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 | |
|---|---|---|---|---|---|---|
4701
Cerence
CRNC
$414M
| $507K | ﹤0.01% |
47,448
-18,123
| -28% | -$199K |
|
4702
Foster
FSTR
$432M
| $507K | ﹤0.01% |
18,806
+2,999
| +19% | +$80.9K |
|
4703
DXC Technology
DXC
$1.73B
| $506K | ﹤0.01% |
34,566
+12,939
| +60% | +$178K |
|
4704
Goldman Sachs MarketBeta Emerging Markets Equity ETF
GSEE
$135M
| $506K | ﹤0.01% |
8,988
+3,195
| +55% | +$181K |
|
4705
iShares MSCI China A ETF
CNYA
$208M
| $505K | ﹤0.01% |
14,612
+8,602
| +143% | +$294K |
|
4706
National Presto Industries
NPK
$989M
| $505K | ﹤0.01% |
4,728
-62
| -1% | -$6.5K |
|
4707
Civista Bancshares
CIVB
$589M
| $504K | ﹤0.01% |
22,675
+10,041
| +79% | +$222K |
|
4708
Avient
AVNT
$4.19B
| $504K | ﹤0.01% |
16,123
-1,318
| -8% | -$40.8K |
|
4709
PUT
Dell
DELL
$293B
| $504K | ﹤0.01% |
4,000
+2,000
| +100% | +$282K |
|
4710
PUT
PepsiCo
PEP
$190B
| $502K | ﹤0.01% |
+3,500
| New | +$514K |
|
|
EHI
4711
Western Asset Global High Income Fund
EHI
$178M
| $502K | ﹤0.01% |
78,322
-22,609
| -22% | -$144K |
|
4712
PagSeguro Digital
PAGS
$2.55B
| $502K | ﹤0.01% |
52,035
+35,806
| +221% | +$343K |
|
4713
First Trust Structured Credit Income Opportunities ETF
SCIO
$522M
| $501K | ﹤0.01% |
+24,106
| New | +$502K |
|
|
DFSE
4714
Dimensional Emerging Markets Sustainability Core 1 ETF
DFSE
$628M
| $501K | ﹤0.01% |
12,080
-290
| -2% | -$12K |
|
4715
Strive Enhanced Income Short Maturity ETF
BUXX
$490M
| $501K | ﹤0.01% |
24,752
| – | – |
|
4716
PROG Holdings
PRG
$1.71B
| $501K | ﹤0.01% |
16,987
-560
| -3% | -$16.7K |
|
4717
WillScot Mobile Mini Holdings
WSC
$4.41B
| $499K | ﹤0.01% |
26,501
-28,928
| -52% | -$583K |
|
4718
ProShares MSCI Europe Dividend Growers ETF
EUDV
$8.64M
| $497K | ﹤0.01% |
9,515
-37
| -0.4% | -$1.93K |
|
4719
i3 Verticals
IIIV
$342M
| $497K | ﹤0.01% |
19,736
-246
| -1% | -$6.92K |
|
4720
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.6B
| $497K | ﹤0.01% |
15,121
-2,452
| -14% | -$80.4K |
|
|
GRDN
4721
Guardian Pharmacy Services
GRDN
$2.78B
| $496K | ﹤0.01% |
16,498
-2,464
| -13% | -$69.7K |
|
4722
Owlet
OWLT
$160M
| $496K | ﹤0.01% |
30,623
+19,906
| +186% | +$226K |
|
|
SEM
4723
DELISTED
Select Medical
SEM
| $496K | ﹤0.01% |
33,386
+2,003
| +6% | +$28.3K |
|
|
VOYG
4724
Voyager Technologies
VOYG
$2.54B
| $495K | ﹤0.01% |
+18,942
| New | +$514K |
|
4725
SGI Dynamic Tactical ETF
DYTA
$107M
| $495K | ﹤0.01% |
16,953
-10,471
| -38% | -$307K |
|
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.