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 | |
|---|---|---|---|---|---|---|
|
FBRT
4176
Franklin BSP Realty Trust
FBRT
$657M
| $828K | ﹤0.01% |
76,287
-50,036
| -40% | -$551K |
|
4177
Cedar Fair
FUN
$1.67B
| $828K | ﹤0.01% |
36,452
-2,821
| -7% | -$74.9K |
|
4178
Lattice Semiconductor
LSCC
$18.5B
| $827K | ﹤0.01% |
11,275
-136
| -1% | -$8.28K |
|
4179
PagerDuty
PD
$902M
| $825K | ﹤0.01% |
49,961
+4,627
| +10% | +$73.6K |
|
4180
Univest Financial
UVSP
$1.18B
| $825K | ﹤0.01% |
27,476
+11,894
| +76% | +$365K |
|
4181
NorthWestern Energy
NWE
$4.43B
| $824K | ﹤0.01% |
14,065
+1,362
| +11% | +$75.2K |
|
4182
Walker & Dunlop
WD
$1.53B
| $823K | ﹤0.01% |
9,847
+739
| +8% | +$59.5K |
|
4183
La-Z-Boy
LZB
$1.69B
| $823K | ﹤0.01% |
23,987
+5,548
| +30% | +$203K |
|
|
ACLX
4184
DELISTED
Arcellx
ACLX
| $823K | ﹤0.01% |
10,021
+75
| +0.8% | +$5.4K |
|
4185
CorVel
CRVL
$3.19B
| $823K | ﹤0.01% |
10,626
+295
| +3% | +$26.3K |
|
|
YSG
4186
Yatsen Holding
YSG
$319M
| $822K | ﹤0.01% |
+90,765
| New | +$864K |
|
4187
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$41.7B
| $822K | ﹤0.01% |
+9,200
| New | +$805K |
|
4188
The Greenbrier Companies
GBX
$1.46B
| $822K | ﹤0.01% |
17,801
+1,129
| +7% | +$53.8K |
|
4189
PUT
JPMorgan Chase
JPM
$950B
| $820K | ﹤0.01% |
2,600
+100
| +4% | +$29.7K |
|
|
KW
4190
DELISTED
Kennedy-Wilson Holdings
KW
| $820K | ﹤0.01% |
98,508
-5,647
| -5% | -$45.3K |
|
|
FPWR
4191
First Trust EIP Power Solutions ETF
FPWR
$29.4M
| $819K | ﹤0.01% |
24,533
+3,642
| +17% | +$118K |
|
4192
Ternium
TX
$10.6B
| $819K | ﹤0.01% |
23,572
+2,499
| +12% | +$81.9K |
|
4193
PUT
eBay
EBAY
$49.7B
| $819K | ﹤0.01% |
+9,000
| New | +$796K |
|
4194
ORIX
IX
$43.5B
| $817K | ﹤0.01% |
31,284
+6,678
| +27% | +$166K |
|
4195
Cerence
CRNC
$413M
| $817K | ﹤0.01% |
65,571
+22,704
| +53% | +$233K |
|
4196
OneSpan
OSPN
$618M
| $816K | ﹤0.01% |
51,370
+39,102
| +319% | +$595K |
|
4197
InMode
INMD
$880M
| $816K | ﹤0.01% |
54,742
-67,112
| -55% | -$981K |
|
4198
Genesis Energy
GEL
$1.85B
| $815K | ﹤0.01% |
48,798
-54,598
| -53% | -$917K |
|
4199
iShares US Consumer Focused ETF
IEDI
$28.7M
| $815K | ﹤0.01% |
14,481
+2,588
| +22% | +$146K |
|
4200
FlexShares STOXX Global ESG Select Index Fund
ESGG
$115M
| $814K | ﹤0.01% |
4,124
+133
| +3% | +$25.5K |
|
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.