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 | |
|---|---|---|---|---|---|---|
|
FIRY
5676
Firy Inc
FIRY
$163M
| $60.2K | ﹤0.01% |
13,961
-638
| -4% | -$3.94K |
|
|
PLG
5677
Platinum Group Metals
PLG
$193M
| $59.8K | ﹤0.01% |
25,320
+6,664
| +36% | +$16.1K |
|
5678
Smart Sand
SND
$194M
| $59.6K | ﹤0.01% |
14,900
+4,000
| +37% | +$11.3K |
|
5679
SelectQuote
SLQT
$121M
| $58.7K | ﹤0.01% |
41,650
-10,075
| -19% | -$16.9K |
|
5680
Precision BioSciences
DTIL
$207M
| $58.4K | ﹤0.01% |
14,041
+2,000
| +17% | +$11.4K |
|
5681
Future Fuel
FF
$223M
| $57.9K | ﹤0.01% |
18,159
| – | – |
|
5682
Petco
WOOF
$794M
| $57.6K | ﹤0.01% |
20,491
-7,761
| -27% | -$25.1K |
|
|
HTZWW
5683
Hertz Global Holdings Warrants
HTZWW
$95.5M
| $57.1K | ﹤0.01% |
21,318
+4,423
| +26% | +$13.2K |
|
5684
GoodRx Holdings
GDRX
$1.26B
| $56.6K | ﹤0.01% |
20,893
-4,123
| -16% | -$13.5K |
|
5685
Cadiz
CDZI
$291M
| $56.4K | ﹤0.01% |
+10,050
| New | +$53.9K |
|
5686
Critical Metals Corp Warrants
CRMLW
$20.5M
| $54.6K | ﹤0.01% |
20,000
| – | – |
|
|
CIF
5687
DELISTED
MFS Intermediate High Income Fund
CIF
| $54.2K | ﹤0.01% |
31,863
| – | – |
|
5688
ProShares UltraShort Silver
ZSL
$52.3M
| $53.4K | ﹤0.01% |
+1,000
| New | +$110K |
|
5689
The Honest Company
HNST
$586M
| $53.2K | ﹤0.01% |
20,607
+1,843
| +10% | +$5.65K |
|
5690
Knightscope
KSCP
$31.6M
| $52.9K | ﹤0.01% |
+14,249
| New | +$72.4K |
|
|
FNUC
5691
Frontier Nuclear and Minerals Inc
FNUC
$44.7M
| $52.1K | ﹤0.01% |
+17,362
| New | +$65.6K |
|
|
STEX
5692
Streamex Corp
STEX
$83M
| $52K | ﹤0.01% |
17,164
+4,541
| +36% | +$20.3K |
|
5693
Marchex
MCHX
$79.7M
| $51.9K | ﹤0.01% |
31,240
| – | – |
|
5694
Energy Vault
NRGV
$633M
| $51.3K | ﹤0.01% |
11,121
-703
| -6% | -$2.69K |
|
|
TTRX
5695
Turn Therapeutics
TTRX
$310M
| $51.2K | ﹤0.01% |
+13,000
| New | +$54.2K |
|
|
AIFC
5696
AI Financial Corp
AIFC
$61.3M
| $48.9K | ﹤0.01% |
44,479
+4,430
| +11% | +$8.53K |
|
5697
Ovid Therapeutics
OVID
$491M
| $48.9K | ﹤0.01% |
30,000
+18,000
| +150% | +$27.7K |
|
|
CCIF
5698
Carlyle Credit Income Fund
CCIF
$60.2M
| $48.7K | ﹤0.01% |
10,378
-72
| -0.7% | -$369 |
|
5699
KULR Technology Group
KULR
$135M
| $47.8K | ﹤0.01% |
16,158
+5,466
| +51% | +$20.1K |
|
|
VIVO
5700
VivoPower PLC
VIVO
$124M
| $47.4K | ﹤0.01% |
20,924
-3,200
| -13% | -$11K |
|
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.