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 | |
|---|---|---|---|---|---|---|
1326
Jabil
JBL
$35.8B
| $22.9M | 0.01% |
100,489
+4,908
| +5% | +$1.05M |
|
1327
Old Republic International
ORI
$10.4B
| $22.9M | 0.01% |
501,731
+131,604
| +36% | +$5.71M |
|
1328
Southern Copper
SCCO
$166B
| $22.9M | 0.01% |
162,543
+41,367
| +34% | +$5.48M |
|
1329
Ametek
AME
$58.2B
| $22.9M | 0.01% |
111,456
+1,271
| +1% | +$247K |
|
1330
iShares Emerging Markets Dividend ETF
DVYE
$1.22B
| $22.9M | 0.01% |
733,741
+106,572
| +17% | +$3.26M |
|
|
JFLX
1331
JPMorgan Flexible Debt ETF
JFLX
$1.5B
| $22.8M | 0.01% |
453,245
+6,118
| +1% | +$308K |
|
1332
Nuveen Floating Rate Income Fund
JFR
$1.25B
| $22.7M | 0.01% |
2,903,381
-245,859
| -8% | -$1.94M |
|
|
EIPI
1333
FT Energy Income Partners Enhanced Income ETF
EIPI
$1.08B
| $22.7M | 0.01% |
1,141,886
+88,317
| +8% | +$1.75M |
|
1334
Ameren
AEE
$30.1B
| $22.7M | 0.01% |
226,827
+82,178
| +57% | +$8.43M |
|
1335
PIMCO Ultra Short Government Active ETF
BILZ
$1.03B
| $22.6M | 0.01% |
224,640
-100,217
| -31% | -$10.1M |
|
1336
Unum
UNM
$14.3B
| $22.6M | 0.01% |
291,867
-734
| -0.3% | -$56.1K |
|
|
BSCY
1337
Invesco BulletShares 2034 Corporate Bond ETF
BSCY
$560M
| $22.6M | 0.01% |
1,073,606
+221,464
| +26% | +$4.67M |
|
1338
Builders FirstSource
BLDR
$8.04B
| $22.5M | 0.01% |
219,062
-1,624
| -0.7% | -$182K |
|
1339
State Street Blackstone High Income ETF
HYBL
$574M
| $22.5M | 0.01% |
792,466
-3,508
| -0.4% | -$99.7K |
|
1340
iShares US Energy ETF
IYE
$1.7B
| $22.5M | 0.01% |
473,817
-99,725
| -17% | -$4.72M |
|
|
CGUI
1341
Capital Group Ultra Short Income ETF
CGUI
$319M
| $22.5M | 0.01% |
889,125
+541,663
| +156% | +$13.7M |
|
1342
VanEck Retail ETF
RTH
$263M
| $22.5M | 0.01% |
90,100
-4,824
| -5% | -$1.21M |
|
1343
Best Buy
BBY
$17.3B
| $22.4M | 0.01% |
335,139
+207,984
| +164% | +$15.9M |
|
1344
Global X Adaptive US Risk Management ETF
ONOF
$143M
| $22.4M | 0.01% |
594,085
+46,687
| +9% | +$1.75M |
|
1345
Bloom Energy
BE
$64.6B
| $22.3M | 0.01% |
257,073
+40,131
| +18% | +$4.22M |
|
1346
State Street SPDR S&P Bank ETF
KBE
$1.71B
| $22.3M | 0.01% |
367,844
-168,324
| -31% | -$9.92M |
|
1347
nVent Electric
NVT
$26.7B
| $22.2M | 0.01% |
217,429
+56,097
| +35% | +$5.83M |
|
1348
VanEck Oil Services ETF
OIH
$1.84B
| $22.1M | 0.01% |
77,735
+20,101
| +35% | +$5.63M |
|
1349
Brown & Brown
BRO
$23.9B
| $22.1M | 0.01% |
277,444
+15,663
| +6% | +$1.31M |
|
1350
GraniteShares Gold Shares
BAR
$1.46B
| $22.1M | 0.01% |
520,174
-159,070
| -23% | -$6.51M |
|
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.