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 | |
|---|---|---|---|---|---|---|
|
CCCXW
5626
DELISTED
Churchill Capital Corp X Warrants
CCCXW
| $89.3K | ﹤0.01% |
+11,600
| New | +$86.5K |
|
|
RZLV
5627
Rezolve AI
RZLV
$1.09B
| $88.8K | ﹤0.01% |
34,556
-3,004
| -8% | -$11.3K |
|
5628
Designer Brands
DBI
$333M
| $88.5K | ﹤0.01% |
11,912
-17,977
| -60% | -$86.4K |
|
5629
Cadrenal Therapeutics
CVKD
$6.96M
| $88.1K | ﹤0.01% |
13,000
-1,200
| -8% | -$13.6K |
|
5630
Absci
ABSI
$1.51B
| $87.6K | ﹤0.01% |
25,093
+3,584
| +17% | +$13.1K |
|
5631
SES AI
SES
$208M
| $86.8K | ﹤0.01% |
48,207
+21,847
| +83% | +$49K |
|
|
AVR
5632
Anteris Technologies
AVR
$867M
| $86.3K | ﹤0.01% |
17,295
-1,400
| -7% | -$6.42K |
|
5633
Ring Energy
REI
$339M
| $86.1K | ﹤0.01% |
98,910
-3,500
| -3% | -$3.34K |
|
|
FLNA
5634
Filana Therapeutics
FLNA
$48.1M
| $86K | ﹤0.01% |
43,427
+1,310
| +3% | +$4.19K |
|
5635
OFS Capital
OFS
$51.9M
| $85.2K | ﹤0.01% |
17,907
-2,256
| -11% | -$13K |
|
|
AUTL
5636
Autolus Therapeutics
AUTL
$562M
| $84.8K | ﹤0.01% |
42,625
-91,400
| -68% | -$140K |
|
5637
Sabre
SABR
$835M
| $84K | ﹤0.01% |
61,785
-5,946
| -9% | -$10.2K |
|
|
BHR
5638
Braemar Hotels & Resorts
BHR
$142M
| $83.2K | ﹤0.01% |
29,000
| – | – |
|
5639
PUT
Transocean
RIG
$5.82B
| $82.6K | ﹤0.01% |
+20,000
| New | +$77.7K |
|
|
AIRO
5640
PUT
AIRO Group Holdings
AIRO
$268M
| $81.8K | ﹤0.01% |
+10,000
| New | +$129K |
|
5641
Sidus Space
SIDU
$229M
| $81.5K | ﹤0.01% |
+25,943
| New | +$29.9K |
|
5642
Data Storage Corp
DTST
$7.81M
| $81.2K | ﹤0.01% |
15,856
+2,000
| +14% | +$8.89K |
|
5643
Helix Energy Solutions
HLX
$1.41B
| $80.9K | ﹤0.01% |
12,907
-710
| -5% | -$4.72K |
|
5644
Babcock & Wilcox
BW
$1.39B
| $80.3K | ﹤0.01% |
+12,673
| New | +$62.5K |
|
|
ACTU
5645
Actuate Therapeutics
ACTU
$26.4M
| $79.3K | ﹤0.01% |
12,965
-3,250
| -20% | -$22.3K |
|
5646
Destination XL Group
DXLG
$35.4M
| $78.6K | ﹤0.01% |
85,430
-471
| -0.5% | -$483 |
|
5647
Citizens
CIA
$192M
| $77.4K | ﹤0.01% |
16,027
| – | – |
|
5648
Organogenesis Holdings
ORGO
$239M
| $77.4K | ﹤0.01% |
14,939
+800
| +6% | +$3.88K |
|
5649
American Resources Corp
AREC
$293M
| $76.9K | ﹤0.01% |
31,010
-27,490
| -47% | -$91.6K |
|
5650
Greystone Housing Impact Investors LP
GHI
$135M
| $76.5K | ﹤0.01% |
+11,099
| New | +$86.6K |
|
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.