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 | |
|---|---|---|---|---|---|---|
4551
Espey Mfg & Electronics Corp
ESP
$184M
| $544K | ﹤0.01% |
13,726
-11,043
| -45% | -$516K |
|
4552
CALL
iShares Semiconductor ETF
SOXX
$47.6B
| $542K | ﹤0.01% |
+2,000
| New | +$499K |
|
4553
M/I Homes
MHO
$3.75B
| $542K | ﹤0.01% |
3,752
-515
| -12% | -$69.7K |
|
|
ARDC
4554
Are Dynamic Credit Allocation Fund
ARDC
$297M
| $541K | ﹤0.01% |
38,445
+4,272
| +13% | +$61.9K |
|
4555
FT Vest US Equity Enhance & Moderate Buffer ETF October
XOCT
$72.9M
| $541K | ﹤0.01% |
14,671
-5,746
| -28% | -$209K |
|
4556
Aligos Therapeutics
ALGS
$29.6M
| $540K | ﹤0.01% |
55,120
+25,020
| +83% | +$229K |
|
4557
Orange County Bancorp
OBT
$524M
| $540K | ﹤0.01% |
21,410
-150
| -0.7% | -$3.92K |
|
4558
FTI Consulting
FCN
$4.16B
| $539K | ﹤0.01% |
3,337
-841
| -20% | -$140K |
|
4559
BNY Mellon US Mid Cap Core Equity ETF
BKMC
$666M
| $538K | ﹤0.01% |
14,868
-3,462
| -19% | -$123K |
|
4560
Precigen
PGEN
$2.48B
| $538K | ﹤0.01% |
163,424
+146,100
| +843% | +$412K |
|
4561
National Presto Industries
NPK
$1.01B
| $537K | ﹤0.01% |
4,790
-248
| -5% | -$26.3K |
|
|
DEFT
4562
Defi Technologies
DEFT
$186M
| $536K | ﹤0.01% |
254,183
+197,075
| +345% | +$510K |
|
4563
MasterBrand
MBC
$1.14B
| $536K | ﹤0.01% |
40,716
+7,542
| +23% | +$93.3K |
|
|
PLGO
4564
Pelagos Insurance Capital
PLGO
$2.2B
| $536K | ﹤0.01% |
29,532
-29,426
| -50% | -$491K |
|
|
JANM
4565
FT U.S. Equity Max Buffer ETF - January
JANM
$36.7M
| $536K | ﹤0.01% |
16,523
+825
| +5% | +$26.5K |
|
4566
ROBO Global Healthcare Technology and Innovation ETF
HTEC
$71.4M
| $534K | ﹤0.01% |
17,304
+28
| +0.2% | +$829 |
|
4567
Global X Hydrogen ETF
HYDR
$99.1M
| $534K | ﹤0.01% |
15,502
+4,826
| +45% | +$128K |
|
4568
Fidelity Crypto Industry and Digital Payments ETF
FDIG
$254M
| $534K | ﹤0.01% |
10,871
+1,079
| +11% | +$43.6K |
|
4569
United Fire Group
UFCS
$1.4B
| $533K | ﹤0.01% |
17,534
+1,605
| +10% | +$47.3K |
|
4570
Goldman Sachs Innovate Equity ETF
GINN
$211M
| $532K | ﹤0.01% |
7,210
-387
| -5% | -$27.1K |
|
4571
ICL Group
ICL
$6.79B
| $532K | ﹤0.01% |
85,523
+12,578
| +17% | +$80.8K |
|
4572
Tower Semiconductor
TSEM
$24.9B
| $531K | ﹤0.01% |
7,350
-2,283
| -24% | -$125K |
|
4573
Marriott Vacations Worldwide
VAC
$3.97B
| $530K | ﹤0.01% |
7,967
-897
| -10% | -$69.2K |
|
4574
Costamare
CMRE
$1.79B
| $530K | ﹤0.01% |
44,510
+29,800
| +203% | +$326K |
|
4575
Frontdoor
FTDR
$5.98B
| $530K | ﹤0.01% |
7,877
+1,122
| +17% | +$68.3K |
|
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.