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 | |
|---|---|---|---|---|---|---|
4476
TMC The Metals Company
TMC
$1.79B
| $600K | ﹤0.01% |
94,239
-1,501
| -2% | -$9K |
|
4477
PUT
Zscaler
ZS
$26.2B
| $599K | ﹤0.01% |
+2,000
| New | +$570K |
|
4478
Genworth Financial
GNW
$3.75B
| $598K | ﹤0.01% |
67,219
+34,324
| +104% | +$283K |
|
4479
Matthews Emerging Markets Equity Active ETF
MEM
$52.8M
| $598K | ﹤0.01% |
16,501
+1,000
| +6% | +$33.9K |
|
4480
BridgeBio Pharma
BBIO
$16.3B
| $597K | ﹤0.01% |
11,503
+6,456
| +128% | +$315K |
|
4481
Brady Corp
BRC
$4.63B
| $597K | ﹤0.01% |
7,652
+1,993
| +35% | +$147K |
|
|
SYSB
4482
iShares Systematic Bond ETF
SYSB
$1.17B
| $594K | ﹤0.01% |
6,602
-274
| -4% | -$24.4K |
|
|
NFBK
4483
DELISTED
Northfield Bancorp
NFBK
| $593K | ﹤0.01% |
50,290
+4,563
| +10% | +$52.4K |
|
4484
FT Vest International Equity Buffer ETF June
YJUN
$141M
| $593K | ﹤0.01% |
23,639
+4,912
| +26% | +$121K |
|
|
SPBX
4485
AllianzIM 6 Month Buffer10 Allocation ETF
SPBX
$70.6M
| $592K | ﹤0.01% |
+22,049
| New | +$582K |
|
4486
Worthington Enterprises
WOR
$2.86B
| $591K | ﹤0.01% |
10,658
+193
| +2% | +$12.2K |
|
4487
Flotek Industries
FTK
$1.28B
| $591K | ﹤0.01% |
+40,490
| New | +$512K |
|
4488
AMN Healthcare
AMN
$1.23B
| $590K | ﹤0.01% |
30,494
+1,642
| +6% | +$32.1K |
|
|
JPXN
4489
iShares JPX-Nikkei 400 ETF
JPXN
$139M
| $590K | ﹤0.01% |
6,919
-320
| -4% | -$26.4K |
|
4490
Scholar Rock
SRRK
$6.13B
| $585K | ﹤0.01% |
15,701
+1,415
| +10% | +$49.5K |
|
|
DMC
4491
Del Monte Corp
DMC
$1.41B
| $584K | ﹤0.01% |
+16,832
| New | +$596K |
|
4492
Flywire
FLYW
$2.32B
| $582K | ﹤0.01% |
42,996
+8,564
| +25% | +$105K |
|
4493
Biohaven
BHVN
$2.12B
| $582K | ﹤0.01% |
38,771
+9,661
| +33% | +$141K |
|
4494
OptimizeRx
OPRX
$127M
| $582K | ﹤0.01% |
28,375
+1,985
| +8% | +$31.5K |
|
4495
Cohen & Steers Real Estate Opportunities and Income Fund
RLTY
$264M
| $581K | ﹤0.01% |
38,052
+20,504
| +117% | +$316K |
|
4496
XP
XP
$8.68B
| $581K | ﹤0.01% |
30,921
+1,638
| +6% | +$29.4K |
|
4497
Teucrium Corn Fund
CORN
$167M
| $580K | ﹤0.01% |
+33,238
| New | +$579K |
|
4498
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.58B
| $580K | ﹤0.01% |
17,573
-3,534
| -17% | -$106K |
|
|
MQT
4499
DELISTED
BlackRock MuniYield Quality Fund II
MQT
| $578K | ﹤0.01% |
57,642
-22,687
| -28% | -$219K |
|
|
EMTL
4500
DELISTED
State Street DoubleLine Emerging Markets Fixed Income ETF
EMTL
| $578K | ﹤0.01% |
13,156
-6,876
| -34% | -$299K |
|
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.