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 | |
|---|---|---|---|---|---|---|
5026
iShares iBonds Oct 2028 Term TIPS ETF
IBIE
$157M
| $311K | ﹤0.01% |
+11,744
| New | +$309K |
|
5027
Televisa
TV
$1.45B
| $310K | ﹤0.01% |
115,071
+86,566
| +304% | +$218K |
|
5028
EyePoint Inc
EYPT
$978M
| $310K | ﹤0.01% |
+21,735
| New | +$250K |
|
5029
MediWound
MDWD
$184M
| $309K | ﹤0.01% |
17,166
+4,698
| +38% | +$86.6K |
|
5030
Banc of California
BANC
$3.09B
| $309K | ﹤0.01% |
18,682
-865
| -4% | -$13.5K |
|
5031
Nuveen Select Maturities Municipal Fund
NIM
$116M
| $309K | ﹤0.01% |
33,343
| – | – |
|
5032
ALPS Medical Breakthroughs ETF
SBIO
$208M
| $308K | ﹤0.01% |
7,936
-11,523
| -59% | -$396K |
|
5033
Capricor Therapeutics
CAPR
$241M
| $308K | ﹤0.01% |
42,701
+24,980
| +141% | +$184K |
|
|
IBMS
5034
iShares iBonds Dec 2030 Term Muni Bond ETF
IBMS
$316M
| $308K | ﹤0.01% |
11,801
| – | – |
|
5035
PUT
IonQ
IONQ
$15.6B
| $308K | ﹤0.01% |
+5,000
| New | +$235K |
|
5036
EA Series Trust Strive Small-Cap ETF
STXK
$90.2M
| $307K | ﹤0.01% |
9,278
+6
| +0.1% | +$192 |
|
|
IAS
5037
DELISTED
Integral Ad Science
IAS
| $306K | ﹤0.01% |
30,135
+2,957
| +11% | +$25.6K |
|
|
JBS
5038
JBS N.V.
JBS
$44.8B
| $306K | ﹤0.01% |
+20,492
| New | +$299K |
|
5039
Simply Good Foods
SMPL
$1B
| $305K | ﹤0.01% |
12,291
-600
| -5% | -$17.7K |
|
5040
Neogen
NEOG
$2.58B
| $304K | ﹤0.01% |
53,173
-186,780
| -78% | -$997K |
|
5041
Xencor
XNCR
$1.48B
| $302K | ﹤0.01% |
25,781
+3,483
| +16% | +$30.2K |
|
|
MCHB
5042
Mechanics Bancorp
MCHB
$3.7B
| $302K | ﹤0.01% |
22,667
+177
| +0.8% | +$2.35K |
|
5043
PUT
Aflac
AFL
$63.7B
| $302K | ﹤0.01% |
2,700
| – | – |
|
5044
CONMED
CNMD
$1.51B
| $301K | ﹤0.01% |
6,410
-8,094
| -56% | -$420K |
|
5045
Franklin FTSE Taiwan ETF
FLTW
$2.81B
| $301K | ﹤0.01% |
5,124
-20
| -0.4% | -$1.1K |
|
5046
Yelp
YELP
$1.46B
| $299K | ﹤0.01% |
9,596
+493
| +5% | +$16.2K |
|
5047
CALL
Intel
INTC
$509B
| $299K | ﹤0.01% |
8,900
-7,200
| -45% | -$174K |
|
5048
Andersons Inc
ANDE
$2.54B
| $299K | ﹤0.01% |
7,499
-12,285
| -62% | -$473K |
|
5049
PUT
Walt Disney
DIS
$170B
| $298K | ﹤0.01% |
2,600
| – | – |
|
|
NMAR
5050
Innovator Growth-100 Power Buffer ETF - March
NMAR
$94M
| $298K | ﹤0.01% |
+10,345
| New | +$291K |
|
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.