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 | |
|---|---|---|---|---|---|---|
4876
FreightCar America
RAIL
$280M
| $370K | ﹤0.01% |
37,879
+12,440
| +49% | +$119K |
|
4877
Trevi Therapeutics
TRVI
$2.66B
| $370K | ﹤0.01% |
40,450
+28,550
| +240% | +$214K |
|
4878
FerroAtlántica
GSM
$639M
| $370K | ﹤0.01% |
81,325
+36,158
| +80% | +$155K |
|
4879
Invesco Trust for Investment Grade New York Municipals
VTN
$163M
| $370K | ﹤0.01% |
33,567
-1,999
| -6% | -$20.9K |
|
4880
Arqit Quantum
ARQQ
$383M
| $369K | ﹤0.01% |
9,530
-664
| -7% | -$23K |
|
4881
Upwork
UPWK
$1.2B
| $368K | ﹤0.01% |
19,816
-1,504
| -7% | -$22.4K |
|
4882
CALL
Arm
ARM
$300B
| $368K | ﹤0.01% |
2,600
| – | – |
|
4883
Marten Transport
MRTN
$1.22B
| $368K | ﹤0.01% |
34,502
-1,865
| -5% | -$22.7K |
|
|
ECHO
4884
EchoStar
ECHO
$26.6B
| $367K | ﹤0.01% |
+4,811
| New | +$218K |
|
|
PONY
4885
Pony AI Inc
PONY
$3.49B
| $367K | ﹤0.01% |
16,321
-270
| -2% | -$4.11K |
|
4886
Day Hagan/Ned Davis Research Smart Sector International ETF
SSXU
$45M
| $366K | ﹤0.01% |
10,770
+2,470
| +30% | +$80.8K |
|
4887
NETGEAR
NTGR
$659M
| $366K | ﹤0.01% |
11,307
+2,327
| +26% | +$63.6K |
|
4888
Genco Shipping & Trading
GNK
$1.13B
| $366K | ﹤0.01% |
20,563
-4,206
| -17% | -$69.6K |
|
4889
iShares iBonds Oct 2026 Term TIPS ETF
IBIC
$76.8M
| $365K | ﹤0.01% |
+14,079
| New | +$363K |
|
4890
Nicolet Bankshares
NIC
$3.67B
| $365K | ﹤0.01% |
2,710
+387
| +17% | +$51.4K |
|
4891
Gossamer Bio
GOSS
$88.7M
| $364K | ﹤0.01% |
138,326
+71,326
| +106% | +$157K |
|
4892
Nuveen Massachusetts Quality Municipal Income Fund
NMT
$130M
| $363K | ﹤0.01% |
31,179
+1,112
| +4% | +$12.8K |
|
|
TIC
4893
TIC Solutions Inc
TIC
$1.84B
| $362K | ﹤0.01% |
+27,226
| New | +$310K |
|
4894
TriplePoint Venture Growth BDC
TPVG
$193M
| $362K | ﹤0.01% |
62,686
+12,266
| +24% | +$81.6K |
|
|
AVNS
4895
DELISTED
Avanos Medical
AVNS
| $362K | ﹤0.01% |
31,288
-329
| -1% | -$3.85K |
|
|
FOLD
4896
DELISTED
Amicus Therapeutics
FOLD
| $362K | ﹤0.01% |
45,887
+21,470
| +88% | +$153K |
|
4897
Lindsay Corp
LNN
$1.2B
| $361K | ﹤0.01% |
2,570
-24
| -0.9% | -$3.34K |
|
4898
Cohen & Steers
CNS
$4.32B
| $361K | ﹤0.01% |
5,504
-8,213
| -60% | -$602K |
|
4899
Invesco Oil & Gas Services ETF
PXJ
$62.6M
| $360K | ﹤0.01% |
13,238
-23,180
| -64% | -$605K |
|
4900
Coherus Oncology
CHRS
$228M
| $359K | ﹤0.01% |
219,141
+17,302
| +9% | +$19.2K |
|
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.