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 | |
|---|---|---|---|---|---|---|
|
NRO
4051
Neuberger Real Estate Securities Income Fund Inc
NRO
$189M
| $1.02M | ﹤0.01% |
336,179
+4,144
| +1% | +$12.8K |
|
4052
BridgeBio Pharma
BBIO
$16.6B
| $1.02M | ﹤0.01% |
13,350
+1,847
| +16% | +$121K |
|
|
SOR
4053
Source Capital
SOR
$383M
| $1.02M | ﹤0.01% |
22,285
+3,344
| +18% | +$155K |
|
4054
CALL
Coinbase
COIN
$39.2B
| $1.02M | ﹤0.01% |
4,500
+3,200
| +246% | +$954K |
|
|
TRON
4055
Tron Inc
TRON
$721M
| $1.02M | ﹤0.01% |
820,644
-36,007
| -4% | -$81.3K |
|
4056
Omnicell
OMCL
$1.7B
| $1.02M | ﹤0.01% |
22,456
+6,759
| +43% | +$247K |
|
4057
Microvast
MVST
$291M
| $1.02M | ﹤0.01% |
363,169
+23,262
| +7% | +$97.2K |
|
4058
Univest Financial
UVSP
$1.16B
| $1.02M | ﹤0.01% |
31,023
+3,547
| +13% | +$111K |
|
|
AL
4059
DELISTED
Air Lease Corp
AL
| $1.02M | ﹤0.01% |
15,805
-13,395
| -46% | -$855K |
|
4060
FlexShares STOXX Global ESG Select Index Fund
ESGG
$115M
| $1.01M | ﹤0.01% |
4,937
+813
| +20% | +$164K |
|
4061
Victory Capital Holdings
VCTR
$6.85B
| $1.01M | ﹤0.01% |
16,042
+391
| +2% | +$24.9K |
|
4062
iShares iBonds Oct 2027 Term TIPS ETF
IBID
$121M
| $1.01M | ﹤0.01% |
39,222
+23,414
| +148% | +$609K |
|
4063
10x Genomics
TXG
$7.44B
| $1.01M | ﹤0.01% |
62,035
-60,185
| -49% | -$909K |
|
|
GXDW
4064
Global X Funds Global X Dorsey Wright Thematic ETF
GXDW
$6.36M
| $1.01M | ﹤0.01% |
42,164
-3,141
| -7% | -$82.3K |
|
4065
Stantec
STN
$8.35B
| $1.01M | ﹤0.01% |
10,709
-9
| -0.1% | -$927 |
|
|
TWO
4066
Two Harbors Investment
TWO
$1.26B
| $1.01M | ﹤0.01% |
96,082
-5,881
| -6% | -$58.8K |
|
|
TE
4067
T1 Energy
TE
$1.48B
| $1.01M | ﹤0.01% |
151,024
+25,190
| +20% | +$111K |
|
4068
Ambarella
AMBA
$3.6B
| $1.01M | ﹤0.01% |
14,241
-2,213
| -13% | -$179K |
|
4069
The GEO Group
GEO
$4.04B
| $1.01M | ﹤0.01% |
62,514
-47,370
| -43% | -$790K |
|
4070
CALL
Advanced Micro Devices
AMD
$767B
| $1.01M | ﹤0.01% |
4,700
-900
| -16% | -$202K |
|
4071
Saic
SAIC
$5.3B
| $1.01M | ﹤0.01% |
9,994
-693
| -6% | -$66.2K |
|
|
AEF
4072
abrdn Emerging Markets Equity Income Fund
AEF
$364M
| $1M | ﹤0.01% |
143,509
+108,738
| +313% | +$736K |
|
4073
Radian Group
RDN
$4.87B
| $1M | ﹤0.01% |
27,889
+2,284
| +9% | +$79.7K |
|
|
4074
PUT
Vanguard S&P 500 ETF
VOO
$1.03T
| $1M | ﹤0.01% |
1,600
-300
| -16% | -$186K |
|
4075
Terreno Realty
TRNO
$7.45B
| $1M | ﹤0.01% |
17,075
-384
| -2% | -$23.1K |
|
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.