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 | |
|---|---|---|---|---|---|---|
4026
Innovator US Equity Buffer ETF May
BMAY
$237M
| $978K | ﹤0.01% |
22,324
+896
| +4% | +$38.6K |
|
4027
Dimensional Emerging Markets Value ETF
DFEV
$2.02B
| $973K | ﹤0.01% |
30,507
+1,428
| +5% | +$44.3K |
|
4028
nCino
NCNO
$2.1B
| $972K | ﹤0.01% |
35,859
-8,183
| -19% | -$239K |
|
4029
Gorman-Rupp
GRC
$2.21B
| $971K | ﹤0.01% |
20,926
+3,496
| +20% | +$145K |
|
4030
Global X Aging Population ETF
AGNG
$89.1M
| $971K | ﹤0.01% |
29,011
+3,265
| +13% | +$107K |
|
|
ZFEB
4031
Innovator Equity Defined Protection ETF - 1 Yr February
ZFEB
$152M
| $965K | ﹤0.01% |
38,669
+14,345
| +59% | +$354K |
|
4032
Amplify Lithium & Battery Technology ETF
BATT
$124M
| $965K | ﹤0.01% |
74,294
-246,646
| -77% | -$2.66M |
|
4033
Riot Platforms
RIOT
$7.76B
| $964K | ﹤0.01% |
50,658
-4,648
| -8% | -$64.4K |
|
4034
PUT
Devon Energy
DVN
$47.3B
| $961K | ﹤0.01% |
+27,400
| New | +$933K |
|
|
ZSEP
4035
Innovator Equity Defined Protection ETF - 1 Yr September
ZSEP
$123M
| $960K | ﹤0.01% |
+36,247
| New | +$950K |
|
4036
CGI
GIB
$15.5B
| $960K | ﹤0.01% |
10,767
+786
| +8% | +$76K |
|
|
CET
4037
Central Securities Corp
CET
$1.65B
| $959K | ﹤0.01% |
18,669
-1,281
| -6% | -$63.3K |
|
|
AWP
4038
abrdn Global Premier Properties Fund
AWP
$367M
| $958K | ﹤0.01% |
80,423
+11,080
| +16% | +$131K |
|
|
BTX
4039
BlackRock Technology and Private Equity Term Trust
BTX
$1B
| $957K | ﹤0.01% |
142,888
+66,903
| +88% | +$478K |
|
4040
EnerSys
ENS
$6.99B
| $956K | ﹤0.01% |
8,463
-1,628
| -16% | -$160K |
|
4041
PUT
Visa
V
$677B
| $956K | ﹤0.01% |
2,800
-200
| -7% | -$69.2K |
|
4042
Surf Air Mobility
SRFM
$95.8M
| $955K | ﹤0.01% |
222,565
+73,625
| +49% | +$345K |
|
4043
Westlake Corp
WLK
$9.9B
| $953K | ﹤0.01% |
12,369
-8,904
| -42% | -$742K |
|
4044
FT Vest US Equity Enhance & Moderate Buffer ETF July
XJUL
$42.5M
| $951K | ﹤0.01% |
24,786
+1,891
| +8% | +$71.4K |
|
|
ARR
4045
Armour Residential REIT
ARR
$2.36B
| $949K | ﹤0.01% |
63,524
-46,692
| -42% | -$733K |
|
4046
iShares MSCI Saudi Arabia ETF
KSA
$621M
| $949K | ﹤0.01% |
23,383
-1,030
| -4% | -$39.1K |
|
4047
Sharplink Inc
SBET
$1.35B
| $949K | ﹤0.01% |
55,782
+27,064
| +94% | +$532K |
|
4048
Olema Pharmaceuticals
OLMA
$1.05B
| $946K | ﹤0.01% |
96,675
+30,030
| +45% | +$180K |
|
4049
AAR Corp
AIR
$5.76B
| $946K | ﹤0.01% |
10,548
-6,156
| -37% | -$469K |
|
4050
GeneDx Holdings
WGS
$2.3B
| $946K | ﹤0.01% |
8,776
-45,926
| -84% | -$5M |
|
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.