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 | |
|---|---|---|---|---|---|---|
3976
GlobalFoundries
GFS
$27.5B
| $1.1M | ﹤0.01% |
31,461
-5,291
| -14% | -$188K |
|
3977
Blackbaud
BLKB
$2.09B
| $1.1M | ﹤0.01% |
17,313
+109
| +0.6% | +$6.74K |
|
3978
BlueLinx
BXC
$719M
| $1.1M | ﹤0.01% |
17,841
+23
| +0.1% | +$1.49K |
|
3979
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$819M
| $1.1M | ﹤0.01% |
29,130
-2,613
| -8% | -$96.4K |
|
3980
SFL Corp
SFL
$1.58B
| $1.1M | ﹤0.01% |
140,218
-46,260
| -25% | -$355K |
|
3981
Ormat Technologies
ORA
$6.87B
| $1.09M | ﹤0.01% |
9,903
+2,185
| +28% | +$239K |
|
3982
Gorman-Rupp
GRC
$2.16B
| $1.09M | ﹤0.01% |
22,891
+1,965
| +9% | +$91.5K |
|
3983
Live Oak Bancshares
LOB
$1.95B
| $1.09M | ﹤0.01% |
31,796
+868
| +3% | +$29.1K |
|
|
FPI
3984
Farmland Partners
FPI
$424M
| $1.09M | ﹤0.01% |
112,513
-801
| -0.7% | -$8.03K |
|
3985
Stewart Information Services
STC
$2.01B
| $1.09M | ﹤0.01% |
15,513
+2,092
| +16% | +$151K |
|
|
BNY
3986
DELISTED
BlackRock New York Municipal Income Trust
BNY
| $1.09M | ﹤0.01% |
107,477
-488
| -0.5% | -$4.98K |
|
3987
Essential Properties Realty Trust
EPRT
$6.53B
| $1.09M | ﹤0.01% |
36,737
+8,521
| +30% | +$260K |
|
3988
Global X Guru Index ETF
GURU
$63.3M
| $1.09M | ﹤0.01% |
17,423
+715
| +4% | +$44.1K |
|
|
AIVC
3989
Amplify Bloomberg AI Equal Weight ETF
AIVC
$122M
| $1.09M | ﹤0.01% |
16,049
+3,950
| +33% | +$267K |
|
3990
iShares iBonds Dec 2033 Term Treasury ETF
IBTO
$463M
| $1.09M | ﹤0.01% |
44,249
+8,826
| +25% | +$218K |
|
3991
iShares Government/Credit Bond ETF
GBF
$127M
| $1.08M | ﹤0.01% |
10,346
+83
| +0.8% | +$8.75K |
|
3992
Intellia Therapeutics
NTLA
$1.68B
| $1.08M | ﹤0.01% |
120,297
+17,262
| +17% | +$238K |
|
3993
Dimensional California Municipal Bond ETF
DFCA
$712M
| $1.08M | ﹤0.01% |
21,591
+198
| +0.9% | +$9.91K |
|
3994
Forward Air
FWRD
$634M
| $1.08M | ﹤0.01% |
43,228
+655
| +2% | +$14.7K |
|
3995
Silicon Motion
SIMO
$7.82B
| $1.08M | ﹤0.01% |
11,649
+4
| +0% | +$367 |
|
3996
AdvisorShares Insider Advantage ETF
SURE
$57.5M
| $1.08M | ﹤0.01% |
8,470
+40
| +0.5% | +$4.98K |
|
3997
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
PEZ
$22.7M
| $1.08M | ﹤0.01% |
10,357
-2,407
| -19% | -$240K |
|
3998
News Corp Class A
NWSA
$15.4B
| $1.08M | ﹤0.01% |
41,213
-15,914
| -28% | -$417K |
|
|
MCN
3999
Madison Covered Call & Equity Strategy Fund
MCN
$119M
| $1.08M | ﹤0.01% |
179,274
-36,912
| -17% | -$221K |
|
4000
VanEck Oil Refiners ETF
CRAK
$259M
| $1.07M | ﹤0.01% |
28,662
+7,930
| +38% | +$306K |
|
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.