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 | |
|---|---|---|---|---|---|---|
2576
Wingstop
WING
$3.37B
| $2.96M | ﹤0.01% |
13,106
-3,854
| -23% | -$1M |
|
2577
ATI
ATI
$28B
| $2.96M | ﹤0.01% |
56,808
+8,876
| +19% | +$504K |
|
2578
Invesco
IVZ
$14.1B
| $2.96M | ﹤0.01% |
194,827
+2,922
| +2% | +$49.9K |
|
2579
Ciena
CIEN
$57.9B
| $2.95M | ﹤0.01% |
48,879
+10,856
| +29% | +$858K |
|
2580
Nuveen Growth Opportunities ETF
NUGO
$2.56B
| $2.95M | ﹤0.01% |
96,610
+17,497
| +22% | +$592K |
|
2581
InterDigital
IDCC
$8.53B
| $2.95M | ﹤0.01% |
14,245
+6,249
| +78% | +$1.26M |
|
2582
Alcoa
AA
$12.6B
| $2.94M | ﹤0.01% |
96,491
-66,900
| -41% | -$2.34M |
|
2583
STF Tactical Growth ETF
TUG
$33.9M
| $2.94M | ﹤0.01% |
94,948
-12,190
| -11% | -$406K |
|
|
CMA
2584
DELISTED
Comerica
CMA
| $2.93M | ﹤0.01% |
49,654
+3,034
| +7% | +$191K |
|
2585
Advanced Energy
AEIS
$13.2B
| $2.93M | ﹤0.01% |
30,749
+3,911
| +15% | +$447K |
|
2586
iShares Interest Rate Hedged Long-Term Corporate Bond ETF
IGBH
$221M
| $2.93M | ﹤0.01% |
121,946
+35,035
| +40% | +$854K |
|
2587
Element Solutions
ESI
$9.34B
| $2.93M | ﹤0.01% |
129,474
+10,369
| +9% | +$265K |
|
2588
Goldman Sachs ActiveBeta Europe Equity ETF
GSEU
$126M
| $2.93M | ﹤0.01% |
75,959
+14,380
| +23% | +$540K |
|
2589
ROBO Global Artificial Intelligence ETF
THNQ
$446M
| $2.92M | ﹤0.01% |
66,085
+7,630
| +13% | +$384K |
|
2590
Vericel Corp
VCEL
$2.32B
| $2.92M | ﹤0.01% |
70,855
+14,181
| +25% | +$763K |
|
|
BRW
2591
Saba Capital Income & Opportunities Fund
BRW
$343M
| $2.92M | ﹤0.01% |
376,329
+213,199
| +131% | +$1.66M |
|
2592
Goldman Sachs MarketBeta International Equity ETF
GSID
$1.11B
| $2.92M | ﹤0.01% |
50,180
+9,381
| +23% | +$541K |
|
2593
Hims & Hers Health
HIMS
$7.33B
| $2.92M | ﹤0.01% |
98,701
+743
| +0.8% | +$27.6K |
|
|
HBI
2594
DELISTED
Hanesbrands
HBI
| $2.91M | ﹤0.01% |
505,109
+50,977
| +11% | +$357K |
|
2595
Fortune Brands Innovations
FBIN
$6.24B
| $2.91M | ﹤0.01% |
47,869
-2,109
| -4% | -$142K |
|
|
GRX
2596
Gabelli Healthcare & Wellness Trust
GRX
$144M
| $2.91M | ﹤0.01% |
289,088
+8,739
| +3% | +$87.5K |
|
2597
BlackRock Health Sciences Trust II
BMEZ
$976M
| $2.91M | ﹤0.01% |
195,565
+4,397
| +2% | +$68.8K |
|
|
ETO
2598
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund
ETO
$516M
| $2.91M | ﹤0.01% |
118,583
+9,196
| +8% | +$235K |
|
2599
Sun Communities
SUI
$14.9B
| $2.91M | ﹤0.01% |
22,618
-2,942
| -12% | -$376K |
|
2600
FlexShares STOXX Global Broad Infrastructure Index Fund
NFRA
$3B
| $2.9M | ﹤0.01% |
50,390
-3,662
| -7% | -$206K |
|
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.