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 | |
|---|---|---|---|---|---|---|
|
RC
4951
Ready Capital
RC
$287M
| $341K | ﹤0.01% |
88,111
-23,813
| -21% | -$100K |
|
|
SMHX
4952
VanEck Fabless Semiconductor ETF
SMHX
$267M
| $341K | ﹤0.01% |
+8,900
| New | +$310K |
|
4953
Virtus Biotech Clinical Trials ETF
BBC
$48.5M
| $340K | ﹤0.01% |
12,460
-36
| -0.3% | -$821 |
|
4954
Colliers International
CIGI
$5.06B
| $340K | ﹤0.01% |
2,175
-296
| -12% | -$45.5K |
|
4955
T. Rowe Price QM US Bond ETF
TAGG
$2.34B
| $339K | ﹤0.01% |
7,878
-1,543
| -16% | -$66K |
|
4956
ETRACS Alerian MLP Infrastructure Index ETN Series B due Apr 2 2040
MLPB
$249M
| $338K | ﹤0.01% |
13,540
| – | – |
|
4957
CALL
Snowflake
SNOW
$110B
| $338K | ﹤0.01% |
1,500
+500
| +50% | +$107K |
|
4958
Braze
BRZE
$2.97B
| $338K | ﹤0.01% |
11,891
+2,107
| +22% | +$59.7K |
|
4959
Alvotech
ALVO
$1.3B
| $338K | ﹤0.01% |
41,238
+20,032
| +94% | +$171K |
|
4960
Monarch ProCap Index ETF
MPRO
$258M
| $337K | ﹤0.01% |
11,060
+163
| +1% | +$4.91K |
|
|
JAMF
4961
DELISTED
Jamf
JAMF
| $337K | ﹤0.01% |
31,517
+9,274
| +42% | +$84K |
|
4962
Under Armour Class C
UA
$2.86B
| $337K | ﹤0.01% |
69,700
+19,291
| +38% | +$108K |
|
4963
iShares MSCI BIC ETF
BKF
$78.6M
| $336K | ﹤0.01% |
7,429
+175
| +2% | +$7.5K |
|
4964
Regenxbio
RGNX
$659M
| $336K | ﹤0.01% |
34,816
-3,222
| -8% | -$28.5K |
|
|
CMBT
4965
CMB.TECH NV
CMBT
$4.62B
| $335K | ﹤0.01% |
+35,712
| New | +$327K |
|
4966
PUT
Wells Fargo
WFC
$267B
| $335K | ﹤0.01% |
4,000
-2,400
| -38% | -$195K |
|
4967
Dream Finders Homes
DFH
$1.3B
| $335K | ﹤0.01% |
+12,925
| New | +$355K |
|
4968
Liberty Broadband Class A
LBRDA
$5.17B
| $335K | ﹤0.01% |
5,288
-1,320
| -20% | -$91.9K |
|
4969
Byrna Technologies
BYRN
$108M
| $335K | ﹤0.01% |
15,103
-6,377
| -30% | -$141K |
|
4970
PUT
Crocs
CROX
$6.77B
| $334K | ﹤0.01% |
+4,000
| New | +$365K |
|
4971
Calvert US Mid-Cap Core Responsible Index ETF
CVMC
$109M
| $334K | ﹤0.01% |
5,262
-42
| -0.8% | -$2.62K |
|
4972
CALL
Caterpillar
CAT
$404B
| $334K | ﹤0.01% |
+700
| New | +$299K |
|
|
PPT
4973
Franklin Premier Income Trust
PPT
$328M
| $333K | ﹤0.01% |
90,123
-5,737
| -6% | -$21.1K |
|
4974
Astec Industries
ASTE
$1.2B
| $333K | ﹤0.01% |
6,909
-2,728
| -28% | -$119K |
|
4975
Rogers Communications
RCI
$18.3B
| $332K | ﹤0.01% |
+9,644
| New | +$332K |
|
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.