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 | |
|---|---|---|---|---|---|---|
4151
MKS Inc
MKSI
$20.6B
| $849K | ﹤0.01% |
6,861
-1,960
| -22% | -$209K |
|
4152
Photronics
PLAB
$1.93B
| $847K | ﹤0.01% |
36,928
+9,929
| +37% | +$212K |
|
4153
Innovator US Equity 10 Buffer ETF Quarterly
ZALT
$768M
| $847K | ﹤0.01% |
26,556
+7,678
| +41% | +$241K |
|
4154
Distillate Small/Mid Cash Flow ETF
DSMC
$141M
| $845K | ﹤0.01% |
23,555
-13,222
| -36% | -$464K |
|
|
ZJUL
4155
Innovator Equity Defined Protection ETF - 1 Yr July
ZJUL
$185M
| $845K | ﹤0.01% |
29,412
+15,934
| +118% | +$454K |
|
|
LUCK
4156
Lucky Strike Entertainment
LUCK
$911M
| $844K | ﹤0.01% |
82,470
+793
| +1% | +$7.98K |
|
4157
Valley National Bancorp
VLY
$8.05B
| $844K | ﹤0.01% |
79,629
+10,497
| +15% | +$105K |
|
4158
PUT
Coinbase
COIN
$40.5B
| $844K | ﹤0.01% |
+2,500
| New | +$848K |
|
4159
Virtus SEIX Senior Loan ETF
SEIX
$252M
| $843K | ﹤0.01% |
35,743
-25,001
| -41% | -$591K |
|
4160
Grid Dynamics Holdings
GDYN
$615M
| $842K | ﹤0.01% |
+109,188
| New | +$975K |
|
4161
AMES National
ATLO
$277M
| $841K | ﹤0.01% |
41,612
+5
| +0% | +$96 |
|
4162
WPP
WPP
$5.94B
| $841K | ﹤0.01% |
33,580
+6,654
| +25% | +$182K |
|
4163
Fox Class B
FOX
$23.9B
| $840K | ﹤0.01% |
14,663
-918
| -6% | -$48.5K |
|
4164
Essential Properties Realty Trust
EPRT
$6.62B
| $840K | ﹤0.01% |
28,216
-3,509
| -11% | -$107K |
|
4165
PUT
Netflix
NFLX
$309B
| $839K | ﹤0.01% |
7,000
+1,000
| +17% | +$122K |
|
4166
St. Joe Company
JOE
$3.83B
| $837K | ﹤0.01% |
16,911
+7,942
| +89% | +$400K |
|
|
PSTL
4167
Postal Realty Trust
PSTL
$699M
| $836K | ﹤0.01% |
53,279
+11,584
| +28% | +$175K |
|
4168
iShares 25+ Year Treasury STRIPS Bond ETF
GOVZ
$261M
| $836K | ﹤0.01% |
21,475
-69,615
| -76% | -$2.62M |
|
4169
FuboTV Inc
FUBO
$273M
| $835K | ﹤0.01% |
16,773
+5,670
| +51% | +$257K |
|
|
SEG
4170
Seaport Entertainment Group
SEG
$362M
| $834K | ﹤0.01% |
36,373
-380
| -1% | -$8.93K |
|
4171
Global X Emerging Markets Bond ETF
EMBD
$250M
| $832K | ﹤0.01% |
34,992
+5,433
| +18% | +$128K |
|
4172
Xtrackers Low Beta High Yield Bond ETF
HYDW
$67.5M
| $831K | ﹤0.01% |
17,575
-3,120
| -15% | -$147K |
|
4173
Inspire Medical Systems
INSP
$1.74B
| $831K | ﹤0.01% |
11,195
-282
| -2% | -$28.6K |
|
4174
DoubleVerify
DV
$2.03B
| $829K | ﹤0.01% |
69,179
-6,663
| -9% | -$98.8K |
|
|
MSLC
4175
Morgan Stanley Pathway Large Cap Equity ETF
MSLC
$4.12B
| $829K | ﹤0.01% |
15,236
+10,519
| +223% | +$554K |
|
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.