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 | |
|---|---|---|---|---|---|---|
2726
Archer Aviation
ACHR
$3.97B
| $2.57M | ﹤0.01% |
360,964
+84,522
| +31% | +$750K |
|
2727
Innovator US Small Cap Power Buffer ETF January
KJAN
$327M
| $2.57M | ﹤0.01% |
71,800
+6,589
| +10% | +$245K |
|
2728
Dorman Products
DORM
$4.15B
| $2.57M | ﹤0.01% |
21,816
+2,101
| +11% | +$268K |
|
2729
Aurora
AUR
$13B
| $2.57M | ﹤0.01% |
381,531
+96,538
| +34% | +$691K |
|
2730
Cambria Value and Momentum ETF
VAMO
$108M
| $2.57M | ﹤0.01% |
88,018
+2,794
| +3% | +$83.3K |
|
2731
FT Vest US Equity Deep Buffer ETF January
DJAN
$479M
| $2.56M | ﹤0.01% |
67,433
-676
| -1% | -$26.3K |
|
2732
DNOW Inc
DNOW
$2.89B
| $2.56M | ﹤0.01% |
149,777
+59,508
| +66% | +$901K |
|
2733
Strategic Trust Running Oak Efficient Growth ETF
RUNN
$406M
| $2.55M | ﹤0.01% |
78,548
+13,527
| +21% | +$449K |
|
2734
FT Vest US Equity Enhance & Moderate Buffer ETF March
XMAR
$158M
| $2.55M | ﹤0.01% |
69,306
-6,360
| -8% | -$233K |
|
2735
Nuveen California Municipal Value Fund
NCA
$300M
| $2.54M | ﹤0.01% |
294,124
+92,090
| +46% | +$791K |
|
2736
BlackRock Energy and Resources Trust
BGR
$407M
| $2.54M | ﹤0.01% |
187,321
+2,604
| +1% | +$34.7K |
|
2737
UMB Financial
UMBF
$11.2B
| $2.54M | ﹤0.01% |
25,104
+4,775
| +23% | +$526K |
|
2738
WD-40
WDFC
$3.13B
| $2.54M | ﹤0.01% |
10,390
+987
| +10% | +$233K |
|
2739
iShares MSCI USA Size Factor ETF
SIZE
$440M
| $2.53M | ﹤0.01% |
17,406
-516
| -3% | -$77.6K |
|
2740
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.81B
| $2.52M | ﹤0.01% |
105,764
-45,438
| -30% | -$1.08M |
|
2741
Renaissance IPO ETF
IPO
$155M
| $2.52M | ﹤0.01% |
67,023
+37,369
| +126% | +$1.62M |
|
2742
iShares Global Materials ETF
MXI
$357M
| $2.51M | ﹤0.01% |
30,771
-4,040
| -12% | -$332K |
|
|
BFZ
2743
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $2.51M | ﹤0.01% |
228,402
+16,406
| +8% | +$184K |
|
2744
New Fortress Energy
NFE
$96.5M
| $2.51M | ﹤0.01% |
301,585
+92,205
| +44% | +$1.14M |
|
2745
Seadrill
SDRL
$2.7B
| $2.5M | ﹤0.01% |
100,062
+42,519
| +74% | +$1.32M |
|
2746
Gladstone Investment Corp
GAIN
$665M
| $2.49M | ﹤0.01% |
186,656
-3,409
| -2% | -$45.7K |
|
2747
Golar LNG
GLNG
$5.17B
| $2.49M | ﹤0.01% |
65,613
-1,223
| -2% | -$47.9K |
|
2748
Telephone and Data Systems
TDS
$4.05B
| $2.49M | ﹤0.01% |
64,307
-5,207
| -7% | -$188K |
|
2749
Chord Energy
CHRD
$7.39B
| $2.49M | ﹤0.01% |
22,101
-9,231
| -29% | -$1.05M |
|
2750
Lumentum
LITE
$64.5B
| $2.49M | ﹤0.01% |
39,957
-9,609
| -19% | -$739K |
|
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.