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 | |
|---|---|---|---|---|---|---|
1001
DTE Energy
DTE
$29.5B
| $36.5M | 0.01% |
257,948
+15,278
| +6% | +$2.09M |
|
1002
Franklin Short Duration US Government ETF
FTSD
$300M
| $36.1M | 0.01% |
396,171
-41,542
| -9% | -$3.77M |
|
1003
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.78B
| $36M | 0.01% |
200,646
+6,873
| +4% | +$1.17M |
|
1004
Guggenheim Strategic Opportunities Fund
GOF
$2.23B
| $36M | 0.01% |
2,400,505
+348,878
| +17% | +$5.22M |
|
1005
John Hancock Multifactor Developed International ETF
JHMD
$965M
| $35.9M | 0.01% |
896,733
+100,505
| +13% | +$3.93M |
|
1006
Invesco KBW Bank ETF
KBWB
$6.84B
| $35.8M | 0.01% |
457,144
+46,024
| +11% | +$3.47M |
|
1007
Diamondback Energy
FANG
$57.1B
| $35.7M | 0.01% |
249,465
+19,472
| +8% | +$2.77M |
|
1008
Graphic Packaging
GPK
$3.17B
| $35.6M | 0.01% |
1,816,646
+1,722,209
| +1,824% | +$37.4M |
|
1009
State Street SPDR S&P Global Infrastructure ETF
GII
$928M
| $35.5M | 0.01% |
510,778
+27,473
| +6% | +$1.87M |
|
1010
iShare MSCI Eurozone ETF
EZU
$9.64B
| $35.5M | 0.01% |
572,960
-157,789
| -22% | -$9.47M |
|
1011
Schwab US TIPS ETF
SCHP
$16.3B
| $35.3M | 0.01% |
1,309,813
+2,933
| +0.2% | +$78.5K |
|
1012
Regeneron Pharmaceuticals
REGN
$78.5B
| $35.2M | 0.01% |
62,532
+6,171
| +11% | +$3.49M |
|
1013
BILL Holdings
BILL
$4.49B
| $35.1M | 0.01% |
663,435
+4,124
| +0.6% | +$192K |
|
1014
Dimensional Emerging Core Equity Market ETF
DFAE
$9.29B
| $35M | 0.01% |
1,111,005
+59,825
| +6% | +$1.8M |
|
1015
Hartford Multifactor US Equity ETF
ROUS
$696M
| $35M | 0.01% |
608,858
+59,612
| +11% | +$3.29M |
|
1016
iShares China Large-Cap ETF
FXI
$4.37B
| $35M | 0.01% |
850,331
+30,620
| +4% | +$1.18M |
|
1017
Franklin Bitcoin ETF
EZBC
$372M
| $35M | 0.01% |
527,947
+222,327
| +73% | +$14.7M |
|
1018
Invesco BulletShares 2033 Corporate Bond ETF
BSCX
$1.02B
| $34.9M | 0.01% |
1,627,024
+287,280
| +21% | +$6.12M |
|
1019
Columbia EM Core ex-China ETF
XCEM
$1.9B
| $34.9M | 0.01% |
961,176
-27,934
| -3% | -$976K |
|
1020
State Street SPDR Global Dow ETF
DGT
$615M
| $34.9M | 0.01% |
215,613
+51,474
| +31% | +$8M |
|
1021
US Treasury 2 Year Note ETF
UTWO
$481M
| $34.9M | 0.01% |
717,748
+14,849
| +2% | +$719K |
|
1022
Franklin Senior Loan ETF
FLBL
$853M
| $34.8M | 0.01% |
1,450,687
+199,329
| +16% | +$4.82M |
|
1023
Avantis Core Fixed Income ETF
AVIG
$1.94B
| $34.8M | 0.01% |
826,561
+58,905
| +8% | +$2.45M |
|
|
VPLS
1024
Vanguard Core Plus Bond ETF
VPLS
$1.65B
| $34.8M | 0.01% |
442,303
+97,626
| +28% | +$7.6M |
|
1025
Yum! Brands
YUM
$41.8B
| $34.7M | 0.01% |
228,460
+18,904
| +9% | +$2.78M |
|
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.