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 | |
|---|---|---|---|---|---|---|
4676
Ginkgo Bioworks
DNA
$612M
| $473K | ﹤0.01% |
32,413
+951
| +3% | +$11.4K |
|
4677
PUT
Cisco
CSCO
$479B
| $472K | ﹤0.01% |
6,900
-1,000
| -13% | -$68.2K |
|
4678
Tandem Diabetes Care
TNDM
$1.34B
| $472K | ﹤0.01% |
38,874
+1,414
| +4% | +$19.1K |
|
4679
Summit Therapeutics
SMMT
$10.8B
| $471K | ﹤0.01% |
22,793
-17,212
| -43% | -$417K |
|
4680
GDS Holdings
GDS
$6.55B
| $471K | ﹤0.01% |
12,161
-2,264
| -16% | -$80.3K |
|
4681
1st Source
SRCE
$2.17B
| $470K | ﹤0.01% |
7,642
-1,466
| -16% | -$92K |
|
|
AVDL
4682
DELISTED
Avadel Pharmaceuticals
AVDL
| $470K | ﹤0.01% |
30,808
-8,131
| -21% | -$106K |
|
4683
CALL
Uber
UBER
$139B
| $470K | ﹤0.01% |
4,800
+2,600
| +118% | +$243K |
|
4684
Sunstone Hotel Investors
SHO
$2.18B
| $470K | ﹤0.01% |
50,176
+3,876
| +8% | +$35.6K |
|
4685
International General Insurance
IGIC
$1.15B
| $470K | ﹤0.01% |
20,257
+9,968
| +97% | +$239K |
|
4686
Fluence Energy
FLNC
$1.89B
| $470K | ﹤0.01% |
43,480
-2,239
| -5% | -$18.7K |
|
|
MCHPP
4687
Microchip Technology Inc 7.50% Series A Preferred Stock
MCHPP
| $469K | ﹤0.01% |
+7,952
| New | +$499K |
|
4688
PUT
Blackrock
BLK
$176B
| $466K | ﹤0.01% |
400
| – | – |
|
4689
Tidewater
TDW
$3.85B
| $466K | ﹤0.01% |
8,736
+2,899
| +50% | +$159K |
|
|
SVM
4690
Silvercorp Metals
SVM
$2.39B
| $465K | ﹤0.01% |
73,531
-4,340
| -6% | -$21.2K |
|
|
OCCI
4691
OFS Credit Co
OCCI
$72.8M
| $464K | ﹤0.01% |
85,809
-2,817
| -3% | -$16.6K |
|
4692
Remitly
RELY
$5.07B
| $464K | ﹤0.01% |
28,480
+7,646
| +37% | +$137K |
|
4693
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.7B
| $464K | ﹤0.01% |
+1,000
| New | +$451K |
|
4694
Genelux
GNLX
$113M
| $461K | ﹤0.01% |
109,777
+4,940
| +5% | +$17.5K |
|
4695
Nuveen Virginia Quality Municipal Income Fund
NPV
$212M
| $461K | ﹤0.01% |
39,738
+8,633
| +28% | +$97K |
|
4696
Evolus
EOLS
$407M
| $460K | ﹤0.01% |
74,912
+49,760
| +198% | +$388K |
|
4697
PUT
Robinhood
HOOD
$83.4B
| $458K | ﹤0.01% |
3,200
-700
| -18% | -$76.3K |
|
4698
POSCO
PKX
$16.6B
| $458K | ﹤0.01% |
9,306
+1,093
| +13% | +$58.9K |
|
|
CIL
4699
DELISTED
VictoryShares International Volatility Wtd ETF
CIL
| $457K | ﹤0.01% |
+8,858
| New | +$452K |
|
|
DMA
4700
Destra Multi-Alternative Fund
DMA
$67.4M
| $457K | ﹤0.01% |
52,885
-470
| -0.9% | -$4.08K |
|
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.