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Spheria Global Opportunities Fund's investment thesis on LPL Financial Holdings Inc. ($LPLA) — Q3 2025 | Buyside Digest

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$LPLANASDAQLPL Financial Holdings Inc.

BULL

Spheria Global Opportunities Fund—LPLA

Fund Letter

Q3 2025

Published October 31, 2025

View Fund Profile

$370.69USD

+3.2% vs last month

$373.50Pitched

-0.8% since pitch

Market Cap$28.2B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

The Spheria Global Opportunities Fund returned -1.6% in October 2025, underperforming the MSCI World Small Cap Index by 3.0%. Market conditions displayed...

— Spheria Asset Management Pty Limited

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