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 | |
|---|---|---|---|---|---|---|
5651
PUT
Archer Aviation
ACHR
$4.26B
| $75.2K | ﹤0.01% |
+10,000
| New | +$94.1K |
|
|
DFDV
5652
DeFi Development Corp
DFDV
$87M
| $75.1K | ﹤0.01% |
+14,880
| New | +$136K |
|
5653
SmartRent
SMRT
$272M
| $74.7K | ﹤0.01% |
37,000
+14,000
| +61% | +$22.9K |
|
5654
Ardagh Metal Packaging
AMBP
$3.01B
| $74.6K | ﹤0.01% |
18,186
-610
| -3% | -$2.31K |
|
|
INN
5655
Summit Hotel Properties
INN
$700M
| $74.3K | ﹤0.01% |
15,263
-556
| -4% | -$2.91K |
|
5656
Comstock
LODE
$245M
| $73.9K | ﹤0.01% |
19,650
-8,445
| -30% | -$28.7K |
|
|
GPUS
5657
Hyperscale Data Inc
GPUS
$55.4M
| $73.4K | ﹤0.01% |
+400,000
| New | +$137K |
|
|
AGEN
5658
Agenus
AGEN
$290M
| $73.2K | ﹤0.01% |
23,326
+3,943
| +20% | +$15.7K |
|
5659
Heron Therapeutics
HRTX
$92.9M
| $72.7K | ﹤0.01% |
55,889
+5,256
| +10% | +$6.49K |
|
5660
XTI Aerospace
XTIA
$58.9M
| $72.3K | ﹤0.01% |
58,276
+1,342
| +2% | +$1.97K |
|
5661
Rayonier Advanced Materials
RYAM
$610M
| $71.5K | ﹤0.01% |
12,131
-20,025
| -62% | -$130K |
|
5662
New Fortress Energy
NFE
$101M
| $69.4K | ﹤0.01% |
60,862
-56,287
| -48% | -$83K |
|
|
NFGC
5663
New Found Gold
NFGC
$641M
| $68.6K | ﹤0.01% |
+23,088
| New | +$56.7K |
|
|
NVA
5664
Nova Minerals Corp
NVA
$218M
| $68.3K | ﹤0.01% |
+11,184
| New | +$87.2K |
|
5665
Rafael Holdings
RFL
$107M
| $67.8K | ﹤0.01% |
57,420
| – | – |
|
|
INV
5666
Innventure Inc
INV
$289M
| $67.7K | ﹤0.01% |
+16,195
| New | +$68K |
|
5667
Bumble
BMBL
$373M
| $66.2K | ﹤0.01% |
18,546
-3,014
| -14% | -$13.3K |
|
5668
Empire State Realty Series ES
ESBA
$1.34B
| $65.2K | ﹤0.01% |
10,356
+22
| +0.2% | +$154 |
|
|
FMST
5669
Foremost Lithium Resource & Technology
FMST
$23.2M
| $64K | ﹤0.01% |
30,194
+8,016
| +36% | +$23.7K |
|
|
NEWP
5670
New Pacific Metals
NEWP
$1.17B
| $63.7K | ﹤0.01% |
+18,157
| New | +$49.7K |
|
5671
Investcorp Credit Management BDC
ICMB
$12.1M
| $61.6K | ﹤0.01% |
22,811
-1,700
| -7% | -$4.81K |
|
|
CXE
5672
DELISTED
MFS High Income Municipal Trust
CXE
| $61.5K | ﹤0.01% |
16,620
-3,666
| -18% | -$13.6K |
|
5673
CALL
ImmunityBio
IBRX
$8.1B
| $61.4K | ﹤0.01% |
31,000
-14,000
| -31% | -$31.7K |
|
5674
CI&T Inc
CINT
$458M
| $61.3K | ﹤0.01% |
15,059
-213
| -1% | -$969 |
|
5675
Gray Television
GTN
$552M
| $61.3K | ﹤0.01% |
12,659
+164
| +1% | +$803 |
|
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.