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 | |
|---|---|---|---|---|---|---|
1451
First Solar
FSLR
$22.7B
| $17.5M | 0.01% |
79,287
-550
| -0.7% | -$106K |
|
|
IFLN
1452
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$308M
| $17.5M | 0.01% |
940,570
+15,814
| +2% | +$292K |
|
1453
Twilio
TWLO
$30B
| $17.4M | 0.01% |
173,846
+1,021
| +0.6% | +$115K |
|
1454
CBRE Group
CBRE
$42.5B
| $17.4M | 0.01% |
110,433
-7,336
| -6% | -$1.13M |
|
1455
Plains GP Holdings
PAGP
$5.21B
| $17.3M | 0.01% |
950,503
+44,436
| +5% | +$849K |
|
1456
Putnam Focused Large Cap Value ETF
PVAL
$13.1B
| $17.3M | 0.01% |
405,184
+268,654
| +197% | +$11.1M |
|
1457
iShares Micro-Cap ETF
IWC
$1.44B
| $17.3M | 0.01% |
115,964
+72,370
| +166% | +$10M |
|
1458
WisdomTree US Efficient Core Fund
NTSX
$1.35B
| $17.3M | 0.01% |
320,428
-153,124
| -32% | -$7.93M |
|
1459
Paycom
PAYC
$7.64B
| $17.2M | 0.01% |
82,463
-2,277
| -3% | -$513K |
|
|
EVV
1460
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $17.2M | 0.01% |
1,690,923
+611,275
| +57% | +$6.23M |
|
1461
WisdomTree Trust WisdomTree Emerging Markets Quality Dividend Growth Fund
DGRE
$141M
| $17.1M | 0.01% |
597,756
-10,440
| -2% | -$293K |
|
|
UFOX
1462
Defiance Space and Connective Tech ETF
UFOX
$835M
| $17.1M | 0.01% |
277,652
-3,423
| -1% | -$195K |
|
1463
Strategy Shares Nasdaq 7HANDL Index ETF
HNDL
$630M
| $17.1M | 0.01% |
767,714
-7,088
| -0.9% | -$155K |
|
|
OWNS
1464
CCM Affordable Housing MBS ETF
OWNS
$104M
| $17.1M | 0.01% |
983,282
+37,332
| +4% | +$645K |
|
1465
Cohen & Steers REIT and Preferred and Income Fund
RNP
$982M
| $17M | 0.01% |
756,854
-61,550
| -8% | -$1.38M |
|
1466
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.38B
| $17M | ﹤0.01% |
786,472
+67,215
| +9% | +$1.4M |
|
1467
Alcon
ALC
$33.6B
| $16.9M | ﹤0.01% |
226,639
-4,815
| -2% | -$402K |
|
1468
Edwards Lifesciences
EW
$49.6B
| $16.9M | ﹤0.01% |
217,009
-87,774
| -29% | -$6.86M |
|
1469
Kinross Gold
KGC
$27.4B
| $16.9M | ﹤0.01% |
679,054
+363,659
| +115% | +$7M |
|
1470
iShares US Consumer Discretionary ETF
IYC
$1.17B
| $16.8M | ﹤0.01% |
160,508
-54,503
| -25% | -$5.59M |
|
|
FITE
1471
State Street SPDR S&P Kensho Future Security ETF
FITE
$143M
| $16.8M | ﹤0.01% |
196,123
+17,235
| +10% | +$1.36M |
|
1472
VeriSign
VRSN
$26.2B
| $16.8M | ﹤0.01% |
60,018
+5,315
| +10% | +$1.49M |
|
1473
Global X SuperDividend US ETF
DIV
$780M
| $16.8M | ﹤0.01% |
948,190
+22,452
| +2% | +$398K |
|
1474
Allegion
ALLE
$13.4B
| $16.8M | ﹤0.01% |
94,562
+11,718
| +14% | +$1.94M |
|
1475
Kenvue
KVUE
$36.9B
| $16.8M | ﹤0.01% |
1,032,143
-1,110,698
| -52% | -$22.7M |
|
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.