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 S&P 500 Value ETF
IVE
|
+$517M |
| 2 |
Capital Group Dividend Value ETF
CGDV
|
+$468M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$367M |
| 4 |
Capital Group Growth ETF
CGGR
|
+$301M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$293M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$461M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$130M |
| 3 |
BSCP
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
|
+$119M |
| 4 |
Schwab US Dividend Equity ETF
SCHD
|
+$113M |
| 5 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$103M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.6% |
| 2 | Financials | 3.6% |
| 3 | Consumer Discretionary | 2.68% |
| 4 | Communication Services | 2.56% |
| 5 | Healthcare | 2.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
4226
WisdomTree Emerging Markets Local Debt Fund
ELD
$143M
| $855K | ﹤0.01% |
29,279
+4,844
| +20% | +$140K |
|
4227
Precigen
PGEN
$2.51B
| $855K | ﹤0.01% |
204,524
+41,100
| +25% | +$159K |
|
|
GLU
4228
Gabelli Utility & Income Trust
GLU
$116M
| $855K | ﹤0.01% |
44,361
+2,291
| +5% | +$42.2K |
|
4229
West Fraser Timber
WFG
$5.58B
| $855K | ﹤0.01% |
13,984
+2,712
| +24% | +$170K |
|
4230
Madison Square Garden
MSGS
$9.43B
| $854K | ﹤0.01% |
3,302
+80
| +2% | +$18.2K |
|
4231
Vita Coco
COCO
$3.63B
| $853K | ﹤0.01% |
16,088
+9,454
| +143% | +$443K |
|
4232
Pacer Swan SOS Moderate July ETF
PSMJ
$95.6M
| $853K | ﹤0.01% |
26,470
-566
| -2% | -$18K |
|
4233
OneSpaWorld
OSW
$2.62B
| $852K | ﹤0.01% |
41,092
-793
| -2% | -$16.6K |
|
|
ARR
4234
Armour Residential REIT
ARR
$2.34B
| $851K | ﹤0.01% |
48,103
-15,421
| -24% | -$256K |
|
4235
PUT
Roblox
RBLX
$26.5B
| $851K | ﹤0.01% |
10,500
+6,500
| +163% | +$690K |
|
4236
Avis
CAR
$4.9B
| $850K | ﹤0.01% |
6,626
-233
| -3% | -$32.5K |
|
|
ZJUL
4237
Innovator Equity Defined Protection ETF - 1 Yr July
ZJUL
$187M
| $849K | ﹤0.01% |
29,221
-191
| -0.6% | -$5.51K |
|
|
KREF
4238
KKR Real Estate Finance Trust
KREF
$492M
| $849K | ﹤0.01% |
103,260
-7,205
| -7% | -$61K |
|
4239
PUT
Astera Labs
ALAB
$55B
| $848K | ﹤0.01% |
5,100
+100
| +2% | +$16.7K |
|
4240
Braze
BRZE
$3.24B
| $847K | ﹤0.01% |
24,699
+12,808
| +108% | +$379K |
|
4241
Xometry
XMTR
$5.19B
| $846K | ﹤0.01% |
14,226
-20,602
| -59% | -$1.16M |
|
|
DMC
4242
Del Monte Corp
DMC
$1.43B
| $846K | ﹤0.01% |
23,731
+6,899
| +41% | +$246K |
|
4243
Capitol Federal Financial
CFFN
$1.08B
| $844K | ﹤0.01% |
123,996
+2,345
| +2% | +$15.3K |
|
4244
Boise Cascade
BCC
$2.96B
| $843K | ﹤0.01% |
11,458
-318
| -3% | -$23.2K |
|
4245
Sasol
SSL
$7.38B
| $842K | ﹤0.01% |
129,395
+12,033
| +10% | +$76K |
|
4246
Iridium Communications
IRDM
$5.23B
| $841K | ﹤0.01% |
48,398
-4,130
| -8% | -$73K |
|
|
NUTX
4247
Nutex Health
NUTX
$1.35B
| $841K | ﹤0.01% |
5,109
-1,048
| -17% | -$139K |
|
4248
FlexShares Core Select Bond Fund
BNDC
$169M
| $840K | ﹤0.01% |
37,548
-2,931
| -7% | -$66K |
|
|
MMD
4249
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
$281M
| $839K | ﹤0.01% |
56,432
-70,476
| -56% | -$1.06M |
|
4250
WPP
WPP
$5.76B
| $839K | ﹤0.01% |
37,357
+3,777
| +11% | +$81.2K |
|
Similar funds
LPL Financial's Q4 2025 Portfolio in Review
As of Q4 2025, LPL Financial held 6,133 positions worth $366B, up 6.7% from $343B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
LPL Financial deployed $17.7B of net new capital in Q4 2025, opening 355 new positions and adding to 3,269 existing holdings. Its largest new stake was Akre Focus ETF: 2,308,689 shares worth $151M.
By sector, the portfolio is most concentrated in Technology at 8.6% of assets, down from 8.8% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares MSCI USA Quality Factor ETF, an estimated $461M trimmed.
- LPL Financial's largest Q4 2025 buy was Akre Focus ETF: 2,308,689 shares worth $151M.
- LPL Financial added most to iShares S&P 500 Value ETF in Q4 2025, an estimated $517M increase.
- LPL Financial's biggest Q4 2025 reduction was iShares MSCI USA Quality Factor ETF, cutting an estimated $461M.
- LPL Financial fully exited Invesco BulletShares 2025 Corporate Bond ETF in Q4 2025, selling an estimated $119M.
- LPL Financial's ten largest holdings make up 15% of its $366B portfolio in Q4 2025.
- LPL Financial opened 355 new positions and closed 267 in Q4 2025.
- LPL Financial's portfolio value rose 6.7% quarter-over-quarter to $366B.
Based on LPL Financial's 13F filing for Q4 2025, filed 11 Feb 2026.