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 |
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
|
+$647M |
| 2 |
Vanguard Russell 1000 Value ETF
VONV
|
+$623M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$530M |
| 4 |
iShares Global Infrastructure ETF
IGF
|
+$434M |
| 5 |
iShares S&P 500 Value ETF
IVE
|
+$329M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$1.08B |
| 2 |
iShares MSCI EAFE Growth ETF
EFG
|
+$347M |
| 3 |
iShares Core S&P US Growth ETF
IUSG
|
+$307M |
| 4 |
iShares US Treasury Bond ETF
GOVT
|
+$229M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$195M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.41% |
| 2 | Financials | 3.81% |
| 3 | Healthcare | 2.68% |
| 4 | Consumer Discretionary | 2.67% |
| 5 | Industrials | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
Adams Diversified Equity Fund
ADX
$3.17B
| $3.17M | ﹤0.01% |
166,781
+25,826
| +18% | +$519K |
|
2527
iShares Global Financials ETF
IXG
$687M
| $3.17M | ﹤0.01% |
30,738
+1,268
| +4% | +$129K |
|
2528
The GEO Group
GEO
$4.2B
| $3.16M | ﹤0.01% |
108,235
-82,557
| -43% | -$2.37M |
|
2529
Zions Bancorporation
ZION
$10.5B
| $3.16M | ﹤0.01% |
63,365
+3,756
| +6% | +$202K |
|
2530
Nuveen Credit Strategies Income Fund
JQC
$708M
| $3.16M | ﹤0.01% |
587,035
+383,293
| +188% | +$2.13M |
|
2531
Alpha Architect US Quantitative Value ETF
QVAL
$599M
| $3.16M | ﹤0.01% |
74,044
+29,840
| +68% | +$1.33M |
|
|
CSF
2532
DELISTED
VictoryShares US Discovery Enhanced Volatility Wtd ETF
CSF
| $3.15M | ﹤0.01% |
61,176
-24,392
| -29% | -$1.33M |
|
2533
Inspire International ETF
WWJD
$569M
| $3.15M | ﹤0.01% |
102,504
+7,338
| +8% | +$223K |
|
|
PMT
2534
PennyMac Mortgage Investment
PMT
$824M
| $3.15M | ﹤0.01% |
214,829
+201
| +0.1% | +$2.75K |
|
|
TBLD
2535
Thornburg Income Builder Opportunities Trust
TBLD
$711M
| $3.14M | ﹤0.01% |
175,169
+19,143
| +12% | +$330K |
|
2536
Archrock
AROC
$5.95B
| $3.14M | ﹤0.01% |
119,654
-4,451
| -4% | -$120K |
|
2537
PUT
Amazon
AMZN
$2.94T
| $3.14M | ﹤0.01% |
16,500
+1,000
| +6% | +$217K |
|
2538
ARK Space & Defense Innovation ETF
ARKX
$844M
| $3.14M | ﹤0.01% |
176,898
+13,481
| +8% | +$266K |
|
|
WEA
2539
Western Asset Premier Bond Fund
WEA
$124M
| $3.14M | ﹤0.01% |
279,775
+2,233
| +0.8% | +$24.4K |
|
2540
PUT
Halliburton
HAL
$26.6B
| $3.14M | ﹤0.01% |
+123,600
| New | +$3.25M |
|
2541
monday.com
MNDY
$3.87B
| $3.13M | ﹤0.01% |
12,878
-4,527
| -26% | -$1.2M |
|
2542
Barclays
BCS
$96B
| $3.13M | ﹤0.01% |
203,785
+40,066
| +24% | +$600K |
|
2543
Assured Guaranty
AGO
$3.66B
| $3.12M | ﹤0.01% |
35,462
-993
| -3% | -$89K |
|
2544
Thor Industries
THO
$4.14B
| $3.12M | ﹤0.01% |
41,119
+752
| +2% | +$70.7K |
|
2545
ACM Research
ACMR
$5.52B
| $3.12M | ﹤0.01% |
133,556
-99,691
| -43% | -$2.28M |
|
2546
iShares MSCI Pacific ex Japan ETF
EPP
$2.26B
| $3.12M | ﹤0.01% |
70,653
-40,979
| -37% | -$1.84M |
|
2547
Crane NXT
CXT
$3.01B
| $3.12M | ﹤0.01% |
60,611
+9,617
| +19% | +$564K |
|
|
BWIN
2548
Baldwin Insurance Group
BWIN
$2.79B
| $3.1M | ﹤0.01% |
73,629
+6,583
| +10% | +$268K |
|
2549
Kinross Gold
KGC
$30.5B
| $3.09M | ﹤0.01% |
245,307
-138,451
| -36% | -$1.55M |
|
2550
Global X S&P 500 Covered Call & Growth ETF
XYLG
$65.6M
| $3.06M | ﹤0.01% |
115,606
-9,391
| -8% | -$261K |
|
Similar funds
LPL Financial's Q1 2025 Portfolio in Review
As of Q1 2025, LPL Financial held 5,580 positions worth $257B, up 4.5% from $246B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
LPL Financial deployed $18.1B of net new capital in Q1 2025, opening 307 new positions and adding to 3,292 existing holdings. Its largest new stake was iShares High Yield Muni Active ETF: 1,729,238 shares worth $85.6M.
By sector, the portfolio is most concentrated in Technology at 7.4% of assets, down from 8.3% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares Core S&P Mid-Cap ETF, an estimated $1.08B trimmed.
- LPL Financial's largest Q1 2025 buy was iShares High Yield Muni Active ETF: 1,729,238 shares worth $85.6M.
- LPL Financial added most to Vanguard Short-Term Inflation-Protected Securities Index Fund in Q1 2025, an estimated $647M increase.
- LPL Financial's biggest Q1 2025 reduction was iShares Core S&P Mid-Cap ETF, cutting an estimated $1.08B.
- LPL Financial fully exited Aspen Technology Inc in Q1 2025, selling an estimated $6.48M.
- LPL Financial's ten largest holdings make up 15% of its $257B portfolio in Q1 2025.
- LPL Financial opened 307 new positions and closed 235 in Q1 2025.
- LPL Financial's portfolio value rose 4.5% quarter-over-quarter to $257B.
Based on LPL Financial's 13F filing for Q1 2025, filed 7 May 2025.