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 | |
|---|---|---|---|---|---|---|
|
PAI
3851
Western Asset Investment Grade Income Fund
PAI
$114M
| $1.17M | ﹤0.01% |
91,052
+32,605
| +56% | +$417K |
|
3852
Amplify Cash Flow Dividend Leaders ETF
COWS
$41.4M
| $1.16M | ﹤0.01% |
36,470
+822
| +2% | +$25.6K |
|
3853
PUT
Vanguard S&P 500 ETF
VOO
$1.01T
| $1.16M | ﹤0.01% |
1,900
+900
| +90% | +$530K |
|
3854
Vicor
VICR
$10.2B
| $1.16M | ﹤0.01% |
23,393
+6,696
| +40% | +$326K |
|
3855
Blue Bird Corp
BLBD
$2.18B
| $1.16M | ﹤0.01% |
20,185
-10,146
| -33% | -$529K |
|
3856
Grocery Outlet
GO
$980M
| $1.16M | ﹤0.01% |
+72,270
| New | +$1.15M |
|
|
SPNS
3857
DELISTED
Sapiens International
SPNS
| $1.16M | ﹤0.01% |
26,973
-46,136
| -63% | -$1.68M |
|
3858
Robert Half
RHI
$4.37B
| $1.16M | ﹤0.01% |
34,103
+4,511
| +15% | +$169K |
|
|
SOFR
3859
Amplify Samsung SOFR ETF
SOFR
$452M
| $1.16M | ﹤0.01% |
11,566
+4,471
| +63% | +$449K |
|
3860
Ducommun
DCO
$2.98B
| $1.16M | ﹤0.01% |
12,044
-36,698
| -75% | -$3.32M |
|
3861
Stantec
STN
$8.39B
| $1.16M | ﹤0.01% |
10,718
-168
| -2% | -$18.4K |
|
3862
Consolidated Water Co
CWCO
$488M
| $1.15M | ﹤0.01% |
32,634
+10,419
| +47% | +$332K |
|
|
SZNE
3863
DELISTED
Pacer CFRA-Stoval Equal Weight Seasonal Rotation ETF
SZNE
| $1.15M | ﹤0.01% |
33,670
-18,094
| -35% | -$624K |
|
3864
The 3D Printing ETF
PRNT
$65M
| $1.15M | ﹤0.01% |
49,443
-361
| -0.7% | -$8.07K |
|
3865
Petrobras Class A
PBR.A
$103B
| $1.15M | ﹤0.01% |
97,113
+28,308
| +41% | +$327K |
|
3866
Paymentus
PAY
$4.86B
| $1.15M | ﹤0.01% |
+37,503
| New | +$1.24M |
|
|
MCW
3867
DELISTED
Mister Car Wash
MCW
| $1.15M | ﹤0.01% |
215,287
+202,337
| +1,562% | +$1.19M |
|
3868
VSE Corp
VSEC
$6.12B
| $1.15M | ﹤0.01% |
6,899
+864
| +14% | +$132K |
|
3869
Franklin Electric
FELE
$4.84B
| $1.15M | ﹤0.01% |
12,043
+3,415
| +40% | +$323K |
|
3870
AZZ Inc
AZZ
$4.54B
| $1.15M | ﹤0.01% |
10,492
-817
| -7% | -$90.7K |
|
3871
iShares MSCI Indonesia ETF
EIDO
$501M
| $1.14M | ﹤0.01% |
65,156
-71,463
| -52% | -$1.27M |
|
3872
Cardlytics
CDLX
$21.5M
| $1.14M | ﹤0.01% |
47,012
-57,854
| -55% | -$964K |
|
3873
Knowles
KN
$3.34B
| $1.14M | ﹤0.01% |
48,968
-1,522
| -3% | -$31.2K |
|
3874
Innovator US Equity Ultra Buffer ETF June
UJUN
$188M
| $1.14M | ﹤0.01% |
31,093
+1,627
| +6% | +$58.8K |
|
3875
Schwab 1-5 Year Corporate Bond ETF
SCHJ
$848M
| $1.14M | ﹤0.01% |
45,668
-10,558
| -19% | -$262K |
|
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.