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 | |
|---|---|---|---|---|---|---|
2701
BlackRock MuniAssets Fund
MUA
$516M
| $2.65M | ﹤0.01% |
244,536
+943
| +0.4% | +$10.4K |
|
2702
Aaon
AAON
$7.63B
| $2.65M | ﹤0.01% |
33,896
-8,153
| -19% | -$841K |
|
2703
iShares Global Utilities ETF
JXI
$310M
| $2.65M | ﹤0.01% |
38,329
-3,741
| -9% | -$249K |
|
2704
iShares iBonds Dec 2031 Term Treasury ETF
IBTL
$651M
| $2.64M | ﹤0.01% |
129,919
-20,716
| -14% | -$414K |
|
2705
Honda
HMC
$39.7B
| $2.64M | ﹤0.01% |
97,348
+18,645
| +24% | +$532K |
|
2706
Gildan
GIL
$10.8B
| $2.64M | ﹤0.01% |
59,670
+3,251
| +6% | +$162K |
|
2707
Franklin Responsibly Sourced Gold ETF
FGDL
$439M
| $2.64M | ﹤0.01% |
63,050
+25,223
| +67% | +$969K |
|
2708
GXO Logistics
GXO
$5.48B
| $2.63M | ﹤0.01% |
72,279
+13,825
| +24% | +$577K |
|
2709
Lyft
LYFT
$6.26B
| $2.62M | ﹤0.01% |
221,052
+110,696
| +100% | +$1.44M |
|
2710
Strive US Energy ETF
DRLL
$282M
| $2.62M | ﹤0.01% |
88,219
-1,667
| -2% | -$47.8K |
|
2711
Freshpet
FRPT
$3.51B
| $2.62M | ﹤0.01% |
32,205
-16,653
| -34% | -$2.04M |
|
2712
FlexShares International Quality Dividend Index Fund
IQDF
$1.17B
| $2.62M | ﹤0.01% |
105,078
+40,836
| +64% | +$1M |
|
2713
Tanger
SKT
$4.66B
| $2.61M | ﹤0.01% |
77,372
+8,972
| +13% | +$301K |
|
|
MPV
2714
Barings Participation Investors
MPV
$177M
| $2.61M | ﹤0.01% |
147,948
+113,593
| +331% | +$1.87M |
|
2715
Innovator Growth-100 Power Buffer ETF October
NOCT
$229M
| $2.61M | ﹤0.01% |
52,449
+1,447
| +3% | +$74.4K |
|
|
QPFF
2716
DELISTED
American Century Quality Preferred ETF
QPFF
| $2.61M | ﹤0.01% |
73,649
-78,625
| -52% | -$2.84M |
|
2717
Cohen & Steers Duration Preferred & Income Fund
LDP
$598M
| $2.59M | ﹤0.01% |
127,439
+2,689
| +2% | +$55.4K |
|
2718
SoFi Select 500 ETF
SFY
$685M
| $2.59M | ﹤0.01% |
+25,379
| New | +$2.77M |
|
2719
Quadratic Interest Rate Volatility and Inflation Hedge ETF
IVOL
$272M
| $2.59M | ﹤0.01% |
138,448
-3,187
| -2% | -$57.4K |
|
2720
Neuberger Small-Mid Cap ETF
NBSM
$118M
| $2.58M | ﹤0.01% |
107,921
+88,678
| +461% | +$2.22M |
|
2721
Commault Systems
CVLT
$5.52B
| $2.58M | ﹤0.01% |
16,345
-722
| -4% | -$119K |
|
|
TEI
2722
Templeton Emerging Markets Income Fund
TEI
$318M
| $2.58M | ﹤0.01% |
478,913
+32,183
| +7% | +$173K |
|
2723
CrossAmerica Partners
CAPL
$810M
| $2.58M | ﹤0.01% |
104,819
-2,586
| -2% | -$59.4K |
|
2724
MDU Resources
MDU
$4.18B
| $2.57M | ﹤0.01% |
151,869
-2,801
| -2% | -$48.4K |
|
|
GCV
2725
Gabelli Convertible and Income Securities Fund
GCV
$93.9M
| $2.57M | ﹤0.01% |
687,166
+9,723
| +1% | +$37.4K |
|
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.