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 | |
|---|---|---|---|---|---|---|
1851
FT Vest US Equity Moderate Buffer ETF July
GJUL
$406M
| $11M | ﹤0.01% |
266,477
+10,243
| +4% | +$418K |
|
1852
ActivePassive Intermediate Municipal Bond ETF
APMU
$245M
| $11M | ﹤0.01% |
437,552
+40,678
| +10% | +$1.02M |
|
1853
Invesco BulletShares 2032 Municipal Bond ETF
BSMW
$214M
| $11M | ﹤0.01% |
437,004
-5,052
| -1% | -$127K |
|
1854
Akamai
AKAM
$16.9B
| $11M | ﹤0.01% |
125,605
+8,953
| +8% | +$736K |
|
1855
Samsara
IOT
$23.2B
| $10.9M | ﹤0.01% |
308,623
+119,136
| +63% | +$4.61M |
|
1856
Waters Corp
WAT
$40.4B
| $10.9M | ﹤0.01% |
28,749
-50
| -0.2% | -$18.4K |
|
1857
Fox Class A
FOXA
$26.6B
| $10.9M | ﹤0.01% |
149,320
+37,690
| +34% | +$2.46M |
|
1858
T. Rowe Price Blue Chip Growth ETF
TCHP
$2.2B
| $10.9M | ﹤0.01% |
218,778
+149,979
| +218% | +$7.42M |
|
1859
Invesco KBW High Dividend Yield Financial ETF
KBWD
$423M
| $10.9M | ﹤0.01% |
796,679
-131,814
| -14% | -$1.79M |
|
1860
PIMCO 1-5 Year US TIPS Index Exchange-Traded Fund
STPZ
$524M
| $10.9M | ﹤0.01% |
202,586
-28,512
| -12% | -$1.54M |
|
1861
Columbia Short Duration Bond ETF
SBND
$198M
| $10.9M | ﹤0.01% |
574,020
+494,651
| +623% | +$9.37M |
|
1862
VF Corp
VFC
$5.86B
| $10.9M | ﹤0.01% |
600,702
+113,314
| +23% | +$1.84M |
|
1863
Innovator US Equity Power Buffer ETF February
PFEB
$923M
| $10.9M | ﹤0.01% |
266,535
+16,387
| +7% | +$657K |
|
1864
On Holding
ONON
$12.9B
| $10.9M | ﹤0.01% |
233,448
-14,402
| -6% | -$621K |
|
1865
PUT
Meta Platforms (Facebook)
META
$1.52T
| $10.8M | ﹤0.01% |
16,400
+5,500
| +50% | +$3.67M |
|
1866
Las Vegas Sands
LVS
$29.4B
| $10.8M | ﹤0.01% |
165,854
-33,287
| -17% | -$2.04M |
|
1867
BlackRock Credit Allocation Income Trust
BTZ
$958M
| $10.8M | ﹤0.01% |
995,529
+23,333
| +2% | +$256K |
|
1868
Alcoa
AA
$13.6B
| $10.8M | ﹤0.01% |
202,479
+104,966
| +108% | +$4.29M |
|
1869
FlexShares US Quality Low Volatility Index Fund
QLV
$168M
| $10.7M | ﹤0.01% |
149,162
-4,683
| -3% | -$337K |
|
1870
Calvert Ultra-Short Investment Grade ETF
CVSB
$238M
| $10.7M | ﹤0.01% |
211,629
+26,052
| +14% | +$1.32M |
|
1871
Pacer Emerging Markets Cash Cows 100 ETF
ECOW
$226M
| $10.7M | ﹤0.01% |
439,429
+58,592
| +15% | +$1.46M |
|
1872
Global Payments
GPN
$22.8B
| $10.7M | ﹤0.01% |
138,511
+2,352
| +2% | +$189K |
|
1873
First Majestic Silver
AG
$9.29B
| $10.7M | ﹤0.01% |
642,322
-78,990
| -11% | -$1.1M |
|
1874
Alger Mid Cap 40 ETF
FRTY
$150M
| $10.7M | ﹤0.01% |
507,945
+330,486
| +186% | +$7.14M |
|
1875
VictoryShares US 500 Volatility Wtd ETF
CFA
$550M
| $10.7M | ﹤0.01% |
117,370
+1,212
| +1% | +$110K |
|
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.