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 | |
|---|---|---|---|---|---|---|
1076
Eversource Energy
ES
$27.2B
| $33.6M | 0.01% |
499,212
+49,676
| +11% | +$3.49M |
|
1077
Global X Copper Miners ETF NEW
COPX
$8.2B
| $33.5M | 0.01% |
466,543
+237,695
| +104% | +$15.2M |
|
1078
WisdomTree Trust WisdomTree Interest Rate Hedged High Yield Bond Fund
HYZD
$261M
| $33.4M | 0.01% |
1,481,490
+325,481
| +28% | +$7.32M |
|
1079
First Trust Health Care AlphaDEX Fund
FXH
$1.11B
| $33.2M | 0.01% |
291,709
-1,599
| -0.5% | -$181K |
|
1080
Simplify Health Care ETF
PINK
$391M
| $33.1M | 0.01% |
905,040
+561,199
| +163% | +$19.6M |
|
1081
Regions Financial
RF
$26.8B
| $33.1M | 0.01% |
1,222,265
+69,455
| +6% | +$1.77M |
|
1082
WisdomTree US SmallCap Earnings Fund
EES
$731M
| $33M | 0.01% |
580,190
+28,914
| +5% | +$1.62M |
|
1083
Natera
NTRA
$46.4B
| $33M | 0.01% |
144,154
+6,954
| +5% | +$1.45M |
|
1084
Astera Labs
ALAB
$58B
| $33M | 0.01% |
198,321
+43,389
| +28% | +$7.26M |
|
1085
Guggenheim Strategic Opportunities Fund
GOF
$2.26B
| $32.9M | 0.01% |
2,552,235
+151,730
| +6% | +$1.99M |
|
1086
Cameco
CCJ
$42.4B
| $32.9M | 0.01% |
359,275
-116,095
| -24% | -$10.5M |
|
1087
Avantis US Large Cap Equity ETF
AVLC
$1.43B
| $32.9M | 0.01% |
417,911
+84,619
| +25% | +$6.57M |
|
1088
Dow Inc
DOW
$21.2B
| $32.8M | 0.01% |
1,404,073
+263,912
| +23% | +$6.07M |
|
|
RSPA
1089
Invesco S&P 500 Equal Weight Income Advantage ETF
RSPA
$1.05B
| $32.8M | 0.01% |
643,604
+219,201
| +52% | +$11.2M |
|
1090
WisdomTree International Equity Fund
DWM
$697M
| $32.8M | 0.01% |
476,596
-7,699
| -2% | -$517K |
|
1091
Amplify CEF High Income ETF
YYY
$741M
| $32.8M | 0.01% |
2,846,681
+99,341
| +4% | +$1.16M |
|
1092
American Century Diversified Municipal Bond ETF
TAXF
$685M
| $32.7M | 0.01% |
649,182
+28,876
| +5% | +$1.46M |
|
1093
Graphic Packaging
GPK
$3.58B
| $32.7M | 0.01% |
2,168,276
+351,630
| +19% | +$5.78M |
|
1094
Xtrackers S&P 500 ESG ETF
SNPE
$2.77B
| $32.6M | 0.01% |
522,496
-701
| -0.1% | -$43K |
|
|
B
1095
Barrick Mining
B
$73.2B
| $32.5M | 0.01% |
746,805
-43,468
| -6% | -$1.63M |
|
1096
Franklin High Yield Corporate ETF
FLHY
$1.24B
| $32.4M | 0.01% |
1,328,195
+142,587
| +12% | +$3.47M |
|
1097
International Paper
IP
$22B
| $32.4M | 0.01% |
821,495
-9,483
| -1% | -$390K |
|
1098
Franklin Senior Loan ETF
FLBL
$857M
| $32.3M | 0.01% |
1,380,886
-69,801
| -5% | -$1.65M |
|
1099
State Street SPDR US Large Cap Low Volatility Index ETF
LGLV
$1.23B
| $32.3M | 0.01% |
183,961
+676
| +0.4% | +$119K |
|
1100
Equinix
EQIX
$103B
| $32.3M | 0.01% |
42,138
+2,414
| +6% | +$1.89M |
|
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.