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 | |
|---|---|---|---|---|---|---|
|
EIC
4801
Eagle Point Income Co
EIC
$230M
| $454K | ﹤0.01% |
39,761
+5,918
| +17% | +$70.6K |
|
4802
Interface
TILE
$2.22B
| $453K | ﹤0.01% |
16,214
-102,267
| -86% | -$2.79M |
|
4803
WisdomTree New Economy Real Estate Fund
WTRE
$15.8M
| $452K | ﹤0.01% |
21,233
+7,142
| +51% | +$159K |
|
4804
Invesco Oil & Gas Services ETF
PXJ
$61.3M
| $452K | ﹤0.01% |
15,385
+2,147
| +16% | +$62.4K |
|
|
CBC
4805
Central Bancompany Inc
CBC
$8.03B
| $451K | ﹤0.01% |
+19,129
| New | +$450K |
|
|
KLAR
4806
Klarna Group
KLAR
$7.52B
| $450K | ﹤0.01% |
15,557
+1,561
| +11% | +$53.6K |
|
4807
Compass Diversified
CODI
$828M
| $449K | ﹤0.01% |
93,585
-19,575
| -17% | -$124K |
|
4808
First Trust Switzerland AlphaDEX Fund
FSZ
$37.5M
| $449K | ﹤0.01% |
5,607
-30
| -0.5% | -$2.33K |
|
4809
Kemper
KMPR
$1.68B
| $449K | ﹤0.01% |
11,070
-3,716
| -25% | -$159K |
|
4810
Global X E-commerce ETF
EBIZ
$29.5M
| $448K | ﹤0.01% |
13,795
-2,533
| -16% | -$84.2K |
|
4811
Skyward Specialty Insurance
SKWD
$2.58B
| $448K | ﹤0.01% |
8,759
-1,456
| -14% | -$70K |
|
4812
Portillo's
PTLO
$321M
| $447K | ﹤0.01% |
98,460
-4,498
| -4% | -$23.5K |
|
4813
Fiverr
FVRR
$339M
| $447K | ﹤0.01% |
22,618
+14,001
| +162% | +$302K |
|
|
NTSK
4814
Netskope Inc
NTSK
$6.01B
| $447K | ﹤0.01% |
25,479
+15,313
| +151% | +$319K |
|
4815
TriplePoint Venture Growth BDC
TPVG
$211M
| $446K | ﹤0.01% |
68,260
+5,574
| +9% | +$33.4K |
|
4816
CALL
United Parcel Service
UPS
$88.9B
| $446K | ﹤0.01% |
4,500
-3,400
| -43% | -$318K |
|
4817
Cinemark Holdings
CNK
$4.32B
| $445K | ﹤0.01% |
+19,160
| New | +$504K |
|
4818
WisdomTree Voya Yield Enhanced USD Universal Bond Fund
UNIY
$1.33B
| $445K | ﹤0.01% |
9,076
+3,957
| +77% | +$195K |
|
4819
SK Telecom
SKM
$13.2B
| $445K | ﹤0.01% |
21,683
+920
| +4% | +$18.9K |
|
4820
Tidewater
TDW
$4.12B
| $445K | ﹤0.01% |
8,813
+77
| +0.9% | +$4.07K |
|
4821
Fox Factory Holding Corp
FOXF
$886M
| $445K | ﹤0.01% |
26,013
-4,957
| -16% | -$94.5K |
|
4822
iShares MSCI Brazil Small-Cap ETF
EWZS
$221M
| $445K | ﹤0.01% |
34,419
-674
| -2% | -$9.09K |
|
4823
PUT
Williams Companies
WMB
$86.1B
| $445K | ﹤0.01% |
+7,400
| New | +$447K |
|
4824
Nuveen Churchill Direct Lending
NCDL
$633M
| $444K | ﹤0.01% |
33,308
-16,517
| -33% | -$235K |
|
|
TEN
4825
Tsakos Energy Navigation Ltd
TEN
$1.18B
| $444K | ﹤0.01% |
19,798
-480
| -2% | -$11.2K |
|
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.