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 | |
|---|---|---|---|---|---|---|
926
American International
AIG
$41.3B
| $44.3M | 0.01% |
517,509
-72,134
| -12% | -$5.77M |
|
927
Hilton Worldwide
HLT
$71.5B
| $44.3M | 0.01% |
154,122
+10,914
| +8% | +$2.97M |
|
928
Huntington Ingalls Industries
HII
$12.8B
| $44.2M | 0.01% |
130,093
-56,411
| -30% | -$17.5M |
|
929
VanEck Rare Earth/Strategic Metals ETF
REMX
$2.24B
| $44.2M | 0.01% |
598,454
+328,393
| +122% | +$23.5M |
|
930
Bank of Montreal
BMO
$127B
| $44M | 0.01% |
339,198
-58,329
| -15% | -$7.39M |
|
931
Invesco S&P 500 Equal Weight Utilities ETF
RSPU
$530M
| $43.9M | 0.01% |
586,864
+24,285
| +4% | +$1.87M |
|
932
Innovator Nasdaq-100 Managed Floor ETF
QFLR
$533M
| $43.8M | 0.01% |
1,278,138
+366,595
| +40% | +$12.5M |
|
933
Digital Realty Trust
DLR
$71.7B
| $43.8M | 0.01% |
283,076
-35,643
| -11% | -$5.85M |
|
934
Pultegroup
PHM
$25.3B
| $43.7M | 0.01% |
372,668
-27,579
| -7% | -$3.38M |
|
935
ARK Web x.0 ETF
ARKW
$1.76B
| $43.7M | 0.01% |
295,571
-27,325
| -8% | -$4.43M |
|
936
iShares Future Exponential Technologies ETF
XT
$3.97B
| $43.6M | 0.01% |
624,671
+1,446
| +0.2% | +$106K |
|
937
BNY Mellon Global Infrastructure Income ETF
BKGI
$1.27B
| $43.5M | 0.01% |
1,078,957
+273,812
| +34% | +$10.9M |
|
938
iShares MSCI World ETF
URTH
$8.27B
| $43.4M | 0.01% |
233,889
+29,145
| +14% | +$5.36M |
|
939
SLB Ltd
SLB
$75B
| $43.4M | 0.01% |
1,130,457
+127,770
| +13% | +$4.63M |
|
940
iShares iBonds 2026 Term High Yield and Income ETF
IBHF
$808M
| $43.3M | 0.01% |
1,877,214
+424,903
| +29% | +$9.86M |
|
941
State Street SPDR Dow Jones REIT ETF
RWR
$1.97B
| $43.2M | 0.01% |
439,980
+120,601
| +38% | +$12M |
|
942
Corteva
CTVA
$51.3B
| $43.1M | 0.01% |
643,587
-101,570
| -14% | -$6.57M |
|
943
First Trust California Municipal High income ETF
FCAL
$220M
| $43M | 0.01% |
872,810
+22,277
| +3% | +$1.1M |
|
944
JPMorgan Limited Duration Bond ETF
JPLD
$3.95B
| $43M | 0.01% |
821,298
+94,173
| +13% | +$4.94M |
|
945
NXP Semiconductors
NXPI
$60.4B
| $43M | 0.01% |
197,938
-16,006
| -7% | -$3.43M |
|
946
iShares ESG Optimized MSCI USA ETF
SUSA
$4.18B
| $42.9M | 0.01% |
308,016
+13,497
| +5% | +$1.86M |
|
|
FEGE
947
First Eagle Global Equity ETF
FEGE
$2.33B
| $42.8M | 0.01% |
930,028
+515,835
| +125% | +$23.3M |
|
948
Sprott Physical Gold and Silver Trust
CEF
$8.06B
| $42.8M | 0.01% |
934,345
+21,663
| +2% | +$877K |
|
949
WisdomTree International Quality Dividend Growth Fund
IQDG
$734M
| $42.7M | 0.01% |
1,030,236
+2,075
| +0.2% | +$83.8K |
|
950
Franklin Short Duration US Government ETF
FTSD
$302M
| $42.4M | 0.01% |
466,237
+70,066
| +18% | +$6.37M |
|
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.