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 | |
|---|---|---|---|---|---|---|
2026
PTC
PTC
$16.2B
| $8.45M | ﹤0.01% |
41,613
+16,148
| +63% | +$3.29M |
|
2027
Argan
AGX
$8.31B
| $8.45M | ﹤0.01% |
31,273
+2,310
| +8% | +$529K |
|
2028
Vanguard Global ex-US Real Estate ETF
VNQI
$3.51B
| $8.43M | ﹤0.01% |
176,652
-75,191
| -30% | -$3.52M |
|
2029
XPO
XPO
$23.1B
| $8.42M | ﹤0.01% |
65,148
-3,589
| -5% | -$466K |
|
|
RMT
2030
Royce Micro-Cap Trust
RMT
$742M
| $8.42M | ﹤0.01% |
809,918
+62,252
| +8% | +$614K |
|
2031
Universal Display
OLED
$3.67B
| $8.41M | ﹤0.01% |
58,563
-42
| -0.1% | -$6.11K |
|
|
MFSV
2032
MFS Active Value ETF
MFSV
$567M
| $8.41M | ﹤0.01% |
+321,630
| New | +$8.23M |
|
2033
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$793M
| $8.41M | ﹤0.01% |
307,093
+10,075
| +3% | +$212K |
|
2034
GoDaddy
GDDY
$11.7B
| $8.39M | ﹤0.01% |
61,343
-17,012
| -22% | -$2.62M |
|
2035
Global X Blockchain ETF
BKCH
$215M
| $8.39M | ﹤0.01% |
97,260
+1,049
| +1% | +$67.6K |
|
2036
NVR
NVR
$16.6B
| $8.38M | ﹤0.01% |
1,043
+166
| +19% | +$1.32M |
|
2037
iShares iBonds Dec 2032 Term Corporate ETF
IBDX
$1.71B
| $8.38M | ﹤0.01% |
326,925
+64,790
| +25% | +$1.64M |
|
2038
Federal Realty Investment Trust
FRT
$10.7B
| $8.37M | ﹤0.01% |
82,632
+7,365
| +10% | +$712K |
|
2039
Invesco S&P International Developed Low Volatility ETF
IDLV
$345M
| $8.37M | ﹤0.01% |
249,861
-286,749
| -53% | -$9.62M |
|
2040
MGM Resorts International
MGM
$11.4B
| $8.35M | ﹤0.01% |
241,052
+9,549
| +4% | +$350K |
|
|
NFJ
2041
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.42B
| $8.34M | ﹤0.01% |
640,750
+35,284
| +6% | +$451K |
|
2042
Invesco Senior Income Trust
VVR
$457M
| $8.32M | ﹤0.01% |
2,403,224
-33,977
| -1% | -$124K |
|
2043
Innovator US Equity Power Buffer ETF June
PJUN
$966M
| $8.31M | ﹤0.01% |
201,929
+5,311
| +3% | +$215K |
|
2044
First Citizens BancShares
FCNCA
$25.3B
| $8.3M | ﹤0.01% |
4,638
+259
| +6% | +$511K |
|
2045
Encompass Health
EHC
$11.2B
| $8.3M | ﹤0.01% |
65,317
+1,889
| +3% | +$225K |
|
2046
State Street SPDR S&P International Dividend ETF
DWX
$527M
| $8.29M | ﹤0.01% |
194,245
+6,792
| +4% | +$289K |
|
2047
FT Vest US Equity Buffer ETF October
FOCT
$1.18B
| $8.29M | ﹤0.01% |
174,512
+23,446
| +16% | +$1.08M |
|
2048
Mettler-Toledo International
MTD
$29.2B
| $8.29M | ﹤0.01% |
6,753
+897
| +15% | +$1.12M |
|
2049
WisdomTree Emerging Markets Multifactor Fund
EMMF
$172M
| $8.29M | ﹤0.01% |
270,880
+60,558
| +29% | +$1.79M |
|
2050
Bentley Systems
BSY
$10.9B
| $8.28M | ﹤0.01% |
160,840
+9,891
| +7% | +$542K |
|
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.