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 | |
|---|---|---|---|---|---|---|
2201
e.l.f. Beauty
ELF
$5.62B
| $7.37M | ﹤0.01% |
96,881
-28,191
| -23% | -$2.77M |
|
2202
First Trust Mid Cap Value AlphaDEX Fund
FNK
$231M
| $7.37M | ﹤0.01% |
132,357
+1,210
| +0.9% | +$66.2K |
|
2203
iShares S&P India Nifty 50 Index Fund
INDY
$565M
| $7.36M | ﹤0.01% |
149,395
-5,201
| -3% | -$271K |
|
2204
Lumen
LUMN
$6.85B
| $7.36M | ﹤0.01% |
946,940
+513,344
| +118% | +$4.23M |
|
2205
Alger 35 ETF
ATFV
$237M
| $7.36M | ﹤0.01% |
210,981
+77,813
| +58% | +$2.73M |
|
2206
Saia
SAIA
$9.49B
| $7.34M | ﹤0.01% |
22,467
-2,438
| -10% | -$737K |
|
2207
JPMorgan High Yield Municipal ETF
JMHI
$293M
| $7.33M | ﹤0.01% |
145,969
+23,443
| +19% | +$1.18M |
|
|
PCN
2208
PIMCO Corporate & Income Strategy Fund
PCN
$889M
| $7.31M | ﹤0.01% |
573,104
+54,094
| +10% | +$695K |
|
|
STEW
2209
SRH Total Return Fund
STEW
$1.82B
| $7.3M | ﹤0.01% |
393,713
+120,366
| +44% | +$2.16M |
|
2210
Ericsson
ERIC
$32.7B
| $7.29M | ﹤0.01% |
755,099
-11,584
| -2% | -$110K |
|
2211
BNY Mellon Core Bond ETF
BKAG
$2.23B
| $7.29M | ﹤0.01% |
171,893
-383
| -0.2% | -$16.3K |
|
|
ETW
2212
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
ETW
$1.06B
| $7.28M | ﹤0.01% |
789,358
+64,060
| +9% | +$582K |
|
2213
Performance Food Group
PFGC
$17.9B
| $7.28M | ﹤0.01% |
80,933
-1,000
| -1% | -$96.6K |
|
2214
Encompass Health
EHC
$12.4B
| $7.27M | ﹤0.01% |
68,476
+3,159
| +5% | +$366K |
|
2215
Schwab US REIT ETF
SCHH
$11.2B
| $7.26M | ﹤0.01% |
347,746
+2,350
| +0.7% | +$49.8K |
|
2216
Lyft
LYFT
$6.53B
| $7.26M | ﹤0.01% |
374,561
+157,429
| +73% | +$3.27M |
|
2217
AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF
SIXJ
$149M
| $7.25M | ﹤0.01% |
211,546
+3,810
| +2% | +$128K |
|
2218
Invesco Quality Municipal Securities
IQI
$533M
| $7.24M | ﹤0.01% |
727,096
+4,437
| +0.6% | +$44.3K |
|
|
RMOP
2219
Rockefeller Opportunistic Municipal Bond ETF
RMOP
$445M
| $7.24M | ﹤0.01% |
289,231
+67,969
| +31% | +$1.71M |
|
2220
Inspire Global Hope ETF
BLES
$164M
| $7.24M | ﹤0.01% |
167,540
+6,202
| +4% | +$266K |
|
2221
Nuveen ESG Emerging Markets Equity ETF
NUEM
$393M
| $7.22M | ﹤0.01% |
202,867
+106,337
| +110% | +$3.87M |
|
2222
FT Vest US Equity Deep Buffer ETF April
DAPR
$315M
| $7.21M | ﹤0.01% |
183,348
-11,366
| -6% | -$442K |
|
2223
PUT
Microsoft
MSFT
$3.76T
| $7.21M | ﹤0.01% |
14,900
+100
| +0.7% | +$50.1K |
|
2224
Brookfield Infrastructure Partners
BIP
$17.5B
| $7.2M | ﹤0.01% |
207,294
+10,949
| +6% | +$381K |
|
2225
JD.com
JD
$45.2B
| $7.19M | ﹤0.01% |
250,687
+2,942
| +1% | +$92K |
|
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.