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 | |
|---|---|---|---|---|---|---|
1326
iShares Global Consumer Staples ETF
KXI
$1.07B
| $21.3M | 0.01% |
331,329
-1,661
| -0.5% | -$109K |
|
1327
Wabtec
WAB
$49.1B
| $21.2M | 0.01% |
105,913
-22,714
| -18% | -$4.48M |
|
1328
FT Vest Buffered Allocation Growth ETF
BUFG
$327M
| $21.2M | 0.01% |
787,171
+70,002
| +10% | +$1.84M |
|
1329
Invesco Building & Construction ETF
PKB
$430M
| $21.2M | 0.01% |
221,347
+59,841
| +37% | +$5.32M |
|
1330
Fidelity High Yield Factor ETF
FDHY
$566M
| $21.1M | 0.01% |
428,278
+27,477
| +7% | +$1.35M |
|
1331
LeaderShares AlphaFactor Tactical Focused ETF
LSAT
$64.7M
| $21.1M | 0.01% |
510,214
-44,194
| -8% | -$1.81M |
|
1332
Old Dominion Freight Line
ODFL
$44.1B
| $21M | 0.01% |
149,484
+7,214
| +5% | +$1.1M |
|
1333
ARK Genomic Revolution ETF
ARKG
$1.55B
| $21M | 0.01% |
756,694
+22,459
| +3% | +$568K |
|
1334
Invesco MSCI USA ETF
PBUS
$11.4B
| $20.9M | 0.01% |
311,644
+13,706
| +5% | +$884K |
|
|
EIPI
1335
FT Energy Income Partners Enhanced Income ETF
EIPI
$1.07B
| $20.9M | 0.01% |
1,053,569
+48,227
| +5% | +$951K |
|
1336
Aecom
ACM
$9.3B
| $20.9M | 0.01% |
159,936
-11,150
| -7% | -$1.35M |
|
1337
Dimensional US High Profitability ETF
DUHP
$12.2B
| $20.8M | 0.01% |
550,766
+83,881
| +18% | +$3.08M |
|
1338
American Century Quality Diversified International ETF
QINT
$665M
| $20.8M | 0.01% |
338,836
+33,919
| +11% | +$2.02M |
|
1339
Jabil
JBL
$33B
| $20.8M | 0.01% |
95,581
+35,947
| +60% | +$7.83M |
|
1340
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.08B
| $20.7M | 0.01% |
369,687
-2,914
| -0.8% | -$161K |
|
1341
EQT Corp
EQT
$33.3B
| $20.7M | 0.01% |
380,815
-131,214
| -26% | -$6.93M |
|
|
INCE
1342
Franklin Income Equity Focus ETF
INCE
$133M
| $20.7M | 0.01% |
349,598
+16,311
| +5% | +$958K |
|
1343
First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
$429M
| $20.7M | 0.01% |
1,291,772
+94,801
| +8% | +$1.52M |
|
1344
Expeditors International
EXPD
$22B
| $20.7M | 0.01% |
169,006
+9,735
| +6% | +$1.16M |
|
1345
Ametek
AME
$55.4B
| $20.7M | 0.01% |
110,185
-1,958
| -2% | -$360K |
|
1346
Stride
LRN
$3.41B
| $20.7M | 0.01% |
138,796
+13,495
| +11% | +$1.98M |
|
1347
State Street SPDR S&P 500 ESG ETF
EFIV
$1,000M
| $20.6M | 0.01% |
323,738
+5,896
| +2% | +$360K |
|
1348
Invesco 0-5 Yr US TIPS ETF
PBTP
$106M
| $20.6M | 0.01% |
787,574
+128,034
| +19% | +$3.35M |
|
1349
Fidelity MSCI Industrials Index ETF
FIDU
$2.3B
| $20.6M | 0.01% |
251,110
+69,398
| +38% | +$5.56M |
|
1350
Rocket Lab Corp
RKLB
$40.6B
| $20.5M | 0.01% |
427,116
-100,604
| -19% | -$4.56M |
|
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.