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 | |
|---|---|---|---|---|---|---|
2751
ALPS International Sector Dividend Dogs ETF
IDOG
$555M
| $2.49M | ﹤0.01% |
78,617
+1,866
| +2% | +$57.6K |
|
2752
Innovator US Equity Buffer ETF November
BNOV
$214M
| $2.48M | ﹤0.01% |
64,970
-3,035
| -4% | -$120K |
|
2753
Xtrackers Municipal Infrastructure Revenue Bond Active ETF
RVNU
$144M
| $2.48M | ﹤0.01% |
100,671
+15,332
| +18% | +$384K |
|
2754
Progress Software
PRGS
$1.7B
| $2.48M | ﹤0.01% |
48,112
+44,298
| +1,161% | +$2.54M |
|
2755
Innovator US Equity Buffer ETF October
BOCT
$289M
| $2.46M | ﹤0.01% |
58,532
-4,631
| -7% | -$201K |
|
|
FAX
2756
abrdn Asia-Pacific Income Fund
FAX
$595M
| $2.46M | ﹤0.01% |
156,607
-12,930
| -8% | -$201K |
|
2757
Wyndham Hotels & Resorts
WH
$5.64B
| $2.46M | ﹤0.01% |
27,149
+8,527
| +46% | +$865K |
|
2758
Pacer Lunt MidCap Multi-Factor Alternator ETF
PAMC
$55.1M
| $2.46M | ﹤0.01% |
57,924
+9,969
| +21% | +$455K |
|
2759
ONE Gas
OGS
$5.01B
| $2.45M | ﹤0.01% |
32,474
+3,674
| +13% | +$265K |
|
2760
Travel + Leisure Co
TNL
$4.81B
| $2.45M | ﹤0.01% |
53,010
+15,027
| +40% | +$788K |
|
2761
PUT
NVIDIA
NVDA
$5.41T
| $2.45M | ﹤0.01% |
22,600
+14,400
| +176% | +$1.83M |
|
2762
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$462M
| $2.45M | ﹤0.01% |
83,023
-79,271
| -49% | -$2.28M |
|
2763
Oaktree Specialty Lending
OCSL
$1.09B
| $2.45M | ﹤0.01% |
159,341
+52,681
| +49% | +$826K |
|
2764
Enovix
ENVX
$934M
| $2.45M | ﹤0.01% |
381,059
+27,506
| +8% | +$245K |
|
|
QVMM
2765
Invesco QQQ Trust Series 1
QVMM
$438M
| $2.45M | ﹤0.01% |
90,470
-18,141
| -17% | -$520K |
|
2766
Trump Media & Technology Group
DJT
$2.7B
| $2.44M | ﹤0.01% |
124,914
-4,298
| -3% | -$121K |
|
|
ARIS
2767
Aris Mining
ARIS
$3.26B
| $2.43M | ﹤0.01% |
524,571
-20,025
| -4% | -$79.6K |
|
2768
Morgan Stanley Direct Lending Fund
MSDL
$1.3B
| $2.43M | ﹤0.01% |
121,646
+65,482
| +117% | +$1.35M |
|
|
FLG
2769
Flagstar Bank National Association
FLG
$5.98B
| $2.42M | ﹤0.01% |
208,514
-111,959
| -35% | -$1.26M |
|
2770
Roundhill Ball Metaverse ETF
METV
$217M
| $2.42M | ﹤0.01% |
179,561
+15,953
| +10% | +$233K |
|
2771
PUT
Meta Platforms (Facebook)
META
$1.51T
| $2.42M | ﹤0.01% |
4,200
+400
| +11% | +$258K |
|
2772
Invesco S&P 500 BuyWrite ETF
PBP
$361M
| $2.42M | ﹤0.01% |
109,020
+14,224
| +15% | +$332K |
|
2773
Black Hills Corp
BKH
$5.51B
| $2.41M | ﹤0.01% |
39,802
+7,211
| +22% | +$427K |
|
2774
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
| $2.41M | ﹤0.01% |
175,565
+19,469
| +12% | +$269K |
|
2775
Algonquin Power & Utilities
AQN
$4.45B
| $2.41M | ﹤0.01% |
468,731
-32,488
| -6% | -$153K |
|
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.