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 | |
|---|---|---|---|---|---|---|
4326
Helmerich & Payne
HP
$3.73B
| $713K | ﹤0.01% |
32,296
+6,976
| +28% | +$129K |
|
4327
ICU Medical
ICUI
$4.62B
| $713K | ﹤0.01% |
5,947
+647
| +12% | +$82K |
|
4328
CALL
TeraWulf
WULF
$8.54B
| $713K | ﹤0.01% |
62,400
+52,400
| +524% | +$400K |
|
4329
Zacks Earnings Consistent Portfolio ETF
ZECP
$369M
| $713K | ﹤0.01% |
21,195
+4,244
| +25% | +$139K |
|
4330
Nuveen Core Plus Impact Fund
NPCT
$282M
| $711K | ﹤0.01% |
64,580
+15,928
| +33% | +$175K |
|
4331
IQ Winslow Large Cap Growth ETF
IWLG
$319M
| $711K | ﹤0.01% |
+13,217
| New | +$693K |
|
4332
Leggett & Platt
LEG
$1.32B
| $710K | ﹤0.01% |
79,945
-5,068
| -6% | -$48.3K |
|
4333
IPG Photonics
IPGP
$3.83B
| $710K | ﹤0.01% |
8,963
+1,097
| +14% | +$85.7K |
|
4334
James Hardie Industries
JHX
$17.4B
| $709K | ﹤0.01% |
36,913
+24,231
| +191% | +$580K |
|
4335
TFI International
TFII
$11.3B
| $709K | ﹤0.01% |
8,051
-540
| -6% | -$49.4K |
|
4336
PUT
Seagate
STX
$184B
| $708K | ﹤0.01% |
+3,000
| New | +$512K |
|
|
NQP
4337
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
| $707K | ﹤0.01% |
58,935
-2,505
| -4% | -$27.8K |
|
4338
Viemed Healthcare
VMD
$363M
| $705K | ﹤0.01% |
103,890
-82,300
| -44% | -$557K |
|
4339
nLIGHT
LASR
$3.37B
| $705K | ﹤0.01% |
+23,785
| New | +$590K |
|
4340
FlexShares Credit-Scored US Long Corporate Bond Index Fund
LKOR
$30.2M
| $704K | ﹤0.01% |
16,188
-374
| -2% | -$15.9K |
|
|
AGNT
4341
AGNT Inc
AGNT
$722M
| $703K | ﹤0.01% |
65,987
+31,329
| +90% | +$331K |
|
4342
CALL
Oracle
ORCL
$422B
| $703K | ﹤0.01% |
+2,500
| New | +$637K |
|
4343
Hafnia
HAFN
$3.74B
| $703K | ﹤0.01% |
117,280
+18,680
| +19% | +$107K |
|
4344
WisdomTree Emerging Markets Local Debt Fund
ELD
$144M
| $702K | ﹤0.01% |
24,435
+7,250
| +42% | +$205K |
|
4345
JPMorgan Short Duration Core Plus ETF
JSCP
$1.71B
| $701K | ﹤0.01% |
14,716
-153
| -1% | -$7.25K |
|
4346
KBR
KBR
$4.75B
| $701K | ﹤0.01% |
14,814
+2,192
| +17% | +$106K |
|
4347
VanEck Brazil Small-Cap ETF
BRF
$21.5M
| $699K | ﹤0.01% |
+42,938
| New | +$653K |
|
|
UCTT
4348
Ultra Clean Holdings
UCTT
$3.88B
| $699K | ﹤0.01% |
25,651
+1,224
| +5% | +$30.1K |
|
|
PDX
4349
PIMCO Dynamic Income Strategy Fund
PDX
$976M
| $699K | ﹤0.01% |
28,037
+7,705
| +38% | +$189K |
|
4350
TriCo Bancshares
TCBK
$1.84B
| $696K | ﹤0.01% |
15,673
+3,948
| +34% | +$172K |
|
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.