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 | |
|---|---|---|---|---|---|---|
3851
Liberty Media Series A
FWONA
$23.5B
| $1.24M | ﹤0.01% |
13,829
-532
| -4% | -$47.7K |
|
3852
PIMCO RAFI Dynamic Multi-Factor US Equity ETF
MFUS
$301M
| $1.24M | ﹤0.01% |
21,816
+1,608
| +8% | +$90.3K |
|
|
ONC
3853
BeOne Medicines Ltd
ONC
$40.6B
| $1.23M | ﹤0.01% |
4,065
+529
| +15% | +$173K |
|
|
JUNM
3854
FT Vest U.S. Equity Max Buffer ETF - June
JUNM
$67.2M
| $1.23M | ﹤0.01% |
36,004
+1,146
| +3% | +$39K |
|
3855
Commault Systems
CVLT
$5.78B
| $1.23M | ﹤0.01% |
9,823
-3,063
| -24% | -$431K |
|
3856
Morgan Stanley Direct Lending Fund
MSDL
$1.28B
| $1.23M | ﹤0.01% |
74,641
-46,059
| -38% | -$779K |
|
|
XHR
3857
Xenia Hotels & Resorts
XHR
$1.74B
| $1.23M | ﹤0.01% |
86,928
-1,333
| -2% | -$18.2K |
|
3858
Triple Flag Precious Metals
TFPM
$6.59B
| $1.23M | ﹤0.01% |
36,997
-1,471
| -4% | -$46K |
|
3859
Schwab 1-5 Year Corporate Bond ETF
SCHJ
$847M
| $1.23M | ﹤0.01% |
49,340
+3,672
| +8% | +$91.5K |
|
3860
Innovator Buffer Step-Up Strategy ETF
BSTP
$61.3M
| $1.23M | ﹤0.01% |
33,072
-3,293
| -9% | -$121K |
|
3861
Hillman Solutions
HLMN
$1.77B
| $1.23M | ﹤0.01% |
141,743
-15,959
| -10% | -$144K |
|
3862
Digi International
DGII
$3.14B
| $1.23M | ﹤0.01% |
28,343
+4,373
| +18% | +$175K |
|
3863
monday.com
MNDY
$3.75B
| $1.23M | ﹤0.01% |
8,310
-4,035
| -33% | -$680K |
|
3864
Towne Bank
TOWN
$3.4B
| $1.22M | ﹤0.01% |
36,624
-2,405
| -6% | -$81K |
|
3865
WSFS Financial
WSFS
$4.12B
| $1.22M | ﹤0.01% |
22,104
-343
| -2% | -$18.8K |
|
3866
Invesco NASDAQ Biotechnology ETF
IBBQ
$80.8M
| $1.22M | ﹤0.01% |
+42,977
| New | +$1.17M |
|
|
OPP
3867
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
$192M
| $1.22M | ﹤0.01% |
153,419
-2,783
| -2% | -$22.5K |
|
|
BLSH
3868
Bullish
BLSH
$3.72B
| $1.22M | ﹤0.01% |
32,200
+12,270
| +62% | +$598K |
|
3869
Cirrus Logic
CRUS
$6.11B
| $1.22M | ﹤0.01% |
10,282
-3,185
| -24% | -$392K |
|
3870
Organon & Co
OGN
$3.58B
| $1.22M | ﹤0.01% |
169,860
-36,968
| -18% | -$292K |
|
3871
COPT Defense Properties
CDP
$4.14B
| $1.22M | ﹤0.01% |
43,742
-215
| -0.5% | -$6.2K |
|
3872
WisdomTree Bloomberg US Dollar Bullish Fund
USDU
$457M
| $1.22M | ﹤0.01% |
47,117
+34,032
| +260% | +$911K |
|
|
EDGH
3873
3EDGE Dynamic Hard Assets ETF
EDGH
$135M
| $1.21M | ﹤0.01% |
39,889
-14,073
| -26% | -$420K |
|
|
KW
3874
DELISTED
Kennedy-Wilson Holdings
KW
| $1.21M | ﹤0.01% |
125,436
+26,928
| +27% | +$241K |
|
3875
PUT
Broadcom
AVGO
$2.01T
| $1.21M | ﹤0.01% |
3,500
-300
| -8% | -$107K |
|
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.