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 | |
|---|---|---|---|---|---|---|
|
JHG
2301
DELISTED
Janus Henderson
JHG
| $6.04M | ﹤0.01% |
135,683
+45,828
| +51% | +$1.98M |
|
|
QDVO
2302
Amplify CWP Growth & Income ETF
QDVO
$746M
| $6.03M | ﹤0.01% |
207,742
+137,317
| +195% | +$3.91M |
|
2303
Global X Gold Explorers ETF NEW
GOEX
$111M
| $6.03M | ﹤0.01% |
88,791
+30,329
| +52% | +$1.59M |
|
2304
Badger Meter
BMI
$4.01B
| $6.02M | ﹤0.01% |
33,697
-7,786
| -19% | -$1.53M |
|
2305
JPMorgan Realty Income ETF
JPRE
$486M
| $6M | ﹤0.01% |
125,089
+3,620
| +3% | +$173K |
|
2306
Independence Realty Trust
IRT
$3.95B
| $5.99M | ﹤0.01% |
365,393
+6,900
| +2% | +$120K |
|
2307
BNY Mellon High Yield Beta ETF
BKHY
$161M
| $5.99M | ﹤0.01% |
122,922
+18,610
| +18% | +$899K |
|
2308
Barclays
BCS
$95B
| $5.98M | ﹤0.01% |
289,375
+55,746
| +24% | +$1.1M |
|
2309
Installed Building Products
IBP
$6.41B
| $5.98M | ﹤0.01% |
24,240
-2,056
| -8% | -$488K |
|
2310
Invesco Global ex-US High Yield Corporate Bond ETF
PGHY
$226M
| $5.98M | ﹤0.01% |
299,115
-183,006
| -38% | -$3.66M |
|
|
PSKY
2311
Paramount Skydance Corp
PSKY
$9.43B
| $5.97M | ﹤0.01% |
+315,761
| New | +$4.99M |
|
2312
Corcept Therapeutics
CORT
$12B
| $5.96M | ﹤0.01% |
71,729
+2,086
| +3% | +$151K |
|
2313
Goldman Sachs Small Cap Equity ETF
GSC
$301M
| $5.96M | ﹤0.01% |
111,880
+9,469
| +9% | +$495K |
|
|
GUT
2314
Gabelli Utility Trust
GUT
$576M
| $5.96M | ﹤0.01% |
981,217
+42,922
| +5% | +$258K |
|
2315
Crane Co
CR
$12.9B
| $5.95M | ﹤0.01% |
32,292
+2,726
| +9% | +$514K |
|
2316
Uranium Energy
UEC
$5.35B
| $5.95M | ﹤0.01% |
445,698
+121,411
| +37% | +$1.21M |
|
2317
Brandes International ETF
BINV
$533M
| $5.93M | ﹤0.01% |
+154,461
| New | +$5.72M |
|
2318
Franklin FTSE India ETF
FLIN
$2.7B
| $5.93M | ﹤0.01% |
158,904
-11,922
| -7% | -$457K |
|
2319
Pinnacle West Capital
PNW
$12.3B
| $5.92M | ﹤0.01% |
66,012
+5,433
| +9% | +$489K |
|
2320
Invesco Next Gen Media and Gaming ETF
GGME
$45.6M
| $5.91M | ﹤0.01% |
91,789
+11,291
| +14% | +$707K |
|
2321
Healthcare Realty
HR
$7B
| $5.9M | ﹤0.01% |
327,468
+1,877
| +0.6% | +$31.7K |
|
2322
Fidelity Quality Factor ETF
FQAL
$1.45B
| $5.9M | ﹤0.01% |
78,993
+4,601
| +6% | +$332K |
|
2323
CDW
CDW
$19.2B
| $5.9M | ﹤0.01% |
37,026
-7,402
| -17% | -$1.26M |
|
2324
Dimensional International Small Cap ETF
DFIS
$5.88B
| $5.9M | ﹤0.01% |
186,381
+28,155
| +18% | +$865K |
|
2325
VanEck Energy Income ETF
EINC
$81.8M
| $5.89M | ﹤0.01% |
59,372
-40,516
| -41% | -$3.91M |
|
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.