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 | |
|---|---|---|---|---|---|---|
5626
Laser Photonics
LASE
$49.3M
| $48.4K | ﹤0.01% |
+11,221
| New | +$36.3K |
|
5627
Opko Health
OPK
$985M
| $47.9K | ﹤0.01% |
30,935
+10,699
| +53% | +$14.7K |
|
5628
Milestone Scientific
MLSS
$38.5M
| $47.7K | ﹤0.01% |
104,945
| – | – |
|
|
SACH
5629
Sachem Capital Corp
SACH
$39.8M
| $47.5K | ﹤0.01% |
42,757
+18,438
| +76% | +$22K |
|
5630
AEye
LIDR
$54.2M
| $47.1K | ﹤0.01% |
+18,896
| New | +$45.3K |
|
5631
Immunic
IMUX
$192M
| $46.8K | ﹤0.01% |
+5,305
| New | +$46.8K |
|
5632
Retractable Technologies
RVP
$20.3M
| $44.7K | ﹤0.01% |
53,116
+103
| +0.2% | +$79 |
|
5633
FTAI Infrastructure
FIP
$418M
| $44.7K | ﹤0.01% |
10,256
-4,022
| -28% | -$21.8K |
|
5634
KULR Technology Group
KULR
$128M
| $44.5K | ﹤0.01% |
+10,692
| New | +$57K |
|
5635
SES AI
SES
$227M
| $44K | ﹤0.01% |
26,360
-4,700
| -15% | -$5.62K |
|
|
ORGN
5636
DELISTED
Origin Materials
ORGN
| $43.8K | ﹤0.01% |
2,818
+289
| +11% | +$5.37K |
|
5637
Definitive Healthcare
DH
$73.2M
| $43.8K | ﹤0.01% |
10,780
+529
| +5% | +$2.11K |
|
|
UTF.RT
5638
DELISTED
Cohen & Steers Infrastructure Fund Rights exp Oct 16 2025
UTF.RT
| $43.7K | ﹤0.01% |
+560,027
| New | +$42.2K |
|
|
MDCX
5639
Medicus Pharma
MDCX
$17.7M
| $43.4K | ﹤0.01% |
+18,751
| New | +$47K |
|
5640
Rocket Pharmaceuticals
RCKT
$373M
| $42.2K | ﹤0.01% |
12,936
+1,750
| +16% | +$5.51K |
|
5641
Critical Metals Corp Warrants
CRMLW
$16M
| $42K | ﹤0.01% |
20,000
| – | – |
|
5642
SCYNEXIS
SCYX
$47.7M
| $41.3K | ﹤0.01% |
6,710
-1,213
| -15% | -$8.22K |
|
5643
Broadwind
BWEN
$97.6M
| $41K | ﹤0.01% |
19,535
-11,500
| -37% | -$25.7K |
|
5644
Lineage Cell Therapeutics
LCTX
$274M
| $40.7K | ﹤0.01% |
24,066
-8
| -0% | -$9 |
|
5645
Quantum-Si Incorporated
QSI
$163M
| $40.1K | ﹤0.01% |
28,460
+5,170
| +22% | +$7.47K |
|
|
ITRG
5646
Integra Resources
ITRG
$432M
| $39.8K | ﹤0.01% |
+13,496
| New | +$27.1K |
|
|
LAZR
5647
DELISTED
Luminar Technologies
LAZR
| $39.4K | ﹤0.01% |
20,621
-9,308
| -31% | -$22.8K |
|
5648
TScan Therapeutics
TCRX
$47.8M
| $39.1K | ﹤0.01% |
+21,500
| New | +$38.1K |
|
5649
MacroGenics
MGNX
$237M
| $38.9K | ﹤0.01% |
23,158
+2,000
| +9% | +$3.24K |
|
|
URG
5650
Ur-Energy
URG
$497M
| $38K | ﹤0.01% |
21,250
| – | – |
|
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.