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 | |
|---|---|---|---|---|---|---|
4501
CALL
Upexi
UPXI
$60.8M
| $577K | ﹤0.01% |
+100,000
| New | +$608K |
|
4502
Birkenstock
BIRK
$6.82B
| $576K | ﹤0.01% |
12,738
+410
| +3% | +$20.1K |
|
4503
Avient
AVNT
$3.94B
| $575K | ﹤0.01% |
17,441
+775
| +5% | +$27K |
|
4504
Tilray
TLRY
$614M
| $574K | ﹤0.01% |
33,199
+4,496
| +16% | +$43K |
|
4505
Hertz
HTZ
$562M
| $574K | ﹤0.01% |
84,433
-22,901
| -21% | -$147K |
|
4506
Loar Holdings
LOAR
$6.94B
| $574K | ﹤0.01% |
7,174
-3,229
| -31% | -$243K |
|
4507
QuinStreet
QNST
$874M
| $574K | ﹤0.01% |
37,087
+128
| +0.3% | +$2.03K |
|
4508
Global X E-commerce ETF
EBIZ
$29M
| $572K | ﹤0.01% |
16,328
+710
| +5% | +$23.5K |
|
4509
Calix
CALX
$2.38B
| $572K | ﹤0.01% |
9,321
-32
| -0.3% | -$1.84K |
|
4510
iShares MSCI Turkey ETF
TUR
$213M
| $572K | ﹤0.01% |
16,701
+6,037
| +57% | +$205K |
|
4511
iShares iBonds 2030 Term High Yield and Income ETF
IBHJ
$152M
| $571K | ﹤0.01% |
21,308
+5,003
| +31% | +$133K |
|
4512
Dakota Gold
DC
$737M
| $570K | ﹤0.01% |
125,183
+45,800
| +58% | +$193K |
|
4513
PROG Holdings
PRG
$1.76B
| $568K | ﹤0.01% |
17,547
+294
| +2% | +$9.64K |
|
|
HAPN
4514
Happen Inc
HAPN
$2.3B
| $567K | ﹤0.01% |
37,355
+10,326
| +38% | +$157K |
|
4515
LSB Industries
LXU
$709M
| $566K | ﹤0.01% |
71,850
+2,100
| +3% | +$17K |
|
4516
PGIM Jennison Focused Growth ETF
PJFG
$141M
| $564K | ﹤0.01% |
5,108
+4
| +0.1% | +$425 |
|
|
AUGO
4517
Aura Minerals Inc
AUGO
$5.5B
| $562K | ﹤0.01% |
+15,100
| New | +$434K |
|
4518
Ferrovial N.V. Ordinary Shares
FER
$47.2B
| $562K | ﹤0.01% |
9,677
+2,445
| +34% | +$132K |
|
4519
Eaton Vance Intermediate Municipal Income ETF
EVIM
$268M
| $561K | ﹤0.01% |
+10,695
| New | +$553K |
|
4520
ManpowerGroup
MAN
$2.56B
| $561K | ﹤0.01% |
14,811
-1,552
| -9% | -$64K |
|
4521
Plexus
PLXS
$7.3B
| $561K | ﹤0.01% |
3,876
-3,316
| -46% | -$448K |
|
4522
AltShares Merger Arbitrage ETF
ARB
$102M
| $560K | ﹤0.01% |
19,327
+1,559
| +9% | +$44.9K |
|
4523
Teekay Tankers
TNK
$2.67B
| $559K | ﹤0.01% |
11,065
-201
| -2% | -$9.53K |
|
4524
Harmonic Inc
HLIT
$1.28B
| $558K | ﹤0.01% |
54,822
+25,377
| +86% | +$239K |
|
4525
ABM Industries
ABM
$2.84B
| $557K | ﹤0.01% |
12,078
+240
| +2% | +$11.4K |
|
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.