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 | |
|---|---|---|---|---|---|---|
5076
SunCoke Energy
SXC
$797M
| $328K | ﹤0.01% |
45,571
+15,678
| +52% | +$115K |
|
|
IMOS
5077
ChipMOS TECHNOLOGIES
IMOS
$1.83B
| $328K | ﹤0.01% |
11,058
-70
| -0.6% | -$1.74K |
|
5078
Byrna Technologies
BYRN
$101M
| $328K | ﹤0.01% |
19,509
+4,406
| +29% | +$85.8K |
|
5079
Perella Weinberg Partners
PWP
$1.3B
| $328K | ﹤0.01% |
18,931
+2,751
| +17% | +$51.3K |
|
5080
OptimizeRx
OPRX
$133M
| $327K | ﹤0.01% |
26,698
-1,677
| -6% | -$27.4K |
|
5081
Newell Brands
NWL
$2.56B
| $327K | ﹤0.01% |
87,924
-55,637
| -39% | -$225K |
|
|
WEEI
5082
Westwood Salient Enhanced Energy Income ETF
WEEI
$96.7M
| $327K | ﹤0.01% |
+15,245
| New | +$323K |
|
5083
Hilltop Holdings
HTH
$2.24B
| $327K | ﹤0.01% |
+9,627
| New | +$323K |
|
5084
PUT
Wells Fargo
WFC
$264B
| $326K | ﹤0.01% |
3,500
-500
| -13% | -$43.4K |
|
|
BBNX
5085
Beta Bionics
BBNX
$715M
| $326K | ﹤0.01% |
10,698
-10,332
| -49% | -$276K |
|
5086
PUT
Brighthouse Financial
BHF
$3.5B
| $324K | ﹤0.01% |
+5,000
| New | +$294K |
|
5087
Taylor Devices
TAYD
$175M
| $324K | ﹤0.01% |
5,539
+426
| +8% | +$20.7K |
|
|
GOLD
5088
Gold.com Inc
GOLD
$1.26B
| $323K | ﹤0.01% |
+9,486
| New | +$271K |
|
5089
iShares Large Cap Moderate Quarterly Laddered ETF
IVVM
$177M
| $323K | ﹤0.01% |
9,284
| – | – |
|
5090
American Outdoor Brands
AOUT
$157M
| $323K | ﹤0.01% |
41,722
-22,225
| -35% | -$165K |
|
5091
CALL
Eli Lilly
LLY
$1.06T
| $322K | ﹤0.01% |
300
-500
| -63% | -$478K |
|
|
IBTQ
5092
iShares iBonds Dec 2035 Term Treasury ETF
IBTQ
$236M
| $322K | ﹤0.01% |
+12,653
| New | +$324K |
|
5093
Fidelity Yield Enhanced Equity ETF
FYEE
$226M
| $322K | ﹤0.01% |
+11,239
| New | +$320K |
|
5094
Escalade
ESCA
$311M
| $322K | ﹤0.01% |
23,892
-7,337
| -23% | -$91.3K |
|
5095
Neogen
NEOG
$2.5B
| $322K | ﹤0.01% |
46,095
-7,078
| -13% | -$44.5K |
|
5096
Alpha Architect Tail Risk ETF
CAOS
$694M
| $322K | ﹤0.01% |
+3,588
| New | +$323K |
|
|
BAND
5097
Bandwidth Inc
BAND
$1.61B
| $322K | ﹤0.01% |
20,821
-2,717
| -12% | -$41.2K |
|
5098
Innovative Solutions & Support
ISSC
$361M
| $322K | ﹤0.01% |
16,976
-77,190
| -82% | -$879K |
|
5099
PUT
Blackrock
BLK
$176B
| $321K | ﹤0.01% |
300
-100
| -25% | -$109K |
|
|
GGT
5100
Gabelli Multimedia Trust
GGT
$174M
| $321K | ﹤0.01% |
76,447
-68,864
| -47% | -$283K |
|
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.