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 | |
|---|---|---|---|---|---|---|
751
Columbia Emerging Markets Consumer ETF
ECON
$328M
| $60.8M | 0.02% |
2,292,061
+354,079
| +18% | +$8.85M |
|
752
ARK Blockchain & Fintech Innovation ETF
ARKF
$722M
| $60.4M | 0.02% |
1,064,112
+6,119
| +0.6% | +$329K |
|
753
Allstate
ALL
$68B
| $60.4M | 0.02% |
281,190
-4,549
| -2% | -$918K |
|
754
Colgate-Palmolive
CL
$73.1B
| $60.3M | 0.02% |
754,885
-71,845
| -9% | -$6.13M |
|
755
Agnico Eagle Mines
AEM
$73.6B
| $60.2M | 0.02% |
357,205
+112,508
| +46% | +$15.5M |
|
756
D.R. Horton
DHI
$40B
| $60.1M | 0.02% |
354,646
+141,115
| +66% | +$22.2M |
|
757
US Treasury 12 Month Bill ETF
OBIL
$306M
| $59.8M | 0.02% |
1,188,240
+65,651
| +6% | +$3.29M |
|
758
Dimensional US Marketwide Value ETF
DFUV
$15.4B
| $59.7M | 0.02% |
1,336,043
-4,428
| -0.3% | -$193K |
|
759
First Trust Mid Cap Growth AlphaDEX Fund
FNY
$578M
| $59.6M | 0.02% |
650,373
-18,379
| -3% | -$1.59M |
|
760
iShares MSCI ACWI ETF
ACWI
$32.9B
| $59.6M | 0.02% |
430,898
+123,552
| +40% | +$16.4M |
|
761
JPMorgan International Growth ETF
JIG
$471M
| $59.5M | 0.02% |
790,002
+412,143
| +109% | +$29.8M |
|
762
Casey's General Stores
CASY
$32.2B
| $59.5M | 0.02% |
105,233
-6,865
| -6% | -$3.59M |
|
763
First Trust Exchange-Traded Fund VI First Trust Hedged BuyWrite Income ETF
FTQI
$919M
| $59.3M | 0.02% |
2,878,011
+202,327
| +8% | +$4.06M |
|
764
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
XSOE
$2.03B
| $59.2M | 0.02% |
1,561,515
+34,611
| +2% | +$1.24M |
|
765
Vanguard Materials ETF
VAW
$2.95B
| $59.1M | 0.02% |
288,438
+65,311
| +29% | +$13.3M |
|
766
iShares US Consumer Staples ETF
IYK
$1.4B
| $59M | 0.02% |
863,163
-56,803
| -6% | -$3.96M |
|
|
CGGE
767
Capital Group Global Equity ETF
CGGE
$2.93B
| $59M | 0.02% |
1,915,473
+1,231,973
| +180% | +$36.8M |
|
768
Invesco BulletShares 2031 Corporate Bond ETF
BSCV
$1.76B
| $59M | 0.02% |
3,534,227
+936,762
| +36% | +$15.5M |
|
769
PUT
Invesco QQQ Trust
QQQ
$453B
| $58.9M | 0.02% |
98,100
-100,500
| -51% | -$57.5M |
|
770
T. Rowe Price
TROW
$23.9B
| $58.7M | 0.02% |
571,703
+40,212
| +8% | +$4.23M |
|
771
FS KKR Capital
FSK
$2.96B
| $58.7M | 0.02% |
3,930,294
+85,303
| +2% | +$1.61M |
|
772
AB US Large Cap Strategic Equities ETF
LRGC
$1.29B
| $58.7M | 0.02% |
762,735
+160,409
| +27% | +$11.9M |
|
773
Shell
SHEL
$254B
| $58.6M | 0.02% |
818,722
+61,352
| +8% | +$4.42M |
|
774
iShares ESG Aware MSCI EM ETF
ESGE
$6.58B
| $58.5M | 0.02% |
1,346,795
+109,667
| +9% | +$4.47M |
|
775
Vanguard Ultra-Short Bond ETF
VUSB
$8.94B
| $58.4M | 0.02% |
1,168,706
+118,962
| +11% | +$5.93M |
|
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.