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 | |
|---|---|---|---|---|---|---|
976
Dover
DOV
$27.6B
| $38.5M | 0.01% |
230,974
+11,741
| +5% | +$2.11M |
|
977
Invesco S&P MidCap Low Volatility ETF
XMLV
$750M
| $38.5M | 0.01% |
605,940
-16,719
| -3% | -$1.05M |
|
978
Global X Cybersecurity ETF
BUG
$1.28B
| $38.5M | 0.01% |
1,093,533
+189,737
| +21% | +$6.57M |
|
979
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$738M
| $38.4M | 0.01% |
575,887
-23,632
| -4% | -$1.55M |
|
980
VanEck High Yield Muni ETF
HYD
$4.43B
| $38.4M | 0.01% |
754,721
+105,041
| +16% | +$5.23M |
|
981
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.46B
| $38.3M | 0.01% |
793,567
+43,625
| +6% | +$2.1M |
|
982
AB Disruptors ETF
FWD
$2.93B
| $38.2M | 0.01% |
377,994
+81,901
| +28% | +$7.66M |
|
983
Fidelity MSCI Utilities Index ETF
FUTY
$2.31B
| $38.2M | 0.01% |
676,241
+69,280
| +11% | +$3.78M |
|
984
JPMorgan Limited Duration Bond ETF
JPLD
$3.96B
| $38.2M | 0.01% |
727,125
+305,731
| +73% | +$16M |
|
985
Vanguard Russell 1000 ETF
VONE
$8.27B
| $38.1M | 0.01% |
126,080
+21,356
| +20% | +$6.22M |
|
986
Ross Stores
ROST
$80.5B
| $38.1M | 0.01% |
249,753
+9,850
| +4% | +$1.41M |
|
987
Cboe Global Markets
CBOE
$32.5B
| $38M | 0.01% |
154,857
+9,290
| +6% | +$2.23M |
|
988
VictoryShares WestEnd US Sector ETF
MODL
$1.03B
| $37.9M | 0.01% |
819,721
+127,152
| +18% | +$5.65M |
|
|
XYZ
989
Block Inc
XYZ
$48.4B
| $37.8M | 0.01% |
522,844
-32,026
| -6% | -$2.4M |
|
990
State Street SPDR Portfolio TIPS ETF
SPIP
$1.01B
| $37.7M | 0.01% |
1,433,535
+29,423
| +2% | +$769K |
|
991
Amcor
AMCR
$20.8B
| $37.6M | 0.01% |
919,334
+457,733
| +99% | +$20.5M |
|
992
Take-Two Interactive
TTWO
$45.4B
| $37.3M | 0.01% |
144,276
-17,598
| -11% | -$4.17M |
|
993
ARK Autonomous Technology & Robotics ETF
ARKQ
$1.9B
| $37.2M | 0.01% |
333,241
+22,583
| +7% | +$2.23M |
|
994
iShares MSCI World ETF
URTH
$7.99B
| $37.2M | 0.01% |
204,744
+17,488
| +9% | +$3.06M |
|
995
Hilton Worldwide
HLT
$72.1B
| $37.2M | 0.01% |
143,208
+13,977
| +11% | +$3.78M |
|
|
KHPI
996
Kensington Hedged Premium Income ETF
KHPI
$410M
| $37.1M | 0.01% |
1,452,247
+798,156
| +122% | +$20.4M |
|
997
Roper Technologies
ROP
$38.8B
| $36.7M | 0.01% |
73,594
-5,708
| -7% | -$3.04M |
|
998
State Street SPDR Russell 1000 Low Volatility Focus ETF
ONEV
$303M
| $36.7M | 0.01% |
275,389
+6,830
| +3% | +$900K |
|
999
eBay
EBAY
$50.6B
| $36.6M | 0.01% |
402,345
+27,135
| +7% | +$2.4M |
|
1000
Goldman Sachs Access Inflation Protected USD Bond ETF
GTIP
$292M
| $36.6M | 0.01% |
732,466
+86,245
| +13% | +$4.28M |
|
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.