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 | |
|---|---|---|---|---|---|---|
|
MCSE
5376
DELISTED
Franklin Sustainable International Equity ETF
MCSE
| $184K | ﹤0.01% |
12,797
-1,530
| -11% | -$21.8K |
|
5377
Healthcare Services Group
HCSG
$1.61B
| $184K | ﹤0.01% |
+10,907
| New | +$162K |
|
5378
TFS Financial
TFSL
$5.17B
| $183K | ﹤0.01% |
13,893
-4,340
| -24% | -$57.4K |
|
5379
Aldeyra Therapeutics
ALDX
$92.3M
| $182K | ﹤0.01% |
34,916
-14,525
| -29% | -$75.7K |
|
5380
Geron
GERN
$821M
| $182K | ﹤0.01% |
132,870
+523
| +0.4% | +$696 |
|
5381
RPC Inc
RES
$1.28B
| $182K | ﹤0.01% |
38,145
-2,436
| -6% | -$11.5K |
|
5382
ADC Therapeutics
ADCT
$134M
| $180K | ﹤0.01% |
45,100
+100
| +0.2% | +$315 |
|
5383
Oxbridge Re Holdings
OXBR
$11.3M
| $180K | ﹤0.01% |
100,673
-100
| -0.1% | -$204 |
|
|
LX
5384
LexinFintech Holdings
LX
$242M
| $180K | ﹤0.01% |
33,782
+16,136
| +91% | +$103K |
|
5385
AbCellera Biologics
ABCL
$1.78B
| $180K | ﹤0.01% |
35,750
+17,526
| +96% | +$77.2K |
|
|
NYXH
5386
Nyxoah
NYXH
$146M
| $178K | ﹤0.01% |
38,801
+3,410
| +10% | +$22.3K |
|
5387
Marqeta
MQ
$1.88B
| $178K | ﹤0.01% |
8,439
-264
| -3% | -$6.25K |
|
|
HPP
5388
Hudson Pacific Properties
HPP
$786M
| $178K | ﹤0.01% |
9,195
+1,268
| +16% | +$23.9K |
|
5389
Star Group
SGU
$412M
| $177K | ﹤0.01% |
14,981
+1,956
| +15% | +$22.9K |
|
|
STKL
5390
DELISTED
SunOpta
STKL
| $176K | ﹤0.01% |
+29,970
| New | +$186K |
|
|
DVS
5391
DELISTED
Dolly Varden Silver Corp
DVS
| $175K | ﹤0.01% |
34,887
+8,420
| +32% | +$32.4K |
|
|
CGC
5392
Canopy Growth
CGC
$404M
| $175K | ﹤0.01% |
119,548
+23,042
| +24% | +$29.9K |
|
5393
Canadian Solar
CSIQ
$1.05B
| $174K | ﹤0.01% |
13,306
+1,502
| +13% | +$18K |
|
|
TDF
5394
Templeton Dragon Fund
TDF
$271M
| $172K | ﹤0.01% |
14,783
+913
| +7% | +$9.8K |
|
5395
Prime Medicine
PRME
$508M
| $172K | ﹤0.01% |
+31,039
| New | +$126K |
|
|
ACH
5396
Accendra Health
ACH
$261M
| $172K | ﹤0.01% |
35,769
-19,178
| -35% | -$122K |
|
5397
Tactile Systems Technology
TCMD
$672M
| $171K | ﹤0.01% |
12,347
-737
| -6% | -$8.87K |
|
5398
Canterbury Park Holding Corp
CPHC
$78.8M
| $168K | ﹤0.01% |
10,275
| – | – |
|
|
NAK
5399
Northern Dynasty Minerals
NAK
$818M
| $167K | ﹤0.01% |
138,950
+78,950
| +132% | +$84.8K |
|
|
AEBI
5400
Aebi Schmidt Holding AG
AEBI
$1.03B
| $167K | ﹤0.01% |
+13,371
| New | +$168K |
|
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.