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 | |
|---|---|---|---|---|---|---|
4776
Unitil
UTL
$964M
| $417K | ﹤0.01% |
8,716
+194
| +2% | +$9.47K |
|
4777
Gold Royalty Corp
GROY
$665M
| $417K | ﹤0.01% |
108,067
-9,933
| -8% | -$30.7K |
|
4778
Navios Maritime Partners
NMM
$2.22B
| $417K | ﹤0.01% |
+9,254
| New | +$410K |
|
4779
Denison Mines
DNN
$2.78B
| $417K | ﹤0.01% |
151,488
+18,550
| +14% | +$41K |
|
4780
iShares iBonds Oct 2027 Term TIPS ETF
IBID
$118M
| $415K | ﹤0.01% |
+15,808
| New | +$413K |
|
4781
Wolverine World Wide
WWW
$1.6B
| $415K | ﹤0.01% |
15,129
-10,210
| -40% | -$269K |
|
4782
PUT
Jackson Financial
JXN
$9.38B
| $415K | ﹤0.01% |
4,100
-2,500
| -38% | -$234K |
|
|
MRCC
4783
DELISTED
Monroe Capital Corp
MRCC
| $415K | ﹤0.01% |
59,056
+501
| +0.9% | +$3.44K |
|
4784
Carter Bankshares
CARE
$779M
| $415K | ﹤0.01% |
21,357
| – | – |
|
|
JHS
4785
John Hancock Income Securities Trust
JHS
$127M
| $414K | ﹤0.01% |
35,499
+9,008
| +34% | +$103K |
|
4786
CNA Financial
CNA
$14.2B
| $414K | ﹤0.01% |
8,919
+335
| +4% | +$15.5K |
|
4787
PUT
Zoom
ZM
$29.3B
| $413K | ﹤0.01% |
+5,000
| New | +$390K |
|
4788
Coastal Financial
CCB
$700M
| $412K | ﹤0.01% |
3,811
+698
| +22% | +$74K |
|
4789
JetBlue
JBLU
$2.4B
| $412K | ﹤0.01% |
83,712
-6,120
| -7% | -$29.4K |
|
4790
Navient
NAVI
$857M
| $412K | ﹤0.01% |
31,314
-2,382
| -7% | -$32.3K |
|
4791
BOK Financial
BOKF
$8.81B
| $411K | ﹤0.01% |
3,692
-908
| -20% | -$97K |
|
|
MDV
4792
Modiv Industrial
MDV
$176M
| $411K | ﹤0.01% |
28,071
+2,201
| +9% | +$32.5K |
|
|
CRWV
4793
PUT
CoreWeave
CRWV
$49.7B
| $411K | ﹤0.01% |
+3,000
| New | +$355K |
|
4794
Innovator Emerging Markets Power Buffer ETF April
EAPR
$98.5M
| $410K | ﹤0.01% |
14,066
-164
| -1% | -$4.68K |
|
4795
Simulations Plus
SLP
$371M
| $409K | ﹤0.01% |
27,164
+13,905
| +105% | +$202K |
|
4796
Vident International Equity Strategy
VIDI
$442M
| $409K | ﹤0.01% |
12,746
+535
| +4% | +$16.5K |
|
|
ACLC
4797
American Century Large Cap Equity ETF
ACLC
$323M
| $409K | ﹤0.01% |
5,293
-545
| -9% | -$40.7K |
|
4798
Avantis All Equity Markets Value ETF
AVGV
$430M
| $407K | ﹤0.01% |
+5,792
| New | +$394K |
|
4799
CPS Technologies
CPSH
$84.4M
| $407K | ﹤0.01% |
+114,098
| New | +$354K |
|
4800
Green Plains
GPRE
$1.18B
| $407K | ﹤0.01% |
46,262
+15,622
| +51% | +$137K |
|
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.