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 | |
|---|---|---|---|---|---|---|
2101
Federal Realty Investment Trust
FRT
$10.2B
| $8.17M | ﹤0.01% |
81,009
-1,623
| -2% | -$160K |
|
2102
Invesco International Corporate Bond ETF
PICB
$360M
| $8.14M | ﹤0.01% |
341,055
-54,306
| -14% | -$1.29M |
|
2103
Vanguard US Value Factor ETF
VFVA
$933M
| $8.14M | ﹤0.01% |
61,272
+3,922
| +7% | +$506K |
|
2104
American Conservative Values ETF
ACVF
$157M
| $8.12M | ﹤0.01% |
164,393
-2,623
| -2% | -$129K |
|
2105
T. Rowe Price Dividend Growth ETF
TDVG
$1.45B
| $8.11M | ﹤0.01% |
180,252
-649
| -0.4% | -$28.9K |
|
2106
Vanguard Global ex-US Real Estate ETF
VNQI
$3.52B
| $8.1M | ﹤0.01% |
176,615
-37
| -0% | -$1.75K |
|
|
SMA
2107
SmartStop Self Storage REIT
SMA
$1.88B
| $8.09M | ﹤0.01% |
261,492
+240,008
| +1,117% | +$8.12M |
|
2108
iShares New York Muni Bond ETF
NYF
$1.41B
| $8.09M | ﹤0.01% |
151,138
-1,164
| -0.8% | -$62.3K |
|
2109
iShares USD Green Bond ETF
BGRN
$501M
| $8.08M | ﹤0.01% |
168,609
+10,929
| +7% | +$526K |
|
2110
Global X Autonomous & Electric Vehicles ETF
DRIV
$392M
| $8.07M | ﹤0.01% |
272,919
-14,412
| -5% | -$426K |
|
2111
FlexShares STOXX US ESG Select Index Fund
ESG
$137M
| $8.07M | ﹤0.01% |
50,987
+5,423
| +12% | +$846K |
|
2112
Avery Dennison
AVY
$13.5B
| $8.06M | ﹤0.01% |
44,333
+1,989
| +5% | +$344K |
|
2113
NVR
NVR
$16.8B
| $8.04M | ﹤0.01% |
1,102
+59
| +6% | +$441K |
|
2114
First Trust India Nifty 50 Equal Weight ETF
NFTY
$118M
| $8.02M | ﹤0.01% |
137,589
-37,339
| -21% | -$2.18M |
|
2115
Sprott Gold Miners ETF
SGDM
$661M
| $8.02M | ﹤0.01% |
115,141
-5,031
| -4% | -$324K |
|
2116
RLI Corp
RLI
$5.83B
| $8.01M | ﹤0.01% |
125,146
-1,624
| -1% | -$102K |
|
2117
AllianzIM U.S. Equity Buffer20 Dec ETF
DECW
$229M
| $8M | ﹤0.01% |
235,769
+115,283
| +96% | +$3.86M |
|
2118
Acuity Brands
AYI
$10.6B
| $8M | ﹤0.01% |
22,221
+3,052
| +16% | +$1.1M |
|
|
WCC
2119
WESCO International
WCC
$17.9B
| $7.99M | ﹤0.01% |
32,680
+8,170
| +33% | +$2M |
|
2120
Invesco Biotechnology & Genome ETF
PBE
$358M
| $7.99M | ﹤0.01% |
97,304
+4,617
| +5% | +$357K |
|
2121
Invesco
IVZ
$14B
| $7.99M | ﹤0.01% |
304,232
+62,576
| +26% | +$1.53M |
|
2122
BlackRock Income Trust
BKT
$342M
| $7.99M | ﹤0.01% |
723,819
+334,802
| +86% | +$3.72M |
|
|
NNE
2123
Nano Nuclear Energy
NNE
$997M
| $7.98M | ﹤0.01% |
332,285
+5,964
| +2% | +$228K |
|
2124
Inspire Small/Mid Cap Impact ETF
ISMD
$342M
| $7.97M | ﹤0.01% |
206,555
+6,090
| +3% | +$234K |
|
2125
Ball Corp
BALL
$16.6B
| $7.96M | ﹤0.01% |
150,347
-47,964
| -24% | -$2.36M |
|
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.