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 | |
|---|---|---|---|---|---|---|
3926
Scorpio Tankers
STNG
$3.81B
| $1.08M | ﹤0.01% |
+19,274
| New | +$950K |
|
3927
Upbound Group
UPBD
$1.16B
| $1.08M | ﹤0.01% |
45,668
+2,873
| +7% | +$70.9K |
|
3928
Core & Main
CNM
$8.71B
| $1.08M | ﹤0.01% |
20,027
+1,671
| +9% | +$101K |
|
3929
StepStone Group
STEP
$3.82B
| $1.08M | ﹤0.01% |
16,506
-632
| -4% | -$38.6K |
|
3930
Barron's 400 ETF
BFOR
$239M
| $1.08M | ﹤0.01% |
53,108
+2,900
| +6% | +$57.6K |
|
3931
OR Royalties Inc
OR
$6.2B
| $1.07M | ﹤0.01% |
26,762
+743
| +3% | +$23.2K |
|
|
HIO
3932
Western Asset High Income Opportunity Fund
HIO
$340M
| $1.07M | ﹤0.01% |
279,318
+34,812
| +14% | +$138K |
|
|
NRO
3933
Neuberger Real Estate Securities Income Fund Inc
NRO
$190M
| $1.07M | ﹤0.01% |
332,035
+76,621
| +30% | +$248K |
|
|
SOBO
3934
South Bow Corp
SOBO
$7.43B
| $1.07M | ﹤0.01% |
37,884
+6,484
| +21% | +$176K |
|
3935
OneAscent Large Cap Core ETF
OALC
$256M
| $1.07M | ﹤0.01% |
30,777
+1,766
| +6% | +$59.4K |
|
3936
Hyatt Hotels
H
$16.7B
| $1.07M | ﹤0.01% |
7,530
+1,097
| +17% | +$157K |
|
3937
First Bancorp
FBP
$4.38B
| $1.07M | ﹤0.01% |
48,445
+320
| +0.7% | +$6.92K |
|
3938
State Street SPDR S&P China ETF
GXC
$482M
| $1.07M | ﹤0.01% |
10,173
+895
| +10% | +$85.6K |
|
3939
Greif
GEF
$5.04B
| $1.07M | ﹤0.01% |
17,864
+2,739
| +18% | +$177K |
|
3940
Dimensional California Municipal Bond ETF
DFCA
$711M
| $1.07M | ﹤0.01% |
21,393
+6,343
| +42% | +$313K |
|
3941
Arena Group
AREN
$83.8M
| $1.06M | ﹤0.01% |
194,205
+161,200
| +488% | +$1M |
|
3942
Saic
SAIC
$5.35B
| $1.06M | ﹤0.01% |
10,687
-1,833
| -15% | -$205K |
|
3943
Beam Therapeutics
BEAM
$2.84B
| $1.06M | ﹤0.01% |
43,747
+7,514
| +21% | +$149K |
|
3944
PENN Entertainment
PENN
$2.7B
| $1.06M | ﹤0.01% |
55,107
-45
| -0.1% | -$844 |
|
3945
Varonis Systems
VRNS
$5B
| $1.06M | ﹤0.01% |
18,450
+1,113
| +6% | +$61.7K |
|
|
MYCI
3946
State Street My2029 Corporate Bond ETF
MYCI
$35.8M
| $1.06M | ﹤0.01% |
42,214
+17,070
| +68% | +$426K |
|
|
ESN
3947
Essential 40 Stock ETF
ESN
$329M
| $1.06M | ﹤0.01% |
+62,038
| New | +$1.02M |
|
3948
KraneShares MSCI Emerging Markets Ex China Index ETF
KEMX
$129M
| $1.06M | ﹤0.01% |
30,561
+21,359
| +232% | +$707K |
|
3949
CVR Partners
UAN
$1.34B
| $1.06M | ﹤0.01% |
11,725
+1,067
| +10% | +$96.2K |
|
3950
Visteon
VC
$2.78B
| $1.06M | ﹤0.01% |
8,811
+1,210
| +16% | +$142K |
|
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.