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 | |
|---|---|---|---|---|---|---|
2376
AptarGroup
ATR
$8.66B
| $5.51M | ﹤0.01% |
41,233
-7,653
| -16% | -$1.11M |
|
|
ASG
2377
Liberty All-Star Growth Fund
ASG
$339M
| $5.51M | ﹤0.01% |
992,003
+84,651
| +9% | +$467K |
|
|
FT
2378
Franklin Universal Trust
FT
$199M
| $5.5M | ﹤0.01% |
684,190
-1,208
| -0.2% | -$9.5K |
|
2379
Fidelity Fundamental Large Cap Growth ETF
FFLG
$620M
| $5.48M | ﹤0.01% |
186,005
+16,465
| +10% | +$461K |
|
2380
BlackRock Capital Allocation Term Trust
BCAT
$1.68B
| $5.48M | ﹤0.01% |
370,371
+101,953
| +38% | +$1.53M |
|
2381
Eos Energy Enterprises
EOSE
$1.57B
| $5.47M | ﹤0.01% |
480,652
+410,358
| +584% | +$2.81M |
|
2382
iShares MSCI China Small-Cap ETF
ECNS
$65.6M
| $5.47M | ﹤0.01% |
+138,725
| New | +$5.04M |
|
|
COOP
2383
DELISTED
Mr. Cooper
COOP
| $5.46M | ﹤0.01% |
25,917
+4,789
| +23% | +$882K |
|
|
HOLA
2384
JPMorgan International Hedged Equity Laddered Overlay ETF
HOLA
$286M
| $5.46M | ﹤0.01% |
+105,820
| New | +$5.36M |
|
|
ACP
2385
abrdn Income Credit Strategies Fund
ACP
$635M
| $5.46M | ﹤0.01% |
940,638
+102,709
| +12% | +$609K |
|
2386
Solventum
SOLV
$15.2B
| $5.45M | ﹤0.01% |
74,687
+5,932
| +9% | +$435K |
|
2387
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$341M
| $5.45M | ﹤0.01% |
311,705
+61,119
| +24% | +$1.1M |
|
2388
Griffon
GFF
$4.29B
| $5.44M | ﹤0.01% |
71,450
-15,164
| -18% | -$1.17M |
|
2389
Alaska Air
ALK
$5.86B
| $5.43M | ﹤0.01% |
109,140
-21,571
| -17% | -$1.2M |
|
2390
Otter Tail
OTTR
$3.9B
| $5.42M | ﹤0.01% |
66,150
+2,806
| +4% | +$228K |
|
2391
B2Gold
BTG
$5.18B
| $5.42M | ﹤0.01% |
1,095,398
+40,049
| +4% | +$157K |
|
2392
Global X Variable Rate Preferred ETF
PFFV
$304M
| $5.42M | ﹤0.01% |
234,424
+40,636
| +21% | +$939K |
|
2393
iShares Mortgage Real Estate ETF
REM
$540M
| $5.42M | ﹤0.01% |
246,674
+27,103
| +12% | +$604K |
|
2394
First Trust Dorsey Wright International Focus 5 ETF
IFV
$234M
| $5.42M | ﹤0.01% |
221,355
+20,368
| +10% | +$483K |
|
|
MILN
2395
Global X Millennial Consumer ETF
MILN
$102M
| $5.41M | ﹤0.01% |
109,355
+9,907
| +10% | +$489K |
|
2396
First Horizon
FHN
$12.4B
| $5.41M | ﹤0.01% |
239,186
+28,592
| +14% | +$635K |
|
2397
Murphy USA
MUSA
$10.9B
| $5.4M | ﹤0.01% |
13,914
+500
| +4% | +$198K |
|
2398
AXIS Capital
AXS
$7.57B
| $5.4M | ﹤0.01% |
56,325
-10,425
| -16% | -$1.01M |
|
2399
FTAI Aviation
FTAI
$22.8B
| $5.39M | ﹤0.01% |
32,288
+6,421
| +25% | +$913K |
|
2400
Innovator US Equity Buffer ETF January
BJAN
$347M
| $5.38M | ﹤0.01% |
101,414
+2,040
| +2% | +$105K |
|
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.