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 | |
|---|---|---|---|---|---|---|
1601
Cornerstone Strategic Value Fund
CLM
$2.24B
| $15.1M | ﹤0.01% |
1,802,318
+350,079
| +24% | +$2.9M |
|
1602
Credit Acceptance
CACC
$6.05B
| $15M | ﹤0.01% |
33,865
-1,164
| -3% | -$540K |
|
1603
Kenvue
KVUE
$36.5B
| $15M | ﹤0.01% |
870,457
-161,686
| -16% | -$2.64M |
|
1604
Alerian MLP Index ETNs due January 28 2044
AMJB
$860M
| $15M | ﹤0.01% |
501,990
+11,905
| +2% | +$354K |
|
1605
AngloGold Ashanti
AU
$47.7B
| $15M | ﹤0.01% |
175,985
-20,190
| -10% | -$1.57M |
|
1606
PGIM Active High Yield Bond ETF
PHYL
$1.4B
| $15M | ﹤0.01% |
422,949
+56,969
| +16% | +$2.02M |
|
1607
Ralph Lauren
RL
$24B
| $15M | ﹤0.01% |
42,422
+3,209
| +8% | +$1.09M |
|
1608
Celsius Holdings
CELH
$6.66B
| $15M | ﹤0.01% |
327,447
+45,060
| +16% | +$2.27M |
|
1609
BHP
BHP
$229B
| $15M | ﹤0.01% |
247,963
+42,982
| +21% | +$2.44M |
|
1610
Cohen & Steers REIT and Preferred and Income Fund
RNP
$979M
| $15M | ﹤0.01% |
753,496
-3,358
| -0.4% | -$69.7K |
|
1611
PUT
Applovin
APP
$115B
| $15M | ﹤0.01% |
+22,200
| New | +$14M |
|
1612
Invesco Solar ETF
TAN
$1.37B
| $15M | ﹤0.01% |
304,400
+84,123
| +38% | +$4.05M |
|
1613
Franklin Responsibly Sourced Gold ETF
FGDL
$446M
| $14.9M | ﹤0.01% |
259,327
+29,017
| +13% | +$1.61M |
|
1614
AvalonBay Communities
AVB
$26.3B
| $14.9M | ﹤0.01% |
82,332
-39,619
| -32% | -$7.19M |
|
1615
Fair Isaac
FICO
$22.4B
| $14.9M | ﹤0.01% |
8,823
-848
| -9% | -$1.46M |
|
1616
Iris Energy
IREN
$14.4B
| $14.9M | ﹤0.01% |
393,867
+111,699
| +40% | +$5.76M |
|
1617
Wintrust Financial
WTFC
$10.8B
| $14.9M | ﹤0.01% |
106,254
+26,488
| +33% | +$3.52M |
|
1618
RB Global
RBA
$17.5B
| $14.8M | ﹤0.01% |
143,922
+9,163
| +7% | +$931K |
|
1619
John Hancock Preferred Income ETF
JHPI
$216M
| $14.8M | ﹤0.01% |
648,267
+154,995
| +31% | +$3.57M |
|
1620
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$946M
| $14.8M | ﹤0.01% |
430,842
+123,749
| +40% | +$3.64M |
|
1621
ICICI Bank
IBN
$108B
| $14.7M | ﹤0.01% |
494,043
+48,108
| +11% | +$1.48M |
|
1622
Simplify Hedged Equity ETF
HEQT
$303M
| $14.7M | ﹤0.01% |
459,311
+53,482
| +13% | +$1.69M |
|
|
PMBS
1623
PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund
PMBS
$1.38B
| $14.7M | ﹤0.01% |
295,571
+56,110
| +23% | +$2.79M |
|
1624
Franklin International Aggregate Bond ETF
FLIA
$765M
| $14.7M | ﹤0.01% |
726,197
+24,819
| +4% | +$511K |
|
1625
Fidelity Limited Term Bond ETF
FLTB
$435M
| $14.6M | ﹤0.01% |
288,480
+45,427
| +19% | +$2.31M |
|
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.