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 | |
|---|---|---|---|---|---|---|
1151
HCA Healthcare
HCA
$89.5B
| $29.8M | 0.01% |
63,821
-173
| -0.3% | -$80.3K |
|
1152
State Street SPDR S&P 1500 Momentum Tilt ETF
MMTM
$163M
| $29.8M | 0.01% |
101,932
+10,898
| +12% | +$3.15M |
|
|
RINT
1153
Russell Investments International Developed Equity ETF
RINT
$159M
| $29.6M | 0.01% |
1,015,178
+48,430
| +5% | +$1.38M |
|
1154
John Hancock Mortgage-Backed Securities ETF
JHMB
$206M
| $29.6M | 0.01% |
1,333,491
+162,580
| +14% | +$3.62M |
|
1155
Diamondback Energy
FANG
$52.7B
| $29.5M | 0.01% |
196,527
-52,938
| -21% | -$7.81M |
|
|
BITW
1156
Bitwise 10 Crypto Index ETF
BITW
$622M
| $29.5M | 0.01% |
+502,762
| New | +$30M |
|
1157
CRH
CRH
$66.8B
| $29.4M | 0.01% |
235,761
+3,131
| +1% | +$373K |
|
1158
IonQ
IONQ
$16.6B
| $29.4M | 0.01% |
654,968
+93,171
| +17% | +$5.22M |
|
1159
Expedia Group
EXPE
$37.3B
| $29.3M | 0.01% |
103,372
+13,252
| +15% | +$3.27M |
|
1160
Atmos Energy
ATO
$28.8B
| $29.3M | 0.01% |
174,655
+21,587
| +14% | +$3.73M |
|
1161
Arm
ARM
$302B
| $29.3M | 0.01% |
267,730
-29,303
| -10% | -$4.26M |
|
1162
Simplify Managed Futures Strategy ETF
CTA
$1.5B
| $29.2M | 0.01% |
1,072,343
+239,712
| +29% | +$6.58M |
|
1163
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.87B
| $29.2M | 0.01% |
550,399
-49,115
| -8% | -$2.55M |
|
|
EFAA
1164
Invesco MSCI EAFE Income Advantage ETF
EFAA
$630M
| $29M | 0.01% |
536,601
+114,090
| +27% | +$6.08M |
|
1165
Invesco International Dividend Achievers ETF
PID
$919M
| $29M | 0.01% |
1,317,186
+5,217
| +0.4% | +$113K |
|
1166
FlexShares Quality Dividend Index Fund
QDF
$2.28B
| $29M | 0.01% |
358,512
-6,923
| -2% | -$555K |
|
1167
Omega Healthcare
OHI
$14.7B
| $28.9M | 0.01% |
650,706
+17,126
| +3% | +$738K |
|
1168
Datadog
DDOG
$84B
| $28.8M | 0.01% |
211,897
-5,229
| -2% | -$826K |
|
1169
Vulcan Materials
VMC
$36.9B
| $28.8M | 0.01% |
101,016
+2,474
| +3% | +$726K |
|
1170
Invesco KBW Property & Casualty Insurance ETF
KBWP
$272M
| $28.8M | 0.01% |
226,337
-33,750
| -13% | -$4.14M |
|
|
TLN
1171
Talen Energy Corp
TLN
$16.7B
| $28.7M | 0.01% |
76,494
+21,550
| +39% | +$8.38M |
|
1172
First Trust Short Duration Managed Municipal ETF
FSMB
$628M
| $28.5M | 0.01% |
1,422,753
-16,934
| -1% | -$340K |
|
1173
Reaves Utility Income Fund
UTG
$3.61B
| $28.5M | 0.01% |
779,445
+93,261
| +14% | +$3.55M |
|
1174
Vanguard S&P Small-Cap 600 Growth ETF
VIOG
$1.13B
| $28.4M | 0.01% |
234,197
+12,666
| +6% | +$1.54M |
|
1175
Simplify MBS ETF
MTBA
$1.49B
| $28.3M | 0.01% |
561,544
+7,056
| +1% | +$356K |
|
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.