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 | |
|---|---|---|---|---|---|---|
5026
CALL
Corning
GLW
$143B
| $350K | ﹤0.01% |
4,000
-2,000
| -33% | -$172K |
|
5027
Perdoceo Education
PRDO
$2.12B
| $350K | ﹤0.01% |
11,934
+2,875
| +32% | +$90.8K |
|
5028
PUT
Upstart Holdings
UPST
$3.03B
| $350K | ﹤0.01% |
8,000
| – | – |
|
|
AD
5029
Array Digital Infrastructure
AD
$3.05B
| $349K | ﹤0.01% |
6,518
+88
| +1% | +$4.34K |
|
5030
Goosehead Insurance
GSHD
$2.32B
| $349K | ﹤0.01% |
4,743
+100
| +2% | +$7.13K |
|
5031
Compass Minerals
CMP
$1.15B
| $349K | ﹤0.01% |
17,748
-2,903
| -14% | -$53.7K |
|
|
IAE
5032
Voya Asia Pacific High Dividend Equity Income Fund
IAE
$93.1M
| $347K | ﹤0.01% |
47,623
+34,561
| +265% | +$256K |
|
5033
Invesco MSCI Global Timber ETF
CUT
$33.8M
| $347K | ﹤0.01% |
11,925
-1,321
| -10% | -$37.9K |
|
5034
Champion Homes
SKY
$5.14B
| $346K | ﹤0.01% |
4,094
-475
| -10% | -$37.4K |
|
5035
CALL
SLB Ltd
SLB
$75B
| $345K | ﹤0.01% |
+9,000
| New | +$326K |
|
5036
OneAscent Core Plus Bond ETF
OACP
$267M
| $345K | ﹤0.01% |
+14,963
| New | +$346K |
|
5037
Nicolet Bankshares
NIC
$3.62B
| $344K | ﹤0.01% |
2,836
+126
| +5% | +$15.9K |
|
5038
Vertex
VERX
$1.94B
| $344K | ﹤0.01% |
17,214
-10,642
| -38% | -$230K |
|
5039
PUT
Caterpillar
CAT
$387B
| $344K | ﹤0.01% |
600
-200
| -25% | -$111K |
|
5040
FT Vest US Equity Enhance & Moderate Buffer ETF January
XJAN
$41.9M
| $344K | ﹤0.01% |
9,327
-456
| -5% | -$16.6K |
|
5041
Gain Therapeutics
GANX
$77.6M
| $343K | ﹤0.01% |
+106,550
| New | +$284K |
|
|
ECO
5042
Okeanis Eco Tankers
ECO
$2.42B
| $343K | ﹤0.01% |
+10,125
| New | +$343K |
|
5043
Colliers International
CIGI
$5.19B
| $343K | ﹤0.01% |
2,331
+156
| +7% | +$23.4K |
|
5044
CALL
iShares Core S&P 500 ETF
IVV
$904B
| $342K | ﹤0.01% |
+500
| New | +$340K |
|
|
ORC
5045
Orchid Island Capital
ORC
$1.31B
| $342K | ﹤0.01% |
47,558
+8,890
| +23% | +$64.7K |
|
5046
Genco Shipping & Trading
GNK
$1.1B
| $342K | ﹤0.01% |
18,567
-1,996
| -10% | -$35.1K |
|
5047
BOK Financial
BOKF
$8.74B
| $341K | ﹤0.01% |
2,882
-810
| -22% | -$90.8K |
|
5048
ICL Group
ICL
$6.85B
| $341K | ﹤0.01% |
59,699
-25,824
| -30% | -$150K |
|
5049
Target Hospitality
TH
$1.64B
| $341K | ﹤0.01% |
42,518
+673
| +2% | +$5.11K |
|
5050
The RealReal
REAL
$1.5B
| $340K | ﹤0.01% |
+21,565
| New | +$282K |
|
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.