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 | |
|---|---|---|---|---|---|---|
2426
Installed Building Products
IBP
$6.46B
| $5.66M | ﹤0.01% |
21,834
-2,406
| -10% | -$622K |
|
2427
Cenovus Energy
CVE
$55.1B
| $5.65M | ﹤0.01% |
333,651
+53,557
| +19% | +$930K |
|
2428
WisdomTree Yield Enhanced US Short-Term Aggregate Bond Fund
SHAG
$47.3M
| $5.64M | ﹤0.01% |
117,511
-9,696
| -8% | -$466K |
|
2429
Nutanix
NTNX
$17.4B
| $5.64M | ﹤0.01% |
109,167
-18,704
| -15% | -$1.14M |
|
2430
Zeta Global
ZETA
$7.14B
| $5.64M | ﹤0.01% |
277,143
+52,196
| +23% | +$975K |
|
2431
FT Vest US Equity Buffer ETF March
FMAR
$1.16B
| $5.64M | ﹤0.01% |
118,781
+5,027
| +4% | +$235K |
|
2432
PUT
Amazon
AMZN
$2.94T
| $5.63M | ﹤0.01% |
24,400
+6,700
| +38% | +$1.53M |
|
2433
Flowserve
FLS
$10.2B
| $5.63M | ﹤0.01% |
81,108
+7,683
| +10% | +$494K |
|
2434
Unity
U
$18.9B
| $5.62M | ﹤0.01% |
127,175
+58,454
| +85% | +$2.38M |
|
2435
First Financial Bankshares
FFIN
$4.99B
| $5.6M | ﹤0.01% |
187,515
+27,748
| +17% | +$874K |
|
|
NCV
2436
Virtus Convertible & Income Fund
NCV
$392M
| $5.6M | ﹤0.01% |
369,672
+37,012
| +11% | +$567K |
|
2437
iShares ESG Advanced High Yield Corporate Bond ETF
HYXF
$195M
| $5.58M | ﹤0.01% |
118,175
+61,950
| +110% | +$2.92M |
|
2438
Universal Display
OLED
$4.27B
| $5.58M | ﹤0.01% |
47,819
-10,744
| -18% | -$1.39M |
|
2439
Nextpower Inc
NXT
$15.9B
| $5.57M | ﹤0.01% |
63,962
-4,558
| -7% | -$413K |
|
2440
Takeda Pharmaceutical
TAK
$55.9B
| $5.56M | ﹤0.01% |
356,434
+104,259
| +41% | +$1.49M |
|
2441
Axsome Therapeutics
AXSM
$11.4B
| $5.55M | ﹤0.01% |
30,408
+3,951
| +15% | +$552K |
|
2442
State Street SPDR FactSet Innovative Technology ETF
XITK
$70.9M
| $5.55M | ﹤0.01% |
31,121
+1,516
| +5% | +$276K |
|
2443
VanEck Social Sentiment ETF
BUZZ
$98.5M
| $5.55M | ﹤0.01% |
170,725
-32,474
| -16% | -$1.14M |
|
2444
International Flavors & Fragrances
IFF
$21.7B
| $5.54M | ﹤0.01% |
82,274
+1,825
| +2% | +$118K |
|
2445
WisdomTree US AI Enhanced Value Fund
AIVL
$434M
| $5.54M | ﹤0.01% |
48,178
+7,237
| +18% | +$825K |
|
2446
iShares Global Consumer Staples ETF
KXI
$1.06B
| $5.53M | ﹤0.01% |
85,599
-245,730
| -74% | -$15.9M |
|
2447
iShares Interest Rate Hedged Long-Term Corporate Bond ETF
IGBH
$226M
| $5.52M | ﹤0.01% |
224,126
+88,737
| +66% | +$2.18M |
|
|
LEAD
2448
DELISTED
Siren DIVCON Leaders Dividend ETF
LEAD
| $5.51M | ﹤0.01% |
72,284
-55,415
| -43% | -$4.24M |
|
2449
FT Vest US Equity Buffer ETF February
FFEB
$1.41B
| $5.51M | ﹤0.01% |
97,291
+7,740
| +9% | +$431K |
|
2450
PUT
The Mosaic Company
MOS
$7.44B
| $5.51M | ﹤0.01% |
+228,600
| New | +$6.16M |
|
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.