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 | |
|---|---|---|---|---|---|---|
|
CADE
2351
DELISTED
Cadence Bank
CADE
| $6.24M | ﹤0.01% |
145,659
-10,122
| -6% | -$401K |
|
|
PHEQ
2352
Parametric Hedged Equity ETF
PHEQ
$144M
| $6.23M | ﹤0.01% |
191,365
+98,154
| +105% | +$3.17M |
|
2353
Viasat
VSAT
$11.6B
| $6.23M | ﹤0.01% |
180,828
+20,774
| +13% | +$733K |
|
2354
Invesco Pharmaceuticals ETF
PJP
$499M
| $6.21M | ﹤0.01% |
59,366
+3,156
| +6% | +$318K |
|
|
SW
2355
Smurfit Westrock
SW
$25.5B
| $6.21M | ﹤0.01% |
160,471
-6,295
| -4% | -$240K |
|
2356
VanEck Emerging Markets High Yield Bond ETF
HYEM
$527M
| $6.2M | ﹤0.01% |
311,839
+29,080
| +10% | +$580K |
|
2357
RenaissanceRe
RNR
$13.2B
| $6.2M | ﹤0.01% |
22,034
+15,229
| +224% | +$4.01M |
|
|
JBTM
2358
JBT Marel
JBTM
$6.37B
| $6.18M | ﹤0.01% |
41,039
+566
| +1% | +$79.8K |
|
|
CSW
2359
CSW Industrials
CSW
$5.73B
| $6.18M | ﹤0.01% |
21,060
-672
| -3% | -$179K |
|
|
EXAS
2360
DELISTED
Exact Sciences
EXAS
| $6.17M | ﹤0.01% |
60,735
-14,990
| -20% | -$1.2M |
|
|
RIFR
2361
Russell Investments Global Infrastructure ETF
RIFR
$42.7M
| $6.17M | ﹤0.01% |
239,139
+19,808
| +9% | +$516K |
|
2362
Northwest Bancshares
NWBI
$2.28B
| $6.16M | ﹤0.01% |
513,039
+7,880
| +2% | +$95.9K |
|
2363
Cars.com
CARS
$639M
| $6.13M | ﹤0.01% |
502,683
+26,318
| +6% | +$306K |
|
2364
First Trust RiverFront Dynamic Emerging Markets ETF
RFEM
$81.3M
| $6.12M | ﹤0.01% |
77,302
+24,618
| +47% | +$1.92M |
|
2365
Group 1 Automotive
GPI
$3.2B
| $6.12M | ﹤0.01% |
15,551
+1,529
| +11% | +$628K |
|
|
FIG
2366
Figma
FIG
$13.6B
| $6.11M | ﹤0.01% |
163,514
+99,928
| +157% | +$4.52M |
|
2367
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
BCD
$414M
| $6.11M | ﹤0.01% |
197,240
+15,178
| +8% | +$537K |
|
|
NTRL
2368
First Trust Equity Market Neutral ETF
NTRL
$16.1M
| $6.1M | ﹤0.01% |
295,464
+34,208
| +13% | +$702K |
|
2369
Federated Hermes
FHI
$4.75B
| $6.09M | ﹤0.01% |
116,891
-1,788
| -2% | -$90.8K |
|
|
AIRO
2370
AIRO Group Holdings
AIRO
$270M
| $6.08M | ﹤0.01% |
+743,669
| New | +$9.59M |
|
2371
Burlington
BURL
$23.1B
| $6.08M | ﹤0.01% |
21,049
+1,464
| +7% | +$397K |
|
2372
Independence Realty Trust
IRT
$3.94B
| $6.06M | ﹤0.01% |
346,625
-18,768
| -5% | -$311K |
|
2373
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
TLTD
$688M
| $6.06M | ﹤0.01% |
65,339
+54,150
| +484% | +$4.88M |
|
2374
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
$518M
| $6.05M | ﹤0.01% |
119,804
+613
| +0.5% | +$30.5K |
|
2375
Badger Meter
BMI
$3.95B
| $6.03M | ﹤0.01% |
34,573
+876
| +3% | +$158K |
|
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.