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 | |
|---|---|---|---|---|---|---|
5401
CALL
Trump Media & Technology Group
DJT
$2.77B
| $164K | ﹤0.01% |
+10,000
| New | +$177K |
|
5402
CuriosityStream
CURI
$150M
| $164K | ﹤0.01% |
30,856
-7,158
| -19% | -$33K |
|
5403
Airgain
AIRG
$72.1M
| $163K | ﹤0.01% |
37,593
| – | – |
|
|
RMMZ
5404
RiverNorth Managed Duration Municipal Income Fund II
RMMZ
$125M
| $163K | ﹤0.01% |
10,842
-5,025
| -32% | -$72.6K |
|
|
CGAU
5405
Centerra Gold
CGAU
$3.44B
| $162K | ﹤0.01% |
+15,138
| New | +$121K |
|
5406
PagSeguro Digital
PAGS
$2.68B
| $162K | ﹤0.01% |
16,229
-1,794
| -10% | -$16.1K |
|
5407
First Advantage
FA
$3.5B
| $161K | ﹤0.01% |
10,479
-27
| -0.3% | -$447 |
|
|
MESO
5408
CALL
Mesoblast
MESO
$1.88B
| $161K | ﹤0.01% |
10,000
| – | – |
|
|
EEA
5409
European Equity Fund
EEA
$75.6M
| $160K | ﹤0.01% |
14,777
| – | – |
|
5410
SEALSQ Corp
LAES
$559M
| $160K | ﹤0.01% |
42,652
+6,395
| +18% | +$20.7K |
|
5411
Douglas Elliman
DOUG
$158M
| $158K | ﹤0.01% |
55,252
+31,028
| +128% | +$81.4K |
|
5412
American Resources Corp
AREC
$217M
| $158K | ﹤0.01% |
58,500
+36,200
| +162% | +$61.9K |
|
5413
Duos Technologies
DUOT
$285M
| $157K | ﹤0.01% |
21,391
+341
| +2% | +$2.43K |
|
5414
Protara Therapeutics
TARA
$223M
| $157K | ﹤0.01% |
36,050
+1,050
| +3% | +$3.4K |
|
5415
Immuneering
IMRX
$270M
| $157K | ﹤0.01% |
+22,400
| New | +$116K |
|
5416
Full Truck Alliance
YMM
$10.1B
| $156K | ﹤0.01% |
+12,046
| New | +$149K |
|
5417
OFS Capital
OFS
$46.4M
| $155K | ﹤0.01% |
20,163
+2,014
| +11% | +$16.9K |
|
|
IRBT
5418
DELISTED
iRobot
IRBT
| $155K | ﹤0.01% |
43,106
-306
| -0.7% | -$1.18K |
|
5419
Denali Therapeutics
DNLI
$3.67B
| $155K | ﹤0.01% |
+10,648
| New | +$153K |
|
5420
Microbot Medical
MBOT
$119M
| $152K | ﹤0.01% |
49,905
+5,459
| +12% | +$17K |
|
5421
CVRx
CVRX
$146M
| $152K | ﹤0.01% |
+18,820
| New | +$142K |
|
|
SEMR
5422
DELISTED
Semrush
SEMR
| $152K | ﹤0.01% |
+21,447
| New | +$175K |
|
5423
Braskem
BAK
$924M
| $151K | ﹤0.01% |
62,535
-2,020
| -3% | -$6.48K |
|
|
NRT
5424
North European Oil Royalty Trust
NRT
$83.6M
| $150K | ﹤0.01% |
27,443
-2,390
| -8% | -$12.4K |
|
5425
Compass Therapeutics
CMPX
$340M
| $149K | ﹤0.01% |
42,470
| – | – |
|
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.