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 S&P 500 Value ETF
IVE
|
+$517M |
| 2 |
Capital Group Dividend Value ETF
CGDV
|
+$468M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$367M |
| 4 |
Capital Group Growth ETF
CGGR
|
+$301M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$293M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$461M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$130M |
| 3 |
BSCP
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
|
+$119M |
| 4 |
Schwab US Dividend Equity ETF
SCHD
|
+$113M |
| 5 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$103M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.6% |
| 2 | Financials | 3.6% |
| 3 | Consumer Discretionary | 2.68% |
| 4 | Communication Services | 2.56% |
| 5 | Healthcare | 2.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EMF
4576
Templeton Emerging Markets Fund
EMF
$326M
| $587K | ﹤0.01% |
34,451
+7,166
| +26% | +$122K |
|
4577
PUT
Boeing
BA
$185B
| $586K | ﹤0.01% |
2,700
-1,000
| -27% | -$206K |
|
4578
Peoples Financial Services
PFIS
$707M
| $586K | ﹤0.01% |
12,032
-3,648
| -23% | -$176K |
|
4579
Genelux
GNLX
$119M
| $586K | ﹤0.01% |
134,357
+24,580
| +22% | +$133K |
|
4580
Teekay Tankers
TNK
$2.68B
| $584K | ﹤0.01% |
10,926
-139
| -1% | -$7.8K |
|
|
NTST
4581
NETSTREIT Corp
NTST
$2.1B
| $584K | ﹤0.01% |
33,087
-603
| -2% | -$11K |
|
4582
Goldman Sachs Innovate Equity ETF
GINN
$213M
| $582K | ﹤0.01% |
7,967
+757
| +10% | +$56.2K |
|
4583
Evolv Technologies
EVLV
$1.1B
| $582K | ﹤0.01% |
81,331
+29,123
| +56% | +$207K |
|
4584
Quest Resource Holding
QRHC
$31.6M
| $581K | ﹤0.01% |
312,480
+1,200
| +0.4% | +$2.03K |
|
4585
iRhythm Holdings
IRTC
$4.2B
| $581K | ﹤0.01% |
3,275
+253
| +8% | +$44.8K |
|
4586
Rhythm Pharmaceuticals
RYTM
$7.96B
| $581K | ﹤0.01% |
5,427
+1,437
| +36% | +$152K |
|
4587
United States Lime & Minerals
USLM
$3.44B
| $579K | ﹤0.01% |
4,838
-1,188
| -20% | -$147K |
|
4588
Coastal Financial
CCB
$693M
| $578K | ﹤0.01% |
5,044
+1,233
| +32% | +$135K |
|
4589
Dana Inc
DAN
$3.06B
| $577K | ﹤0.01% |
24,285
+2,879
| +13% | +$60.9K |
|
4590
Arcus Biosciences
RCUS
$3.64B
| $577K | ﹤0.01% |
24,211
+1,302
| +6% | +$26.6K |
|
4591
FT Vest US Equity Enhance & Moderate Buffer ETF August
XAUG
$23.6M
| $577K | ﹤0.01% |
15,404
+2,427
| +19% | +$89.8K |
|
4592
Bitwise Bitcoin ETF
BITB
$2.49B
| $576K | ﹤0.01% |
12,101
+228
| +2% | +$12.4K |
|
4593
M/I Homes
MHO
$3.84B
| $574K | ﹤0.01% |
4,489
+737
| +20% | +$97.4K |
|
4594
AltShares Merger Arbitrage ETF
ARB
$102M
| $573K | ﹤0.01% |
19,704
+377
| +2% | +$10.9K |
|
|
ZOCT
4595
Innovator Equity Defined Protection ETF - 1 Yr October
ZOCT
$105M
| $571K | ﹤0.01% |
21,289
+2,165
| +11% | +$57.8K |
|
4596
Virtus Real Asset Income ETF
VRAI
$18.3M
| $571K | ﹤0.01% |
24,594
-8,722
| -26% | -$207K |
|
|
UROY
4597
Uranium Royalty Corp
UROY
$1.58B
| $568K | ﹤0.01% |
160,522
+10,982
| +7% | +$43K |
|
4598
Cadre Holdings
CDRE
$1.41B
| $568K | ﹤0.01% |
13,906
+1,635
| +13% | +$68K |
|
|
WSR
4599
DELISTED
Whitestone REIT
WSR
| $568K | ﹤0.01% |
40,879
+1,448
| +4% | +$18.7K |
|
4600
Invesco Pennsylvania Value Municipal Income Trust
VPV
$200M
| $568K | ﹤0.01% |
54,268
+11,604
| +27% | +$122K |
|
Similar funds
LPL Financial's Q4 2025 Portfolio in Review
As of Q4 2025, LPL Financial held 6,133 positions worth $366B, up 6.7% from $343B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
LPL Financial deployed $17.7B of net new capital in Q4 2025, opening 355 new positions and adding to 3,269 existing holdings. Its largest new stake was Akre Focus ETF: 2,308,689 shares worth $151M.
By sector, the portfolio is most concentrated in Technology at 8.6% of assets, down from 8.8% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares MSCI USA Quality Factor ETF, an estimated $461M trimmed.
- LPL Financial's largest Q4 2025 buy was Akre Focus ETF: 2,308,689 shares worth $151M.
- LPL Financial added most to iShares S&P 500 Value ETF in Q4 2025, an estimated $517M increase.
- LPL Financial's biggest Q4 2025 reduction was iShares MSCI USA Quality Factor ETF, cutting an estimated $461M.
- LPL Financial fully exited Invesco BulletShares 2025 Corporate Bond ETF in Q4 2025, selling an estimated $119M.
- LPL Financial's ten largest holdings make up 15% of its $366B portfolio in Q4 2025.
- LPL Financial opened 355 new positions and closed 267 in Q4 2025.
- LPL Financial's portfolio value rose 6.7% quarter-over-quarter to $366B.
Based on LPL Financial's 13F filing for Q4 2025, filed 11 Feb 2026.