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 | |
|---|---|---|---|---|---|---|
426
Fidelity MSCI Information Technology Index ETF
FTEC
$18.9B
| $135M | 0.04% |
608,862
+56,699
| +10% | +$11.8M |
|
427
Robinhood
HOOD
$80.7B
| $135M | 0.04% |
943,915
+157,458
| +20% | +$17.2M |
|
428
iShares Morningstar Growth ETF
ILCG
$3B
| $135M | 0.04% |
1,294,471
-49,953
| -4% | -$5.02M |
|
429
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.13B
| $135M | 0.04% |
952,166
+69,473
| +8% | +$9.59M |
|
430
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.07B
| $135M | 0.04% |
4,526,392
+1,334,242
| +42% | +$39.1M |
|
431
Schwab International Equity ETF
SCHF
$64.9B
| $134M | 0.04% |
5,773,868
+213,448
| +4% | +$4.82M |
|
432
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.3B
| $134M | 0.04% |
2,557,666
+1,000,013
| +64% | +$51.6M |
|
433
Comcast
CMCSA
$87.3B
| $133M | 0.04% |
4,234,209
+169,903
| +4% | +$5.69M |
|
434
Capital Group Short Duration Income ETF
CGSD
$2.39B
| $132M | 0.04% |
5,090,458
+1,134,782
| +29% | +$29.5M |
|
435
Innovator Equity Managed Floor ETF
SFLR
$2.08B
| $132M | 0.04% |
3,655,638
+62,781
| +2% | +$2.19M |
|
436
Analog Devices
ADI
$172B
| $131M | 0.04% |
534,522
+14,823
| +3% | +$3.56M |
|
437
Invesco Equal Weight 0-30 Year Treasury ETF
GOVI
$1.22B
| $131M | 0.04% |
4,720,592
+782,895
| +20% | +$21.5M |
|
438
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF
QDPL
$1.67B
| $131M | 0.04% |
3,118,871
+651,655
| +26% | +$26.5M |
|
439
Parker-Hannifin
PH
$120B
| $131M | 0.04% |
172,335
+45,080
| +35% | +$33.3M |
|
440
Global X S&P 500 Covered Call ETF
XYLD
$3.19B
| $130M | 0.04% |
3,323,189
-3,531
| -0.1% | -$138K |
|
441
Amphenol
APH
$185B
| $130M | 0.04% |
1,053,149
+128,195
| +14% | +$14.1M |
|
442
iShares Global 100 ETF
IOO
$8.62B
| $130M | 0.04% |
1,084,544
+169,984
| +19% | +$19.3M |
|
443
ConocoPhillips
COP
$144B
| $130M | 0.04% |
1,375,169
+144,838
| +12% | +$13.7M |
|
444
T-Mobile US
TMUS
$195B
| $130M | 0.04% |
542,086
+27,126
| +5% | +$6.57M |
|
445
Energy Transfer Partners
ET
$69.5B
| $128M | 0.04% |
7,460,456
+1,153,606
| +18% | +$20.2M |
|
446
Vanguard Financials ETF
VFH
$13.4B
| $127M | 0.04% |
970,909
+100,064
| +11% | +$13M |
|
447
Mercado Libre
MELI
$94.5B
| $127M | 0.04% |
54,443
+2,593
| +5% | +$6.22M |
|
448
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.6B
| $127M | 0.04% |
2,928,450
+338,947
| +13% | +$14.6M |
|
449
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.06B
| $126M | 0.04% |
2,487,387
+58,003
| +2% | +$2.94M |
|
450
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
| $126M | 0.04% |
2,320,462
-115,038
| -5% | -$6.15M |
|
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.