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 | |
|---|---|---|---|---|---|---|
5301
Nano X Imaging
NNOX
$76.6M
| $214K | ﹤0.01% |
57,718
+2,053
| +4% | +$9.14K |
|
5302
Global X MSCI Norway ETF
NORW
$87.7M
| $213K | ﹤0.01% |
7,057
-262
| -4% | -$7.7K |
|
|
VFL
5303
DELISTED
abrdn National Municipal Income Fund
VFL
| $213K | ﹤0.01% |
20,769
+5,738
| +38% | +$56K |
|
|
IMOS
5304
ChipMOS TECHNOLOGIES
IMOS
$1.68B
| $213K | ﹤0.01% |
11,128
+775
| +7% | +$13.7K |
|
|
ERH
5305
Allspring Utilities & High Income Fund
ERH
$106M
| $212K | ﹤0.01% |
17,145
+1,684
| +11% | +$20.1K |
|
|
ECF
5306
Ellsworth Growth & Income Fund
ECF
$169M
| $212K | ﹤0.01% |
18,257
-72
| -0.4% | -$783 |
|
5307
Synaptics
SYNA
$4.13B
| $212K | ﹤0.01% |
3,095
-289
| -9% | -$19.7K |
|
|
HONE
5308
DELISTED
HarborOne Bancorp
HONE
| $211K | ﹤0.01% |
15,499
-11,719
| -43% | -$146K |
|
5309
Fiverr
FVRR
$340M
| $210K | ﹤0.01% |
8,617
-628
| -7% | -$15.4K |
|
5310
PUT
Marvell Technology
MRVL
$174B
| $210K | ﹤0.01% |
+2,500
| New | +$184K |
|
5311
First Trust Nasdaq Food & Beverage ETF
FTXG
$23.9M
| $210K | ﹤0.01% |
9,801
-1,423
| -13% | -$31.7K |
|
5312
PUT
United States Copper Index Fund
CPER
$767M
| $210K | ﹤0.01% |
7,000
| – | – |
|
|
CMU
5313
DELISTED
MFS High Yield Municipal Trust
CMU
| $210K | ﹤0.01% |
60,465
+21,697
| +56% | +$72.3K |
|
5314
Algoma Steel
ASTL
$413M
| $209K | ﹤0.01% |
58,894
+13,268
| +29% | +$70.5K |
|
5315
CALL
Dutch Bros
BROS
$8.91B
| $209K | ﹤0.01% |
+4,000
| New | +$253K |
|
5316
Pathward Financial
CASH
$1.92B
| $209K | ﹤0.01% |
+2,828
| New | +$220K |
|
5317
Procure Space ETF
UFO
$609M
| $208K | ﹤0.01% |
+5,840
| New | +$186K |
|
5318
B&G Foods
BGS
$290M
| $208K | ﹤0.01% |
46,960
-2,402
| -5% | -$10.5K |
|
|
HBTA
5319
Horizon Expedition Plus ETF
HBTA
$253M
| $208K | ﹤0.01% |
+7,355
| New | +$196K |
|
|
MRUS
5320
DELISTED
Merus
MRUS
| $208K | ﹤0.01% |
+2,205
| New | +$144K |
|
5321
CALL
UiPath
PATH
$6.76B
| $207K | ﹤0.01% |
+15,500
| New | +$183K |
|
5322
CryoPort
CYRX
$781M
| $207K | ﹤0.01% |
21,873
-24,101
| -52% | -$203K |
|
5323
Real Brokerage
REAX
$355M
| $207K | ﹤0.01% |
49,587
+21,679
| +78% | +$97.9K |
|
5324
Center Bancorp
CNOB
$1.68B
| $207K | ﹤0.01% |
+8,353
| New | +$206K |
|
|
TSI
5325
TCW Strategic Income Fund
TSI
$212M
| $207K | ﹤0.01% |
42,091
-968
| -2% | -$4.78K |
|
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.