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 | |
|---|---|---|---|---|---|---|
5251
Ginkgo Bioworks
DNA
$521M
| $262K | ﹤0.01% |
31,527
-886
| -3% | -$9.54K |
|
5252
CALL
Badger Meter
BMI
$4.03B
| $262K | ﹤0.01% |
1,500
| – | – |
|
|
QVMM
5253
Invesco QQQ Trust Series 1
QVMM
$442M
| $262K | ﹤0.01% |
8,497
-72,555
| -90% | -$2.21M |
|
5254
FreightCar America
RAIL
$260M
| $261K | ﹤0.01% |
23,614
-14,265
| -38% | -$131K |
|
5255
PUT
Baidu
BIDU
$37.2B
| $261K | ﹤0.01% |
2,000
| – | – |
|
5256
FT Vest US Equity Buffer & Premium Income ETF September
XISE
$35.7M
| $261K | ﹤0.01% |
8,571
| – | – |
|
5257
Global X MSCI Norway ETF
NORW
$88.2M
| $260K | ﹤0.01% |
8,667
+1,610
| +23% | +$47.3K |
|
|
DUKQ
5258
Ocean Park Domestic ETF
DUKQ
$13.5M
| $260K | ﹤0.01% |
9,339
-18
| -0.2% | -$499 |
|
|
IJUN
5259
Innovator International Developed Power Buffer ETF - June
IJUN
$80.9M
| $260K | ﹤0.01% |
+8,895
| New | +$255K |
|
|
TGNA
5260
DELISTED
TEGNA Inc
TGNA
| $260K | ﹤0.01% |
13,380
+169
| +1% | +$3.34K |
|
5261
CALL
Conagra Brands
CAG
$7.23B
| $260K | ﹤0.01% |
+15,000
| New | +$266K |
|
5262
Gibraltar Industries
ROCK
$1.49B
| $259K | ﹤0.01% |
5,247
-1,494
| -22% | -$85.6K |
|
5263
Asure Software
ASUR
$250M
| $259K | ﹤0.01% |
27,466
-2,665
| -9% | -$22.4K |
|
5264
CG Oncology
CGON
$6.66B
| $257K | ﹤0.01% |
6,201
+551
| +10% | +$22.8K |
|
|
AVUQ
5265
Avantis U.S. Quality ETF
AVUQ
$299M
| $257K | ﹤0.01% |
4,278
-28,570
| -87% | -$1.71M |
|
5266
Xperi
XPER
$348M
| $257K | ﹤0.01% |
43,850
+1,102
| +3% | +$6.91K |
|
5267
PUT
Qualcomm
QCOM
$176B
| $257K | ﹤0.01% |
1,500
-200
| -12% | -$34.3K |
|
|
PRA
5268
DELISTED
ProAssurance
PRA
| $256K | ﹤0.01% |
10,616
+747
| +8% | +$18K |
|
5269
DoubleVerify
DV
$2.03B
| $256K | ﹤0.01% |
22,394
-46,785
| -68% | -$516K |
|
5270
CALL
Take-Two Interactive
TTWO
$46.1B
| $256K | ﹤0.01% |
+1,000
| New | +$249K |
|
5271
Standard Motor Products
SMP
$911M
| $256K | ﹤0.01% |
6,946
+397
| +6% | +$15.2K |
|
5272
CALL
Edwards Lifesciences
EW
$51.7B
| $256K | ﹤0.01% |
3,000
| – | – |
|
|
NUVL
5273
DELISTED
Nuvalent
NUVL
| $255K | ﹤0.01% |
+2,539
| New | +$250K |
|
5274
Algoma Steel
ASTL
$431M
| $255K | ﹤0.01% |
62,194
+3,300
| +6% | +$13.2K |
|
5275
Madison Square Garden
MSGE
$3.62B
| $255K | ﹤0.01% |
+4,731
| New | +$228K |
|
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.