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 | |
|---|---|---|---|---|---|---|
3901
Invesco Next Gen Connectivity ETF
KNCT
$161M
| $1.1M | ﹤0.01% |
8,689
-88
| -1% | -$10.5K |
|
3902
Autoliv
ALV
$9B
| $1.1M | ﹤0.01% |
8,926
+1,874
| +27% | +$224K |
|
3903
Cipher Digital
CIFR
$7.13B
| $1.1M | ﹤0.01% |
+87,555
| New | +$660K |
|
3904
Avis
CAR
$5.02B
| $1.1M | ﹤0.01% |
6,859
-283
| -4% | -$47.7K |
|
|
MUE
3905
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
| $1.1M | ﹤0.01% |
109,161
-6,873
| -6% | -$66.1K |
|
3906
Sprott Junior Gold Miners ETF
SGDJ
$334M
| $1.1M | ﹤0.01% |
15,270
+5,119
| +50% | +$288K |
|
3907
Allegro MicroSystems
ALGM
$8.16B
| $1.1M | ﹤0.01% |
37,510
+1,415
| +4% | +$45.8K |
|
3908
Innovator US Equity Buffer ETF June
BJUN
$322M
| $1.09M | ﹤0.01% |
23,910
+8,317
| +53% | +$372K |
|
3909
Oceaneering
OII
$4.77B
| $1.09M | ﹤0.01% |
44,096
-25,663
| -37% | -$589K |
|
|
BNY
3910
DELISTED
BlackRock New York Municipal Income Trust
BNY
| $1.09M | ﹤0.01% |
107,965
+44,787
| +71% | +$434K |
|
3911
Elastic
ESTC
$7.81B
| $1.09M | ﹤0.01% |
12,922
-8,841
| -41% | -$744K |
|
3912
Forward Air
FWRD
$654M
| $1.09M | ﹤0.01% |
42,573
+32,567
| +325% | +$937K |
|
3913
Lifecore Biomedical
LFCR
$190M
| $1.09M | ﹤0.01% |
148,190
| – | – |
|
3914
TaskUs
TASK
$669M
| $1.09M | ﹤0.01% |
+61,052
| New | +$1.06M |
|
3915
Live Oak Bancshares
LOB
$1.97B
| $1.09M | ﹤0.01% |
30,928
+4,259
| +16% | +$147K |
|
|
RSSL
3916
Global X Russell 2000 ETF
RSSL
$1.54B
| $1.09M | ﹤0.01% |
11,400
+8,070
| +242% | +$728K |
|
3917
AllianzIM U.S. Equity Buffer10 May ETF
MAYT
$234M
| $1.09M | ﹤0.01% |
+30,062
| New | +$1.07M |
|
|
AFB
3918
AllianceBernstein National Municipal Income Fund
AFB
$317M
| $1.09M | ﹤0.01% |
100,012
-13,018
| -12% | -$135K |
|
3919
Utz Brands
UTZ
$1.25B
| $1.09M | ﹤0.01% |
89,309
+12,193
| +16% | +$162K |
|
3920
Ecopetrol
EC
$34.5B
| $1.08M | ﹤0.01% |
117,748
+5,543
| +5% | +$49.7K |
|
3921
AllianzIM U.S. Equity Buffer10 Jun ETF
JUNT
$118M
| $1.08M | ﹤0.01% |
+30,496
| New | +$1.06M |
|
|
NML
3922
Neuberger Energy Infrastructure and Income Fund Inc
NML
$576M
| $1.08M | ﹤0.01% |
124,143
+9,055
| +8% | +$78.4K |
|
3923
iShares Government/Credit Bond ETF
GBF
$128M
| $1.08M | ﹤0.01% |
10,263
+29
| +0.3% | +$3.03K |
|
3924
Liberty Broadband Class C
LBRDK
$5.15B
| $1.08M | ﹤0.01% |
17,015
-2,710
| -14% | -$189K |
|
|
MASI
3925
DELISTED
Masimo
MASI
| $1.08M | ﹤0.01% |
7,322
+18
| +0.2% | +$2.73K |
|
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.