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 | |
|---|---|---|---|---|---|---|
4326
Cytokinetics
CYTK
$10.5B
| $775K | ﹤0.01% |
12,196
+995
| +9% | +$61.9K |
|
|
LGN
4327
Legence Corp
LGN
$4.93B
| $775K | ﹤0.01% |
18,003
+4,861
| +37% | +$192K |
|
4328
WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund
CXSE
$508M
| $775K | ﹤0.01% |
19,314
+1,717
| +10% | +$71.8K |
|
|
BBBY
4329
Bed Bath & Beyond
BBBY
$423M
| $773K | ﹤0.01% |
141,492
-87,120
| -38% | -$632K |
|
4330
Scholar Rock
SRRK
$6.32B
| $772K | ﹤0.01% |
17,523
+1,822
| +12% | +$68.3K |
|
4331
Nuveen Core Plus Impact Fund
NPCT
$282M
| $772K | ﹤0.01% |
75,800
+11,220
| +17% | +$119K |
|
4332
Atmus Filtration Technologies
ATMU
$4.05B
| $772K | ﹤0.01% |
14,865
+116
| +0.8% | +$5.62K |
|
4333
Avantis Responsible Emerging Markets Equity ETF
AVSE
$216M
| $771K | ﹤0.01% |
11,871
+1,217
| +11% | +$78.7K |
|
4334
Genesis Energy
GEL
$1.9B
| $769K | ﹤0.01% |
49,298
+500
| +1% | +$7.85K |
|
4335
RUM Group Inc
RUM
$1.71B
| $769K | ﹤0.01% |
121,657
-20,910
| -15% | -$143K |
|
4336
LeMaitre Vascular
LMAT
$1.86B
| $768K | ﹤0.01% |
9,468
-1,152
| -11% | -$99.2K |
|
4337
ProShares MSCI EAFE Dividend Growers ETF
EFAD
$64.3M
| $766K | ﹤0.01% |
18,383
+181
| +1% | +$7.6K |
|
4338
PUT
Bristol-Myers Squibb
BMY
$132B
| $766K | ﹤0.01% |
+14,200
| New | +$683K |
|
4339
IPG Photonics
IPGP
$3.61B
| $766K | ﹤0.01% |
10,695
+1,732
| +19% | +$141K |
|
|
CFLT
4340
DELISTED
Confluent
CFLT
| $766K | ﹤0.01% |
25,319
-9,185
| -27% | -$225K |
|
4341
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$916M
| $765K | ﹤0.01% |
75,839
-1,846
| -2% | -$18.7K |
|
4342
PUT
Arm
ARM
$286B
| $765K | ﹤0.01% |
7,000
+4,000
| +133% | +$582K |
|
4343
Cambria Global Momentum ETF
GMOM
$72.1M
| $764K | ﹤0.01% |
22,802
+1,339
| +6% | +$44.1K |
|
4344
iShares MSCI Agriculture Producers ETF
VEGI
$147M
| $763K | ﹤0.01% |
19,787
+274
| +1% | +$10.7K |
|
4345
Advance Auto Parts
AAP
$3.36B
| $763K | ﹤0.01% |
19,410
+380
| +2% | +$19K |
|
|
FBCV
4346
Fidelity Blue Chip Value ETF
FBCV
$184M
| $762K | ﹤0.01% |
21,365
+13,811
| +183% | +$483K |
|
|
SLSR
4347
Solaris Resources
SLSR
$1.38B
| $762K | ﹤0.01% |
95,583
-1,000
| -1% | -$6.93K |
|
4348
CALL
Pfizer
PFE
$154B
| $759K | ﹤0.01% |
30,500
+19,000
| +165% | +$479K |
|
4349
Franklin FTSE Asia ex Japan ETF
FLAX
$56.8M
| $759K | ﹤0.01% |
25,609
-4,159
| -14% | -$123K |
|
4350
Worthington Steel
WS
$1.94B
| $756K | ﹤0.01% |
21,841
+753
| +4% | +$24.8K |
|
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.