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 | |
|---|---|---|---|---|---|---|
1751
IQ MacKay Municipal Insured ETF
MMIN
$466M
| $11.4M | ﹤0.01% |
477,936
-37,728
| -7% | -$876K |
|
1752
BlackRock Enhanced Captial and Income Fund
CII
$1,000M
| $11.4M | ﹤0.01% |
494,597
+17,646
| +4% | +$388K |
|
1753
Invesco KBW Premium Yield Equity REIT ETF
KBWY
$314M
| $11.4M | ﹤0.01% |
712,204
+23,041
| +3% | +$368K |
|
1754
Cambria Global Value ETF
GVAL
$585M
| $11.4M | ﹤0.01% |
388,618
+132,776
| +52% | +$3.77M |
|
1755
BlackRock Science and Technology Trust
BST
$1.64B
| $11.4M | ﹤0.01% |
274,492
+14,025
| +5% | +$553K |
|
1756
RBC Bearings
RBC
$17.8B
| $11.3M | ﹤0.01% |
29,079
-6,420
| -18% | -$2.5M |
|
1757
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.11B
| $11.3M | ﹤0.01% |
463,441
+29,024
| +7% | +$701K |
|
1758
iShares Morningstar Small-Cap Value ETF
ISCV
$700M
| $11.3M | ﹤0.01% |
170,000
-17,790
| -9% | -$1.16M |
|
1759
iShares iBonds Dec 2030 Term Corporate ETF
IBDV
$3.27B
| $11.3M | ﹤0.01% |
511,031
+39,438
| +8% | +$868K |
|
1760
Global Payments
GPN
$23.4B
| $11.3M | ﹤0.01% |
136,159
+16,905
| +14% | +$1.42M |
|
1761
Hubbell
HUBB
$24.8B
| $11.3M | ﹤0.01% |
26,229
+1,696
| +7% | +$730K |
|
1762
iShares iBonds Dec 2027 Term Muni Bond ETF
IBMP
$653M
| $11.3M | ﹤0.01% |
442,647
+17,276
| +4% | +$440K |
|
1763
Opendoor
OPEN
$3.85B
| $11.2M | ﹤0.01% |
1,457,768
+1,124,230
| +337% | +$4.56M |
|
1764
iShares ESG Screened S&P 500 ETF
XVV
$656M
| $11.2M | ﹤0.01% |
218,026
+21,320
| +11% | +$1.06M |
|
1765
ON Semiconductor
ON
$31.9B
| $11.2M | ﹤0.01% |
227,480
-638,555
| -74% | -$33.6M |
|
1766
BWX Technologies
BWXT
$15.7B
| $11.2M | ﹤0.01% |
60,525
+214
| +0.4% | +$34.4K |
|
|
TCAL
1767
T. Rowe Price Capital Appreciation Premium Income ETF
TCAL
$287M
| $11.2M | ﹤0.01% |
+457,194
| New | +$11.3M |
|
1768
DexCom
DXCM
$32.6B
| $11.1M | ﹤0.01% |
165,532
+11,035
| +7% | +$873K |
|
1769
Accel Entertainment
ACEL
$965M
| $11.1M | ﹤0.01% |
1,003,369
-4,818
| -0.5% | -$56.3K |
|
1770
Global X Video Games & Esports ETF
HERO
$65.6M
| $11.1M | ﹤0.01% |
327,778
+119,195
| +57% | +$3.89M |
|
1771
iShares ESG Screened S&P Mid-Cap ETF
XJH
$422M
| $11.1M | ﹤0.01% |
253,189
+38,513
| +18% | +$1.66M |
|
1772
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$301M
| $11.1M | ﹤0.01% |
94,038
-151
| -0.2% | -$17.1K |
|
1773
Marathon Digital Holdings
MARA
$4.49B
| $11.1M | ﹤0.01% |
607,863
+211,881
| +54% | +$3.57M |
|
1774
Ollie's Bargain Outlet
OLLI
$4.52B
| $11.1M | ﹤0.01% |
86,330
-5,904
| -6% | -$784K |
|
1775
Alpha Architect US Quantitative Momentum ETF
QMOM
$422M
| $11.1M | ﹤0.01% |
172,000
+36,565
| +27% | +$2.32M |
|
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.