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 | |
|---|---|---|---|---|---|---|
|
EDGU
4226
3EDGE Dynamic US Equity ETF
EDGU
$155M
| $798K | ﹤0.01% |
28,542
-4,202
| -13% | -$112K |
|
4227
World Kinect Corp
WKC
$1.86B
| $797K | ﹤0.01% |
30,715
-12,182
| -28% | -$328K |
|
4228
Mach Natural Resources
MNR
$2.16B
| $797K | ﹤0.01% |
60,465
-2,497
| -4% | -$35.6K |
|
4229
SGI Dynamic Tactical ETF
DYTA
$107M
| $796K | ﹤0.01% |
27,424
-6,654
| -20% | -$189K |
|
4230
Cass Information Systems
CASS
$743M
| $794K | ﹤0.01% |
20,187
+569
| +3% | +$24.3K |
|
|
QCJL
4231
FT Vest Nasdaq-100 Conservative Buffer ETF - July
QCJL
$76.9M
| $794K | ﹤0.01% |
34,100
+5,503
| +19% | +$126K |
|
4232
Sweetgreen
SG
$642M
| $794K | ﹤0.01% |
99,439
-7,397
| -7% | -$80.4K |
|
4233
Franklin FTSE Europe ETF
FLEE
$121M
| $793K | ﹤0.01% |
22,866
+982
| +4% | +$33.5K |
|
4234
United States Lime & Minerals
USLM
$3.44B
| $793K | ﹤0.01% |
6,026
-3,149
| -34% | -$364K |
|
4235
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$912M
| $792K | ﹤0.01% |
77,685
+7,475
| +11% | +$72.1K |
|
4236
Lakeland Financial Corp
LKFN
$1.53B
| $791K | ﹤0.01% |
12,322
-38,842
| -76% | -$2.52M |
|
|
NSLR
4237
Neostellar Capital Corp
NSLR
$254M
| $791K | ﹤0.01% |
87,884
+34,369
| +64% | +$298K |
|
4238
AvePoint
AVPT
$2.71B
| $791K | ﹤0.01% |
52,669
+36,617
| +228% | +$615K |
|
4239
CoinShares ETF Trust CoinShares Bitcoin Mining ETF
WGMI
$244M
| $790K | ﹤0.01% |
+17,850
| New | +$538K |
|
4240
Porch Group
PRCH
$1.8B
| $788K | ﹤0.01% |
46,964
+7,845
| +20% | +$120K |
|
4241
Runway Growth Finance
RWAY
$290M
| $787K | ﹤0.01% |
77,507
+2,940
| +4% | +$31.6K |
|
|
KC
4242
Kingsoft Cloud Holdings
KC
$3.69B
| $786K | ﹤0.01% |
52,685
+13,723
| +35% | +$199K |
|
4243
Cohu
COHU
$2.5B
| $785K | ﹤0.01% |
38,617
+7,013
| +22% | +$141K |
|
4244
WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund
CXSE
$508M
| $784K | ﹤0.01% |
17,597
+674
| +4% | +$26.3K |
|
|
WAY
4245
Waystar Holding Corp
WAY
$4.65B
| $784K | ﹤0.01% |
20,674
+7,425
| +56% | +$275K |
|
4246
Nuveen ESG Large-Cap ETF
NULC
$72.8M
| $783K | ﹤0.01% |
15,032
-270
| -2% | -$13.6K |
|
4247
BK Technologies
BKTI
$291M
| $780K | ﹤0.01% |
9,236
-33,975
| -79% | -$1.94M |
|
4248
ODDITY Tech
ODD
$651M
| $779K | ﹤0.01% |
12,509
-22,068
| -64% | -$1.43M |
|
4249
U-Haul Holding Co
UHAL
$14.6B
| $779K | ﹤0.01% |
13,652
+7,270
| +114% | +$429K |
|
4250
Community Health Systems
CYH
$423M
| $777K | ﹤0.01% |
242,189
+26,420
| +12% | +$79.3K |
|
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.