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 | |
|---|---|---|---|---|---|---|
3876
DigitalOcean
DOCN
$14.6B
| $1.14M | ﹤0.01% |
33,297
+4,283
| +15% | +$136K |
|
3877
PIMCO RAFI Dynamic Multi-Factor US Equity ETF
MFUS
$301M
| $1.14M | ﹤0.01% |
20,208
+4,987
| +33% | +$272K |
|
3878
Mohawk Industries
MHK
$9.22B
| $1.14M | ﹤0.01% |
8,816
+863
| +11% | +$107K |
|
3879
iShares US Small Cap Value Factor ETF
SVAL
$209M
| $1.14M | ﹤0.01% |
33,892
+968
| +3% | +$31.8K |
|
3880
Mativ Holdings
MATV
$711M
| $1.13M | ﹤0.01% |
99,967
-6,379
| -6% | -$63.2K |
|
3881
Simmons First National
SFNC
$3.39B
| $1.13M | ﹤0.01% |
58,905
+28,659
| +95% | +$572K |
|
3882
Westamerica Bancorp
WABC
$1.37B
| $1.13M | ﹤0.01% |
22,561
+9,307
| +70% | +$461K |
|
3883
Azenta
AZTA
$1.48B
| $1.13M | ﹤0.01% |
39,240
-8,411
| -18% | -$261K |
|
3884
Triple Flag Precious Metals
TFPM
$6.72B
| $1.13M | ﹤0.01% |
38,468
+12,821
| +50% | +$331K |
|
3885
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$794M
| $1.12M | ﹤0.01% |
31,743
-3,571
| -10% | -$123K |
|
3886
Southwest Gas
SWX
$6.67B
| $1.12M | ﹤0.01% |
14,341
-62
| -0.4% | -$4.83K |
|
3887
Unusual Machines
UMAC
$1.3B
| $1.12M | ﹤0.01% |
+74,313
| New | +$783K |
|
3888
Northwest Natural Holdings
NWN
$2.12B
| $1.12M | ﹤0.01% |
24,966
+2,840
| +13% | +$118K |
|
3889
Seacoast Banking Corp of Florida
SBCF
$3.35B
| $1.12M | ﹤0.01% |
36,781
+9,760
| +36% | +$289K |
|
3890
NCR Atleos
NATL
$3.44B
| $1.12M | ﹤0.01% |
28,420
+5,218
| +22% | +$182K |
|
|
FIXT
3891
TCW Core Plus Bond ETF
FIXT
$226M
| $1.12M | ﹤0.01% |
28,838
-195
| -0.7% | -$7.46K |
|
3892
Kodiak Gas Services
KGS
$6.05B
| $1.11M | ﹤0.01% |
+30,130
| New | +$1.02M |
|
3893
T. Rowe Price Floating Rate ETF
TFLR
$676M
| $1.11M | ﹤0.01% |
21,608
-132
| -0.6% | -$6.81K |
|
3894
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF
QARP
$78.3M
| $1.11M | ﹤0.01% |
19,426
-736
| -4% | -$40.7K |
|
3895
Invesco DB Oil Fund
DBO
$366M
| $1.11M | ﹤0.01% |
82,294
-37,292
| -31% | -$508K |
|
3896
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$144M
| $1.11M | ﹤0.01% |
97,331
+8,317
| +9% | +$90.5K |
|
3897
Blackbaud
BLKB
$2.08B
| $1.11M | ﹤0.01% |
17,204
+790
| +5% | +$51.7K |
|
|
DOG
3898
ProShares Short Dow30
DOG
$97.3M
| $1.11M | ﹤0.01% |
+45,444
| New | +$1.14M |
|
3899
Simplify Volatility Premium ETF
SVOL
$528M
| $1.11M | ﹤0.01% |
61,422
+12,144
| +25% | +$214K |
|
3900
Silicon Motion
SIMO
$8.68B
| $1.1M | ﹤0.01% |
11,645
+873
| +8% | +$69.4K |
|
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.