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 | |
|---|---|---|---|---|---|---|
1501
John Hancock Multifactor Emerging Markets ETF
JHEM
$1.02B
| $17.4M | ﹤0.01% |
527,802
+504,400
| +2,155% | +$16.4M |
|
1502
Steel Dynamics
STLD
$37.6B
| $17.3M | ﹤0.01% |
102,365
-11,221
| -10% | -$1.78M |
|
1503
Timothy Plan US Small Cap Core ETF
TPSC
$385M
| $17.3M | ﹤0.01% |
417,463
+15,632
| +4% | +$644K |
|
1504
ProShares Nasdaq-100 High Income ETF
IQQQ
$410M
| $17.3M | ﹤0.01% |
388,743
+106,307
| +38% | +$4.75M |
|
1505
Halliburton
HAL
$26.6B
| $17.3M | ﹤0.01% |
610,707
+60,778
| +11% | +$1.6M |
|
1506
Invesco NASDAQ Next Gen 100 ETF
QQQJ
$1.18B
| $17.2M | ﹤0.01% |
467,342
+86,770
| +23% | +$3.16M |
|
1507
Allegion
ALLE
$14.4B
| $17.1M | ﹤0.01% |
107,673
+13,111
| +14% | +$2.19M |
|
1508
Roblox
RBLX
$27B
| $17.1M | ﹤0.01% |
211,319
-30,990
| -13% | -$3.29M |
|
1509
WisdomTree Managed Futures Strategy Fund
WTMF
$248M
| $17.1M | ﹤0.01% |
450,357
+121,292
| +37% | +$4.63M |
|
|
DFSD
1510
Dimensional Short-Duration Fixed Income ETF
DFSD
$7.16B
| $17.1M | ﹤0.01% |
355,761
+21,312
| +6% | +$1.03M |
|
1511
Invesco PHLX Semiconductor ETF
SOXQ
$2.91B
| $17M | ﹤0.01% |
305,196
+10,471
| +4% | +$573K |
|
1512
Ferguson
FERG
$49.8B
| $17M | ﹤0.01% |
76,442
-1,623
| -2% | -$388K |
|
1513
Molina Healthcare
MOH
$10.3B
| $17M | ﹤0.01% |
97,772
+55,954
| +134% | +$9.2M |
|
1514
LeaderShares AlphaFactor Tactical Focused ETF
LSAT
$64.9M
| $17M | ﹤0.01% |
436,320
-73,894
| -14% | -$2.97M |
|
1515
Textron
TXT
$15.4B
| $17M | ﹤0.01% |
194,473
+104,955
| +117% | +$8.78M |
|
1516
KraneShares Value Line Dynamic Dividend Equity Index ETF
KVLE
$42.6M
| $16.9M | ﹤0.01% |
661,498
-15,557
| -2% | -$422K |
|
|
HOLX
1517
DELISTED
Hologic
HOLX
| $16.9M | ﹤0.01% |
227,143
-67,042
| -23% | -$4.9M |
|
1518
Strategy Shares Nasdaq 7HANDL Index ETF
HNDL
$637M
| $16.9M | ﹤0.01% |
767,283
-431
| -0.1% | -$9.57K |
|
1519
Innovator US Equity Power Buffer ETF October
POCT
$973M
| $16.9M | ﹤0.01% |
384,039
+33,319
| +10% | +$1.45M |
|
1520
AutoNation
AN
$6.92B
| $16.8M | ﹤0.01% |
81,519
+821
| +1% | +$171K |
|
1521
Vanguard S&P Mid-Cap 400 Growth ETF
IVOG
$1.71B
| $16.8M | ﹤0.01% |
139,976
-16,529
| -11% | -$1.98M |
|
1522
VanEck Digital Transformation ETF
DAPP
$230M
| $16.7M | ﹤0.01% |
1,012,978
-337,050
| -25% | -$7.02M |
|
1523
Lennar Class A
LEN
$21.2B
| $16.7M | ﹤0.01% |
162,743
-13,524
| -8% | -$1.63M |
|
|
CHY
1524
Calamos Convertible and High Income Fund
CHY
$1.06B
| $16.7M | ﹤0.01% |
1,478,856
+102,664
| +7% | +$1.18M |
|
1525
APi Group
APG
$18B
| $16.7M | ﹤0.01% |
436,424
-5,257
| -1% | -$194K |
|
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.