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 | |
|---|---|---|---|---|---|---|
5326
Hyster-Yale Materials Handling
HY
$599M
| $207K | ﹤0.01% |
5,617
-295
| -5% | -$11.5K |
|
5327
Unisys
UIS
$209M
| $207K | ﹤0.01% |
53,090
+13,978
| +36% | +$56.7K |
|
5328
ADT
ADT
$5.58B
| $207K | ﹤0.01% |
23,771
+9,742
| +69% | +$83.6K |
|
5329
Chefs' Warehouse
CHEF
$4.71B
| $206K | ﹤0.01% |
+3,540
| New | +$226K |
|
5330
Vir Biotechnology
VIR
$1.46B
| $206K | ﹤0.01% |
36,150
+14,924
| +70% | +$76.3K |
|
5331
iShares MSCI China A ETF
CNYA
$199M
| $206K | ﹤0.01% |
+6,010
| New | +$189K |
|
5332
OneAscent Emerging Markets ETF
OAEM
$126M
| $206K | ﹤0.01% |
+5,976
| New | +$198K |
|
5333
ZTO Express
ZTO
$18.3B
| $206K | ﹤0.01% |
10,707
+227
| +2% | +$4.35K |
|
|
OPLN
5334
Openlane
OPLN
$4.21B
| $206K | ﹤0.01% |
+7,142
| New | +$195K |
|
5335
TAT Technologies
TATT
$505M
| $206K | ﹤0.01% |
+4,668
| New | +$166K |
|
5336
United Bancorp
UBCP
$90.7M
| $205K | ﹤0.01% |
14,691
-483
| -3% | -$6.86K |
|
|
AOCT
5337
Innovator Equity Defined Protection ETF - 2 Yr to October 2026
AOCT
$49.5M
| $205K | ﹤0.01% |
+7,800
| New | +$203K |
|
5338
Core Laboratories
CLB
$488M
| $205K | ﹤0.01% |
16,554
+4,441
| +37% | +$52.1K |
|
|
SELF
5339
Global Self Storage
SELF
$58.3M
| $205K | ﹤0.01% |
40,664
-63,499
| -61% | -$331K |
|
5340
IBEX
IBEX
$473M
| $204K | ﹤0.01% |
+5,046
| New | +$160K |
|
5341
Ecovyst
ECVT
$1.32B
| $204K | ﹤0.01% |
23,251
+12,992
| +127% | +$115K |
|
5342
ProShares Ultra Semiconductors
USD
$2.56B
| $204K | ﹤0.01% |
+4,112
| New | +$178K |
|
|
OCTM
5343
FT Vest U.S. Equity Max Buffer ETF - October
OCTM
$32.2M
| $204K | ﹤0.01% |
+6,325
| New | +$201K |
|
5344
TrueShares Structured Outcome July ETF
JULZ
$36.6M
| $203K | ﹤0.01% |
4,382
-683
| -13% | -$30.6K |
|
|
IBHK
5345
iShares iBonds 2031 Term High Yield and Income ETF
IBHK
$71.1M
| $202K | ﹤0.01% |
+7,745
| New | +$200K |
|
5346
AdvisorShares Vice ETF
VICE
$7.3M
| $201K | ﹤0.01% |
5,630
-1,448
| -20% | -$51.2K |
|
|
GEMI
5347
Gemini Space Station
GEMI
$493M
| $201K | ﹤0.01% |
+8,397
| New | +$217K |
|
|
AGEM
5348
abrdn Emerging Markets Dividend Active ETF
AGEM
$352M
| $201K | ﹤0.01% |
+5,412
| New | +$189K |
|
5349
LENSAR
LNSR
$61.5M
| $199K | ﹤0.01% |
16,103
+2,234
| +16% | +$28.3K |
|
5350
VerifyMe
VRME
$9.38M
| $197K | ﹤0.01% |
222,115
-2,986
| -1% | -$2.6K |
|
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.