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 | |
|---|---|---|---|---|---|---|
4126
iShares iBonds Dec 2033 Term Treasury ETF
IBTO
$464M
| $873K | ﹤0.01% |
35,423
+9,370
| +36% | +$229K |
|
4127
Innovator US Equity Ultra Buffer ETF May
UMAY
$141M
| $873K | ﹤0.01% |
24,341
-3,143
| -11% | -$111K |
|
4128
Global X MSCI SuperDividend EAFE ETF
EFAS
$53.1M
| $872K | ﹤0.01% |
46,175
-2,443
| -5% | -$45.6K |
|
4129
ARK Israel Innovative Technology ETF
IZRL
$141M
| $872K | ﹤0.01% |
29,952
-3,524
| -11% | -$97.9K |
|
|
NJUN
4130
Innovator Growth-100 Power Buffer ETF - June
NJUN
$174M
| $872K | ﹤0.01% |
+28,297
| New | +$855K |
|
4131
Warby Parker
WRBY
$3.25B
| $872K | ﹤0.01% |
31,600
+5,722
| +22% | +$145K |
|
|
EDD
4132
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
| $869K | ﹤0.01% |
161,515
+19,874
| +14% | +$105K |
|
4133
Federated Hermes Short Duration High Yield ETF
FHYS
$55.3M
| $868K | ﹤0.01% |
+37,337
| New | +$868K |
|
4134
Patria Investments
PAX
$1.86B
| $867K | ﹤0.01% |
59,405
+41,170
| +226% | +$575K |
|
4135
Acco Brands
ACCO
$407M
| $864K | ﹤0.01% |
216,584
+61,521
| +40% | +$240K |
|
4136
Redwire
RDW
$3.25B
| $864K | ﹤0.01% |
96,083
+58,209
| +154% | +$681K |
|
4137
Glaukos
GKOS
$10.6B
| $863K | ﹤0.01% |
10,583
-1,267
| -11% | -$116K |
|
|
MCR
4138
DELISTED
MFS Charter Income Trust
MCR
| $862K | ﹤0.01% |
134,310
-3,543
| -3% | -$22.6K |
|
4139
Match Group
MTCH
$8.55B
| $861K | ﹤0.01% |
24,383
+1,744
| +8% | +$62.2K |
|
4140
Franklin FTSE Asia ex Japan ETF
FLAX
$57.2M
| $860K | ﹤0.01% |
29,768
-247
| -0.8% | -$6.74K |
|
4141
Ingles Markets
IMKTA
$1.67B
| $860K | ﹤0.01% |
12,357
+258
| +2% | +$17.2K |
|
4142
CoreCivic
CXW
$3.19B
| $859K | ﹤0.01% |
42,205
-10,549
| -20% | -$219K |
|
4143
FlexShares Global Quality Real Estate Index Fund
GQRE
$421M
| $859K | ﹤0.01% |
14,083
-1,059
| -7% | -$63.8K |
|
4144
CALL
Cloudflare
NET
$107B
| $858K | ﹤0.01% |
4,000
| – | – |
|
4145
Lucid Motors
LCID
$2.77B
| $855K | ﹤0.01% |
35,932
+5,952
| +20% | +$134K |
|
4146
Amneal Pharmaceuticals
AMRX
$5.79B
| $855K | ﹤0.01% |
85,391
-2,989
| -3% | -$26.8K |
|
4147
Amer Sports
AS
$21.4B
| $854K | ﹤0.01% |
24,565
+1,602
| +7% | +$60.4K |
|
4148
Pacer Swan SOS Moderate July ETF
PSMJ
$95.7M
| $853K | ﹤0.01% |
27,036
-3,009
| -10% | -$93K |
|
|
SOR
4149
Source Capital
SOR
$385M
| $853K | ﹤0.01% |
18,941
+4,433
| +31% | +$196K |
|
4150
Hamilton Insurance Group
HG
$3.56B
| $849K | ﹤0.01% |
34,253
+20,054
| +141% | +$458K |
|
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.