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 | |
|---|---|---|---|---|---|---|
701
CME Group
CME
$96.4B
| $67.2M | 0.02% |
248,805
-25,669
| -9% | -$6.98M |
|
702
WisdomTree US Total Dividend Fund
DTD
$1.65B
| $67.1M | 0.02% |
799,294
+34,362
| +4% | +$2.82M |
|
|
GARP
703
iShares MSCI USA Quality GARP ETF
GARP
$2.57B
| $66.7M | 0.02% |
1,016,108
+317,323
| +45% | +$19.8M |
|
704
Autodesk
ADSK
$49.5B
| $66.6M | 0.02% |
209,738
+5,083
| +2% | +$1.55M |
|
|
EQIN
705
Columbia U.S. Equity Income ETF
EQIN
$307M
| $66.6M | 0.02% |
1,426,726
+78,465
| +6% | +$3.58M |
|
706
Cardinal Health
CAH
$53.7B
| $66.5M | 0.02% |
423,680
+125,908
| +42% | +$19.4M |
|
707
W.W. Grainger
GWW
$65.4B
| $66.5M | 0.02% |
69,776
-240
| -0.3% | -$241K |
|
708
Janus Henderson Mortgage-Backed Securities ETF
JMBS
$6.68B
| $66.5M | 0.02% |
1,455,414
+164,420
| +13% | +$7.41M |
|
709
Newmont
NEM
$98.8B
| $66.4M | 0.02% |
787,843
+224,474
| +40% | +$15.7M |
|
710
Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF
GGUS
$431M
| $66.1M | 0.02% |
1,044,707
+549,602
| +111% | +$33.2M |
|
711
iShares MSCI USA Value Factor ETF
VLUE
$9.24B
| $65.8M | 0.02% |
526,467
-7,627
| -1% | -$898K |
|
712
Sea Limited
SE
$65.7B
| $65.7M | 0.02% |
367,471
+53,977
| +17% | +$9.25M |
|
713
Invesco Water Resources ETF
PHO
$2.01B
| $65.4M | 0.02% |
907,589
+85,246
| +10% | +$6.11M |
|
714
Hewlett Packard
HPE
$63.6B
| $65.3M | 0.02% |
2,660,654
-90,026
| -3% | -$1.99M |
|
715
Amplify Blockchain Technology ETF
BLOK
$1.09B
| $65.3M | 0.02% |
974,558
+293,083
| +43% | +$17.8M |
|
716
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.4B
| $65.3M | 0.02% |
850,561
+48,058
| +6% | +$3.6M |
|
717
Vanguard Core Bond ETF
VCRB
$7.17B
| $65.1M | 0.02% |
830,840
+348,259
| +72% | +$27M |
|
718
iShares MSCI Mexico ETF
EWW
$1.93B
| $65.1M | 0.02% |
954,762
+75,587
| +9% | +$4.72M |
|
719
abrdn Physical Gold Shares ETF
SGOL
$6.92B
| $64.7M | 0.02% |
1,758,913
+377,074
| +27% | +$12.4M |
|
720
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.42B
| $64.7M | 0.02% |
1,041,797
-415,818
| -29% | -$25M |
|
721
Federated Hermes US Strategic Dividend ETF
FDV
$847M
| $64.7M | 0.02% |
2,260,156
+343,014
| +18% | +$9.73M |
|
722
Target
TGT
$65.4B
| $64.6M | 0.02% |
720,603
+136,330
| +23% | +$13.4M |
|
|
PPL
723
PPL Corp
PPL
$26.6B
| $64.6M | 0.02% |
1,738,852
+50,385
| +3% | +$1.81M |
|
724
Monster Beverage
MNST
$94.4B
| $64.4M | 0.02% |
957,453
-18,559
| -2% | -$1.16M |
|
725
Amplify Cybersecurity ETF
HACK
$2.68B
| $64.3M | 0.02% |
741,229
+19,662
| +3% | +$1.67M |
|
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.