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 | |
|---|---|---|---|---|---|---|
3976
American Century Mid Cap Growth Impact ETF
MID
$103M
| $1.03M | ﹤0.01% |
15,502
+2,758
| +22% | +$184K |
|
3977
Americold
COLD
$4.27B
| $1.03M | ﹤0.01% |
84,013
+38,742
| +86% | +$577K |
|
|
VCRM
3978
Vanguard Core Tax-Exempt Bond ETF
VCRM
$1.69B
| $1.03M | ﹤0.01% |
13,655
+6,655
| +95% | +$491K |
|
3979
Impact Shares Womens Empowerment ETF Trading
WOMN
$59M
| $1.03M | ﹤0.01% |
25,256
+12,288
| +95% | +$492K |
|
3980
Tarsus Pharmaceuticals
TARS
$2.84B
| $1.03M | ﹤0.01% |
17,277
+2,936
| +20% | +$145K |
|
3981
Invesco DB US Dollar Index Bearish Fund
UDN
$109M
| $1.03M | ﹤0.01% |
+54,532
| New | +$1.02M |
|
3982
Kennametal
KMT
$2.52B
| $1.02M | ﹤0.01% |
48,948
+11,010
| +29% | +$247K |
|
3983
iShares Global Equity Factor ETF
GLOF
$223M
| $1.02M | ﹤0.01% |
19,836
+3,662
| +23% | +$183K |
|
3984
Schrodinger
SDGR
$1.36B
| $1.02M | ﹤0.01% |
50,908
+63
| +0.1% | +$1.27K |
|
3985
PUT
Walmart Inc
WMT
$890B
| $1.02M | ﹤0.01% |
9,900
+500
| +5% | +$49.8K |
|
3986
Arvinas
ARVN
$572M
| $1.02M | ﹤0.01% |
119,744
+26,849
| +29% | +$204K |
|
|
LEO
3987
BNY Mellon Strategic Municipals
LEO
$387M
| $1.02M | ﹤0.01% |
163,089
+48,810
| +43% | +$291K |
|
|
NLOP
3988
Net Lease Office Properties
NLOP
$171M
| $1.02M | ﹤0.01% |
34,361
+6,365
| +23% | +$200K |
|
3989
Distribution Solutions Group
DSGR
$1.61B
| $1.02M | ﹤0.01% |
33,859
| – | – |
|
|
PCH
3990
DELISTED
PotlatchDeltic
PCH
| $1.02M | ﹤0.01% |
24,935
+1,848
| +8% | +$76.6K |
|
3991
Victory Capital Holdings
VCTR
$6.66B
| $1.01M | ﹤0.01% |
15,651
-814
| -5% | -$55.9K |
|
|
TPH
3992
DELISTED
Tri Pointe Homes
TPH
| $1.01M | ﹤0.01% |
29,825
-5,506
| -16% | -$187K |
|
|
NFEB
3993
Innovator Growth-100 Power Buffer ETF - February
NFEB
$84.2M
| $1.01M | ﹤0.01% |
+37,229
| New | +$989K |
|
|
ALE
3994
DELISTED
Allete
ALE
| $1.01M | ﹤0.01% |
15,203
-4,206
| -22% | -$273K |
|
|
BLCN
3995
DELISTED
Siren ETF Trust Siren NexGen Economy ETF
BLCN
| $1.01M | ﹤0.01% |
36,434
+10,996
| +43% | +$273K |
|
3996
MarketAxess Holdings
MKTX
$5.72B
| $1.01M | ﹤0.01% |
5,784
-14,337
| -71% | -$2.8M |
|
|
TWO
3997
Two Harbors Investment
TWO
$1.27B
| $1.01M | ﹤0.01% |
101,963
-25,556
| -20% | -$257K |
|
3998
Cable One
CABO
$212M
| $1M | ﹤0.01% |
5,673
+871
| +18% | +$131K |
|
3999
Sprott Junior Uranium Miners ETF
URNJ
$356M
| $1M | ﹤0.01% |
34,400
-3,973
| -10% | -$92K |
|
4000
Full House Resorts
FLL
$88.1M
| $1M | ﹤0.01% |
312,071
+100,760
| +48% | +$396K |
|
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.