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 | |
|---|---|---|---|---|---|---|
801
T. Rowe Price International Equity ETF
TOUS
$1.58B
| $55.5M | 0.02% |
1,649,593
+361,586
| +28% | +$11.9M |
|
802
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.77B
| $55.3M | 0.02% |
1,217,245
+58,937
| +5% | +$2.56M |
|
803
Digital Realty Trust
DLR
$69.7B
| $55.1M | 0.02% |
318,719
+5,548
| +2% | +$949K |
|
804
Marriott International
MAR
$98.3B
| $55M | 0.02% |
211,043
+19,219
| +10% | +$5.16M |
|
805
FirstEnergy
FE
$28B
| $54.7M | 0.02% |
1,193,393
+158,611
| +15% | +$6.77M |
|
806
Invesco S&P 500 Pure Growth ETF
RPG
$2.01B
| $54.5M | 0.02% |
1,142,670
-2,637
| -0.2% | -$124K |
|
|
OKLO
807
Oklo
OKLO
$6.76B
| $54.4M | 0.02% |
487,519
+10,864
| +2% | +$851K |
|
|
NBSD
808
Neuberger Short Duration Income ETF
NBSD
$1.19B
| $54.4M | 0.02% |
1,062,758
+414,555
| +64% | +$21.2M |
|
809
WisdomTree US SmallCap Dividend Fund
DES
$2.18B
| $54.3M | 0.02% |
1,612,426
-39,334
| -2% | -$1.31M |
|
810
iShares Dow Jones US ETF
IYY
$2.95B
| $54.3M | 0.02% |
334,181
+6,138
| +2% | +$960K |
|
811
Zoetis
ZTS
$32.4B
| $54.2M | 0.02% |
370,162
-55,159
| -13% | -$8.34M |
|
812
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.31B
| $54.2M | 0.02% |
796,951
-15,982
| -2% | -$1.05M |
|
813
Veeva Systems
VEEV
$33.1B
| $54.1M | 0.02% |
181,713
+10,100
| +6% | +$2.84M |
|
814
Albemarle
ALB
$13.9B
| $54.1M | 0.02% |
667,514
-92,436
| -12% | -$7.13M |
|
815
Hartford Total Return Bond ETF
HTRB
$2.2B
| $53.7M | 0.02% |
1,566,858
+361,815
| +30% | +$12.3M |
|
816
Huntington Ingalls Industries
HII
$12.9B
| $53.7M | 0.02% |
186,504
+39,093
| +27% | +$10.4M |
|
817
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.78B
| $53.7M | 0.02% |
1,537,070
+71,982
| +5% | +$2.41M |
|
818
Janus Henderson B-BBB CLO ETF
JBBB
$1.4B
| $53.6M | 0.02% |
1,113,386
-149,560
| -12% | -$7.22M |
|
819
GS ActiveBeta US Small Cap Equity ETF
GSSC
$1.04B
| $53.6M | 0.02% |
715,193
+67,989
| +11% | +$4.9M |
|
820
Alliant Energy
LNT
$18.3B
| $53.5M | 0.02% |
794,270
+56,973
| +8% | +$3.68M |
|
821
Monolithic Power Systems
MPWR
$70.1B
| $53.5M | 0.02% |
58,083
-1,172
| -2% | -$950K |
|
822
State Street SPDR S&P Metals & Mining ETF
XME
$3.87B
| $53.3M | 0.02% |
571,690
+103,415
| +22% | +$8.25M |
|
823
LyondellBasell Industries
LYB
$20B
| $53.3M | 0.02% |
1,085,855
+619,142
| +133% | +$34.9M |
|
824
T. Rowe Price Growth ETF
TGRT
$1.48B
| $53.2M | 0.02% |
1,219,427
+131,876
| +12% | +$5.52M |
|
825
Carlyle Group
CG
$16.6B
| $53.1M | 0.02% |
846,385
+687,105
| +431% | +$42.9M |
|
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.