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 | |
|---|---|---|---|---|---|---|
|
PVLA
5001
Palvella Therapeutics
PVLA
$2.27B
| $361K | ﹤0.01% |
+3,448
| New | +$294K |
|
5002
NETGEAR
NTGR
$635M
| $361K | ﹤0.01% |
14,701
+3,394
| +30% | +$97.6K |
|
5003
Navient
NAVI
$853M
| $360K | ﹤0.01% |
27,730
-3,584
| -11% | -$44.6K |
|
5004
CALL
VanEck Semiconductor ETF
SMH
$71.8B
| $360K | ﹤0.01% |
1,000
+200
| +25% | +$70.2K |
|
5005
908 Devices
MASS
$364M
| $360K | ﹤0.01% |
68,561
-612
| -0.9% | -$4.28K |
|
5006
Astec Industries
ASTE
$1.02B
| $360K | ﹤0.01% |
8,301
+1,392
| +20% | +$63.5K |
|
5007
FuboTV Inc
FUBO
$273M
| $359K | ﹤0.01% |
11,875
-4,898
| -29% | -$195K |
|
5008
iShares iBonds Oct 2029 Term TIPS ETF
IBIF
$108M
| $359K | ﹤0.01% |
13,786
+3,228
| +31% | +$84.8K |
|
5009
MakeMyTrip
MMYT
$5.64B
| $359K | ﹤0.01% |
4,368
-9,465
| -68% | -$776K |
|
5010
Capri Holdings
CPRI
$1.74B
| $358K | ﹤0.01% |
14,685
+1,075
| +8% | +$24.9K |
|
5011
iShares MSCI Malaysia ETF
EWM
$332M
| $358K | ﹤0.01% |
13,069
+3,840
| +42% | +$101K |
|
|
SLNO
5012
DELISTED
Soleno Therapeutics
SLNO
| $357K | ﹤0.01% |
+7,720
| New | +$423K |
|
5013
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$40.9B
| $357K | ﹤0.01% |
4,100
-5,100
| -55% | -$456K |
|
|
DGXX
5014
Digi Power X Inc
DGXX
$385M
| $357K | ﹤0.01% |
140,121
-2,368
| -2% | -$8.88K |
|
|
XXI
5015
Twenty One Capital Inc
XXI
$1.58B
| $357K | ﹤0.01% |
+40,763
| New | +$426K |
|
5016
Sharplink Inc
SBET
$1.35B
| $357K | ﹤0.01% |
39,914
-15,868
| -28% | -$194K |
|
5017
POSCO
PKX
$17.5B
| $356K | ﹤0.01% |
6,695
-2,611
| -28% | -$138K |
|
5018
Real Brokerage
REAX
$466M
| $356K | ﹤0.01% |
97,560
+47,973
| +97% | +$185K |
|
5019
Asana
ASAN
$2.13B
| $355K | ﹤0.01% |
25,929
-12,318
| -32% | -$169K |
|
5020
International General Insurance
IGIC
$1.15B
| $355K | ﹤0.01% |
14,141
-6,116
| -30% | -$144K |
|
|
SRTA
5021
Strata Critical Medical Inc
SRTA
$512M
| $354K | ﹤0.01% |
73,549
-11,758
| -14% | -$56.9K |
|
|
SPBU
5022
AllianzIM Buffer15 Uncapped Allocation ETF
SPBU
$183M
| $354K | ﹤0.01% |
12,561
+4,161
| +50% | +$117K |
|
5023
Liquidity Services
LQDT
$1.32B
| $353K | ﹤0.01% |
11,639
-816
| -7% | -$21.9K |
|
5024
CPS Technologies
CPSH
$86.1M
| $352K | ﹤0.01% |
113,998
-100
| -0.1% | -$354 |
|
5025
ABM Industries
ABM
$2.84B
| $352K | ﹤0.01% |
8,310
-3,768
| -31% | -$166K |
|
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.