LPL Financial
LPLA
827 hedge funds and large institutions have $29B invested in LPL Financial in 2025 Q4 according to their latest regulatory filings, with 161 funds opening new positions, 258 increasing their positions, 275 reducing their positions, and 82 closing their positions.
96% more first-time investments, than exits
New positions opened: 161 | Existing positions closed: 82
11% more capital invested
Capital invested by funds: $26.1B → $29B (+$2.91B)
9% more funds holding
Funds holding: 759 → 827 (+68)
3.42% more ownership
Funds ownership: 98.27% → 101.69% (+3.4%)
0% more funds holding in top 10
Funds holding in top 10: 21 → 21 (0)
6% less repeat investments, than reductions
Existing positions increased: 258 | Existing positions reduced: 275
27% less call options, than puts
Call options by funds: $72.7M | Put options by funds: $100M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$446M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$353M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$225M |
| 4 |
Dodge & Cox
San Francisco,
California
|
+$219M |
| 5 |
VanEck Associates
New York
|
+$172M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$351M |
| 2 |
Millennium Management
New York
|
-$265M |
| 3 |
AM
AGF Management
Toronto,
Ontario, Canada
|
-$179M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$162M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$117M |
LPLA Hedge Fund Activity: Q4 2025 in Review
827 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in LPL Financial (LPLA) for Q4 2025, worth a combined $29B — up 11% from $26.1B a quarter earlier.
Buyers outnumbered sellers: 161 funds opened new LPLA positions and 82 closed out — a net gain of 79 holders — while 258 added to existing stakes and 275 trimmed.
The largest buyer was Barrow, Hanley, Mewhinney & Strauss, opening a new position worth an estimated $446M. The largest seller was Jennison Associates, cutting an estimated $351M.
- 827 institutional investors held LPL Financial (LPLA) as of Q4 2025, up from 759 in Q3 2025.
- Funds reported $29B of LPL Financial stock for Q4 2025, up 11% quarter-over-quarter.
- 161 funds opened new LPL Financial positions in Q4 2025 and 82 closed out, a net change of +79 holders.
- The largest LPL Financial buyer in Q4 2025 was Barrow, Hanley, Mewhinney & Strauss, an estimated $446M added.
- The largest LPL Financial seller in Q4 2025 was Jennison Associates, an estimated $351M sold.
Based on aggregated 13F filings for Q4 2025.