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Asset Manager ← All Institutions

LPL Financial LLC

4707 EXECUTIVE DRIVE, SAN DIEGO, CA 92121 • 704-733-3300

Q4 2025 · Filed 2026-02-11
Market Value
$364.4B
+6.7%
Holdings
5,545
+81
New Purchases
249
Added To
3,087
Closed
174
Reduced
1,980
Top 10 Concentration
15.2%
Turnover
7.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 0.75% 0.60% +0.15% $2.7B
IVE 0.64% 0.52% +0.12% $2.3B
CGDV 0.76% 0.65% +0.11% $2.8B
GOOG 0.53% 0.43% +0.10% $1.9B
LLY 0.35% 0.25% +0.10% $1.3B
IEMG 0.97% 0.91% +0.06% $3.5B
JBND 0.19% 0.14% +0.06% $709M
AAPL 1.76% 1.70% +0.06% $6.4B
CGGR 0.55% 0.50% +0.06% $2.0B
GLD 0.52% 0.47% +0.05% $1.9B
DYNF 0.75% 0.71% +0.04% $2.7B
SLV 0.15% 0.11% +0.04% $564M
MU 0.10% 0.06% +0.04% $366M
AKRE 0.04% 0.00% +0.04% $151M
AGG 0.39% 0.35% +0.04% $1.4B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QUAL 0.88% 1.05% -0.17% $3.2B
MSFT 1.33% 1.44% -0.11% $4.8B
NVDA 1.70% 1.79% -0.09% $6.2B
NFLX 0.21% 0.29% -0.08% $751M
META 0.55% 0.62% -0.07% $2.0B
XLF 0.33% 0.38% -0.05% $1.2B
ORCL 0.13% 0.19% -0.05% $489M
HD 0.20% 0.26% -0.05% $747M
SCHD 0.24% 0.29% -0.05% $882M
QQQ 1.81% 1.86% -0.05% $6.6B
XLC 0.17% 0.21% -0.04% $617M
COST 0.25% 0.29% -0.04% $920M
SPHQ 0.25% 0.28% -0.04% $894M
SPY 1.90% 1.94% -0.04% $6.9B
COWZ 0.31% 0.34% -0.04% $1.1B

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 77.9%
Technology 7.8%
Industrials 2.5%
Consumer Cyclical 2.4%
Communication Services 2.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 81 $96.3B 26.4%
Large Cap 1,051 $182.9B 50.2%
Mid Cap 1,347 $53.2B 14.6%
Small Cap 1,707 $26.3B 7.2%
Micro Cap 1,359 $5.7B 1.6%

Portfolio Analytics

Avg Market Cap
$20.6B
Median Market Cap
$1.5B
Avg P/E
30.4
Median P/E
18.7
Avg Dividend Yield
0.03%
Avg Beta
0.97
# Stocks
2,927
# ETFs / Funds
2,619

Top Holdings (5,545 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 1.97% 10,482,560 $7.2B $684.94 $422M +385,321 +3.8%
2 SPY 1.90% 10,170,761 $6.9B $681.92 $313M +229,013 +2.3%
3 QQQ 1.81% 10,729,287 $6.6B $614.31 $248M +164,444 +1.6%
4 AAPL 1.76% 23,606,189 $6.4B $271.86 $599M +755,379 +3.3%
5 NVDA 1.70% 33,155,918 $6.2B $186.50 $65M +364,400 +1.1%
6 MSFT 1.33% 10,008,020 $4.8B $483.62 -$84M +502,077 +5.3%
7 VTI 1.30% 14,079,780 $4.7B $335.27 $191M +277,939 +2.0%
8 SPYG 1.18% 40,217,777 $4.3B $106.70 $197M +1,039,128 +2.6%
9 VOO 1.17% 6,814,280 $4.3B $627.13 $390M +472,079 +7.4%
10 SPLG 1.13% 51,511,055 $4.1B $80.22 $336M +3,050,730 +6.3%
11 AMZN 1.04% 16,490,779 $3.8B $230.82 $322M +621,898 +3.9%
12 IEFA 1.00% 40,788,933 $3.6B $89.46 $245M +1,799,732 +4.6%
13 IEMG 0.97% 52,461,199 $3.5B $67.22 $429M +5,465,951 +11.6%
14 QUAL 0.88% 16,176,100 $3.2B $198.62 -$390M -2,346,797 -12.7%
15 SPYV 0.78% 50,099,107 $2.8B $56.81 $276M +3,656,552 +7.9%
16 CGDV 0.76% 63,490,640 $2.8B $43.64 $561M +10,904,954 +20.7%
17 DYNF 0.75% 45,131,519 $2.7B $60.81 $324M +4,242,839 +10.4%
18 GOVT 0.75% 119,087,423 $2.7B $23.02 $171M +7,886,409 +7.1%
19 GOOGL 0.75% 8,696,371 $2.7B $313.00 $680M +298,058 +3.5%
20 QQQM 0.74% 10,725,891 $2.7B $252.92 $299M +960,023 +9.8%
21 VUG 0.74% 5,490,898 $2.7B $487.86 $57M +24,146 +0.4%
22 MBB 0.73% 27,903,169 $2.7B $95.22 $107M +1,104,895 +4.1%
23 IVW 0.67% 19,816,481 $2.4B $123.26 $93M +357,495 +1.8%
24 IUSG 0.66% 14,224,602 $2.4B $167.94 $80M +191,247 +1.4%
25 IVE 0.64% 11,013,259 $2.3B $212.07 $571M +2,466,847 +28.9%
26 XLK 0.63% 15,977,154 $2.3B $143.97 $136M +8,297,736 +108.0%
27 AVGO 0.60% 6,344,128 $2.2B $346.10 $192M +271,304 +4.5%
28 RDVY 0.58% 30,504,116 $2.1B $69.47 $263M +2,907,770 +10.5%
29 IUSB 0.58% 45,507,455 $2.1B $46.54 $37M +966,130 +2.2%
30 IJR 0.58% 17,525,618 $2.1B $120.18 $142M +992,984 +6.0%
31 VTV 0.56% 10,741,631 $2.1B $190.99 $78M +158,367 +1.5%
32 CGGR 0.55% 45,411,053 $2.0B $44.47 $324M +6,814,693 +17.7%
33 META 0.55% 3,036,669 $2.0B $660.09 -$103M +167,246 +5.8%
34 GOOG 0.53% 6,140,287 $1.9B $313.80 $474M +174,739 +2.9%
35 IJH 0.53% 29,123,810 $1.9B $66.00 $113M +1,406,203 +5.1%
36 GLD 0.52% 4,809,271 $1.9B $396.31 $288M +256,922 +5.6%
37 IWM 0.50% 7,446,977 $1.8B $246.16 $51M +79,527 +1.1%
38 VEA 0.49% 28,541,648 $1.8B $62.47 $78M +90,342 +0.3%
39 IWF 0.49% 3,755,659 $1.8B $473.30 $48M +63,975 +1.7%
40 JPM 0.48% 5,459,824 $1.8B $322.22 $113M +242,190 +4.6%
41 BRK-B 0.46% 3,367,406 $1.7B $502.65 $38M +76,704 +2.3%
42 IUSV 0.46% 16,406,531 $1.7B $102.54 $99M +569,611 +3.6%
43 SPIB 0.46% 49,056,429 $1.7B $33.81 $74M +2,313,152 +5.0%
44 SPDW 0.46% 37,343,862 $1.7B $44.41 $201M +3,292,815 +9.7%
45 OEF 0.43% 4,530,269 $1.6B $342.97 $143M +290,930 +6.9%
46 BUFR 0.42% 44,621,823 $1.5B $34.26 $125M +2,609,325 +6.2%
47 VIG 0.42% 6,909,821 $1.5B $219.78 $34M +31,765 +0.5%
48 TSLA 0.40% 3,233,277 $1.5B $449.72 $53M +82,941 +2.6%
49 SPTI 0.39% 48,812,099 $1.4B $28.84 $47M +1,719,493 +3.6%
50 AGG 0.39% 14,085,361 $1.4B $99.88 $226M +2,304,418 +19.6%
51 EFV 0.38% 19,536,098 $1.4B $71.41 -$11M -1,195,299 -5.8%
52 BND 0.38% 18,586,676 $1.4B $74.07 $67M +971,603 +5.5%
53 DGRO 0.36% 18,763,346 $1.3B $69.42 $66M +595,710 +3.3%
54 SPSM 0.35% 26,990,277 $1.3B $46.86 $78M +1,362,095 +5.3%
55 LLY 0.35% 1,171,562 $1.3B $1,074.68 $404M +50,345 +4.5%
56 BIL 0.33% 13,175,217 $1.2B $91.38 -$11M -66,656 -0.5%
57 XLF 0.33% 21,725,623 $1.2B $54.77 -$112M -2,432,931 -10.1%
58 MUB 0.33% 11,099,309 $1.2B $107.11 $74M +632,378 +6.0%
59 COWZ 0.31% 18,708,533 $1.1B $60.17 -$50M -1,746,181 -8.5%
60 IAU 0.31% 13,742,286 $1.1B $81.17 $130M +203,528 +1.5%
61 SCHG 0.31% 34,166,654 $1.1B $32.62 $103M +2,464,714 +7.8%
62 DGRW 0.30% 12,219,587 $1.1B $89.43 -$8M -150,513 -1.2%
63 VONV 0.29% 11,418,321 $1.1B $92.30 $113M +891,173 +8.5%
64 RSP 0.29% 5,486,948 $1.1B $191.56 $79M +362,412 +7.1%
65 JNJ 0.29% 5,042,090 $1.0B $206.95 $119M +54,322 +1.1%
66 V 0.28% 2,958,488 $1.0B $350.71 $43M +46,317 +1.6%
67 XLV 0.28% 6,563,313 $1.0B $154.80 $120M +127,872 +2.0%
68 VB 0.28% 3,913,394 $1.0B $257.95 $960K -52,705 -1.3%
69 VONG 0.27% 8,174,197 $995M $121.75 $70M +494,747 +6.4%
70 JPST 0.27% 19,620,900 $993M $50.59 $71M +1,459,312 +8.0%
71 WMT 0.27% 8,851,299 $986M $111.41 $145M +686,753 +8.4%
72 VGT 0.27% 1,301,922 $981M $753.78 $39M +39,217 +3.1%
73 VYM 0.27% 6,820,119 $979M $143.52 $66M +345,129 +5.3%
74 SMH 0.27% 2,709,875 $976M $360.13 $191M +305,760 +12.7%
75 CGUS 0.26% 23,734,177 $955M $40.23 $168M +3,824,999 +19.2%
76 SDVY 0.26% 24,892,169 $954M $38.32 $51M +1,135,800 +4.8%
77 VO 0.26% 3,282,244 $953M $290.22 $22M +114,206 +3.6%
78 ITOT 0.26% 6,324,224 $940M $148.69 $64M +305,209 +5.1%
79 TLH 0.26% 9,244,997 $940M $101.67 -$25M -120,577 -1.3%
80 COST 0.25% 1,066,337 $920M $862.34 -$83M -16,437 -1.5%
81 IWB 0.25% 2,451,013 $915M $373.44 $21M +3,325 +0.1%
82 VTIP 0.25% 18,490,336 $915M $49.46 $31M +1,039,578 +6.0%
83 VCIT 0.25% 10,895,493 $912M $83.75 $47M +604,588 +5.9%
84 IWD 0.25% 4,290,502 $902M $210.34 $47M +88,708 +2.1%
85 SPHQ 0.25% 11,917,365 $894M $75.05 -$67M -1,195,544 -9.1%
86 PLTR 0.24% 4,985,788 $886M $177.75 -$33M -55,211 -1.1%
87 VWO 0.24% 16,478,310 $886M $53.76 $5M +228,267 +1.4%
88 SGOV 0.24% 8,796,355 $883M $100.38 $87M +896,804 +11.3%
89 SCHD 0.24% 32,153,434 $882M $27.43 -$109M -4,139,914 -11.4%
90 XOM 0.24% 7,323,696 $881M $120.34 $103M +417,239 +6.0%
91 ABBV 0.24% 3,853,097 $880M $228.49 $16M +119,704 +3.2%
92 JEPQ 0.24% 14,883,554 $865M $58.12 $43M +589,696 +4.1%
93 MTUM 0.23% 3,291,857 $824M $250.31 $147M +652,414 +24.7%
94 BINC 0.23% 15,610,462 $824M $52.77 $75M +1,538,152 +10.9%
95 DIA 0.22% 1,649,992 $793M $480.57 $46M +39,183 +2.4%
96 FVD 0.22% 17,207,162 $793M $46.08 -$25M -490,780 -2.8%
97 SPMO 0.22% 6,624,488 $790M $119.32 $11M +182,485 +2.8%
98 THRO 0.22% 20,374,968 $786M $38.56 $85M +1,862,261 +10.1%
99 BAI 0.21% 23,406,351 $779M $33.30 $101M +3,536,882 +17.8%
100 XLI 0.21% 4,914,079 $762M $155.12 $20M +99,453 +2.1%

Options Breakdown

114 Calls $84M Call Value 149 Puts $332M Put Value 3.93 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 28,100 $19M
NVDA 24,300 $5M
TSLA 9,400 $4M
COST 4,000 $3M
QQQ 5,500 $3M
XLV 20,000 $3M NEW
MSFT 5,200 $3M NEW
ORCL 11,900 $2M
UNH 6,800 $2M
PLTR 12,400 $2M

Top Puts

SymbolSharesValueStatus
SPY 165,900 $113M
QQQ 37,900 $23M
APP 22,200 $15M NEW
AAPL 51,500 $14M
META 16,400 $11M
COST 9,500 $8M
MSFT 14,900 $7M
LNC 130,100 $6M
AMZN 24,400 $6M
MOS 228,600 $6M NEW

New Positions

SymbolValue% Port
AKRE $151M 0.04%
TOTB.DE $96M 0.03%
BITW $30M 0.01%
EXUS $25M 0.01%
CLOX $16M —%
CLOZ $15M —%
Q $14M —%
SOLS $13M —%
KSPY $12M —%
EMBX $11M —%
CAM $11M —%
FTMH $10M —%
GUSE $8M —%
GTOP $8M —%
TTEQ $8M —%

Sold Out Positions

SymbolValue% Port
BGSF —%
KOS —%
TSQ —%
BKKT —%
SPB —%
HY —%
KNOP —%
AVNS —%
SSTK —%
YELP —%
NGVC —%
NVGS —%
TIMB —%
CHGG —%
ASR —%
View SEC EDGAR Filings for LPL Financial LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms