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 | |
|---|---|---|---|---|---|---|
|
AOCT
5426
Innovator Equity Defined Protection ETF - 2 Yr to October 2026
AOCT
$49.6M
| $207K | ﹤0.01% |
7,784
-16
| -0.2% | -$422 |
|
5427
Bridgewater Bancshares
BWB
$603M
| $206K | ﹤0.01% |
11,770
+855
| +8% | +$14.8K |
|
|
GPGI
5428
GPGI Inc
GPGI
$4.35B
| $206K | ﹤0.01% |
+10,681
| New | +$213K |
|
5429
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$7.42B
| $205K | ﹤0.01% |
+931
| New | +$202K |
|
5430
NeoGenomics
NEO
$2.13B
| $205K | ﹤0.01% |
17,426
+495
| +3% | +$5.34K |
|
5431
CALL
UiPath
PATH
$7.8B
| $205K | ﹤0.01% |
12,500
-3,000
| -19% | -$46.7K |
|
5432
Ceragon Networks
CRNT
$201M
| $205K | ﹤0.01% |
97,534
-1,450
| -1% | -$3.24K |
|
|
KEEL
5433
Keel Infrastructure Corp
KEEL
$2.34B
| $204K | ﹤0.01% |
86,997
+7,641
| +10% | +$26.2K |
|
5434
CNB Financial Corp
CCNE
$1.03B
| $204K | ﹤0.01% |
+7,782
| New | +$197K |
|
|
DTF
5435
DTF Tax-Free Income 2028 Term Fund
DTF
$81.1M
| $204K | ﹤0.01% |
+17,831
| New | +$203K |
|
5436
Revolve Group
RVLV
$1.73B
| $204K | ﹤0.01% |
6,744
-3,666
| -35% | -$88.6K |
|
5437
Kodak
KODK
$983M
| $203K | ﹤0.01% |
24,054
+4,266
| +22% | +$31.9K |
|
5438
City Holding Co
CHCO
$2.04B
| $203K | ﹤0.01% |
1,706
-132
| -7% | -$16.1K |
|
5439
Star Group
SGU
$423M
| $203K | ﹤0.01% |
17,169
+2,188
| +15% | +$25.9K |
|
5440
Invesco CurrencyShares British Pound Sterling Trust
FXB
$64.8M
| $202K | ﹤0.01% |
1,555
-1,956
| -56% | -$250K |
|
5441
CALL
Celsius Holdings
CELH
$7.03B
| $201K | ﹤0.01% |
+4,400
| New | +$222K |
|
5442
Calvert US Mid-Cap Core Responsible Index ETF
CVMC
$109M
| $201K | ﹤0.01% |
3,136
-2,126
| -40% | -$135K |
|
5443
8x8 Inc
EGHT
$332M
| $201K | ﹤0.01% |
101,993
-10,384
| -9% | -$20.4K |
|
5444
Stereotaxis
STXS
$141M
| $201K | ﹤0.01% |
87,359
-15,470
| -15% | -$41.2K |
|
|
NRT
5445
North European Oil Royalty Trust
NRT
$81M
| $201K | ﹤0.01% |
30,503
+3,060
| +11% | +$18.3K |
|
5446
CALL
Aurora
AUR
$13.8B
| $200K | ﹤0.01% |
52,200
+5,200
| +11% | +$23.8K |
|
5447
Core Laboratories
CLB
$521M
| $199K | ﹤0.01% |
12,390
-4,164
| -25% | -$62K |
|
|
AHRT
5448
AH Realty Trust
AHRT
$517M
| $199K | ﹤0.01% |
30,001
-2,282
| -7% | -$15.1K |
|
5449
RPC Inc
RES
$1.3B
| $198K | ﹤0.01% |
36,460
-1,685
| -4% | -$8.76K |
|
5450
MillerKnoll
MLKN
$1.67B
| $198K | ﹤0.01% |
+10,834
| New | +$177K |
|
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.