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 | |
|---|---|---|---|---|---|---|
|
AMED
2601
DELISTED
Amedisys
AMED
| $2.9M | ﹤0.01% |
31,336
+605
| +2% | +$55.8K |
|
2602
Vanguard Total World Bond ETF
BNDW
$1.89B
| $2.9M | ﹤0.01% |
42,184
+433
| +1% | +$29.6K |
|
|
SGI
2603
Somnigroup International
SGI
$14.6B
| $2.89M | ﹤0.01% |
48,342
+788
| +2% | +$47.7K |
|
2604
Graphic Packaging
GPK
$3.52B
| $2.89M | ﹤0.01% |
111,424
-11,802
| -10% | -$316K |
|
2605
American Homes 4 Rent
AMH
$12.4B
| $2.89M | ﹤0.01% |
76,471
-4,022
| -5% | -$144K |
|
2606
Schwab Fundamental US Broad Market Index ETF
FNDB
$1.45B
| $2.89M | ﹤0.01% |
125,654
-135,473
| -52% | -$3.21M |
|
|
CWAN
2607
DELISTED
Clearwater Analytics
CWAN
| $2.89M | ﹤0.01% |
115,179
+23,630
| +26% | +$663K |
|
2608
StoneX
SNEX
$9.2B
| $2.89M | ﹤0.01% |
84,998
+4,690
| +6% | +$157K |
|
2609
First Trust Nasdaq Pharmaceuticals ETF
FTXH
$928M
| $2.88M | ﹤0.01% |
104,902
+49,026
| +88% | +$1.36M |
|
2610
Prestige Consumer Healthcare
PBH
$2.51B
| $2.88M | ﹤0.01% |
33,508
-1,690
| -5% | -$139K |
|
2611
Cogent Communications
CCOI
$644M
| $2.88M | ﹤0.01% |
46,947
+2,881
| +7% | +$212K |
|
2612
Vanguard ESG US Corporate Bond ETF
VCEB
$1.18B
| $2.87M | ﹤0.01% |
45,673
+5,744
| +14% | +$359K |
|
2613
Pacer US Export Leaders ETF
PEXL
$52.4M
| $2.87M | ﹤0.01% |
62,862
-79,823
| -56% | -$3.89M |
|
2614
Atlantic Union Bankshares
AUB
$6.11B
| $2.87M | ﹤0.01% |
92,014
+5,155
| +6% | +$183K |
|
2615
iShares Low Carbon Optimized MSCI ACWI ETF
CRBN
$1.18B
| $2.86M | ﹤0.01% |
14,986
+268
| +2% | +$52.8K |
|
2616
Viking Therapeutics
VKTX
$3.91B
| $2.86M | ﹤0.01% |
118,613
+21,911
| +23% | +$693K |
|
2617
DaVita
DVA
$12.1B
| $2.86M | ﹤0.01% |
18,689
+4,968
| +36% | +$781K |
|
2618
Primerica
PRI
$10B
| $2.86M | ﹤0.01% |
10,035
-453
| -4% | -$129K |
|
2619
Crown Holdings
CCK
$13.3B
| $2.85M | ﹤0.01% |
31,973
+8,092
| +34% | +$706K |
|
2620
Kite Realty
KRG
$5.56B
| $2.85M | ﹤0.01% |
127,445
-7,180
| -5% | -$164K |
|
|
AIV
2621
Aimco
AIV
$381M
| $2.85M | ﹤0.01% |
+323,771
| New | +$2.88M |
|
2622
Invesco Energy Exploration & Production ETF
PXE
$79M
| $2.85M | ﹤0.01% |
97,293
-10,583
| -10% | -$316K |
|
2623
VF Corp
VFC
$5.98B
| $2.84M | ﹤0.01% |
183,177
-16,643
| -8% | -$369K |
|
2624
Trip.com Group
TCOM
$28.9B
| $2.84M | ﹤0.01% |
44,706
+30,723
| +220% | +$2.01M |
|
2625
Direxion Auspice Broad Commodity Strategy ETF
COM
$204M
| $2.84M | ﹤0.01% |
96,629
+13,062
| +16% | +$378K |
|
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.