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 | |
|---|---|---|---|---|---|---|
1601
Vanguard US Minimum Volatility ETF
VFMV
$432M
| $13.9M | ﹤0.01% |
105,931
+10,351
| +11% | +$1.34M |
|
1602
Franklin Municipal Green Bond ETF
FLMB
$74.9M
| $13.9M | ﹤0.01% |
587,670
-109,184
| -16% | -$2.52M |
|
1603
Eastman Chemical
EMN
$8B
| $13.9M | ﹤0.01% |
220,450
-17,181
| -7% | -$1.2M |
|
1604
Liberty Media Series C
FWONK
$24.6B
| $13.9M | ﹤0.01% |
133,048
-12,719
| -9% | -$1.29M |
|
1605
Haleon
HLN
$43.5B
| $13.9M | ﹤0.01% |
1,546,646
+147,169
| +11% | +$1.42M |
|
1606
JPMorgan BetaBuilders Canada ETF
BBCA
$10.9B
| $13.8M | ﹤0.01% |
158,528
+7,206
| +5% | +$601K |
|
1607
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$429M
| $13.8M | ﹤0.01% |
150,002
-5,816
| -4% | -$509K |
|
1608
Lamar Advertising Co
LAMR
$16.2B
| $13.8M | ﹤0.01% |
112,766
+6,177
| +6% | +$767K |
|
1609
AngloGold Ashanti
AU
$40.1B
| $13.8M | ﹤0.01% |
196,175
+60,714
| +45% | +$3.4M |
|
1610
Essential Utilities
WTRG
$11.3B
| $13.8M | ﹤0.01% |
345,785
+62,285
| +22% | +$2.37M |
|
1611
HealthEquity
HQY
$8.41B
| $13.8M | ﹤0.01% |
145,325
+105,923
| +269% | +$9.97M |
|
1612
Timothy Plan US Large/Mid Cap Core ETF
TPLC
$306M
| $13.8M | ﹤0.01% |
297,060
+18,173
| +7% | +$830K |
|
1613
iShares ESG Aware MSCI USA Value ETF
EVUS
$364M
| $13.7M | ﹤0.01% |
435,444
+427,090
| +5,112% | +$13.1M |
|
|
QTOP
1614
iShares Nasdaq Top 30 Stocks ETF
QTOP
$281M
| $13.7M | ﹤0.01% |
440,312
+149,908
| +52% | +$4.43M |
|
1615
Global X Copper Miners ETF NEW
COPX
$7.31B
| $13.7M | ﹤0.01% |
228,848
-98,898
| -30% | -$4.78M |
|
1616
CRISPR Therapeutics
CRSP
$4.73B
| $13.7M | ﹤0.01% |
211,061
+16,482
| +8% | +$946K |
|
1617
Gold Fields
GFI
$29B
| $13.6M | ﹤0.01% |
324,900
+102,910
| +46% | +$3.19M |
|
1618
Invesco NASDAQ Next Gen 100 ETF
QQQJ
$1.12B
| $13.6M | ﹤0.01% |
380,572
-12,685
| -3% | -$432K |
|
1619
iShares iBonds Dec 2028 Term Treasury ETF
IBTI
$1.88B
| $13.6M | ﹤0.01% |
608,093
+63,738
| +12% | +$1.42M |
|
1620
WisdomTree True Developed International Fund
DOL
$830M
| $13.6M | ﹤0.01% |
218,436
+18,524
| +9% | +$1.13M |
|
1621
First Trust Japan AlphaDEX Fund
FJP
$249M
| $13.6M | ﹤0.01% |
208,070
+33,117
| +19% | +$2.08M |
|
1622
Medpace
MEDP
$16.1B
| $13.6M | ﹤0.01% |
26,357
+9,888
| +60% | +$4.32M |
|
1623
AES
AES
$10.5B
| $13.5M | ﹤0.01% |
1,029,537
+107,066
| +12% | +$1.39M |
|
1624
Halliburton
HAL
$26.9B
| $13.5M | ﹤0.01% |
549,929
-6,055
| -1% | -$134K |
|
1625
CenterPoint Energy
CNP
$27.7B
| $13.5M | ﹤0.01% |
347,879
+11,583
| +3% | +$438K |
|
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.