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 | |
|---|---|---|---|---|---|---|
|
ZHOG
4101
F/M Opportunistic Income ETF
ZHOG
$46.5M
| $974K | ﹤0.01% |
18,737
-1,137
| -6% | -$59.2K |
|
|
PSTL
4102
Postal Realty Trust
PSTL
$680M
| $971K | ﹤0.01% |
60,140
+6,861
| +13% | +$105K |
|
4103
Autoliv
ALV
$8.92B
| $969K | ﹤0.01% |
8,164
-762
| -9% | -$91K |
|
4104
OneAscent International Equity ETF
OAIM
$373M
| $969K | ﹤0.01% |
23,400
-15,135
| -39% | -$612K |
|
4105
Freshpet
FRPT
$3.26B
| $968K | ﹤0.01% |
15,880
-14,660
| -48% | -$831K |
|
4106
Erie Indemnity
ERIE
$13.2B
| $966K | ﹤0.01% |
3,371
-305
| -8% | -$91K |
|
|
ACLO
4107
TCW AAA CLO ETF
ACLO
$520M
| $966K | ﹤0.01% |
+19,206
| New | +$967K |
|
|
STLN
4108
Starling Oncology, Inc. Common Stock
STLN
$616M
| $964K | ﹤0.01% |
270,885
+3,900
| +1% | +$14.5K |
|
4109
BlackRock TCP Capital
TCPC
$331M
| $960K | ﹤0.01% |
175,590
-25,405
| -13% | -$146K |
|
|
NB
4110
NioCorp Developments
NB
$793M
| $960K | ﹤0.01% |
181,142
+124,990
| +223% | +$860K |
|
4111
ProShares S&P 500 ex-Health Care ETF
SPXV
$41.5M
| $959K | ﹤0.01% |
12,857
+2,936
| +30% | +$217K |
|
|
MSLC
4112
Morgan Stanley Pathway Large Cap Equity ETF
MSLC
$4.11B
| $957K | ﹤0.01% |
17,593
+2,357
| +15% | +$129K |
|
4113
iShares iBonds 2030 Term High Yield and Income ETF
IBHJ
$156M
| $956K | ﹤0.01% |
35,938
+14,630
| +69% | +$389K |
|
4114
nCino
NCNO
$2.08B
| $955K | ﹤0.01% |
37,254
+1,395
| +4% | +$35.4K |
|
4115
Impact Shares Womens Empowerment ETF Trading
WOMN
$59.1M
| $955K | ﹤0.01% |
22,999
-2,257
| -9% | -$92.3K |
|
4116
Full House Resorts
FLL
$90.5M
| $954K | ﹤0.01% |
365,571
+53,500
| +17% | +$144K |
|
4117
Greene County Bancorp
GCBC
$584M
| $953K | ﹤0.01% |
42,892
+9,062
| +27% | +$206K |
|
4118
CRA International
CRAI
$1.06B
| $953K | ﹤0.01% |
4,750
+31
| +0.7% | +$5.84K |
|
4119
Norwood Financial Corp
NWFL
$366M
| $953K | ﹤0.01% |
33,971
-2,680
| -7% | -$73.1K |
|
4120
California Water Service
CWT
$3.06B
| $952K | ﹤0.01% |
21,979
+1,804
| +9% | +$82.3K |
|
4121
VictoryShares Emerging Markets Value Momentum ETF
UEVM
$254M
| $951K | ﹤0.01% |
17,158
-41,158
| -71% | -$2.3M |
|
4122
PUT
British American Tobacco
BTI
$123B
| $951K | ﹤0.01% |
16,800
-1,000
| -6% | -$54.6K |
|
|
TRST
4123
Trustco Bank Corp NY
TRST
$931M
| $951K | ﹤0.01% |
+23,001
| New | +$917K |
|
4124
ORIX
IX
$43.3B
| $948K | ﹤0.01% |
32,456
+1,172
| +4% | +$31K |
|
|
PCH
4125
DELISTED
PotlatchDeltic
PCH
| $947K | ﹤0.01% |
23,798
-1,137
| -5% | -$46K |
|
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.