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 | |
|---|---|---|---|---|---|---|
2401
First Financial Bankshares
FFIN
$5.09B
| $5.38M | ﹤0.01% |
159,767
+59,689
| +60% | +$2.15M |
|
2402
Webster Financial
WBS
$12.6B
| $5.37M | ﹤0.01% |
90,399
+13,721
| +18% | +$818K |
|
|
THQ
2403
abrdn Healthcare Opportunities Fund
THQ
$777M
| $5.37M | ﹤0.01% |
310,712
+16,278
| +6% | +$277K |
|
2404
StoneCo
STNE
$2.73B
| $5.37M | ﹤0.01% |
283,886
+22,971
| +9% | +$365K |
|
|
NIE
2405
Virtus Equity & Convertible Income Fund
NIE
$731M
| $5.35M | ﹤0.01% |
213,050
+22,973
| +12% | +$561K |
|
2406
Regal Rexnord
RRX
$14.6B
| $5.33M | ﹤0.01% |
37,146
+7,444
| +25% | +$1.1M |
|
2407
Viking Holdings
VIK
$48B
| $5.32M | ﹤0.01% |
85,651
+18,982
| +28% | +$1.13M |
|
2408
FT Vest US Equity Buffer ETF August
FAUG
$1.2B
| $5.32M | ﹤0.01% |
102,442
+2,141
| +2% | +$108K |
|
2409
Construction Partners
ROAD
$6.03B
| $5.32M | ﹤0.01% |
41,854
-2,700
| -6% | -$308K |
|
2410
iShares Core 10+ Year USD Bond ETF
ILTB
$596M
| $5.31M | ﹤0.01% |
105,120
-3,365
| -3% | -$166K |
|
|
NTRL
2411
First Trust Equity Market Neutral ETF
NTRL
$16.1M
| $5.3M | ﹤0.01% |
261,256
+38,643
| +17% | +$798K |
|
2412
Quantum Computing Inc
QUBT
$2.08B
| $5.3M | ﹤0.01% |
288,058
-16,905
| -6% | -$290K |
|
2413
Pinduoduo
PDD
$130B
| $5.3M | ﹤0.01% |
40,072
+3,082
| +8% | +$365K |
|
2414
Global X Internet of Things ETF
SNSR
$220M
| $5.29M | ﹤0.01% |
135,636
-1,460
| -1% | -$55.7K |
|
2415
Alphatec Holdings
ATEC
$1.59B
| $5.28M | ﹤0.01% |
363,247
-51,324
| -12% | -$714K |
|
2416
FT Vest US Equity Buffer ETF March
FMAR
$1.15B
| $5.28M | ﹤0.01% |
113,754
+17,464
| +18% | +$797K |
|
2417
FT Vest Growth-100 Buffer ETF December
QDEC
$697M
| $5.28M | ﹤0.01% |
169,591
+14,944
| +10% | +$450K |
|
|
CSW
2418
CSW Industrials
CSW
$5.69B
| $5.28M | ﹤0.01% |
21,732
+1,185
| +6% | +$318K |
|
2419
Integer Holdings
ITGR
$4.25B
| $5.27M | ﹤0.01% |
50,966
-1,396
| -3% | -$152K |
|
|
IMVP
2420
Invesco India ETF
IMVP
$115M
| $5.26M | ﹤0.01% |
209,927
-40,724
| -16% | -$1.05M |
|
2421
StoneX
SNEX
$9.1B
| $5.24M | ﹤0.01% |
116,935
+30,647
| +36% | +$1.3M |
|
2422
PUT
NVIDIA
NVDA
$5.13T
| $5.22M | ﹤0.01% |
28,000
-3,500
| -11% | -$610K |
|
2423
East-West Bancorp
EWBC
$18.3B
| $5.22M | ﹤0.01% |
49,048
-2,283
| -4% | -$240K |
|
2424
Dorman Products
DORM
$4.42B
| $5.22M | ﹤0.01% |
33,481
+7,858
| +31% | +$1.13M |
|
2425
First Trust Lunt US Factor Rotation ETF
FCTR
$56.1M
| $5.22M | ﹤0.01% |
146,916
-3,776
| -3% | -$130K |
|
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.