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 | |
|---|---|---|---|---|---|---|
|
ABXB
5301
Abacus Flexible Bond Leaders ETF
ABXB
$1.92M
| $246K | ﹤0.01% |
12,567
-664
| -5% | -$13.1K |
|
5302
Hallador Energy
HNRG
$696M
| $246K | ﹤0.01% |
+12,936
| New | +$262K |
|
5303
PUT
Stryker
SYK
$130B
| $246K | ﹤0.01% |
700
| – | – |
|
|
JCAP
5304
Jefferson Capital
JCAP
$1.31B
| $246K | ﹤0.01% |
10,995
-13
| -0.1% | -$263 |
|
5305
CALL
Veeva Systems
VEEV
$37.4B
| $246K | ﹤0.01% |
+1,100
| New | +$292K |
|
5306
Fortrea Holdings
FTRE
$1.75B
| $245K | ﹤0.01% |
14,222
+2,378
| +20% | +$29.4K |
|
5307
Arcos Dorados Holdings
ARCO
$1.74B
| $244K | ﹤0.01% |
33,295
+5,055
| +18% | +$36.4K |
|
5308
First Trust Emerging Markets Human Flourishing ETF
FTHF
$123M
| $244K | ﹤0.01% |
+7,380
| New | +$232K |
|
|
BKDV
5309
BNY Mellon Dynamic Value ETF
BKDV
$1.86B
| $244K | ﹤0.01% |
8,405
-4,252
| -34% | -$120K |
|
|
LIF
5310
Life360
LIF
$5.12B
| $244K | ﹤0.01% |
3,797
-25,067
| -87% | -$2.08M |
|
|
ILPT
5311
Industrial Logistics Properties Trust
ILPT
$586M
| $243K | ﹤0.01% |
43,871
+265
| +0.6% | +$1.47K |
|
5312
ProShares VIX Mid-Term Futures ETF
VIXM
$40.7M
| $243K | ﹤0.01% |
15,913
-380
| -2% | -$6.09K |
|
|
KRSP.U
5313
Rice Acquisition Corp 3 Units
KRSP.U
| $243K | ﹤0.01% |
+23,117
| New | +$247K |
|
5314
Lindsay Corp
LNN
$1.18B
| $243K | ﹤0.01% |
2,059
-511
| -20% | -$61.5K |
|
5315
Scholastic
SCHL
$792M
| $242K | ﹤0.01% |
8,175
+219
| +3% | +$6.28K |
|
5316
PUT
KraneShares CSI China Internet ETF
KWEB
$5.67B
| $242K | ﹤0.01% |
+7,100
| New | +$273K |
|
|
IAF
5317
abrdn Australia Equity Fund
IAF
$127M
| $242K | ﹤0.01% |
18,692
-1,208
| -6% | -$15.9K |
|
5318
PUT
Home Depot
HD
$355B
| $241K | ﹤0.01% |
700
+100
| +17% | +$36.6K |
|
5319
NewtekOne
NEWT
$391M
| $241K | ﹤0.01% |
21,220
+775
| +4% | +$8.45K |
|
5320
Puma Biotechnology
PBYI
$454M
| $241K | ﹤0.01% |
40,442
-10,861
| -21% | -$57.7K |
|
5321
Horizon Technology Finance
HRZN
$311M
| $240K | ﹤0.01% |
37,270
-28,158
| -43% | -$180K |
|
|
BCAX
5322
Bicara Therapeutics
BCAX
$1.84B
| $240K | ﹤0.01% |
14,283
-14
| -0.1% | -$239 |
|
|
MGF
5323
Aberdeen Government Markets Income Fund
MGF
$92.2M
| $240K | ﹤0.01% |
79,312
-98,099
| -55% | -$301K |
|
5324
SolarEdge
SEDG
$1.95B
| $240K | ﹤0.01% |
8,315
-2,384
| -22% | -$83.1K |
|
5325
American Battery Technology Co
ABAT
$356M
| $240K | ﹤0.01% |
71,759
-7,970
| -10% | -$37.3K |
|
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.