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 | |
|---|---|---|---|---|---|---|
|
OPPJ
3826
WisdomTree Trust WisdomTree Japan Opportunities Fund
OPPJ
$284M
| $1.2M | ﹤0.01% |
28,814
+18,988
| +193% | +$742K |
|
3827
BNY Mellon Ultra Short Income ETF
BKUI
$581M
| $1.2M | ﹤0.01% |
23,966
+10,190
| +74% | +$508K |
|
3828
DoubleLine Opportunistic Bond ETF
DBND
$742M
| $1.2M | ﹤0.01% |
25,691
+2,494
| +11% | +$115K |
|
|
BYM
3829
DELISTED
BlackRock Municipal Income Quality Trust
BYM
| $1.19M | ﹤0.01% |
108,954
-3,190
| -3% | -$33.8K |
|
3830
Hancock Whitney
HWC
$6.24B
| $1.19M | ﹤0.01% |
19,045
-599
| -3% | -$36.7K |
|
3831
Harley-Davidson
HOG
$2.71B
| $1.19M | ﹤0.01% |
42,667
-2,547
| -6% | -$68.4K |
|
3832
Fulton Financial
FULT
$4.64B
| $1.19M | ﹤0.01% |
63,672
+32,601
| +105% | +$617K |
|
3833
New York Times
NYT
$10.2B
| $1.19M | ﹤0.01% |
20,654
+8,917
| +76% | +$509K |
|
|
SERV
3834
Serve Robotics
SERV
$432M
| $1.18M | ﹤0.01% |
101,782
+35,493
| +54% | +$389K |
|
3835
Global X Emerging Markets Great Consumer ETF
EMC
$56.5M
| $1.18M | ﹤0.01% |
37,959
-1,028
| -3% | -$30.7K |
|
3836
Perrigo
PRGO
$1.78B
| $1.18M | ﹤0.01% |
53,093
-1,330
| -2% | -$32.5K |
|
3837
PUT
Oracle
ORCL
$423B
| $1.18M | ﹤0.01% |
+4,200
| New | +$1.07M |
|
|
JUNM
3838
FT Vest U.S. Equity Max Buffer ETF - June
JUNM
$67.2M
| $1.18M | ﹤0.01% |
34,858
+6,598
| +23% | +$221K |
|
3839
Cabot Corp
CBT
$4.52B
| $1.18M | ﹤0.01% |
15,481
+1,153
| +8% | +$89.9K |
|
3840
Innovative Solutions & Support
ISSC
$361M
| $1.18M | ﹤0.01% |
94,166
+14,541
| +18% | +$203K |
|
3841
iShares Genomics Immunology and Healthcare ETF
IDNA
$205M
| $1.17M | ﹤0.01% |
49,757
+3,224
| +7% | +$71.3K |
|
|
CPSD
3842
Calamos S&P 500 Structured Alt Protection ETF - December
CPSD
$45.8M
| $1.17M | ﹤0.01% |
45,990
-5,207
| -10% | -$131K |
|
3843
Compañía de Minas Buenaventura
BVN
$8.67B
| $1.17M | ﹤0.01% |
+48,266
| New | +$905K |
|
3844
Harrow
HROW
$1.51B
| $1.17M | ﹤0.01% |
24,337
+1,215
| +5% | +$45.8K |
|
3845
Middleby
MIDD
$6.08B
| $1.17M | ﹤0.01% |
8,820
+930
| +12% | +$129K |
|
3846
Evertec
EVTC
$1.78B
| $1.17M | ﹤0.01% |
34,697
+6,613
| +24% | +$231K |
|
3847
WillScot Mobile Mini Holdings
WSC
$4.41B
| $1.17M | ﹤0.01% |
55,429
+39,469
| +247% | +$1.02M |
|
3848
Erie Indemnity
ERIE
$13.2B
| $1.17M | ﹤0.01% |
3,676
+867
| +31% | +$299K |
|
3849
Compass
COMP
$9.4B
| $1.17M | ﹤0.01% |
145,627
+60,676
| +71% | +$492K |
|
3850
Advance Auto Parts
AAP
$3.49B
| $1.17M | ﹤0.01% |
19,030
-3,547
| -16% | -$210K |
|
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.