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 | |
|---|---|---|---|---|---|---|
|
HOLX
1376
DELISTED
Hologic
HOLX
| $19.9M | 0.01% |
294,185
-28,387
| -9% | -$1.88M |
|
1377
Invesco S&P Emerging Markets Low Volatility ETF
EELV
$436M
| $19.8M | 0.01% |
745,055
+23,538
| +3% | +$620K |
|
1378
HEICO Corp Class A
HEI.A
$36B
| $19.8M | 0.01% |
78,034
+15,352
| +24% | +$3.84M |
|
1379
Vanguard Russell 2000 Value ETF
VTWV
$1.29B
| $19.8M | 0.01% |
126,833
+8,844
| +7% | +$1.32M |
|
1380
State Street SPDR S&P Software & Services ETF
XSW
$442M
| $19.7M | 0.01% |
99,664
-24,163
| -20% | -$4.61M |
|
1381
IES Holdings
IESC
$14.8B
| $19.6M | 0.01% |
49,409
-5,267
| -10% | -$1.81M |
|
1382
W.R. Berkley
WRB
$26.9B
| $19.6M | 0.01% |
255,280
-75,731
| -23% | -$5.39M |
|
1383
Manulife Financial
MFC
$73.9B
| $19.5M | 0.01% |
627,166
+9,173
| +1% | +$283K |
|
1384
First Trust Managed Futures Strategy Fund
FMF
$249M
| $19.5M | 0.01% |
401,062
+57,395
| +17% | +$2.7M |
|
1385
iShares Yield Optimized Bond ETF
BYLD
$447M
| $19.4M | 0.01% |
848,057
+9,860
| +1% | +$224K |
|
1386
Amplify Junior Silver Miners ETF
SILJ
$3.18B
| $19.3M | 0.01% |
837,994
-174,750
| -17% | -$3.06M |
|
1387
VictoryShares Small Cap Free Cash Flow ETF
SFLO
$675M
| $19.3M | 0.01% |
663,773
-98,372
| -13% | -$2.77M |
|
1388
Expedia Group
EXPE
$35.4B
| $19.3M | 0.01% |
90,120
+6,094
| +7% | +$1.22M |
|
1389
JPMorgan BetaBuilders International Equity ETF
BBIN
$6.6B
| $19.2M | 0.01% |
274,479
-604,446
| -69% | -$41.5M |
|
1390
Pacer Trendpilot US Mid Cap ETF
PTMC
$392M
| $19.2M | 0.01% |
537,425
-3,292
| -0.6% | -$116K |
|
1391
Invesco Dorsey Wright Industrials Momentum ETF
PRN
$416M
| $19.2M | 0.01% |
111,257
-1,383
| -1% | -$226K |
|
1392
Generac Holdings
GNRC
$11.6B
| $19.2M | 0.01% |
114,820
+9,615
| +9% | +$1.68M |
|
1393
Cognizant
CTSH
$24.9B
| $19.2M | 0.01% |
286,063
+7,361
| +3% | +$532K |
|
1394
iShares US Telecommunications ETF
IYZ
$1.2B
| $19.2M | 0.01% |
594,206
+168,224
| +39% | +$5.17M |
|
1395
iShares Morningstar US Equity ETF
ILCB
$1.27B
| $19.2M | 0.01% |
207,243
+23,575
| +13% | +$2.1M |
|
1396
Toyota
TM
$224B
| $19.1M | 0.01% |
100,060
+10,548
| +12% | +$1.99M |
|
|
HDUS
1397
Hartford Disciplined US Equity ETF
HDUS
$202M
| $19.1M | 0.01% |
296,470
+21,291
| +8% | +$1.32M |
|
1398
argenx
ARGX
$53.4B
| $19M | 0.01% |
25,770
+3,716
| +17% | +$2.45M |
|
1399
Janus Henderson Small Cap Growth Alpha ETF
JSML
$361M
| $19M | 0.01% |
253,804
+72,963
| +40% | +$5.18M |
|
1400
HCM Defender 100 Index ETF
QQH
$716M
| $18.9M | 0.01% |
247,651
+47,482
| +24% | +$3.38M |
|
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.