,122
-49,169
| -12% | -$148K |
|
3785
York Water
YORW
$513M
| $1.25M | ﹤0.01% |
41,056
-1,386
| -3% | -$43K |
|
3786
Colterpoint Net Lease Real Estate ETF
NETL
$54.4M
| $1.25M | ﹤0.01% |
50,590
+3,505
| +7% | +$85.9K |
|
3787
BlackRock TCP Capital
TCPC
$346M
| $1.25M | ﹤0.01% |
200,995
-11,994
| -6% | -$86.1K |
|
|
AAMI
3788
Acadian Asset Management
AAMI
$3.2B
| $1.25M | ﹤0.01% |
25,872
-146
| -0.6% | -$6.51K |
|
|
GXDW
3789
Global X Funds Global X Dorsey Wright Thematic ETF
GXDW
$6.3M
| $1.25M | ﹤0.01% |
45,305
-289
| -0.6% | -$7.63K |
|
|
FDIQ
3790
Invesco Bloomberg Financial Data Providers ETF
FDIQ
$50.6M
| $1.24M | ﹤0.01% |
20,506
-6,455
| -24% | -$392K |
|
|
SAND
3791
DELISTED
Sandstorm Gold
SAND
| $1.24M | ﹤0.01% |
99,244
-6,532
| -6% | -$69.4K |
|
3792
Artesian Resources
ARTNA
$359M
| $1.24M | ﹤0.01% |
38,022
-705
| -2% | -$23.4K |
|
3793
First Trust Eurozone AlphaDEX
FEUZ
$137M
| $1.24M | ﹤0.01% |
21,031
+6,529
| +45% | +$374K |
|
|
MMU
3794
Western Asset Managed Municipals Fund
MMU
$552M
| $1.24M | ﹤0.01% |
119,543
+17,814
| +18% | +$179K |
|
3795
FT Vest International Equity Moderate Buffer ETF March
YMAR
$164M
| $1.23M | ﹤0.01% |
46,995
+3,150
| +7% | +$81.3K |
|
|
FPI
3796
Farmland Partners
FPI
$434M
| $1.23M | ﹤0.01% |
113,314
+25,453
| +29% | +$279K |
|
3797
Cambria Trinity ETF
TRTY
$145M
| $1.23M | ﹤0.01% |
44,283
-30
| -0.1% | -$810 |
|
|
LTC
3798
LTC Properties
LTC
$2.15B
| $1.23M | ﹤0.01% |
33,336
-20,561
| -38% | -$734K |
|
|
RSMC
3799
Rockefeller U.S. Small-Mid Cap ETF
RSMC
$791M
| $1.23M | ﹤0.01% |
+46,639
| New | +$1.22M |
|
3800
NextDecade
NEXT
$1.8B
| $1.23M | ﹤0.01% |
180,628
+68,515
| +61% | +$663K |
|
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.