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 | |
|---|---|---|---|---|---|---|
|
QTOP
1626
iShares Nasdaq Top 30 Stocks ETF
QTOP
$291M
| $14.6M | ﹤0.01% |
456,978
+16,666
| +4% | +$531K |
|
1627
Texas Pacific Land
TPL
$23.9B
| $14.6M | ﹤0.01% |
50,838
+2,070
| +4% | +$632K |
|
1628
Lamar Advertising Co
LAMR
$16.1B
| $14.6M | ﹤0.01% |
115,107
+2,341
| +2% | +$293K |
|
1629
JPMorgan Core Plus Bond ETF
JCPB
$14.1B
| $14.5M | ﹤0.01% |
306,361
+61,761
| +25% | +$2.94M |
|
1630
AAM Low Duration Preferred and Income Securities ETF
PFLD
$409M
| $14.5M | ﹤0.01% |
741,076
-214,404
| -22% | -$4.22M |
|
1631
Quest Diagnostics
DGX
$26.1B
| $14.5M | ﹤0.01% |
83,386
-2,024
| -2% | -$369K |
|
1632
Innovator US Equity Power Buffer ETF July
PJUL
$1.29B
| $14.5M | ﹤0.01% |
311,290
+31,097
| +11% | +$1.43M |
|
1633
Harbor Dividend Growth Leaders ETF
GDIV
$240M
| $14.4M | ﹤0.01% |
866,221
-26,436
| -3% | -$433K |
|
1634
Applied Industrial Technologies
AIT
$13.3B
| $14.4M | ﹤0.01% |
56,239
-20,651
| -27% | -$5.28M |
|
1635
Invesco California AMT-Free Municipal Bond ETF
PWZ
$1.17B
| $14.4M | ﹤0.01% |
597,009
+6,477
| +1% | +$157K |
|
1636
KraneShares Public-Private Emerging Markets Internet and Technology ETF
KEMQ
$26.4M
| $14.4M | ﹤0.01% |
584,373
+456,361
| +356% | +$11.9M |
|
1637
Applied Digital
APLD
$8.39B
| $14.4M | ﹤0.01% |
586,129
+124,492
| +27% | +$3.59M |
|
1638
Williams-Sonoma
WSM
$29.7B
| $14.4M | ﹤0.01% |
80,366
+4,045
| +5% | +$758K |
|
1639
First Trust Natural Gas ETF
FCG
$636M
| $14.3M | ﹤0.01% |
612,446
+170,761
| +39% | +$3.99M |
|
1640
FlexShares Global Upstream Natural Resources Index Fund
GUNR
$7.06B
| $14.3M | ﹤0.01% |
312,214
+11,194
| +4% | +$497K |
|
1641
iShares Global Healthcare ETF
IXJ
$4.23B
| $14.3M | ﹤0.01% |
146,572
+4,174
| +3% | +$395K |
|
1642
ALPS Equal Sector Weight ETF
EQL
$763M
| $14.3M | ﹤0.01% |
307,778
+15,574
| +5% | +$718K |
|
1643
Global X Dow 30 Covered Call ETF
DJIA
$189M
| $14.3M | ﹤0.01% |
648,311
+59,246
| +10% | +$1.32M |
|
|
TEM
1644
Tempus AI
TEM
$10.1B
| $14.3M | ﹤0.01% |
241,523
+12,194
| +5% | +$954K |
|
1645
Fabrinet
FN
$19.1B
| $14.2M | ﹤0.01% |
31,238
+6,983
| +29% | +$3.04M |
|
1646
FlexShares Quality Dividend Defensive Index Fund
QDEF
$561M
| $14.2M | ﹤0.01% |
175,605
+7,349
| +4% | +$591K |
|
1647
Hubbell
HUBB
$27.1B
| $14.2M | ﹤0.01% |
31,992
+5,763
| +22% | +$2.53M |
|
1648
Illumina
ILMN
$28.8B
| $14.2M | ﹤0.01% |
108,096
+10,591
| +11% | +$1.24M |
|
1649
Evergy
EVRG
$19B
| $14.2M | ﹤0.01% |
195,552
+2,635
| +1% | +$200K |
|
1650
Halozyme
HALO
$12B
| $14.2M | ﹤0.01% |
210,320
+15,376
| +8% | +$1.03M |
|
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.