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 | |
|---|---|---|---|---|---|---|
3876
Amplify Lithium & Battery Technology ETF
BATT
$126M
| $1.21M | ﹤0.01% |
87,775
+13,481
| +18% | +$182K |
|
3877
Brunswick
BC
$5.21B
| $1.21M | ﹤0.01% |
16,305
+659
| +4% | +$44.7K |
|
3878
NCR Atleos
NATL
$3.43B
| $1.21M | ﹤0.01% |
31,722
+3,302
| +12% | +$124K |
|
3879
Innovator International Developed Power Buffer ETF October
IOCT
$169M
| $1.21M | ﹤0.01% |
34,669
+12,849
| +59% | +$442K |
|
3880
Corcept Therapeutics
CORT
$12.3B
| $1.21M | ﹤0.01% |
34,727
-37,002
| -52% | -$2.91M |
|
3881
IAMGOLD
IAG
$10.5B
| $1.21M | ﹤0.01% |
73,243
+32,447
| +80% | +$457K |
|
3882
CGI
GIB
$15.6B
| $1.21M | ﹤0.01% |
13,082
+2,315
| +22% | +$206K |
|
3883
Monarch Casino & Resort
MCRI
$2.17B
| $1.21M | ﹤0.01% |
12,603
+464
| +4% | +$44.6K |
|
3884
Seacoast Banking Corp of Florida
SBCF
$3.37B
| $1.2M | ﹤0.01% |
38,216
+1,435
| +4% | +$44.7K |
|
3885
Ecopetrol
EC
$35.1B
| $1.2M | ﹤0.01% |
119,784
+2,036
| +2% | +$19.4K |
|
|
MCW
3886
DELISTED
Mister Car Wash
MCW
| $1.2M | ﹤0.01% |
215,852
+565
| +0.3% | +$2.97K |
|
3887
Mativ Holdings
MATV
$706M
| $1.2M | ﹤0.01% |
98,775
-1,192
| -1% | -$14K |
|
3888
Huntsman Corp
HUN
$1.82B
| $1.2M | ﹤0.01% |
119,888
-25,257
| -17% | -$231K |
|
3889
Deluxe
DLX
$1.12B
| $1.2M | ﹤0.01% |
53,638
+2,093
| +4% | +$42.1K |
|
3890
Perimeter Solutions
PRM
$5.65B
| $1.19M | ﹤0.01% |
43,360
-10,444
| -19% | -$264K |
|
3891
American Financial Group
AFG
$11.9B
| $1.19M | ﹤0.01% |
8,723
-1,336
| -13% | -$183K |
|
|
SLVR
3892
Sprott Silver Miners & Physical Silver ETF
SLVR
$765M
| $1.19M | ﹤0.01% |
+21,360
| New | +$1.02M |
|
3893
Middleby
MIDD
$5.89B
| $1.19M | ﹤0.01% |
8,007
-813
| -9% | -$107K |
|
3894
T. Rowe Price Floating Rate ETF
TFLR
$687M
| $1.19M | ﹤0.01% |
23,152
+1,544
| +7% | +$79.4K |
|
|
FDIQ
3895
Invesco Bloomberg Financial Data Providers ETF
FDIQ
$48.3M
| $1.19M | ﹤0.01% |
19,241
-1,265
| -6% | -$76.3K |
|
|
CPSD
3896
Calamos S&P 500 Structured Alt Protection ETF - December
CPSD
$45.8M
| $1.19M | ﹤0.01% |
45,714
-276
| -0.6% | -$7.12K |
|
|
AIFD
3897
TCW Artificial Intelligence ETF
AIFD
$134M
| $1.19M | ﹤0.01% |
31,640
+5,006
| +19% | +$185K |
|
3898
Fortuna Silver Mines
FSM
$3.18B
| $1.18M | ﹤0.01% |
120,628
-40,175
| -25% | -$362K |
|
|
PMM
3899
Franklin Managed Municipal Income Trust
PMM
$272M
| $1.18M | ﹤0.01% |
188,605
+69,898
| +59% | +$429K |
|
3900
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF
QARP
$78.5M
| $1.18M | ﹤0.01% |
20,009
+583
| +3% | +$33.8K |
|
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.