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 | |
|---|---|---|---|---|---|---|
4001
Deluxe
DLX
$1.15B
| $998K | ﹤0.01% |
51,545
+5,976
| +13% | +$109K |
|
|
JOYY
4002
JOYY Inc
JOYY
$3.75B
| $998K | ﹤0.01% |
17,025
+1,016
| +6% | +$55.8K |
|
4003
Open Text
OTEX
$6.04B
| $997K | ﹤0.01% |
26,673
+6,215
| +30% | +$199K |
|
|
TGB
4004
Trekor Metals
TGB
$3.05B
| $997K | ﹤0.01% |
235,606
+8,413
| +4% | +$28.6K |
|
4005
Twist Bioscience
TWST
$7.25B
| $996K | ﹤0.01% |
35,399
+6,685
| +23% | +$202K |
|
4006
Global X Guru Index ETF
GURU
$63.5M
| $995K | ﹤0.01% |
16,708
+4,362
| +35% | +$247K |
|
|
KREF
4007
KKR Real Estate Finance Trust
KREF
$499M
| $994K | ﹤0.01% |
110,465
-1,400
| -1% | -$13K |
|
4008
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
TLTD
$689M
| $993K | ﹤0.01% |
11,189
-1,545
| -12% | -$133K |
|
4009
FT Vest US Small Cap Moderate Buffer ETF November
SNOV
$118M
| $992K | ﹤0.01% |
40,127
-83,196
| -67% | -$1.99M |
|
4010
SL Green Realty
SLG
$3.99B
| $992K | ﹤0.01% |
16,581
+1,133
| +7% | +$67.1K |
|
4011
Terreno Realty
TRNO
$7.49B
| $991K | ﹤0.01% |
17,459
-1,499
| -8% | -$85K |
|
4012
Brunswick
BC
$5.28B
| $989K | ﹤0.01% |
15,646
+1,316
| +9% | +$81.6K |
|
4013
Power Integrations
POWI
$3.61B
| $987K | ﹤0.01% |
24,538
+2,037
| +9% | +$98.3K |
|
4014
CRA International
CRAI
$1.06B
| $984K | ﹤0.01% |
4,719
-1,014
| -18% | -$195K |
|
4015
DHT Holdings
DHT
$3.02B
| $984K | ﹤0.01% |
82,345
+2,734
| +3% | +$31.7K |
|
4016
Stewart Information Services
STC
$2.08B
| $984K | ﹤0.01% |
13,421
+887
| +7% | +$61K |
|
4017
PGIM Active Aggregate Bond ETF
PAB
$70.8M
| $983K | ﹤0.01% |
22,885
-2,145
| -9% | -$91.1K |
|
|
CEP
4018
DELISTED
Cantor Equity Partners
CEP
| $982K | ﹤0.01% |
43,881
+20,742
| +90% | +$539K |
|
4019
Freshworks
FRSH
$3.27B
| $981K | ﹤0.01% |
83,380
+12,164
| +17% | +$164K |
|
4020
Woori Financial
WF
$17.6B
| $981K | ﹤0.01% |
17,466
+10,303
| +144% | +$562K |
|
4021
Establishment Labs
ESTA
$2.28B
| $980K | ﹤0.01% |
+23,917
| New | +$977K |
|
|
4022
CALL
iShares US Technology ETF
IYW
$25.2B
| $979K | ﹤0.01% |
+5,000
| New | +$915K |
|
4023
Artivion
AORT
$1.32B
| $979K | ﹤0.01% |
23,129
+1,048
| +5% | +$39.5K |
|
4024
PUT
Astera Labs
ALAB
$58B
| $979K | ﹤0.01% |
+5,000
| New | +$822K |
|
|
ERC
4025
Allspring Multi-Sector Income Fund
ERC
$259M
| $978K | ﹤0.01% |
102,127
+34,371
| +51% | +$326K |
|
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.