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 | |
|---|---|---|---|---|---|---|
2251
Doximity
DOCS
$3.96B
| $6.46M | ﹤0.01% |
88,327
+865
| +1% | +$56.4K |
|
2252
Brookfield Infrastructure Partners
BIP
$18.4B
| $6.46M | ﹤0.01% |
196,345
+6,203
| +3% | +$195K |
|
2253
Ubiquiti
UI
$34.1B
| $6.45M | ﹤0.01% |
9,770
+4,586
| +88% | +$2.29M |
|
|
WCBR
2254
WisdomTree Cybersecurity Fund
WCBR
$114M
| $6.41M | ﹤0.01% |
204,425
+88,897
| +77% | +$2.74M |
|
2255
Commerce Bancshares
CBSH
$8.65B
| $6.41M | ﹤0.01% |
112,606
-4,031
| -3% | -$237K |
|
2256
Inspire International ETF
WWJD
$567M
| $6.41M | ﹤0.01% |
181,629
+54,323
| +43% | +$1.89M |
|
2257
Descartes Systems
DSGX
$6.55B
| $6.4M | ﹤0.01% |
67,936
+44,838
| +194% | +$4.58M |
|
2258
Advanced Energy
AEIS
$13.6B
| $6.4M | ﹤0.01% |
37,614
+3,470
| +10% | +$522K |
|
2259
FT Vest Growth-100 Buffer ETF March
QMAR
$574M
| $6.39M | ﹤0.01% |
198,529
+18,278
| +10% | +$577K |
|
2260
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
| $6.39M | ﹤0.01% |
602,936
+132,285
| +28% | +$1.35M |
|
2261
Estee Lauder
EL
$30.7B
| $6.38M | ﹤0.01% |
72,354
+3,366
| +5% | +$300K |
|
|
BSMY
2262
Invesco BulletShares 2034 Municipal Bond ETF
BSMY
$140M
| $6.36M | ﹤0.01% |
261,272
+32,837
| +14% | +$782K |
|
2263
Ericsson
ERIC
$33.8B
| $6.34M | ﹤0.01% |
766,683
-8,690
| -1% | -$68K |
|
2264
FT Vest US Equity Moderate Buffer ETF June
GJUN
$529M
| $6.34M | ﹤0.01% |
163,041
+9,977
| +7% | +$381K |
|
2265
BigBear.ai
BBAI
$1.48B
| $6.32M | ﹤0.01% |
968,994
+650,667
| +204% | +$4.16M |
|
2266
Comstock Resources
CRK
$3.83B
| $6.32M | ﹤0.01% |
318,575
+123,272
| +63% | +$2.28M |
|
2267
Avantis All Equity Markets ETF
AVGE
$1.13B
| $6.31M | ﹤0.01% |
75,676
-1,958
| -3% | -$158K |
|
2268
Prestige Consumer Healthcare
PBH
$2.46B
| $6.31M | ﹤0.01% |
101,047
+9,287
| +10% | +$646K |
|
2269
iShares Bloomberg Roll Select Commodity Strategy ETF
CMDY
$549M
| $6.3M | ﹤0.01% |
119,766
+15,917
| +15% | +$815K |
|
2270
Grupo Aeroportuario del Sureste
ASR
$8.27B
| $6.3M | ﹤0.01% |
+19,475
| New | +$6.27M |
|
2271
Sibanye-Stillwater
SBSW
$6.81B
| $6.29M | ﹤0.01% |
560,011
+63,925
| +13% | +$558K |
|
2272
Gentex
GNTX
$5.05B
| $6.28M | ﹤0.01% |
221,813
+12,639
| +6% | +$336K |
|
2273
Archer Aviation
ACHR
$3.94B
| $6.27M | ﹤0.01% |
654,111
+168,215
| +35% | +$1.66M |
|
2274
Northwest Bancshares
NWBI
$2.35B
| $6.26M | ﹤0.01% |
505,159
+197,674
| +64% | +$2.49M |
|
|
EMEQ
2275
Nomura Focused Emerging Markets Equity ETF
EMEQ
$600M
| $6.26M | ﹤0.01% |
176,092
+1,138
| +0.7% | +$36.4K |
|
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.