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 | |
|---|---|---|---|---|---|---|
4251
Blue Bird Corp
BLBD
$2.07B
| $838K | ﹤0.01% |
17,826
-2,359
| -12% | -$123K |
|
|
PDX
4252
PIMCO Dynamic Income Strategy Fund
PDX
$961M
| $837K | ﹤0.01% |
44,590
+16,553
| +59% | +$363K |
|
4253
Valley National Bancorp
VLY
$8.1B
| $836K | ﹤0.01% |
71,584
-8,045
| -10% | -$89.3K |
|
|
RMM
4254
RiverNorth Managed Duration Municipal Income Fund
RMM
$286M
| $834K | ﹤0.01% |
61,260
+4,549
| +8% | +$63.5K |
|
4255
CALL
Uber
UBER
$159B
| $833K | ﹤0.01% |
10,200
+5,400
| +113% | +$486K |
|
4256
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
XSVN
$390M
| $831K | ﹤0.01% |
+17,307
| New | +$836K |
|
|
NJUN
4257
Innovator Growth-100 Power Buffer ETF - June
NJUN
$176M
| $828K | ﹤0.01% |
26,274
-2,023
| -7% | -$62.9K |
|
4258
AtriCure
ATRC
$2.12B
| $827K | ﹤0.01% |
20,907
+2,921
| +16% | +$107K |
|
4259
KB Financial Group
KB
$42.4B
| $826K | ﹤0.01% |
9,604
+658
| +7% | +$55.4K |
|
4260
Liberty Broadband Class C
LBRDK
$5.18B
| $825K | ﹤0.01% |
16,971
-44
| -0.3% | -$2.29K |
|
4261
Warner Music
WMG
$13.8B
| $824K | ﹤0.01% |
26,869
-14,533
| -35% | -$444K |
|
|
AUGO
4262
Aura Minerals Inc
AUGO
$6.37B
| $823K | ﹤0.01% |
16,329
+1,229
| +8% | +$48.3K |
|
4263
Pilgrim's Pride
PPC
$6.31B
| $823K | ﹤0.01% |
21,113
-80,993
| -79% | -$3.11M |
|
4264
Fluence Energy
FLNC
$2.34B
| $823K | ﹤0.01% |
41,617
-1,863
| -4% | -$35.1K |
|
4265
Leuthold Core ETF
LCR
$69M
| $823K | ﹤0.01% |
21,608
+491
| +2% | +$18.7K |
|
|
NGD
4266
DELISTED
New Gold Inc
NGD
| $820K | ﹤0.01% |
94,197
-106,189
| -53% | -$800K |
|
|
FPWR
4267
First Trust EIP Power Solutions ETF
FPWR
$29.4M
| $820K | ﹤0.01% |
24,823
+290
| +1% | +$9.74K |
|
4268
Winmark
WINA
$1.36B
| $817K | ﹤0.01% |
2,017
-75
| -4% | -$32.1K |
|
|
ORLA
4269
DELISTED
Orla Mining
ORLA
| $816K | ﹤0.01% |
+60,549
| New | +$735K |
|
4270
Peapack-Gladstone Financial
PGC
$800M
| $815K | ﹤0.01% |
29,275
+6,007
| +26% | +$164K |
|
4271
Albany International
AIN
$1.73B
| $815K | ﹤0.01% |
16,073
-858
| -5% | -$44.4K |
|
|
KAT
4272
Scharf ETF
KAT
$676M
| $815K | ﹤0.01% |
14,811
+627
| +4% | +$34.4K |
|
|
TCPB
4273
Thrivent Core Plus Bond ETF
TCPB
$470M
| $814K | ﹤0.01% |
15,867
+5,693
| +56% | +$294K |
|
4274
Upbound Group
UPBD
$1.12B
| $814K | ﹤0.01% |
46,341
+673
| +1% | +$13K |
|
4275
Schneider National
SNDR
$6.18B
| $812K | ﹤0.01% |
30,602
-1,465
| -5% | -$34.6K |
|
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.