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 | |
|---|---|---|---|---|---|---|
|
NAVN
4276
Navan Inc
NAVN
$7.29B
| $811K | ﹤0.01% |
+47,500
| New | +$755K |
|
4277
Harley-Davidson
HOG
$2.72B
| $810K | ﹤0.01% |
39,536
-3,131
| -7% | -$77K |
|
4278
Hawaiian Electric Industries
HE
$2.02B
| $809K | ﹤0.01% |
65,800
+2,996
| +5% | +$34.7K |
|
|
BLCN
4279
DELISTED
Siren ETF Trust Siren NexGen Economy ETF
BLCN
| $809K | ﹤0.01% |
33,781
-2,653
| -7% | -$70.3K |
|
|
REVG
4280
DELISTED
REV Group
REVG
| $808K | ﹤0.01% |
13,292
-14,721
| -53% | -$826K |
|
4281
IMAX
IMAX
$2.81B
| $808K | ﹤0.01% |
21,860
+639
| +3% | +$22.3K |
|
4282
Ligand Pharmaceuticals
LGND
$6.42B
| $808K | ﹤0.01% |
4,273
+866
| +25% | +$166K |
|
4283
Hippo Holdings
HIPO
$856M
| $807K | ﹤0.01% |
+26,830
| New | +$897K |
|
4284
Unusual Machines
UMAC
$1.36B
| $807K | ﹤0.01% |
63,324
-10,989
| -15% | -$129K |
|
4285
PUT
iShares MSCI EAFE ETF
EFA
$79.8B
| $807K | ﹤0.01% |
8,400
-2,700
| -24% | -$256K |
|
4286
Cass Information Systems
CASS
$734M
| $806K | ﹤0.01% |
19,413
-774
| -4% | -$31.5K |
|
|
SZNE
4287
DELISTED
Pacer CFRA-Stoval Equal Weight Seasonal Rotation ETF
SZNE
| $806K | ﹤0.01% |
23,086
-10,584
| -31% | -$366K |
|
4288
PUT
Shopify
SHOP
$200B
| $805K | ﹤0.01% |
5,000
-2,000
| -29% | -$321K |
|
4289
Humacyte
HUMA
$201M
| $805K | ﹤0.01% |
837,661
+46,904
| +6% | +$66.4K |
|
|
NMAX
4290
Newsmax Inc
NMAX
$1.13B
| $805K | ﹤0.01% |
104,076
-1,950
| -2% | -$18.7K |
|
4291
Fidelity Preferred Securities & Income ETF
FPFD
$80.7M
| $804K | ﹤0.01% |
36,896
+23,556
| +177% | +$518K |
|
4292
SEI QiM U.S. Large Cap Momentum Active ETF
SEIM
$1.45B
| $803K | ﹤0.01% |
17,407
+388
| +2% | +$17.7K |
|
4293
Magnolia Oil & Gas
MGY
$6.16B
| $802K | ﹤0.01% |
36,645
+2,727
| +8% | +$62K |
|
4294
Sensient Technologies
SXT
$5.51B
| $802K | ﹤0.01% |
8,533
-8,633
| -50% | -$815K |
|
|
SAIL
4295
SailPoint Inc
SAIL
$11B
| $802K | ﹤0.01% |
39,620
+8,514
| +27% | +$177K |
|
|
QCJL
4296
FT Vest Nasdaq-100 Conservative Buffer ETF - July
QCJL
$83.2M
| $801K | ﹤0.01% |
33,768
-332
| -1% | -$7.79K |
|
|
TUSB
4297
Thrivent Ultra Short Bond ETF
TUSB
$222M
| $801K | ﹤0.01% |
15,907
+9,046
| +132% | +$456K |
|
|
TPH
4298
DELISTED
Tri Pointe Homes
TPH
| $801K | ﹤0.01% |
25,444
-4,381
| -15% | -$142K |
|
4299
Nuveen Municipal Income
NMI
$130M
| $800K | ﹤0.01% |
80,541
+7,727
| +11% | +$77.3K |
|
4300
ProShares S&P 500 ex-Technology ETF
SPXT
$293M
| $798K | ﹤0.01% |
7,686
+2,224
| +41% | +$227K |
|
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.