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 | |
|---|---|---|---|---|---|---|
3926
United States Antimony
UAMY
$988M
| $1.15M | ﹤0.01% |
228,968
+4,470
| +2% | +$35.1K |
|
3927
Ducommun
DCO
$2.94B
| $1.15M | ﹤0.01% |
12,080
+36
| +0.3% | +$3.35K |
|
|
CHYM
3928
Chime Financial
CHYM
$11.7B
| $1.15M | ﹤0.01% |
+45,655
| New | +$970K |
|
3929
Evertec
EVTC
$1.77B
| $1.15M | ﹤0.01% |
39,490
+4,793
| +14% | +$142K |
|
3930
Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
$364M
| $1.15M | ﹤0.01% |
27,169
-164,001
| -86% | -$6.78M |
|
3931
United States Oil Fund
USO
$1.78B
| $1.15M | ﹤0.01% |
16,571
-1,314
| -7% | -$92.6K |
|
|
MYCI
3932
State Street My2029 Corporate Bond ETF
MYCI
$35.7M
| $1.15M | ﹤0.01% |
45,754
+3,540
| +8% | +$88.7K |
|
|
BYM
3933
DELISTED
BlackRock Municipal Income Quality Trust
BYM
| $1.14M | ﹤0.01% |
104,661
-4,293
| -4% | -$47K |
|
3934
Liquidia Corp
LQDA
$8.1B
| $1.14M | ﹤0.01% |
33,190
+5,090
| +18% | +$145K |
|
3935
Power Integrations
POWI
$3.46B
| $1.14M | ﹤0.01% |
32,182
+7,644
| +31% | +$290K |
|
3936
Dimensional Emerging Markets High Profitability ETF
DEHP
$441M
| $1.14M | ﹤0.01% |
35,461
+1,170
| +3% | +$36.9K |
|
3937
IQ Candriam US Large Cap Equity ETF
IQSU
$339M
| $1.14M | ﹤0.01% |
20,855
-4,483
| -18% | -$242K |
|
3938
KB Home
KBH
$3.47B
| $1.14M | ﹤0.01% |
20,205
-1,399
| -6% | -$86.1K |
|
|
LTC
3939
LTC Properties
LTC
$2.12B
| $1.14M | ﹤0.01% |
33,135
-201
| -0.6% | -$7.08K |
|
3940
First Trust SkyBridge Crypto Industry and Digital Economy ETF
CRPT
$82.3M
| $1.14M | ﹤0.01% |
75,826
+4,646
| +7% | +$88.3K |
|
|
CVSA
3941
Covista Inc
CVSA
$4.38B
| $1.14M | ﹤0.01% |
10,992
+789
| +8% | +$90.3K |
|
3942
AZZ Inc
AZZ
$4.58B
| $1.14M | ﹤0.01% |
10,593
+101
| +1% | +$10.5K |
|
3943
Kingstone Companies
KINS
$278M
| $1.13M | ﹤0.01% |
67,415
-51,296
| -43% | -$781K |
|
|
NBXG
3944
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.22B
| $1.13M | ﹤0.01% |
78,567
-19
| -0% | -$281 |
|
3945
Mohawk Industries
MHK
$9.19B
| $1.13M | ﹤0.01% |
10,346
+1,530
| +17% | +$176K |
|
|
EFC
3946
Ellington Financial
EFC
$1.72B
| $1.13M | ﹤0.01% |
83,146
-38,856
| -32% | -$529K |
|
3947
Beazer Homes USA
BZH
$871M
| $1.13M | ﹤0.01% |
55,695
-1,840
| -3% | -$40.9K |
|
3948
Knowles
KN
$3.27B
| $1.13M | ﹤0.01% |
52,654
+3,686
| +8% | +$84K |
|
3949
WIX.com
WIX
$2.61B
| $1.12M | ﹤0.01% |
10,823
-2,746
| -20% | -$332K |
|
3950
Paymentus
PAY
$4.91B
| $1.12M | ﹤0.01% |
35,566
-1,937
| -5% | -$63.2K |
|
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.