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 | |
|---|---|---|---|---|---|---|
5501
Sagimet Biosciences
SGMT
$442M
| $108K | ﹤0.01% |
+15,675
| New | +$127K |
|
5502
Manitowoc
MTW
$514M
| $107K | ﹤0.01% |
10,699
-8,116
| -43% | -$90.2K |
|
5503
Heartland Express
HTLD
$949M
| $106K | ﹤0.01% |
12,676
+42
| +0.3% | +$356 |
|
5504
GoodRx Holdings
GDRX
$1.07B
| $106K | ﹤0.01% |
25,016
-26,918
| -52% | -$118K |
|
5505
Designer Brands
DBI
$331M
| $106K | ﹤0.01% |
29,889
-316
| -1% | -$1.09K |
|
|
EMX
5506
DELISTED
EMX Royalty
EMX
| $105K | ﹤0.01% |
20,417
+2,669
| +15% | +$9.23K |
|
|
ENX
5507
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
| $105K | ﹤0.01% |
+10,620
| New | +$99.9K |
|
5508
TETRA Technologies
TTI
$1.15B
| $103K | ﹤0.01% |
17,887
-4,034
| -18% | -$17.2K |
|
5509
Alight
ALIT
$517M
| $102K | ﹤0.01% |
1,566
+186
| +13% | +$16.4K |
|
5510
Lionsgate Studios
LION
$3.94B
| $102K | ﹤0.01% |
14,767
-589
| -4% | -$3.79K |
|
5511
Hooker Furnishings Corp
HOFT
$160M
| $102K | ﹤0.01% |
+10,024
| New | +$105K |
|
5512
SelectQuote
SLQT
$133M
| $101K | ﹤0.01% |
51,725
-1,425
| -3% | -$3.01K |
|
5513
Sundial Growers
SNDL
$320M
| $101K | ﹤0.01% |
37,698
+8,915
| +31% | +$17.9K |
|
5514
Zevra Therapeutics
ZVRA
$594M
| $101K | ﹤0.01% |
+10,602
| New | +$106K |
|
5515
Skye Bioscience
SKYE
$20.5M
| $100K | ﹤0.01% |
25,512
-51,590
| -67% | -$195K |
|
5516
Fortrea Holdings
FTRE
$1.8B
| $99.7K | ﹤0.01% |
11,844
+123
| +1% | +$942 |
|
|
THM
5517
International Tower Hill Mines
THM
$468M
| $99.5K | ﹤0.01% |
60,700
+48,000
| +378% | +$62.2K |
|
5518
KNOT Offshore Partners
KNOP
$370M
| $99.1K | ﹤0.01% |
+11,235
| New | +$86K |
|
5519
Accuray
ARAY
$32.2M
| $98.5K | ﹤0.01% |
58,969
+1,302
| +2% | +$1.93K |
|
|
IAE
5520
Voya Asia Pacific High Dividend Equity Income Fund
IAE
$92.3M
| $98K | ﹤0.01% |
13,062
-900
| -6% | -$6.44K |
|
|
ONL
5521
Orion Office REIT
ONL
$155M
| $97.5K | ﹤0.01% |
36,096
-11,042
| -23% | -$29.5K |
|
|
WHLRP
5522
Wheeler Real Estate Investment Trust Preferred Stock
WHLRP
$9.12M
| $96.7K | ﹤0.01% |
22,865
| – | – |
|
5523
CALL
Grab
GRAB
$15B
| $96.3K | ﹤0.01% |
+16,000
| New | +$84.9K |
|
5524
Comstock
LODE
$229M
| $96.1K | ﹤0.01% |
28,095
+16,315
| +138% | +$50.8K |
|
5525
Neuronetics
STIM
$150M
| $95.8K | ﹤0.01% |
+35,100
| New | +$125K |
|
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.