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 | |
|---|---|---|---|---|---|---|
2201
Advanced Drainage Systems
WMS
$11.3B
| $7.02M | ﹤0.01% |
50,595
+2,681
| +6% | +$352K |
|
2202
Norwegian Cruise Line
NCLH
$9.23B
| $6.99M | ﹤0.01% |
283,801
-9,986
| -3% | -$243K |
|
2203
FT Vest US Equity Moderate Buffer ETF May
GMAY
$537M
| $6.98M | ﹤0.01% |
172,534
+5,712
| +3% | +$227K |
|
2204
BlackRock Resources & Commodities Strategy Trust
BCX
$910M
| $6.98M | ﹤0.01% |
686,534
+42,555
| +7% | +$418K |
|
2205
Post Holdings
POST
$4.01B
| $6.96M | ﹤0.01% |
64,764
-35,766
| -36% | -$3.84M |
|
|
PCN
2206
PIMCO Corporate & Income Strategy Fund
PCN
$875M
| $6.94M | ﹤0.01% |
519,010
+15,586
| +3% | +$201K |
|
2207
PUT
Costco
COST
$417B
| $6.94M | ﹤0.01% |
7,500
+6,900
| +1,150% | +$6.61M |
|
2208
Align Technology
ALGN
$12.4B
| $6.94M | ﹤0.01% |
55,419
+19,429
| +54% | +$3.04M |
|
2209
AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF
SIXJ
$148M
| $6.93M | ﹤0.01% |
207,736
+175,632
| +547% | +$5.74M |
|
2210
Genpact
G
$5.91B
| $6.91M | ﹤0.01% |
165,013
+41,448
| +34% | +$1.82M |
|
2211
Park Hotels & Resorts
PK
$3.05B
| $6.91M | ﹤0.01% |
623,714
+15,548
| +3% | +$175K |
|
2212
Entegris
ENTG
$20.8B
| $6.87M | ﹤0.01% |
74,344
+8,785
| +13% | +$747K |
|
2213
Avery Dennison
AVY
$13.1B
| $6.87M | ﹤0.01% |
42,344
-794
| -2% | -$137K |
|
2214
Inspire Global Hope ETF
BLES
$163M
| $6.85M | ﹤0.01% |
161,338
+15,357
| +11% | +$640K |
|
2215
iShares MSCI USA Small-Cap Min Vol Factor ETF
SMMV
$290M
| $6.83M | ﹤0.01% |
158,728
-5,129
| -3% | -$218K |
|
2216
Opus Small Cap Value ETF
OSCV
$709M
| $6.79M | ﹤0.01% |
177,522
+12,546
| +8% | +$470K |
|
2217
Avantis US Mid Cap Equity ETF
AVMC
$476M
| $6.78M | ﹤0.01% |
97,443
+1,669
| +2% | +$114K |
|
2218
Coca-Cola Consolidated
COKE
$11.8B
| $6.77M | ﹤0.01% |
57,799
-1,734
| -3% | -$201K |
|
|
HGLB
2219
Highland Global Allocation Fund
HGLB
$177M
| $6.77M | ﹤0.01% |
744,646
+1,296
| +0.2% | +$11.1K |
|
2220
Owens Corning
OC
$11.6B
| $6.77M | ﹤0.01% |
47,831
+2,979
| +7% | +$437K |
|
2221
Schwab 1000 Index ETF
SCHK
$5.83B
| $6.76M | ﹤0.01% |
210,418
+57,135
| +37% | +$1.77M |
|
2222
Conagra Brands
CAG
$7.11B
| $6.74M | ﹤0.01% |
368,122
-94,265
| -20% | -$1.81M |
|
2223
VictoryShares Dividend Accelerator ETF
VSDA
$248M
| $6.7M | ﹤0.01% |
125,218
-3,819
| -3% | -$204K |
|
2224
Avantis Short-Term Fixed Income ETF
AVSF
$654M
| $6.68M | ﹤0.01% |
141,482
-3,461
| -2% | -$163K |
|
2225
CALL
Amazon
AMZN
$2.99T
| $6.67M | ﹤0.01% |
30,400
+27,900
| +1,116% | +$6.32M |
|
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.