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 | |
|---|---|---|---|---|---|---|
4201
BlackLine
BL
$1.72B
| $812K | ﹤0.01% |
15,298
+2,763
| +22% | +$149K |
|
4202
CVR Energy
CVI
$3.13B
| $811K | ﹤0.01% |
22,238
-4,388
| -16% | -$131K |
|
|
PFD
4203
Flaherty & Crumrine Preferred and Income Fund
PFD
$146M
| $810K | ﹤0.01% |
67,407
+25,601
| +61% | +$296K |
|
4204
Magnolia Oil & Gas
MGY
$5.94B
| $810K | ﹤0.01% |
33,918
+2,183
| +7% | +$52.1K |
|
4205
Privia Health
PRVA
$2.83B
| $809K | ﹤0.01% |
32,484
+6,617
| +26% | +$142K |
|
|
SMA
4206
SmartStop Self Storage REIT
SMA
$1.9B
| $809K | ﹤0.01% |
21,484
-90
| -0.4% | -$3.27K |
|
4207
Benchmark Electronics
BHE
$2.96B
| $808K | ﹤0.01% |
20,955
+997
| +5% | +$39.4K |
|
4208
CALL
DexCom
DXCM
$32B
| $807K | ﹤0.01% |
+12,000
| New | +$950K |
|
4209
Melco Resorts & Entertainment
MLCO
$2.14B
| $805K | ﹤0.01% |
+87,788
| New | +$803K |
|
4210
Under Armour
UAA
$2.6B
| $805K | ﹤0.01% |
161,267
+55,451
| +52% | +$323K |
|
4211
Innovator US Equity Accelerated 9 Buffer ETF July
XBJL
$75.5M
| $804K | ﹤0.01% |
+21,462
| New | +$788K |
|
|
MESO
4212
Mesoblast
MESO
$2.07B
| $803K | ﹤0.01% |
49,847
-200
| -0.4% | -$2.92K |
|
4213
Strive Emerging Markets ex-China ETF
STXE
$139M
| $803K | ﹤0.01% |
24,419
-1,980
| -8% | -$62.9K |
|
4214
Leuthold Core ETF
LCR
$68.9M
| $802K | ﹤0.01% |
21,117
-410
| -2% | -$15.1K |
|
|
RMM
4215
RiverNorth Managed Duration Municipal Income Fund
RMM
$290M
| $802K | ﹤0.01% |
56,711
-7,200
| -11% | -$99K |
|
4216
Arrow Electronics
ARW
$10.4B
| $802K | ﹤0.01% |
6,626
-133
| -2% | -$16.7K |
|
4217
Essent Group
ESNT
$6.33B
| $801K | ﹤0.01% |
12,600
+756
| +6% | +$45.9K |
|
4218
Green Brick Partners
GRBK
$3.14B
| $801K | ﹤0.01% |
10,841
+411
| +4% | +$28.1K |
|
4219
United Parks & Resorts
PRKS
$2.12B
| $801K | ﹤0.01% |
15,486
+9,929
| +179% | +$501K |
|
4220
Tenaris
TS
$26.8B
| $801K | ﹤0.01% |
22,380
+201
| +0.9% | +$7.3K |
|
4221
Virtus Real Asset Income ETF
VRAI
$18.3M
| $799K | ﹤0.01% |
33,316
-11,057
| -25% | -$261K |
|
4222
PUT
Centene
CNC
$32.5B
| $799K | ﹤0.01% |
+22,400
| New | +$677K |
|
4223
PUT
Boeing
BA
$185B
| $799K | ﹤0.01% |
3,700
-2,100
| -36% | -$473K |
|
4224
Red River Bancshares
RRBI
$659M
| $798K | ﹤0.01% |
12,317
+5,731
| +87% | +$365K |
|
|
KAT
4225
Scharf ETF
KAT
$707M
| $798K | ﹤0.01% |
+14,184
| New | +$783K |
|
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.