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 | |
|---|---|---|---|---|---|---|
|
CHI
2126
Calamos Convertible Opportunities and Income Fund
CHI
$1.03B
| $7.62M | ﹤0.01% |
706,221
+146,813
| +26% | +$1.54M |
|
2127
Manhattan Associates
MANH
$10.9B
| $7.62M | ﹤0.01% |
37,158
-184
| -0.5% | -$38.9K |
|
2128
iShares iBonds Dec 2029 Term Treasury ETF
IBTJ
$1.34B
| $7.59M | ﹤0.01% |
345,918
+8,638
| +3% | +$189K |
|
2129
Kyndryl
KD
$3.07B
| $7.59M | ﹤0.01% |
252,780
+92,641
| +58% | +$3.18M |
|
2130
iShares USD Green Bond ETF
BGRN
$501M
| $7.59M | ﹤0.01% |
157,680
+16,188
| +11% | +$773K |
|
2131
Textron
TXT
$14.9B
| $7.56M | ﹤0.01% |
89,518
+3,414
| +4% | +$278K |
|
2132
Cambria Tail Risk ETF
TAIL
$146M
| $7.56M | ﹤0.01% |
638,975
+543,610
| +570% | +$6.45M |
|
|
CHW
2133
Calamos Global Dynamic Income Fund
CHW
$533M
| $7.55M | ﹤0.01% |
1,001,612
+16,766
| +2% | +$122K |
|
2134
JB Hunt Transport Services
JBHT
$25.1B
| $7.54M | ﹤0.01% |
56,189
-1,271
| -2% | -$183K |
|
|
DSL
2135
DoubleLine Income Solutions Fund
DSL
$1.22B
| $7.54M | ﹤0.01% |
613,770
+50,217
| +9% | +$616K |
|
2136
US Foods
USFD
$21.9B
| $7.53M | ﹤0.01% |
98,236
-3,340
| -3% | -$266K |
|
|
EMBJ
2137
Embraer S.A. ADS
EMBJ
$12.6B
| $7.53M | ﹤0.01% |
124,509
+33,587
| +37% | +$1.9M |
|
2138
FT Vest US Equity Deep Buffer ETF April
DAPR
$311M
| $7.52M | ﹤0.01% |
194,714
+111,974
| +135% | +$4.27M |
|
2139
Reliance Steel & Aluminium
RS
$20.9B
| $7.49M | ﹤0.01% |
26,686
+1,664
| +7% | +$499K |
|
2140
Joby Aviation
JOBY
$7.26B
| $7.49M | ﹤0.01% |
464,154
+81,332
| +21% | +$1.24M |
|
|
FBCG
2141
Fidelity Blue Chip Growth ETF
FBCG
$7.06B
| $7.49M | ﹤0.01% |
139,553
+36,799
| +36% | +$1.87M |
|
2142
Evercore
EVR
$12.3B
| $7.49M | ﹤0.01% |
22,193
+12,400
| +127% | +$3.89M |
|
|
HQH
2143
abrdn Healthcare Investors
HQH
$1.27B
| $7.48M | ﹤0.01% |
405,400
+12,333
| +3% | +$201K |
|
2144
Cheniere Energy
CQP
$32.4B
| $7.47M | ﹤0.01% |
138,777
+5,273
| +4% | +$286K |
|
2145
iShares Russell Top 200 Value ETF
IWX
$4.02B
| $7.46M | ﹤0.01% |
84,914
+5,400
| +7% | +$463K |
|
2146
Saia
SAIA
$9.61B
| $7.46M | ﹤0.01% |
24,905
+1,450
| +6% | +$437K |
|
2147
Cullen/Frost Bankers
CFR
$10.5B
| $7.45M | ﹤0.01% |
58,788
-4,294
| -7% | -$558K |
|
2148
Sprott Gold Miners ETF
SGDM
$558M
| $7.45M | ﹤0.01% |
120,172
+26,085
| +28% | +$1.33M |
|
2149
Schwab US REIT ETF
SCHH
$11.5B
| $7.45M | ﹤0.01% |
345,396
+65,620
| +23% | +$1.4M |
|
2150
American Century Multisector Income ETF
MUSI
$244M
| $7.45M | ﹤0.01% |
167,659
+36,913
| +28% | +$1.63M |
|
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.