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 | |
|---|---|---|---|---|---|---|
|
SNDK
2126
Sandisk
SNDK
$181B
| $7.95M | ﹤0.01% |
33,492
+8,441
| +34% | +$1.69M |
|
2127
Cullen/Frost Bankers
CFR
$10.3B
| $7.94M | ﹤0.01% |
62,734
+3,946
| +7% | +$495K |
|
2128
CNX Resources
CNX
$5.32B
| $7.93M | ﹤0.01% |
215,644
+133,807
| +164% | +$4.79M |
|
|
HGLB
2129
Highland Global Allocation Fund
HGLB
$177M
| $7.91M | ﹤0.01% |
866,872
+122,226
| +16% | +$1.19M |
|
2130
BlackRock Resources & Commodities Strategy Trust
BCX
$962M
| $7.91M | ﹤0.01% |
720,706
+34,172
| +5% | +$351K |
|
2131
CoStar Group
CSGP
$12.8B
| $7.9M | ﹤0.01% |
117,448
-31,742
| -21% | -$2.25M |
|
2132
Evercore
EVR
$11.5B
| $7.89M | ﹤0.01% |
23,187
+994
| +4% | +$319K |
|
2133
Ero Copper
ERO
$3.81B
| $7.87M | ﹤0.01% |
278,267
+151,431
| +119% | +$3.53M |
|
2134
AdvisorShares Ranger Equity Bear ETF
HDGE
$53.1M
| $7.87M | ﹤0.01% |
491,365
+55,093
| +13% | +$916K |
|
2135
Trimble
TRMB
$13.6B
| $7.87M | ﹤0.01% |
100,434
-5,188
| -5% | -$413K |
|
|
ACV
2136
Virtus Diversified Income & Convertible Fund
ACV
$285M
| $7.86M | ﹤0.01% |
298,852
+4,349
| +1% | +$111K |
|
2137
Hartford Large Cap Growth ETF
HFGO
$207M
| $7.85M | ﹤0.01% |
287,634
+148,308
| +106% | +$4.07M |
|
2138
GraniteShares Platinum Shares
PLTM
$190M
| $7.85M | ﹤0.01% |
397,727
+103,304
| +35% | +$1.68M |
|
2139
First Trust Dividend Strength ETF
FTDS
$39.5M
| $7.83M | ﹤0.01% |
138,676
+7,495
| +6% | +$416K |
|
2140
Whirlpool
WHR
$2.75B
| $7.82M | ﹤0.01% |
108,455
-6,009
| -5% | -$444K |
|
2141
Ally Financial
ALLY
$13.3B
| $7.81M | ﹤0.01% |
172,397
+17,892
| +12% | +$737K |
|
2142
RELX
RELX
$62.1B
| $7.8M | ﹤0.01% |
193,071
-16,034
| -8% | -$684K |
|
2143
Kinsale Capital Group
KNSL
$8.4B
| $7.8M | ﹤0.01% |
19,943
-5,584
| -22% | -$2.28M |
|
2144
iShares MSCI India Small-Cap ETF
SMIN
$772M
| $7.8M | ﹤0.01% |
111,502
-16,654
| -13% | -$1.2M |
|
|
BTC
2145
Grayscale Bitcoin Mini Trust ETF
BTC
$3.39B
| $7.79M | ﹤0.01% |
201,221
+9,644
| +5% | +$427K |
|
2146
Hartford Multifactor Small Cap ETF
ROSC
$62M
| $7.79M | ﹤0.01% |
165,760
+19,093
| +13% | +$876K |
|
2147
FT Vest US Equity Deep Buffer ETF December
DDEC
$435M
| $7.79M | ﹤0.01% |
172,734
+95,627
| +124% | +$4.24M |
|
2148
Comstock Resources
CRK
$4.22B
| $7.78M | ﹤0.01% |
335,833
+17,258
| +5% | +$380K |
|
2149
SSR Mining
SSRM
$6.4B
| $7.77M | ﹤0.01% |
354,681
+27,445
| +8% | +$611K |
|
2150
Toast
TOST
$20.6B
| $7.77M | ﹤0.01% |
218,936
-31,195
| -12% | -$1.12M |
|
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.