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 | |
|---|---|---|---|---|---|---|
|
BRSL
4451
Brightstar Lottery PLC
BRSL
$1.99B
| $617K | ﹤0.01% |
35,774
-9,588
| -21% | -$153K |
|
4452
Invesco Mortgage Capital
IVR
$759M
| $617K | ﹤0.01% |
81,581
+17,191
| +27% | +$131K |
|
4453
Cytokinetics
CYTK
$10.9B
| $616K | ﹤0.01% |
11,201
-8,577
| -43% | -$353K |
|
|
SLSR
4454
Solaris Resources
SLSR
$1.32B
| $615K | ﹤0.01% |
+96,583
| New | +$513K |
|
4455
DigitalBridge
DBRG
$2.95B
| $615K | ﹤0.01% |
52,529
+10,759
| +26% | +$120K |
|
4456
Intuitive Machines
LUNR
$2.38B
| $613K | ﹤0.01% |
58,232
+20,485
| +54% | +$208K |
|
4457
Euroseas
ESEA
$542M
| $613K | ﹤0.01% |
10,276
+3,345
| +48% | +$188K |
|
|
ABLD
4458
Abacus FCF Real Assets Leaders ETF
ABLD
$95M
| $612K | ﹤0.01% |
21,281
+375
| +2% | +$10.8K |
|
4459
Kulicke & Soffa
KLIC
$4.7B
| $612K | ﹤0.01% |
15,061
-383
| -2% | -$14.2K |
|
4460
CALL
Eli Lilly
LLY
$1.05T
| $610K | ﹤0.01% |
800
+400
| +100% | +$298K |
|
|
4461
PUT
Eli Lilly
LLY
$1.05T
| $610K | ﹤0.01% |
800
+100
| +14% | +$74.4K |
|
4462
Innovator US Equity Ultra Buffer ETF March
UMAR
$195M
| $610K | ﹤0.01% |
15,645
+126
| +0.8% | +$4.83K |
|
|
NTST
4463
NETSTREIT Corp
NTST
$2.14B
| $608K | ﹤0.01% |
33,690
+3,244
| +11% | +$58.7K |
|
|
XMAY
4464
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May
XMAY
$19.2M
| $607K | ﹤0.01% |
17,739
-67
| -0.4% | -$2.26K |
|
4465
908 Devices
MASS
$346M
| $606K | ﹤0.01% |
69,173
-11,330
| -14% | -$75.3K |
|
4466
Kforce
KFRC
$1.04B
| $605K | ﹤0.01% |
20,173
+2,116
| +12% | +$75K |
|
4467
Franklin Disruptive Commerce ETF
BUYZ
$5.48M
| $605K | ﹤0.01% |
13,803
+692
| +5% | +$29.1K |
|
4468
Choiceone Financial
COFS
$516M
| $604K | ﹤0.01% |
20,847
+751
| +4% | +$22.4K |
|
4469
Belden
BDC
$5.07B
| $604K | ﹤0.01% |
5,018
+1,500
| +43% | +$189K |
|
4470
Ligand Pharmaceuticals
LGND
$6.3B
| $604K | ﹤0.01% |
3,407
-1,759
| -34% | -$261K |
|
4471
Minerals Technologies
MTX
$2.37B
| $603K | ﹤0.01% |
9,701
+1,529
| +19% | +$93.3K |
|
4472
Winnebago Industries
WGO
$892M
| $603K | ﹤0.01% |
18,018
-4,099
| -19% | -$135K |
|
4473
Impact Shares NAACP Minority Empowerment ETF
NACP
$76.4M
| $602K | ﹤0.01% |
12,630
+70
| +0.6% | +$3.15K |
|
4474
Instil Bio
TIL
$48.9M
| $602K | ﹤0.01% |
+33,687
| New | +$855K |
|
4475
Fidelity US Multifactor ETF
FLRG
$298M
| $601K | ﹤0.01% |
15,638
-4,673
| -23% | -$173K |
|
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.