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 | |
|---|---|---|---|---|---|---|
2451
Renaissance IPO ETF
IPO
$159M
| $5.49M | ﹤0.01% |
120,359
-39,980
| -25% | -$1.89M |
|
2452
Petrobras
PBR
$116B
| $5.48M | ﹤0.01% |
462,738
+115,361
| +33% | +$1.41M |
|
2453
PIMCO Commodity Strategy Active Exchange-Traded Fund
CMDT
$819M
| $5.48M | ﹤0.01% |
198,662
+111,477
| +128% | +$3.08M |
|
2454
Charles River Laboratories
CRL
$13.4B
| $5.48M | ﹤0.01% |
27,468
+629
| +2% | +$114K |
|
2455
Uranium Energy
UEC
$5.66B
| $5.48M | ﹤0.01% |
468,867
+23,169
| +5% | +$304K |
|
2456
Granite Construction
GVA
$5.46B
| $5.47M | ﹤0.01% |
47,461
+624
| +1% | +$67K |
|
2457
GFL Environmental
GFL
$14.9B
| $5.47M | ﹤0.01% |
127,264
+29,017
| +30% | +$1.3M |
|
2458
Invesco BulletShares 2031 High Yield Corporate Bond ETF
BSJV
$109M
| $5.46M | ﹤0.01% |
204,331
-28,407
| -12% | -$755K |
|
2459
Agree Realty
ADC
$9.21B
| $5.45M | ﹤0.01% |
75,702
+6,447
| +9% | +$471K |
|
2460
Fortive
FTV
$18.7B
| $5.45M | ﹤0.01% |
98,698
+18,715
| +23% | +$971K |
|
2461
Cal-Maine
CALM
$3.89B
| $5.44M | ﹤0.01% |
68,396
+14,047
| +26% | +$1.23M |
|
2462
Churchill Downs
CHDN
$6.19B
| $5.44M | ﹤0.01% |
47,818
-2,545
| -5% | -$264K |
|
2463
State Street SPDR S&P Health Care Equipment ETF
XHE
$168M
| $5.43M | ﹤0.01% |
61,551
+23,480
| +62% | +$1.97M |
|
2464
Angel Oak UltraShort Income ETF
UYLD
$1.58B
| $5.43M | ﹤0.01% |
106,121
+6,270
| +6% | +$321K |
|
2465
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$245M
| $5.43M | ﹤0.01% |
186,925
-22,206
| -11% | -$650K |
|
2466
TPG
TPG
$8.15B
| $5.41M | ﹤0.01% |
84,807
-4,003
| -5% | -$236K |
|
2467
Dimensional International Small Cap Value ETF
DISV
$5.12B
| $5.41M | ﹤0.01% |
142,382
+34,952
| +33% | +$1.27M |
|
2468
FT Vest US Equity Buffer ETF August
FAUG
$1.21B
| $5.41M | ﹤0.01% |
102,120
-322
| -0.3% | -$16.8K |
|
2469
WisdomTree Enhanced Commodity Strategy Fund
GCC
$280M
| $5.4M | ﹤0.01% |
255,484
+148,131
| +138% | +$3.13M |
|
2470
ADMA Biologics
ADMA
$2.21B
| $5.4M | ﹤0.01% |
296,206
+93,425
| +46% | +$1.57M |
|
2471
Lemonade
LMND
$4.06B
| $5.38M | ﹤0.01% |
75,635
+10,523
| +16% | +$707K |
|
2472
Bentley Systems
BSY
$10.7B
| $5.38M | ﹤0.01% |
141,039
-19,801
| -12% | -$902K |
|
2473
State Street SPDR S&P Health Care Services ETF
XHS
$206M
| $5.38M | ﹤0.01% |
50,350
+18,286
| +57% | +$1.92M |
|
2474
BNY Mellon High Yield Beta ETF
BKHY
$161M
| $5.38M | ﹤0.01% |
111,835
-11,087
| -9% | -$535K |
|
2475
Elbit Systems
ESLT
$36B
| $5.38M | ﹤0.01% |
9,304
+1,847
| +25% | +$926K |
|
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.