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 | |
|---|---|---|---|---|---|---|
1126
Amplify Junior Silver Miners ETF
SILJ
$3.85B
| $30.8M | 0.01% |
1,114,267
+276,273
| +33% | +$6.82M |
|
1127
Dimensional Global Real Estate ETF
DFGR
$3.86B
| $30.8M | 0.01% |
1,166,926
+113,538
| +11% | +$3.06M |
|
1128
SAP
SAP
$238B
| $30.8M | 0.01% |
126,907
-1,388
| -1% | -$354K |
|
1129
CMS Energy
CMS
$22.3B
| $30.8M | 0.01% |
440,626
+5,098
| +1% | +$371K |
|
1130
First Trust Nasdaq Semiconductor ETF
FTXL
$1.36B
| $30.8M | 0.01% |
237,472
+59,001
| +33% | +$7.29M |
|
1131
Roundhill Generative AI & Technology ETF
CHAT
$1.87B
| $30.7M | 0.01% |
521,127
+171,895
| +49% | +$10.7M |
|
1132
Invesco International BuyBack Achievers ETF
IPKW
$557M
| $30.7M | 0.01% |
551,633
+118,436
| +27% | +$6.33M |
|
1133
American Century Quality Diversified International ETF
QINT
$694M
| $30.6M | 0.01% |
477,235
+138,399
| +41% | +$8.65M |
|
1134
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.69B
| $30.6M | 0.01% |
701,511
+171,795
| +32% | +$7.43M |
|
1135
DNP Select Income Fund
DNP
$4.09B
| $30.6M | 0.01% |
3,060,999
+430,094
| +16% | +$4.33M |
|
1136
Vanguard FTSE Pacific ETF
VPL
$8.44B
| $30.6M | 0.01% |
338,039
-1,334
| -0.4% | -$121K |
|
1137
IQVIA
IQV
$39.3B
| $30.5M | 0.01% |
135,471
+12,317
| +10% | +$2.68M |
|
1138
Dollar Tree
DLTR
$25.2B
| $30.5M | 0.01% |
247,972
+160,261
| +183% | +$17.2M |
|
1139
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$762M
| $30.5M | 0.01% |
528,599
-17,333
| -3% | -$983K |
|
1140
American Century Diversified Corporate Bond ETF
KORP
$899M
| $30.4M | 0.01% |
643,815
+70,115
| +12% | +$3.33M |
|
1141
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.92B
| $30.4M | 0.01% |
271,790
-15,710
| -5% | -$1.74M |
|
1142
Invesco Dorsey Wright Developed Markets Momentum ETF
PIZ
$735M
| $30.4M | 0.01% |
620,114
+139,939
| +29% | +$6.73M |
|
1143
Curtiss-Wright
CW
$25.5B
| $30.3M | 0.01% |
55,042
-1,945
| -3% | -$1.08M |
|
1144
Global X Cybersecurity ETF
BUG
$1.46B
| $30.3M | 0.01% |
995,547
-97,986
| -9% | -$3.24M |
|
1145
HSBC
HSBC
$356B
| $30.2M | 0.01% |
384,037
+43,986
| +13% | +$3.15M |
|
1146
JPMorgan Income ETF
JPIE
$10.3B
| $30.2M | 0.01% |
652,659
+177,981
| +37% | +$8.25M |
|
1147
Trade Desk
TTD
$6.49B
| $30.1M | 0.01% |
791,692
-107,039
| -12% | -$4.74M |
|
1148
iShares US Tech Independence Focused ETF
IETC
$717M
| $29.9M | 0.01% |
294,702
+41,869
| +17% | +$4.3M |
|
1149
Franklin US Low Volatility High Dividend Index ETF
LVHD
$626M
| $29.8M | 0.01% |
747,791
-82,917
| -10% | -$3.36M |
|
1150
iShares MSCI ACWI ex US ETF
ACWX
$11.9B
| $29.8M | 0.01% |
444,048
-31,169
| -7% | -$2.07M |
|
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.