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 | |
|---|---|---|---|---|---|---|
|
EEA
5526
European Equity Fund
EEA
$76.6M
| $152K | ﹤0.01% |
14,777
| – | – |
|
|
SFIX
5527
Stitch Fix
SFIX
$560M
| $152K | ﹤0.01% |
28,943
+11,670
| +68% | +$53.2K |
|
5528
Amtech Systems
ASYS
$272M
| $151K | ﹤0.01% |
11,993
-822
| -6% | -$7.41K |
|
|
DHC
5529
Diversified Healthcare Trust
DHC
$2.14B
| $150K | ﹤0.01% |
31,005
+83
| +0.3% | +$376 |
|
|
KAZR
5530
Skyline Builders Group
KAZR
$57M
| $150K | ﹤0.01% |
51,000
-41,000
| -45% | -$123K |
|
5531
Hertz
HTZ
$809M
| $150K | ﹤0.01% |
29,136
-55,297
| -65% | -$302K |
|
5532
PUT
SoundHound AI
SOUN
$3.49B
| $150K | ﹤0.01% |
+15,000
| New | +$216K |
|
|
HELP
5533
Cybin Inc
HELP
$720M
| $148K | ﹤0.01% |
18,125
+5,015
| +38% | +$32.3K |
|
5534
Nuveen Minnesota Quality Municipal Income Fund
NMS
$74.2M
| $148K | ﹤0.01% |
+12,645
| New | +$150K |
|
5535
Blue Ridge Bankshares
BRBS
$332M
| $147K | ﹤0.01% |
34,310
+2,000
| +6% | +$8.67K |
|
5536
Douglas Emmett
DEI
$1.96B
| $145K | ﹤0.01% |
13,154
-12,130
| -48% | -$152K |
|
|
FOLD
5537
PUT
DELISTED
Amicus Therapeutics
FOLD
| $142K | ﹤0.01% |
+10,000
| New | +$98.2K |
|
5538
Fate Therapeutics
FATE
$326M
| $142K | ﹤0.01% |
144,816
+120,900
| +506% | +$145K |
|
|
RC
5539
Ready Capital
RC
$308M
| $142K | ﹤0.01% |
65,216
-22,895
| -26% | -$64.1K |
|
5540
Oxbridge Re Holdings Ltd Warrant
OXBRW
$671K
| $142K | ﹤0.01% |
713,852
| – | – |
|
5541
Coherus Oncology
CHRS
$196M
| $140K | ﹤0.01% |
98,541
-120,600
| -55% | -$176K |
|
5542
CALL
Gossamer Bio
GOSS
$87M
| $140K | ﹤0.01% |
45,000
-5,000
| -10% | -$14.3K |
|
|
DEFT
5543
Defi Technologies
DEFT
$183M
| $139K | ﹤0.01% |
184,641
-69,542
| -27% | -$106K |
|
|
ACRE
5544
Ares Commercial Real Estate
ACRE
$270M
| $134K | ﹤0.01% |
27,950
+2,284
| +9% | +$11.1K |
|
5545
Editas Medicine
EDIT
$442M
| $133K | ﹤0.01% |
64,856
+23,443
| +57% | +$67.7K |
|
|
5546
Oxbridge Re Holdings
OXBR
$10.8M
| $133K | ﹤0.01% |
100,673
| – | – |
|
|
BORR
5547
Borr Drilling
BORR
$1.19B
| $133K | ﹤0.01% |
32,908
-10,033
| -23% | -$33.3K |
|
5548
Hooker Furnishings Corp
HOFT
$166M
| $132K | ﹤0.01% |
11,684
+1,660
| +17% | +$16.7K |
|
|
BCIC
5549
BCP Investment Corp
BCIC
$92.9M
| $131K | ﹤0.01% |
11,092
+594
| +6% | +$7.22K |
|
5550
Taboola.com
TBLA
$1.11B
| $131K | ﹤0.01% |
28,308
+5,814
| +26% | +$21.9K |
|
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.