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 | |
|---|---|---|---|---|---|---|
4276
First Trust Active Global Quality Income ETF
AGQI
$55.7M
| $754K | ﹤0.01% |
47,069
-538
| -1% | -$8.45K |
|
4277
Fox Factory Holding Corp
FOXF
$848M
| $752K | ﹤0.01% |
30,970
-625
| -2% | -$17.6K |
|
4278
Newell Brands
NWL
$2.54B
| $752K | ﹤0.01% |
143,561
+33,951
| +31% | +$192K |
|
4279
Invesco DB Energy Fund
DBE
$86.5M
| $752K | ﹤0.01% |
39,544
-17,696
| -31% | -$339K |
|
4280
CALL
State Street SPDR S&P Biotech ETF
XBI
$10.1B
| $752K | ﹤0.01% |
+7,500
| New | +$676K |
|
4281
CALL
Visa
V
$679B
| $751K | ﹤0.01% |
2,200
-3,700
| -63% | -$1.28M |
|
4282
NCR Voyix
VYX
$1.13B
| $751K | ﹤0.01% |
59,806
+10,317
| +21% | +$136K |
|
4283
Compass Diversified
CODI
$831M
| $749K | ﹤0.01% |
113,160
+43,896
| +63% | +$303K |
|
4284
PUT
Palantir
PLTR
$410B
| $748K | ﹤0.01% |
4,100
-21,700
| -84% | -$3.52M |
|
4285
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.94B
| $747K | ﹤0.01% |
14,823
+7,183
| +94% | +$361K |
|
4286
Angel Oak Mortgage-Backed Securities ETF
MBS
$147M
| $747K | ﹤0.01% |
85,651
-1,042,849
| -92% | -$9.03M |
|
4287
Richtech Robotics
RR
$356M
| $747K | ﹤0.01% |
+174,074
| New | +$458K |
|
4288
Innovator International Developed Power Buffer ETF October
IOCT
$170M
| $746K | ﹤0.01% |
21,820
+3,230
| +17% | +$108K |
|
|
VWID
4289
DELISTED
Virtus WMC International Dividend ETF
VWID
| $744K | ﹤0.01% |
22,088
+631
| +3% | +$20.8K |
|
4290
ALPS Clean Energy ETF
ACES
$124M
| $743K | ﹤0.01% |
23,263
-4,963
| -18% | -$143K |
|
|
NXJ
4291
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
| $743K | ﹤0.01% |
59,857
+13,380
| +29% | +$155K |
|
4292
Ormat Technologies
ORA
$6.7B
| $743K | ﹤0.01% |
7,718
-192
| -2% | -$17.3K |
|
4293
Cousins Properties
CUZ
$4.94B
| $742K | ﹤0.01% |
25,654
-940
| -4% | -$26.7K |
|
4294
HNI Corp
HNI
$3.57B
| $742K | ﹤0.01% |
15,834
-806
| -5% | -$38.2K |
|
4295
KB Financial Group
KB
$43.3B
| $742K | ﹤0.01% |
8,946
-2,573
| -22% | -$211K |
|
4296
John Hancock Multifactor Emerging Markets ETF
JHEM
$1.01B
| $741K | ﹤0.01% |
23,402
-321
| -1% | -$9.68K |
|
4297
Bitwise Bitcoin ETF
BITB
$2.48B
| $739K | ﹤0.01% |
11,873
+2,237
| +23% | +$139K |
|
4298
Ezcorp Inc
EZPW
$1.71B
| $738K | ﹤0.01% |
38,768
+18,665
| +93% | +$292K |
|
4299
Enova International
ENVA
$6.31B
| $738K | ﹤0.01% |
6,413
+1,604
| +33% | +$183K |
|
4300
Park Aerospace
PKE
$815M
| $738K | ﹤0.01% |
36,274
+528
| +1% | +$9.57K |
|
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.