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 | |
|---|---|---|---|---|---|---|
2651
Portland General Electric
POR
$5.79B
| $2.78M | ﹤0.01% |
62,299
+13,599
| +28% | +$583K |
|
2652
FT Vest US Equity Buffer ETF March
FMAR
$1.15B
| $2.78M | ﹤0.01% |
65,838
+2,477
| +4% | +$108K |
|
|
SDFI
2653
AB Short Duration Income ETF
SDFI
$184M
| $2.78M | ﹤0.01% |
77,908
+122
| +0.2% | +$4.32K |
|
|
EXK
2654
Endeavour Silver
EXK
$2.65B
| $2.77M | ﹤0.01% |
648,822
+366,302
| +130% | +$1.47M |
|
2655
Invesco Investment Grade Defensive ETF
IIGD
$26.8M
| $2.77M | ﹤0.01% |
112,876
+7,339
| +7% | +$179K |
|
2656
iShares International Equity Factor ETF
INTF
$3.68B
| $2.76M | ﹤0.01% |
89,640
+17,585
| +24% | +$535K |
|
2657
Forestar Group
FOR
$1.51B
| $2.76M | ﹤0.01% |
130,642
+6,460
| +5% | +$150K |
|
2658
CNX Resources
CNX
$5.11B
| $2.76M | ﹤0.01% |
87,661
+2,927
| +3% | +$88.2K |
|
2659
Antero Resources
AR
$10.6B
| $2.76M | ﹤0.01% |
68,232
-89,269
| -57% | -$3.42M |
|
|
GTY
2660
Getty Realty Corp
GTY
$2.08B
| $2.76M | ﹤0.01% |
88,476
+20,473
| +30% | +$628K |
|
2661
Ryder
R
$10.2B
| $2.76M | ﹤0.01% |
19,168
+4,616
| +32% | +$719K |
|
2662
International Money Express
IMXI
$370M
| $2.76M | ﹤0.01% |
218,413
+5,271
| +2% | +$90.2K |
|
2663
Main Thematic Innovation ETF
TMAT
$250M
| $2.75M | ﹤0.01% |
155,780
+72,967
| +88% | +$1.52M |
|
2664
WisdomTree Dynamic International SmallCap Equity Fund
DDLS
$427M
| $2.75M | ﹤0.01% |
77,719
-200,129
| -72% | -$7.09M |
|
2665
Invesco China Technology ETF
CQQQ
$3.16B
| $2.74M | ﹤0.01% |
61,902
+6,598
| +12% | +$290K |
|
2666
Phibro Animal Health
PAHC
$1.46B
| $2.74M | ﹤0.01% |
128,335
+40,889
| +47% | +$914K |
|
2667
Stellantis
STLA
$21.2B
| $2.74M | ﹤0.01% |
244,428
+60,097
| +33% | +$773K |
|
2668
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$655M
| $2.74M | ﹤0.01% |
217,256
+16,495
| +8% | +$210K |
|
|
SRV
2669
NXG Cushing Midstream Energy Fund
SRV
$216M
| $2.73M | ﹤0.01% |
62,196
+6,415
| +12% | +$291K |
|
2670
BlackRock Capital Allocation Term Trust
BCAT
$1.66B
| $2.73M | ﹤0.01% |
189,656
+70,021
| +59% | +$1.07M |
|
2671
STMicroelectronics
STM
$47.1B
| $2.72M | ﹤0.01% |
123,889
+3,959
| +3% | +$97.3K |
|
2672
Star Bulk Carriers
SBLK
$3.12B
| $2.72M | ﹤0.01% |
174,623
+19,599
| +13% | +$306K |
|
2673
Mobileye
MBLY
$2.13B
| $2.72M | ﹤0.01% |
188,698
+40,724
| +28% | +$665K |
|
2674
iShares MSCI Japan Small-Cap ETF
SCJ
$261M
| $2.71M | ﹤0.01% |
35,377
-2,749
| -7% | -$207K |
|
|
ARI
2675
Apollo Commercial Real Estate
ARI
$872M
| $2.71M | ﹤0.01% |
283,192
+4,604
| +2% | +$43.7K |
|
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.