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 | |
|---|---|---|---|---|---|---|
4676
Universal Technical Institute
UTI
$1.59B
| $519K | ﹤0.01% |
19,846
+4,131
| +26% | +$117K |
|
4677
PUT
Deckers Outdoor
DECK
$13.3B
| $518K | ﹤0.01% |
5,000
| – | – |
|
4678
CTS Corp
CTS
$1.89B
| $518K | ﹤0.01% |
12,087
+152
| +1% | +$6.37K |
|
4679
Insight Enterprises
NSIT
$4.38B
| $518K | ﹤0.01% |
6,359
-1,528
| -19% | -$143K |
|
4680
CNA Financial
CNA
$14.1B
| $518K | ﹤0.01% |
10,849
+1,930
| +22% | +$88.9K |
|
4681
PUT
TSMC
TSM
$2.18T
| $517K | ﹤0.01% |
1,700
-100
| -6% | -$29.3K |
|
4682
BNY Mellon US Mid Cap Core Equity ETF
BKMC
$671M
| $516K | ﹤0.01% |
14,214
-654
| -4% | -$23.7K |
|
4683
CALL
Caterpillar
CAT
$387B
| $516K | ﹤0.01% |
900
+200
| +29% | +$111K |
|
4684
PUT
JPMorgan Chase
JPM
$950B
| $516K | ﹤0.01% |
1,600
-1,000
| -38% | -$310K |
|
4685
PUT
SPDR Gold Trust
GLD
$142B
| $515K | ﹤0.01% |
+1,300
| New | +$496K |
|
4686
Hennessy Sustainable ETF
STNC
$93.4M
| $515K | ﹤0.01% |
15,527
-293
| -2% | -$9.64K |
|
4687
Kodiak Sciences
KOD
$2.84B
| $514K | ﹤0.01% |
+18,399
| New | +$377K |
|
4688
Acquirers Small and Micro Deep Value ETF
DEEP
$28.6M
| $514K | ﹤0.01% |
14,345
+351
| +3% | +$12.4K |
|
4689
Marriott Vacations Worldwide
VAC
$4.25B
| $514K | ﹤0.01% |
8,905
+938
| +12% | +$55.4K |
|
4690
Pacific Biosciences
PACB
$370M
| $513K | ﹤0.01% |
274,247
+60,124
| +28% | +$116K |
|
4691
PUT
AB InBev
BUD
$165B
| $512K | ﹤0.01% |
+8,000
| New | +$497K |
|
4692
Cardlytics
CDLX
$21.5M
| $512K | ﹤0.01% |
44,539
-2,473
| -5% | -$38.2K |
|
4693
The Bancorp
TBBK
$2.84B
| $512K | ﹤0.01% |
7,585
-1,145
| -13% | -$79K |
|
4694
UWM Holdings
UWMC
$434M
| $512K | ﹤0.01% |
116,873
-97,147
| -45% | -$523K |
|
|
GENZ
4695
VanEck Digital Native Economy ETF
GENZ
$17.6M
| $511K | ﹤0.01% |
12,501
+161
| +1% | +$6.72K |
|
|
KDEC
4696
Innovator U.S. Small Cap Power Buffer ETF - December
KDEC
$73.5M
| $510K | ﹤0.01% |
+19,965
| New | +$510K |
|
|
FOLD
4697
DELISTED
Amicus Therapeutics
FOLD
| $510K | ﹤0.01% |
35,805
-10,082
| -22% | -$99K |
|
4698
Fidelity US Multifactor ETF
FLRG
$300M
| $510K | ﹤0.01% |
13,426
-2,212
| -14% | -$84.2K |
|
4699
InMode
INMD
$880M
| $509K | ﹤0.01% |
34,653
-20,089
| -37% | -$296K |
|
4700
Innovator Emerging Markets Power Buffer ETF April
EAPR
$101M
| $509K | ﹤0.01% |
17,134
+3,068
| +22% | +$90.2K |
|
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.