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 | |
|---|---|---|---|---|---|---|
4751
Pricesmart
PSMT
$5.76B
| $427K | ﹤0.01% |
3,523
+995
| +39% | +$110K |
|
4752
Foster
FSTR
$438M
| $426K | ﹤0.01% |
15,807
+3,443
| +28% | +$85.3K |
|
4753
Innovator Premium Income 20 Barrier ETF April
APRH
$25.2M
| $426K | ﹤0.01% |
+17,183
| New | +$429K |
|
|
CWEN.A
4754
DELISTED
Clearway Energy Class A
CWEN.A
| $426K | ﹤0.01% |
15,803
+1,761
| +13% | +$50.4K |
|
4755
Amplify Travel Tech ETF
AWAY
$27.1M
| $425K | ﹤0.01% |
19,074
+1,944
| +11% | +$42.9K |
|
4756
PUT
Arm
ARM
$293B
| $424K | ﹤0.01% |
+3,000
| New | +$437K |
|
4757
Business First Bancshares
BFST
$1.04B
| $424K | ﹤0.01% |
17,978
-3,689
| -17% | -$91.3K |
|
4758
Invesco CurrencyShares Australian Dollar Trust
FXA
$97.8M
| $424K | ﹤0.01% |
6,474
-1,957
| -23% | -$127K |
|
4759
Hanover Bancorp
HNVR
$194M
| $424K | ﹤0.01% |
18,874
| – | – |
|
4760
Woodside Energy
WDS
$41.9B
| $424K | ﹤0.01% |
28,147
-242
| -0.9% | -$3.99K |
|
|
PFO
4761
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$119M
| $424K | ﹤0.01% |
43,444
-3,113
| -7% | -$29.2K |
|
4762
Gibraltar Industries
ROCK
$1.63B
| $423K | ﹤0.01% |
6,741
+526
| +8% | +$32.9K |
|
|
GUG
4763
Guggenheim Active Allocation Fund
GUG
$508M
| $423K | ﹤0.01% |
27,130
+2,310
| +9% | +$36.1K |
|
4764
Alarm.com
ALRM
$2.8B
| $423K | ﹤0.01% |
7,967
-106
| -1% | -$5.92K |
|
4765
Orion Group Holdings
ORN
$418M
| $423K | ﹤0.01% |
50,788
+7,710
| +18% | +$60.8K |
|
4766
Esquire Financial Holdings
ESQ
$1.14B
| $423K | ﹤0.01% |
+4,140
| New | +$408K |
|
4767
Lear
LEA
$6.18B
| $422K | ﹤0.01% |
4,195
-405
| -9% | -$42.1K |
|
4768
SEI QiM U.S. Large Cap Low Volatility Active ETF
SELV
$260M
| $422K | ﹤0.01% |
13,209
+310
| +2% | +$9.69K |
|
4769
indie Semiconductor
INDI
$716M
| $421K | ﹤0.01% |
103,379
+54,683
| +112% | +$225K |
|
4770
CALL
Devon Energy
DVN
$48.5B
| $421K | ﹤0.01% |
12,000
-4,000
| -25% | -$136K |
|
4771
Janus International
JBI
$769M
| $420K | ﹤0.01% |
42,596
+863
| +2% | +$8.32K |
|
4772
Clearfield
CLFD
$459M
| $420K | ﹤0.01% |
12,217
-511
| -4% | -$19K |
|
4773
GrowGeneration
GRWG
$88.9M
| $419K | ﹤0.01% |
224,229
+1,185
| +0.5% | +$1.62K |
|
4774
Astronics
ATRO
$3.81B
| $418K | ﹤0.01% |
11,009
-657
| -6% | -$20K |
|
|
BBNX
4775
Beta Bionics
BBNX
$626M
| $418K | ﹤0.01% |
21,030
+4,545
| +28% | +$79.9K |
|
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.