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 | |
|---|---|---|---|---|---|---|
2326
iShares MSCI Israel ETF
EIS
$891M
| $6.4M | ﹤0.01% |
58,132
+31,202
| +116% | +$3.26M |
|
2327
iShares ESG Advanced MSCI EAFE ETF
DMXF
$967M
| $6.39M | ﹤0.01% |
85,031
+24,867
| +41% | +$1.9M |
|
2328
GoDaddy
GDDY
$11.7B
| $6.38M | ﹤0.01% |
51,417
-9,926
| -16% | -$1.28M |
|
2329
FT Vest US Equity Deep Buffer ETF August
DAUG
$374M
| $6.37M | ﹤0.01% |
143,734
-5,864
| -4% | -$257K |
|
|
DFSU
2330
Dimensional US Sustainability Core 1 ETF
DFSU
$2.37B
| $6.37M | ﹤0.01% |
146,699
+29,316
| +25% | +$1.26M |
|
2331
PGIM Short Duration High Yield ETF
PSH
$177M
| $6.37M | ﹤0.01% |
126,483
+42,035
| +50% | +$2.12M |
|
|
THQ
2332
abrdn Healthcare Opportunities Fund
THQ
$807M
| $6.36M | ﹤0.01% |
332,325
+21,613
| +7% | +$397K |
|
|
WIW
2333
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$511M
| $6.34M | ﹤0.01% |
738,455
+9,963
| +1% | +$87.6K |
|
|
BLD
2334
DELISTED
TopBuild
BLD
| $6.34M | ﹤0.01% |
15,197
-550
| -3% | -$236K |
|
2335
Alphatec Holdings
ATEC
$1.47B
| $6.34M | ﹤0.01% |
301,256
-61,991
| -17% | -$1.15M |
|
2336
Viking Therapeutics
VKTX
$4.01B
| $6.33M | ﹤0.01% |
179,856
-16,651
| -8% | -$590K |
|
2337
Entegris
ENTG
$23.1B
| $6.32M | ﹤0.01% |
75,044
+700
| +0.9% | +$60.8K |
|
2338
Hecla Mining
HL
$11.8B
| $6.32M | ﹤0.01% |
329,328
-15,592
| -5% | -$238K |
|
|
SILA
2339
DELISTED
Sila Realty Trust
SILA
| $6.32M | ﹤0.01% |
271,063
-56,395
| -17% | -$1.33M |
|
2340
FT Vest US Equity Deep Buffer ETF November
DNOV
$401M
| $6.31M | ﹤0.01% |
129,223
+32,010
| +33% | +$1.53M |
|
2341
iShares Global Financials ETF
IXG
$697M
| $6.3M | ﹤0.01% |
52,123
+17,737
| +52% | +$2.07M |
|
2342
Invesco BulletShares 2029 Municipal Bond ETF
BSMT
$283M
| $6.29M | ﹤0.01% |
271,820
+23,866
| +10% | +$551K |
|
2343
VanEck Energy Income ETF
EINC
$78.9M
| $6.27M | ﹤0.01% |
65,130
+5,758
| +10% | +$551K |
|
2344
OSI Systems
OSIS
$3.86B
| $6.27M | ﹤0.01% |
24,578
+1,762
| +8% | +$460K |
|
2345
Manhattan Associates
MANH
$11.6B
| $6.27M | ﹤0.01% |
36,165
-993
| -3% | -$182K |
|
2346
Archer Aviation
ACHR
$5.18B
| $6.26M | ﹤0.01% |
832,080
+177,969
| +27% | +$1.67M |
|
2347
Global X Gold Explorers ETF NEW
GOEX
$128M
| $6.25M | ﹤0.01% |
77,606
-11,185
| -13% | -$820K |
|
2348
HF Sinclair
DINO
$15.4B
| $6.25M | ﹤0.01% |
135,679
-5,047
| -4% | -$260K |
|
2349
Park Hotels & Resorts
PK
$2.91B
| $6.25M | ﹤0.01% |
597,331
-26,383
| -4% | -$283K |
|
2350
Fidelity Fundamental Large Cap Growth ETF
FFLG
$618M
| $6.24M | ﹤0.01% |
208,504
+22,499
| +12% | +$669K |
|
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.