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 | |
|---|---|---|---|---|---|---|
4401
Innovator Premium Income 30 Barrier ETF April
APRJ
$32.4M
| $707K | ﹤0.01% |
28,686
+2,394
| +9% | +$59.4K |
|
4402
PUT
Advanced Micro Devices
AMD
$776B
| $707K | ﹤0.01% |
3,300
-3,200
| -49% | -$719K |
|
|
MQT
4403
DELISTED
BlackRock MuniYield Quality Fund II
MQT
| $705K | ﹤0.01% |
70,126
+12,484
| +22% | +$125K |
|
|
EDGI
4404
3EDGE Dynamic International Equity ETF
EDGI
$126M
| $705K | ﹤0.01% |
24,828
-7,557
| -23% | -$212K |
|
4405
Alignment Healthcare
ALHC
$2.87B
| $703K | ﹤0.01% |
+35,596
| New | +$639K |
|
4406
MarketAxess Holdings
MKTX
$5.72B
| $702K | ﹤0.01% |
3,874
-1,910
| -33% | -$326K |
|
4407
iShares MSCI Japan Small-Cap ETF
SCJ
$261M
| $702K | ﹤0.01% |
7,646
+422
| +6% | +$38.6K |
|
4408
Lattice Semiconductor
LSCC
$18.5B
| $700K | ﹤0.01% |
9,513
-1,762
| -16% | -$125K |
|
|
CUK
4409
DELISTED
Carnival PLC
CUK
| $699K | ﹤0.01% |
23,052
-44,977
| -66% | -$1.16M |
|
4410
Robert Half
RHI
$4.34B
| $699K | ﹤0.01% |
25,731
-8,372
| -25% | -$239K |
|
4411
FerroAtlántica
GSM
$863M
| $699K | ﹤0.01% |
150,600
+69,275
| +85% | +$320K |
|
4412
Grupo Aeroportuario del Pacifico
PAC
$12.9B
| $698K | ﹤0.01% |
2,647
-2,487
| -48% | -$578K |
|
4413
PUT
Vertiv
VRT
$105B
| $697K | ﹤0.01% |
+4,300
| New | +$747K |
|
4414
HNI Corp
HNI
$3.54B
| $696K | ﹤0.01% |
16,565
+731
| +5% | +$30.9K |
|
4415
BlackLine
BL
$1.72B
| $695K | ﹤0.01% |
12,565
-2,733
| -18% | -$151K |
|
|
CAI
4416
Caris Life Sciences
CAI
$6.54B
| $694K | ﹤0.01% |
25,711
+9,720
| +61% | +$274K |
|
4417
The Greenbrier Companies
GBX
$1.42B
| $693K | ﹤0.01% |
14,834
-2,967
| -17% | -$133K |
|
4418
Zillow
ZG
$7.55B
| $692K | ﹤0.01% |
10,146
+1,661
| +20% | +$117K |
|
4419
Invesco DB Energy Fund
DBE
$90.5M
| $692K | ﹤0.01% |
39,632
+88
| +0.2% | +$1.64K |
|
4420
iShares MSCI Thailand ETF
THD
$358M
| $690K | ﹤0.01% |
11,557
+1,001
| +9% | +$59.8K |
|
4421
Fulton Financial
FULT
$4.59B
| $689K | ﹤0.01% |
35,646
-28,026
| -44% | -$516K |
|
4422
Richtech Robotics
RR
$371M
| $689K | ﹤0.01% |
213,280
+39,206
| +23% | +$173K |
|
4423
Innovator Emerging Markets Power Buffer ETF July
EJUL
$186M
| $688K | ﹤0.01% |
23,209
+419
| +2% | +$12.2K |
|
4424
Cimpress
CMPR
$2.28B
| $688K | ﹤0.01% |
10,329
-1,097
| -10% | -$74.4K |
|
|
JULM
4425
FT Vest U.S. Equity Max Buffer ETF - July
JULM
$29.7M
| $687K | ﹤0.01% |
20,440
-18
| -0.1% | -$600 |
|
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.