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 | |
|---|---|---|---|---|---|---|
5676
Moleculin Biotech
MBRX
$2.42M
| $30.8K | ﹤0.01% |
2,323
+80
| +4% | +$1.08K |
|
5677
Fate Therapeutics
FATE
$296M
| $30.1K | ﹤0.01% |
23,916
+10,000
| +72% | +$10.8K |
|
5678
Outlook Therapeutics
OTLK
$175M
| $30.1K | ﹤0.01% |
28,424
+13,297
| +88% | +$23K |
|
5679
OmniAb
OABI
$286M
| $30.1K | ﹤0.01% |
18,800
-891
| -5% | -$1.63K |
|
5680
Valens Semiconductor
VLN
$173M
| $29.9K | ﹤0.01% |
16,709
| – | – |
|
|
WRN
5681
Western Copper and Gold
WRN
$465M
| $29.6K | ﹤0.01% |
+15,040
| New | +$21.4K |
|
5682
Talkspace
TALK
$873M
| $28.4K | ﹤0.01% |
10,297
+43
| +0.4% | +$111 |
|
5683
Phunware
PHUN
$43.6M
| $28.3K | ﹤0.01% |
+10,274
| New | +$29.6K |
|
5684
Playboy Inc
PLBY
$133M
| $28.2K | ﹤0.01% |
19,168
+8,000
| +72% | +$13.7K |
|
|
CRON
5685
CALL
Cronos Group
CRON
$1.07B
| $27.8K | ﹤0.01% |
10,000
-40,000
| -80% | -$94.1K |
|
5686
Compugen
CGEN
$209M
| $27.8K | ﹤0.01% |
18,878
+6,500
| +53% | +$9.66K |
|
5687
Zevia
ZVIA
$118M
| $27.7K | ﹤0.01% |
10,190
-22,310
| -69% | -$64.2K |
|
5688
Hyperfine
HYPR
$99.3M
| $26.8K | ﹤0.01% |
18,450
+3,340
| +22% | +$3.9K |
|
5689
iQIYI
IQ
$1.24B
| $26.7K | ﹤0.01% |
10,418
-1,250
| -11% | -$2.77K |
|
5690
Heartbeam
BEAT
$27.8M
| $26.4K | ﹤0.01% |
16,000
| – | – |
|
5691
Xilio Therapeutics
XLO
$60.8M
| $26.1K | ﹤0.01% |
2,214
| – | – |
|
5692
Intelligent Bio Solutions
INBS
$4.35M
| $25.5K | ﹤0.01% |
+2,500
| New | +$40.3K |
|
5693
Atossa Therapeutics
ATOS
$21.3M
| $24.8K | ﹤0.01% |
1,904
+47
| +3% | +$580 |
|
5694
Netcapital
NCPL
$3.22M
| $24K | ﹤0.01% |
+10,000
| New | +$31.8K |
|
5695
Caribou Biosciences
CRBU
$145M
| $24K | ﹤0.01% |
+10,296
| New | +$19.4K |
|
5696
PAVmed
PAVM
$37.3M
| $23.9K | ﹤0.01% |
1,851
| – | – |
|
5697
IceCure Medical
ICCM
$9.87M
| $23.7K | ﹤0.01% |
779
+150
| +24% | +$4.48K |
|
5698
Aprea Therapeutics
APRE
$7.43M
| $23.7K | ﹤0.01% |
16,052
-1,000
| -6% | -$1.65K |
|
|
SGMO
5699
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $23.6K | ﹤0.01% |
35,099
| – | – |
|
5700
Smart Sand
SND
$187M
| $23.3K | ﹤0.01% |
10,900
| – | – |
|
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.