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 | |
|---|---|---|---|---|---|---|
2376
Yum China
YUMC
$16.2B
| $6.03M | ﹤0.01% |
126,254
+10,398
| +9% | +$476K |
|
2377
Vanguard US Quality Factor ETF
VFQY
$502M
| $6.02M | ﹤0.01% |
39,270
+1,260
| +3% | +$191K |
|
2378
VanEck Biotech ETF
BBH
$428M
| $6.02M | ﹤0.01% |
31,813
+12,351
| +63% | +$2.29M |
|
2379
Repligen
RGEN
$9.39B
| $6.02M | ﹤0.01% |
36,712
+4,683
| +15% | +$733K |
|
2380
State Street SPDR S&P Transportation ETF
XTN
$389M
| $6M | ﹤0.01% |
65,618
+7,469
| +13% | +$649K |
|
2381
Global X SuperIncome Preferred ETF
SPFF
$142M
| $5.99M | ﹤0.01% |
642,722
+7,607
| +1% | +$70.5K |
|
2382
Trinity Capital Inc.
TRIN
$1.73B
| $5.99M | ﹤0.01% |
408,680
-108,736
| -21% | -$1.62M |
|
2383
CareTrust REIT
CTRE
$9.19B
| $5.98M | ﹤0.01% |
165,397
-381
| -0.2% | -$13.7K |
|
2384
Home BancShares
HOMB
$6.23B
| $5.95M | ﹤0.01% |
214,356
+9,460
| +5% | +$262K |
|
2385
State Street SPDR S&P Retail ETF
XRT
$648M
| $5.95M | ﹤0.01% |
69,737
+12,994
| +23% | +$1.09M |
|
2386
PureCycle Technologies
PCT
$1.48B
| $5.93M | ﹤0.01% |
690,055
+198,409
| +40% | +$2.11M |
|
2387
Idacorp
IDA
$8.1B
| $5.92M | ﹤0.01% |
46,800
+856
| +2% | +$111K |
|
2388
Webster Financial
WBS
$12.8B
| $5.91M | ﹤0.01% |
93,945
+3,546
| +4% | +$211K |
|
|
DX
2389
Dynex Capital
DX
$3.2B
| $5.91M | ﹤0.01% |
421,758
+268,901
| +176% | +$3.63M |
|
2390
First Trust Exchange-Traded Fund VI First Trust Dorsey Wright Momentum & Dividend ETF
DDIV
$80.5M
| $5.9M | ﹤0.01% |
142,020
+3,394
| +2% | +$137K |
|
2391
NEOS Enhanced Income Aggregate Bond ETF
BNDI
$187M
| $5.9M | ﹤0.01% |
124,027
+45,023
| +57% | +$2.15M |
|
2392
Opus Small Cap Value ETF
OSCV
$711M
| $5.89M | ﹤0.01% |
159,019
-18,503
| -10% | -$693K |
|
|
RIV
2393
RiverNorth Opportunities Fund
RIV
$317M
| $5.88M | ﹤0.01% |
501,019
-15,111
| -3% | -$176K |
|
2394
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
SIXO
$120M
| $5.87M | ﹤0.01% |
169,095
+1,042
| +0.6% | +$35.7K |
|
2395
AAM S&P 500 High Dividend Value ETF
SPDV
$103M
| $5.86M | ﹤0.01% |
169,104
+7,722
| +5% | +$266K |
|
2396
Descartes Systems
DSGX
$6.82B
| $5.85M | ﹤0.01% |
66,712
-1,224
| -2% | -$109K |
|
2397
iShares Asia/Pacific Dividend ETF
DVYA
$72.1M
| $5.85M | ﹤0.01% |
132,035
+12,631
| +11% | +$550K |
|
2398
Franklin FTSE India ETF
FLIN
$2.68B
| $5.83M | ﹤0.01% |
151,164
-7,740
| -5% | -$299K |
|
2399
First Trust Global Wind Energy ETF
FAN
$280M
| $5.83M | ﹤0.01% |
284,838
+44,814
| +19% | +$901K |
|
2400
Pinnacle West Capital
PNW
$12.1B
| $5.83M | ﹤0.01% |
65,718
-294
| -0.4% | -$26.3K |
|
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.