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 | |
|---|---|---|---|---|---|---|
4576
PUT
e.l.f. Beauty
ELF
$5.09B
| $530K | ﹤0.01% |
+4,000
| New | +$493K |
|
4577
Kohl's
KSS
$2.23B
| $530K | ﹤0.01% |
34,474
+1,405
| +4% | +$18.7K |
|
|
HIMX
4578
Himax Technologies
HIMX
$2.33B
| $529K | ﹤0.01% |
59,951
-9,009
| -13% | -$77.3K |
|
4579
Innospec
IOSP
$2.27B
| $528K | ﹤0.01% |
6,846
+153
| +2% | +$12.8K |
|
4580
IAMGOLD
IAG
$8.55B
| $527K | ﹤0.01% |
40,796
-32,298
| -44% | -$283K |
|
4581
DoubleLine Mortgage ETF
DMBS
$701M
| $524K | ﹤0.01% |
10,549
+5,533
| +110% | +$272K |
|
|
TCPB
4582
Thrivent Core Plus Bond ETF
TCPB
$472M
| $524K | ﹤0.01% |
+10,174
| New | +$519K |
|
4583
Materion
MTRN
$6.18B
| $522K | ﹤0.01% |
4,324
+5
| +0.1% | +$525 |
|
4584
Main International ETF
INTL
$244M
| $522K | ﹤0.01% |
18,784
-2,083
| -10% | -$55.4K |
|
4585
Shenandoah Telecom
SHEN
$720M
| $522K | ﹤0.01% |
38,915
+125
| +0.3% | +$1.72K |
|
|
CAFX
4586
Congress Intermediate Bond ETF
CAFX
$321M
| $521K | ﹤0.01% |
20,816
+530
| +3% | +$13.2K |
|
4587
iRhythm Holdings
IRTC
$4.09B
| $520K | ﹤0.01% |
3,022
-1,440
| -32% | -$229K |
|
4588
Bit Digital
BTBT
$482M
| $520K | ﹤0.01% |
173,222
+126,332
| +269% | +$383K |
|
|
NREF
4589
NexPoint Real Estate Finance
NREF
$319M
| $519K | ﹤0.01% |
36,577
+8,485
| +30% | +$122K |
|
4590
PUT
Vanguard S&P 500 Value ETF
VOOV
$6.69B
| $519K | ﹤0.01% |
+2,600
| New | +$505K |
|
4591
PUT
Peabody Energy
BTU
$2.78B
| $517K | ﹤0.01% |
19,500
-88,900
| -82% | -$1.58M |
|
4592
American Eagle Outfitters
AEO
$2.99B
| $517K | ﹤0.01% |
30,217
+12,871
| +74% | +$176K |
|
4593
Hennessy Sustainable ETF
STNC
$93.6M
| $517K | ﹤0.01% |
15,820
-1,863
| -11% | -$59.8K |
|
4594
United Microelectronic
UMC
$48.4B
| $517K | ﹤0.01% |
68,179
+9,690
| +17% | +$68.7K |
|
4595
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
TLTE
$346M
| $516K | ﹤0.01% |
8,181
+1,157
| +16% | +$70.3K |
|
|
USARW
4596
DELISTED
USA Rare Earth Inc Warrant
USARW
| $516K | ﹤0.01% |
71,500
+61,230
| +596% | +$304K |
|
4597
Surgery Partners
SGRY
$2B
| $516K | ﹤0.01% |
23,842
+4,150
| +21% | +$92.6K |
|
4598
CALL
Robinhood
HOOD
$83.4B
| $515K | ﹤0.01% |
3,600
-2,500
| -41% | -$273K |
|
|
MYCJ
4599
State Street My2030 Corporate Bond ETF
MYCJ
$46.5M
| $515K | ﹤0.01% |
20,538
+5,408
| +36% | +$135K |
|
4600
Nuveen New York Municipal Value Fund
NNY
$156M
| $514K | ﹤0.01% |
62,274
-9,385
| -13% | -$76.2K |
|
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.