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 | |
|---|---|---|---|---|---|---|
|
ELCV
2301
Eventide High Dividend ETF
ELCV
$254M
| $6.57M | ﹤0.01% |
247,641
+56,197
| +29% | +$1.5M |
|
2302
Nuveen ESG International Developed Markets Equity ETF
NUDM
$724M
| $6.56M | ﹤0.01% |
181,171
+17,815
| +11% | +$674K |
|
2303
Avantis Short-Term Fixed Income ETF
AVSF
$653M
| $6.56M | ﹤0.01% |
139,274
-2,208
| -2% | -$104K |
|
2304
Prestige Consumer Healthcare
PBH
$2.51B
| $6.56M | ﹤0.01% |
106,270
+5,223
| +5% | +$320K |
|
|
BSMY
2305
Invesco BulletShares 2034 Municipal Bond ETF
BSMY
$140M
| $6.54M | ﹤0.01% |
265,983
+4,711
| +2% | +$116K |
|
2306
FT Vest Growth-100 Buffer ETF March
QMAR
$579M
| $6.53M | ﹤0.01% |
197,793
-736
| -0.4% | -$23.9K |
|
2307
Everest Group
EG
$14.2B
| $6.52M | ﹤0.01% |
19,203
-922
| -5% | -$304K |
|
2308
Fidelity Quality Factor ETF
FQAL
$1.46B
| $6.51M | ﹤0.01% |
86,130
+7,137
| +9% | +$536K |
|
2309
FT Vest US Equity Moderate Buffer ETF June
GJUN
$535M
| $6.51M | ﹤0.01% |
164,301
+1,260
| +0.8% | +$49.3K |
|
2310
Onto Innovation
ONTO
$14.3B
| $6.51M | ﹤0.01% |
41,214
-3,369
| -8% | -$478K |
|
2311
Teck Resources
TECK
$32.8B
| $6.5M | ﹤0.01% |
135,706
+32,806
| +32% | +$1.42M |
|
2312
FT Vest Growth-100 Buffer ETF December
QDEC
$700M
| $6.5M | ﹤0.01% |
199,688
+30,097
| +18% | +$955K |
|
2313
Cheniere Energy
CQP
$32.6B
| $6.48M | ﹤0.01% |
121,108
-17,669
| -13% | -$938K |
|
2314
Invesco DB Agriculture Fund
DBA
$1.24B
| $6.47M | ﹤0.01% |
253,538
-11,378
| -4% | -$300K |
|
2315
Ryanair
RYAAY
$30.9B
| $6.47M | ﹤0.01% |
89,622
+23,068
| +35% | +$1.5M |
|
2316
Coupang
CPNG
$29.1B
| $6.46M | ﹤0.01% |
273,643
+2,767
| +1% | +$78.7K |
|
2317
iShares iBonds 2029 Term High Yield and Income ETF
IBHI
$498M
| $6.45M | ﹤0.01% |
273,126
+59,845
| +28% | +$1.41M |
|
2318
FlexShares Credit-Scored US Corporate Bond Index Fund
SKOR
$735M
| $6.45M | ﹤0.01% |
131,209
+29,224
| +29% | +$1.44M |
|
2319
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$343M
| $6.43M | ﹤0.01% |
356,669
+44,964
| +14% | +$792K |
|
|
OPPJ
2320
WisdomTree Trust WisdomTree Japan Opportunities Fund
OPPJ
$283M
| $6.43M | ﹤0.01% |
138,664
+109,850
| +381% | +$4.84M |
|
|
DSL
2321
DoubleLine Income Solutions Fund
DSL
$1.23B
| $6.43M | ﹤0.01% |
570,397
-43,373
| -7% | -$501K |
|
2322
Global X Blockchain ETF
BKCH
$197M
| $6.41M | ﹤0.01% |
100,351
+3,091
| +3% | +$271K |
|
2323
NextNav
NN
$2.11B
| $6.41M | ﹤0.01% |
385,123
+122,088
| +46% | +$1.73M |
|
2324
Crane Co
CR
$12.7B
| $6.4M | ﹤0.01% |
34,729
+2,437
| +8% | +$452K |
|
2325
Solventum
SOLV
$14.5B
| $6.4M | ﹤0.01% |
80,774
+6,087
| +8% | +$466K |
|
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.