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 | |
|---|---|---|---|---|---|---|
3801
Pacer Swan SOS Moderate April ETF
PSMR
$91.4M
| $1.31M | ﹤0.01% |
43,935
+927
| +2% | +$27.3K |
|
|
OTF
3802
Blue Owl Technology Finance Corp
OTF
$5.31B
| $1.31M | ﹤0.01% |
+89,942
| New | +$1.26M |
|
|
FIXT
3803
TCW Core Plus Bond ETF
FIXT
$226M
| $1.31M | ﹤0.01% |
34,172
+5,334
| +18% | +$206K |
|
3804
Innovator US Equity Ultra Buffer ETF July
UJUL
$297M
| $1.3M | ﹤0.01% |
33,675
-227
| -0.7% | -$8.71K |
|
3805
PUT
Truist Financial
TFC
$63.5B
| $1.3M | ﹤0.01% |
26,500
-10,000
| -27% | -$461K |
|
3806
Universal Corp
UVV
$1.17B
| $1.3M | ﹤0.01% |
24,709
+1,429
| +6% | +$75.9K |
|
3807
WisdomTree Emerging Markets Efficient Core Fund
NTSE
$54.9M
| $1.3M | ﹤0.01% |
34,520
+687
| +2% | +$25.7K |
|
|
FLG
3808
Flagstar Bank National Association
FLG
$5.8B
| $1.3M | ﹤0.01% |
103,232
-67,968
| -40% | -$813K |
|
3809
Napco Security Technologies
NSSC
$1.43B
| $1.3M | ﹤0.01% |
31,124
-11,324
| -27% | -$476K |
|
|
DMB
3810
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$195M
| $1.3M | ﹤0.01% |
117,978
-11,696
| -9% | -$125K |
|
|
JBS
3811
JBS N.V.
JBS
$43.2B
| $1.3M | ﹤0.01% |
89,855
+69,363
| +338% | +$953K |
|
3812
3D Systems Corp
DDD
$630M
| $1.3M | ﹤0.01% |
731,857
-6,887
| -0.9% | -$16.8K |
|
3813
Palomar
PLMR
$3.46B
| $1.29M | ﹤0.01% |
9,596
-2,403
| -20% | -$293K |
|
3814
Seadrill
SDRL
$2.89B
| $1.29M | ﹤0.01% |
37,331
-91,261
| -71% | -$2.84M |
|
3815
Resideo Technologies
REZI
$3.64B
| $1.29M | ﹤0.01% |
36,756
+1,111
| +3% | +$41.1K |
|
3816
Inspire Medical Systems
INSP
$1.75B
| $1.29M | ﹤0.01% |
13,992
+2,797
| +25% | +$268K |
|
3817
JPMorgan Short Duration Core Plus ETF
JSCP
$1.76B
| $1.29M | ﹤0.01% |
27,031
+12,315
| +84% | +$586K |
|
3818
GeneDx Holdings
WGS
$2.39B
| $1.28M | ﹤0.01% |
9,859
+1,083
| +12% | +$149K |
|
|
RWT
3819
Redwood Trust
RWT
$587M
| $1.28M | ﹤0.01% |
231,378
-58,672
| -20% | -$322K |
|
3820
CALL
Apple
AAPL
$4.48T
| $1.28M | ﹤0.01% |
4,700
-600
| -11% | -$161K |
|
3821
Simpson Manufacturing
SSD
$8.07B
| $1.28M | ﹤0.01% |
7,909
-1,299
| -14% | -$220K |
|
3822
iShares International Developed Real Estate ETF
IFGL
$82.2M
| $1.28M | ﹤0.01% |
55,257
-675
| -1% | -$15.5K |
|
|
GAM
3823
General American Investors Company
GAM
$1.62B
| $1.27M | ﹤0.01% |
21,699
-3,193
| -13% | -$194K |
|
3824
ProShares Pet Care ETF
PAWZ
$34M
| $1.27M | ﹤0.01% |
23,235
-652
| -3% | -$35.8K |
|
3825
Ranger Energy Services
RNGR
$396M
| $1.27M | ﹤0.01% |
90,845
-5,000
| -5% | -$67.9K |
|
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.