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 | |
|---|---|---|---|---|---|---|
|
FINV
4376
FinVolution Group
FINV
$1.14B
| $676K | ﹤0.01% |
91,699
+30,971
| +51% | +$272K |
|
4377
Pacira BioSciences
PCRX
$1.02B
| $676K | ﹤0.01% |
26,216
-40,977
| -61% | -$1.01M |
|
4378
Four Corners Property Trust
FCPT
$2.75B
| $674K | ﹤0.01% |
27,637
-3,030
| -10% | -$78.2K |
|
4379
Patterson-UTI
PTEN
$3.88B
| $673K | ﹤0.01% |
129,900
+15,736
| +14% | +$90.5K |
|
4380
PUT
Micron Technology
MU
$1.01T
| $669K | ﹤0.01% |
4,000
+1,900
| +90% | +$243K |
|
|
RAL
4381
Ralliant Corp
RAL
$7.29B
| $669K | ﹤0.01% |
15,297
-23,212
| -60% | -$1.03M |
|
4382
Build-A-Bear
BBW
$435M
| $668K | ﹤0.01% |
10,241
+5,860
| +134% | +$345K |
|
4383
OceanFirst Financial
OCFC
$1.93B
| $668K | ﹤0.01% |
38,000
+7,401
| +24% | +$132K |
|
4384
Five Point Holdings
FPH
$371M
| $667K | ﹤0.01% |
108,824
-3,219
| -3% | -$18.7K |
|
|
EHI
4385
Western Asset Global High Income Fund
EHI
$177M
| $666K | ﹤0.01% |
100,931
-13,743
| -12% | -$90.4K |
|
4386
Innovator Power Buffer Step-Up Strategy ETF
PSTP
$135M
| $666K | ﹤0.01% |
+19,142
| New | +$653K |
|
4387
Pacer Swan SOS Flex January ETF
PSFD
$59.9M
| $665K | ﹤0.01% |
18,327
-2,698
| -13% | -$95.7K |
|
4388
Atmus Filtration Technologies
ATMU
$4.46B
| $665K | ﹤0.01% |
14,749
-9,746
| -40% | -$409K |
|
4389
iShares MSCI Japan Small-Cap ETF
SCJ
$260M
| $665K | ﹤0.01% |
7,224
+556
| +8% | +$49.4K |
|
4390
Portillo's
PTLO
$313M
| $664K | ﹤0.01% |
102,958
+10,498
| +11% | +$88.6K |
|
4391
Vident US Equity Strategy ETF
VUSE
$690M
| $664K | ﹤0.01% |
9,991
+605
| +6% | +$39K |
|
4392
PUT
Southern Company
SO
$106B
| $663K | ﹤0.01% |
7,000
-100
| -1% | -$9.34K |
|
4393
Global Partners
GLP
$1.67B
| $662K | ﹤0.01% |
13,791
+6,150
| +80% | +$315K |
|
4394
CALL
Meta Platforms (Facebook)
META
$1.5T
| $661K | ﹤0.01% |
900
-100
| -10% | -$74.4K |
|
|
ZMAR
4395
Innovator Equity Defined Protection ETF - 1 Yr March
ZMAR
$114M
| $660K | ﹤0.01% |
+24,378
| New | +$653K |
|
4396
CALL
United Parcel Service
UPS
$87.8B
| $660K | ﹤0.01% |
+7,900
| New | +$716K |
|
4397
Innovator Emerging Markets Power Buffer ETF July
EJUL
$184M
| $660K | ﹤0.01% |
22,790
-536
| -2% | -$15.1K |
|
4398
Camping World
CWH
$646M
| $656K | ﹤0.01% |
41,528
-1,393
| -3% | -$23.9K |
|
4399
The Bancorp
TBBK
$2.96B
| $654K | ﹤0.01% |
8,730
+1,126
| +15% | +$78.5K |
|
4400
PUT
RTX Corp
RTX
$300B
| $653K | ﹤0.01% |
3,900
-1,800
| -32% | -$279K |
|
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.