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 | |
|---|---|---|---|---|---|---|
3776
Azenta
AZTA
$1.54B
| $1.34M | ﹤0.01% |
40,315
+1,075
| +3% | +$35.1K |
|
3777
Amplify BlackSwan Growth & Treasure Core ETF
SWAN
$161M
| $1.34M | ﹤0.01% |
41,287
+2,082
| +5% | +$67.9K |
|
3778
BlackRock Enhanced International Dividend Trust
BGY
$533M
| $1.34M | ﹤0.01% |
227,765
+65,449
| +40% | +$378K |
|
3779
eGain
EGAN
$203M
| $1.34M | ﹤0.01% |
+129,858
| New | +$1.55M |
|
|
IBDZ
3780
iShares iBonds Dec 2034 Term Corporate ETF
IBDZ
$864M
| $1.34M | ﹤0.01% |
50,638
+16,223
| +47% | +$429K |
|
3781
AMES National
ATLO
$275M
| $1.33M | ﹤0.01% |
57,975
+16,363
| +39% | +$352K |
|
3782
iShares US Small Cap Value Factor ETF
SVAL
$210M
| $1.33M | ﹤0.01% |
38,757
+4,865
| +14% | +$165K |
|
3783
VanEck International High Yield Bond ETF
IHY
$43.3M
| $1.33M | ﹤0.01% |
60,460
+2,647
| +5% | +$58.1K |
|
3784
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$144M
| $1.33M | ﹤0.01% |
120,031
+22,700
| +23% | +$257K |
|
|
TSSI
3785
TSS Inc
TSSI
$325M
| $1.33M | ﹤0.01% |
187,825
+73,607
| +64% | +$951K |
|
3786
Camtek
CAMT
$7.38B
| $1.32M | ﹤0.01% |
12,451
+2,610
| +27% | +$293K |
|
3787
Arvinas
ARVN
$588M
| $1.32M | ﹤0.01% |
111,239
-8,505
| -7% | -$92.9K |
|
3788
Universal Insurance Holdings
UVE
$1.21B
| $1.32M | ﹤0.01% |
+38,967
| New | +$1.24M |
|
3789
PUT
Snowflake
SNOW
$116B
| $1.32M | ﹤0.01% |
6,000
+3,000
| +100% | +$732K |
|
3790
Dropbox
DBX
$7.52B
| $1.32M | ﹤0.01% |
47,332
-1,665
| -3% | -$48.5K |
|
3791
Middlesex Water
MSEX
$1.09B
| $1.31M | ﹤0.01% |
26,072
-2,308
| -8% | -$124K |
|
|
BRSP
3792
BrightSpire Capital
BRSP
$620M
| $1.31M | ﹤0.01% |
234,729
+10,984
| +5% | +$60.4K |
|
3793
Global X Emerging Markets Bond ETF
EMBD
$249M
| $1.31M | ﹤0.01% |
54,733
+19,741
| +56% | +$473K |
|
3794
PUT
Micron Technology
MU
$972B
| $1.31M | ﹤0.01% |
4,600
+600
| +15% | +$138K |
|
3795
Vital Farms
VITL
$483M
| $1.31M | ﹤0.01% |
41,104
+4,719
| +13% | +$166K |
|
3796
Innovator US Equity Ultra Buffer ETF August
UAUG
$180M
| $1.31M | ﹤0.01% |
32,870
-2,545
| -7% | -$101K |
|
3797
Innovative Industrial Properties
IIPR
$1.66B
| $1.31M | ﹤0.01% |
27,705
-5,371
| -16% | -$278K |
|
3798
Thryv Holdings
THRY
$95.5M
| $1.31M | ﹤0.01% |
216,736
+75,080
| +53% | +$594K |
|
3799
State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
EEMX
$175M
| $1.31M | ﹤0.01% |
30,723
+90
| +0.3% | +$3.81K |
|
3800
Intuitive Machines
LUNR
$2.53B
| $1.31M | ﹤0.01% |
80,680
+22,448
| +39% | +$260K |
|
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.