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 | |
|---|---|---|---|---|---|---|
1101
WisdomTree US SmallCap Earnings Fund
EES
$719M
| $30.8M | 0.01% |
551,276
+40,314
| +8% | +$2.18M |
|
1102
Packaging Corp of America
PKG
$21.9B
| $30.6M | 0.01% |
140,606
+14,374
| +11% | +$2.96M |
|
1103
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
| $30.6M | 0.01% |
1,208,694
+91,090
| +8% | +$2.29M |
|
1104
Hartford Financial Services
HIG
$38.9B
| $30.5M | 0.01% |
229,003
+12,146
| +6% | +$1.56M |
|
1105
iShares MSCI Emerging Markets Asia ETF
EEMA
$833M
| $30.5M | 0.01% |
332,777
+17,448
| +6% | +$1.51M |
|
1106
AeroVironment
AVAV
$7.56B
| $30.5M | 0.01% |
96,840
+31,288
| +48% | +$8.09M |
|
1107
Blue Owl Capital
OBDC
$5.34B
| $30.5M | 0.01% |
2,387,405
+13,403
| +0.6% | +$191K |
|
1108
Regions Financial
RF
$26.4B
| $30.4M | 0.01% |
1,152,810
+145,801
| +14% | +$3.79M |
|
1109
KraneShares CSI China Internet ETF
KWEB
$5.64B
| $30.4M | 0.01% |
723,497
+101,895
| +16% | +$3.82M |
|
1110
Astera Labs
ALAB
$53.3B
| $30.3M | 0.01% |
154,932
+18,210
| +13% | +$2.99M |
|
1111
Vulcan Materials
VMC
$34.8B
| $30.3M | 0.01% |
98,542
+3,983
| +4% | +$1.13M |
|
1112
Devon Energy
DVN
$52.1B
| $30.3M | 0.01% |
862,815
+67,915
| +9% | +$2.31M |
|
1113
Globe Life
GL
$14.2B
| $30.2M | 0.01% |
211,525
-121,511
| -36% | -$16.5M |
|
1114
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.75B
| $30.2M | 0.01% |
316,035
+22,370
| +8% | +$2.13M |
|
1115
Innovator Nasdaq-100 Managed Floor ETF
QFLR
$524M
| $30.2M | 0.01% |
911,543
+121,084
| +15% | +$3.81M |
|
1116
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.83B
| $30.2M | 0.01% |
599,514
-54,494
| -8% | -$2.69M |
|
|
IBHE
1117
DELISTED
iShares iBonds 2025 Term High Yield and Income ETF
IBHE
| $30M | 0.01% |
1,291,304
-68,770
| -5% | -$1.59M |
|
1118
MP Materials
MP
$7.36B
| $29.8M | 0.01% |
444,671
+288,891
| +185% | +$18.2M |
|
1119
Vanguard FTSE Pacific ETF
VPL
$8.08B
| $29.8M | 0.01% |
339,373
+45,349
| +15% | +$3.86M |
|
1120
Vanguard ESG US Stock ETF
ESGV
$13.1B
| $29.8M | 0.01% |
251,418
+9,350
| +4% | +$1.06M |
|
1121
Virtus Newfleet Multi-Sector Bond ETF
NFLT
$447M
| $29.7M | 0.01% |
1,289,021
+798,850
| +163% | +$18.3M |
|
|
FITB
1122
Fifth Third Bancorp
FITB
$51.2B
| $29.6M | 0.01% |
663,333
+57,331
| +9% | +$2.51M |
|
|
SCHQ
1123
Schwab Long-Term US Treasury ETF
SCHQ
$792M
| $29.5M | 0.01% |
914,318
-37,292
| -4% | -$1.18M |
|
1124
Liberty All-Star Equity Fund
USA
$1.79B
| $29.5M | 0.01% |
4,651,450
+115,427
| +3% | +$762K |
|
1125
Snap-on
SNA
$21.2B
| $29.4M | 0.01% |
84,810
+6,411
| +8% | +$2.1M |
|
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.