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 | |
|---|---|---|---|---|---|---|
4851
PUT
Zoom
ZM
$30.6B
| $431K | ﹤0.01% |
5,000
| – | – |
|
4852
JetBlue
JBLU
$2.29B
| $431K | ﹤0.01% |
94,736
+11,024
| +13% | +$50.3K |
|
4853
Research Solutions
RSSS
$72.2M
| $430K | ﹤0.01% |
146,307
-3,000
| -2% | -$9.35K |
|
|
CRWV
4854
PUT
CoreWeave
CRWV
$49.5B
| $430K | ﹤0.01% |
6,000
+3,000
| +100% | +$304K |
|
4855
Navios Maritime Partners
NMM
$2.26B
| $429K | ﹤0.01% |
8,188
-1,066
| -12% | -$52.9K |
|
4856
J&J Snack Foods
JJSF
$1.71B
| $429K | ﹤0.01% |
4,746
+178
| +4% | +$16.1K |
|
4857
FuelCell Energy
FCEL
$1.63B
| $429K | ﹤0.01% |
58,664
-4,478
| -7% | -$36.6K |
|
4858
Frontdoor
FTDR
$6.26B
| $428K | ﹤0.01% |
7,424
-453
| -6% | -$26.6K |
|
4859
Cedar Fair
FUN
$1.67B
| $428K | ﹤0.01% |
27,918
-8,534
| -23% | -$154K |
|
4860
Federated Hermes Total Return Bond ETF
FTRB
$588M
| $428K | ﹤0.01% |
16,866
-825
| -5% | -$21.1K |
|
4861
PUT
Crocs
CROX
$6.55B
| $428K | ﹤0.01% |
5,000
+1,000
| +25% | +$83.6K |
|
4862
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$113M
| $426K | ﹤0.01% |
14,251
-800
| -5% | -$24.5K |
|
4863
PUT
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.5B
| $426K | ﹤0.01% |
7,500
-4,000
| -35% | -$225K |
|
|
UMH
4864
UMH Properties
UMH
$1.36B
| $425K | ﹤0.01% |
26,739
-637
| -2% | -$9.57K |
|
|
KKR.PRD
4865
KKR & Co 6.25% Series D Preferred Stock
KKR.PRD
$2.29B
| $425K | ﹤0.01% |
8,195
-256
| -3% | -$13K |
|
4866
Shenandoah Telecom
SHEN
$746M
| $425K | ﹤0.01% |
36,749
-2,166
| -6% | -$25.6K |
|
|
MAXJ
4867
iShares Large Cap Max Buffer Jun ETF
MAXJ
$163M
| $424K | ﹤0.01% |
15,023
-485
| -3% | -$13.7K |
|
4868
Castle Biosciences
CSTL
$979M
| $423K | ﹤0.01% |
10,877
+1,480
| +16% | +$47.7K |
|
4869
Tilray
TLRY
$622M
| $423K | ﹤0.01% |
46,844
+13,645
| +41% | +$166K |
|
4870
MasterBrand
MBC
$1.91B
| $422K | ﹤0.01% |
38,238
-2,478
| -6% | -$29K |
|
4871
Green Brick Partners
GRBK
$3.14B
| $422K | ﹤0.01% |
6,732
-4,109
| -38% | -$271K |
|
4872
Credit Suisse X-Links Silver Shares Covered Call ETNs due April 21 2033
SLVO
$12.2M
| $421K | ﹤0.01% |
4,213
-1,268
| -23% | -$121K |
|
4873
Home Bancorp
HBCP
$566M
| $420K | ﹤0.01% |
7,274
| – | – |
|
4874
iShares MSCI South Africa ETF
EZA
$578M
| $420K | ﹤0.01% |
6,109
+627
| +11% | +$41.5K |
|
4875
Cathay General Bancorp
CATY
$4.24B
| $420K | ﹤0.01% |
8,685
+459
| +6% | +$22.1K |
|
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.