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 | |
|---|---|---|---|---|---|---|
4401
Nuveen Short-Term REIT ETF
NURE
$35.4M
| $652K | ﹤0.01% |
22,632
-1,734
| -7% | -$50.9K |
|
4402
Amplify Seymour Cannabis ETF
CNBS
$71M
| $651K | ﹤0.01% |
+22,010
| New | +$535K |
|
4403
Texas Capital Bancshares
TCBI
$4.36B
| $650K | ﹤0.01% |
7,689
-952
| -11% | -$81.4K |
|
|
SEI
4404
Solaris Energy Infrastructure
SEI
$3.53B
| $650K | ﹤0.01% |
16,257
+8,769
| +117% | +$274K |
|
4405
Goldman Sachs MarketBeta Russell 1000 Value Equity ETF
GVUS
$427M
| $649K | ﹤0.01% |
12,399
-600
| -5% | -$30.7K |
|
4406
i3 Verticals
IIIV
$428M
| $649K | ﹤0.01% |
19,982
+10,768
| +117% | +$325K |
|
4407
Innovator Premium Income 30 Barrier ETF April
APRJ
$32.4M
| $648K | ﹤0.01% |
+26,292
| New | +$652K |
|
4408
Strive 1000 Growth ETF
STXG
$153M
| $645K | ﹤0.01% |
12,918
-370
| -3% | -$17.7K |
|
4409
Progyny
PGNY
$2.37B
| $645K | ﹤0.01% |
29,956
+4,888
| +19% | +$111K |
|
4410
PUT
Strategy Inc
MSTR
$37.1B
| $644K | ﹤0.01% |
+2,000
| New | +$742K |
|
4411
AdvisorShares Dorsey Wright FSM All Cap World ETF
DWAW
$93.2M
| $644K | ﹤0.01% |
14,683
+6,222
| +74% | +$262K |
|
4412
Kanzhun
BZ
$7.21B
| $644K | ﹤0.01% |
27,579
+11,533
| +72% | +$248K |
|
4413
Structure Therapeutics
GPCR
$3.67B
| $644K | ﹤0.01% |
23,003
+11,404
| +98% | +$227K |
|
|
TMHC
4414
DELISTED
Taylor Morrison
TMHC
| $644K | ﹤0.01% |
9,749
-17,717
| -65% | -$1.17M |
|
4415
Applied Optoelectronics
AAOI
$10.3B
| $643K | ﹤0.01% |
24,810
+13,283
| +115% | +$340K |
|
4416
Eastern Bankshares
EBC
$5.27B
| $643K | ﹤0.01% |
35,434
+414
| +1% | +$6.83K |
|
|
UROY
4417
Uranium Royalty Corp
UROY
$1.49B
| $643K | ﹤0.01% |
149,540
-8,555
| -5% | -$25.9K |
|
4418
Dimensional Ultrashort Fixed Income ETF
DUSB
$2.23B
| $642K | ﹤0.01% |
12,651
-8,697
| -41% | -$442K |
|
4419
Peapack-Gladstone Financial
PGC
$816M
| $642K | ﹤0.01% |
23,268
+5,406
| +30% | +$152K |
|
4420
Bloomin' Brands
BLMN
$931M
| $641K | ﹤0.01% |
89,464
+7,645
| +9% | +$61.5K |
|
4421
Worthington Steel
WS
$1.92B
| $641K | ﹤0.01% |
21,088
-309
| -1% | -$9.86K |
|
4422
Sunrun
RUN
$2.22B
| $641K | ﹤0.01% |
37,063
-926
| -2% | -$12.4K |
|
|
SCD
4423
LMP Capital and Income Fund
SCD
$358M
| $640K | ﹤0.01% |
41,195
+11,298
| +38% | +$174K |
|
4424
National Beverage
FIZZ
$2.98B
| $639K | ﹤0.01% |
17,315
+993
| +6% | +$43K |
|
4425
Liquidia Corp
LQDA
$7.92B
| $639K | ﹤0.01% |
28,100
+14,155
| +102% | +$307K |
|
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.