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 | |
|---|---|---|---|---|---|---|
|
ABLD
4651
Abacus FCF Real Assets Leaders ETF
ABLD
$96M
| $530K | ﹤0.01% |
18,228
-3,053
| -14% | -$88K |
|
4652
LSB Industries
LXU
$693M
| $530K | ﹤0.01% |
62,342
-9,508
| -13% | -$83.9K |
|
4653
Worthington Enterprises
WOR
$2.86B
| $530K | ﹤0.01% |
10,269
-389
| -4% | -$21.5K |
|
4654
LXP Industrial Trust
LXP
$3.57B
| $529K | ﹤0.01% |
10,678
+58
| +0.5% | +$2.78K |
|
|
NFBK
4655
DELISTED
Northfield Bancorp
NFBK
| $529K | ﹤0.01% |
46,294
-3,996
| -8% | -$44.3K |
|
|
ISBA
4656
Isabella Bank
ISBA
$303M
| $528K | ﹤0.01% |
+10,551
| New | +$446K |
|
4657
VanEck ChiNext Innovators ETF
CNXT
$110M
| $528K | ﹤0.01% |
+12,053
| New | +$513K |
|
4658
U-Haul Holding Co
UHAL
$14.6B
| $526K | ﹤0.01% |
10,443
-3,209
| -24% | -$171K |
|
4659
United Microelectronic
UMC
$46.9B
| $526K | ﹤0.01% |
66,943
-1,236
| -2% | -$9.38K |
|
4660
Varonis Systems
VRNS
$5B
| $526K | ﹤0.01% |
16,032
-2,418
| -13% | -$102K |
|
4661
uniQure
QURE
$3.22B
| $526K | ﹤0.01% |
21,969
-24,145
| -52% | -$932K |
|
4662
KBR
KBR
$4.8B
| $526K | ﹤0.01% |
13,075
-1,739
| -12% | -$74.6K |
|
4663
CALL
Citigroup
C
$226B
| $525K | ﹤0.01% |
4,500
| – | – |
|
|
MCR
4664
DELISTED
MFS Charter Income Trust
MCR
| $525K | ﹤0.01% |
83,733
-50,577
| -38% | -$320K |
|
|
XRN
4665
Chiron Real Estate Inc
XRN
$477M
| $525K | ﹤0.01% |
15,546
-2,797
| -15% | -$91.2K |
|
4666
Southside Bancshares
SBSI
$967M
| $524K | ﹤0.01% |
17,247
-4,621
| -21% | -$135K |
|
|
MCHPP
4667
Microchip Technology Inc 7.50% Series A Preferred Stock
MCHPP
| $524K | ﹤0.01% |
8,984
+1,032
| +13% | +$59.1K |
|
4668
World Kinect Corp
WKC
$1.86B
| $522K | ﹤0.01% |
22,279
-8,436
| -27% | -$208K |
|
4669
Peoples Bancorp
PEBO
$1.47B
| $522K | ﹤0.01% |
17,378
+2,664
| +18% | +$79.1K |
|
|
CAFX
4670
Congress Intermediate Bond ETF
CAFX
$321M
| $522K | ﹤0.01% |
20,853
+37
| +0.2% | +$928 |
|
4671
DXP Enterprises
DXPE
$2.98B
| $520K | ﹤0.01% |
4,735
-19,787
| -81% | -$2.16M |
|
4672
Nuveen Short-Term REIT ETF
NURE
$35.5M
| $520K | ﹤0.01% |
18,458
-4,174
| -18% | -$117K |
|
4673
Franklin Disruptive Commerce ETF
BUYZ
$5.53M
| $519K | ﹤0.01% |
12,942
-861
| -6% | -$35.5K |
|
4674
CALL
iShares US Technology ETF
IYW
$25.5B
| $519K | ﹤0.01% |
2,600
-2,400
| -48% | -$480K |
|
|
QMMY
4675
FT Vest Nasdaq-100 Moderate Buffer ETF - May
QMMY
$151M
| $519K | ﹤0.01% |
20,727
+2,351
| +13% | +$58.1K |
|
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.