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 | |
|---|---|---|---|---|---|---|
1626
ICICI Bank
IBN
$108B
| $13.5M | ﹤0.01% |
445,935
+26,254
| +6% | +$857K |
|
1627
Weyerhaeuser
WY
$18B
| $13.5M | ﹤0.01% |
543,744
-46,070
| -8% | -$1.18M |
|
1628
Teradyne
TER
$57.6B
| $13.5M | ﹤0.01% |
97,792
-35,844
| -27% | -$3.92M |
|
1629
FlexShares Quality Dividend Defensive Index Fund
QDEF
$547M
| $13.5M | ﹤0.01% |
168,256
+3,756
| +2% | +$290K |
|
1630
ALPS Equal Sector Weight ETF
EQL
$757M
| $13.5M | ﹤0.01% |
292,204
+11,542
| +4% | +$518K |
|
1631
Phillips Edison & Co
PECO
$5.46B
| $13.4M | ﹤0.01% |
391,659
-21,027
| -5% | -$729K |
|
1632
UGI
UGI
$7.74B
| $13.4M | ﹤0.01% |
403,059
+16,420
| +4% | +$574K |
|
1633
Starwood Property Trust
STWD
$5.92B
| $13.4M | ﹤0.01% |
691,252
+155,488
| +29% | +$3.13M |
|
1634
BlackRock Taxable Municipal Bond Trust
BBN
$978M
| $13.4M | ﹤0.01% |
805,631
+210,396
| +35% | +$3.41M |
|
1635
Schwab Fundamental US Small Company Index ETF
FNDA
$9.12B
| $13.4M | ﹤0.01% |
428,717
+7,931
| +2% | +$241K |
|
1636
RPM International
RPM
$13.7B
| $13.3M | ﹤0.01% |
113,030
+2,145
| +2% | +$257K |
|
1637
Invesco S&P 500 Equal Weight Consumer Discretionary ETF
RSPD
$317M
| $13.3M | ﹤0.01% |
230,901
+121,596
| +111% | +$6.92M |
|
1638
First Trust STOXX European Select Dividend Income Fund
FDD
$891M
| $13.3M | ﹤0.01% |
823,671
+73,958
| +10% | +$1.18M |
|
1639
Freedom 100 Emerging Markets ETF
FRDM
$3.27B
| $13.3M | ﹤0.01% |
299,961
+72,855
| +32% | +$3.06M |
|
1640
Baidu
BIDU
$37.7B
| $13.3M | ﹤0.01% |
100,857
-14,227
| -12% | -$1.41M |
|
1641
iShares MSCI USA Equal Weighted ETF
EUSA
$1.81B
| $13.3M | ﹤0.01% |
129,046
+17,114
| +15% | +$1.74M |
|
1642
Iris Energy
IREN
$13.2B
| $13.2M | ﹤0.01% |
282,168
+187,048
| +197% | +$4.54M |
|
1643
FlexShares Global Upstream Natural Resources Index Fund
GUNR
$7.23B
| $13.2M | ﹤0.01% |
301,020
+34,252
| +13% | +$1.44M |
|
1644
Invesco DB Commodity Index Tracking Fund
DBC
$1.69B
| $13.2M | ﹤0.01% |
584,190
+162,436
| +39% | +$3.61M |
|
1645
State Street Multi-Asset Real Return ETF
RLY
$1.26B
| $13.2M | ﹤0.01% |
426,209
+122,799
| +40% | +$3.68M |
|
1646
Amplify International Enhanced Dividend Income ETF
IDVO
$1.35B
| $13.1M | ﹤0.01% |
351,979
+127,388
| +57% | +$4.5M |
|
|
SGI
1647
Somnigroup International
SGI
$13.7B
| $13.1M | ﹤0.01% |
155,383
+89,287
| +135% | +$7.04M |
|
1648
PGIM Active High Yield Bond ETF
PHYL
$1.32B
| $13.1M | ﹤0.01% |
365,980
+511
| +0.1% | +$18.1K |
|
1649
HEICO Corp
HEI
$49.8B
| $13.1M | ﹤0.01% |
40,528
-2,441
| -6% | -$777K |
|
1650
Nordson
NDSN
$16.6B
| $13.1M | ﹤0.01% |
57,646
-541
| -0.9% | -$119K |
|
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.