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 | |
|---|---|---|---|---|---|---|
2776
AGCO
AGCO
$7.21B
| $2.41M | ﹤0.01% |
27,999
+6,187
| +28% | +$604K |
|
2777
Suburban Propane Partners
SPH
$1.17B
| $2.41M | ﹤0.01% |
114,473
-12,936
| -10% | -$264K |
|
2778
ICF International
ICFI
$1.55B
| $2.41M | ﹤0.01% |
29,038
+294
| +1% | +$30.8K |
|
2779
iShares MSCI South Korea ETF
EWY
$24B
| $2.4M | ﹤0.01% |
44,450
+26,226
| +144% | +$1.45M |
|
|
CGO
2780
Calamos Global Total Return Fund
CGO
$128M
| $2.39M | ﹤0.01% |
231,775
+4,528
| +2% | +$50.3K |
|
2781
PUT
Bank of America
BAC
$440B
| $2.39M | ﹤0.01% |
57,300
+35,500
| +163% | +$1.58M |
|
2782
Bloom Energy
BE
$69.5B
| $2.38M | ﹤0.01% |
121,311
-56,758
| -32% | -$1.36M |
|
2783
SouthState Bank Corp
SSB
$10.5B
| $2.38M | ﹤0.01% |
25,664
+7,975
| +45% | +$785K |
|
|
QXO
2784
QXO Inc
QXO
$16.6B
| $2.38M | ﹤0.01% |
175,596
+139,397
| +385% | +$1.9M |
|
2785
VanEck Oil Refiners ETF
CRAK
$238M
| $2.38M | ﹤0.01% |
82,721
+59,309
| +253% | +$1.71M |
|
2786
Avnet
AVT
$8.02B
| $2.38M | ﹤0.01% |
49,428
+3,826
| +8% | +$194K |
|
2787
Abercrombie & Fitch
ANF
$4.93B
| $2.38M | ﹤0.01% |
31,114
+15,500
| +99% | +$1.67M |
|
2788
SentinelOne
S
$7.02B
| $2.37M | ﹤0.01% |
130,558
+2,892
| +2% | +$62.7K |
|
2789
United Bankshares
UBSI
$6.67B
| $2.37M | ﹤0.01% |
68,432
-325
| -0.5% | -$11.9K |
|
|
BKN
2790
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
| $2.37M | ﹤0.01% |
206,428
+8,888
| +4% | +$102K |
|
2791
Ashland
ASH
$3.29B
| $2.37M | ﹤0.01% |
39,952
+8,153
| +26% | +$519K |
|
2792
Avantis Moderate Allocation ETF
AVMA
$81M
| $2.37M | ﹤0.01% |
40,812
-6,777
| -14% | -$400K |
|
2793
ESCO Technologies
ESE
$8.53B
| $2.37M | ﹤0.01% |
14,866
+2,000
| +16% | +$300K |
|
2794
JPMorgan BetaBuilders US Mid Cap Equity ETF
BBMC
$2.08B
| $2.36M | ﹤0.01% |
26,234
-265,925
| -91% | -$25.7M |
|
2795
Northern Oil and Gas
NOG
$2.19B
| $2.36M | ﹤0.01% |
78,146
+13,377
| +21% | +$458K |
|
2796
Old National Bancorp
ONB
$10.3B
| $2.36M | ﹤0.01% |
111,399
-3,327
| -3% | -$74.9K |
|
2797
Fortis
FTS
$28.5B
| $2.36M | ﹤0.01% |
51,722
+512
| +1% | +$22.3K |
|
|
SZNE
2798
DELISTED
Pacer CFRA-Stoval Equal Weight Seasonal Rotation ETF
SZNE
| $2.36M | ﹤0.01% |
67,808
-18,238
| -21% | -$670K |
|
2799
FT Vest US Equity Deep Buffer ETF December
DDEC
$435M
| $2.35M | ﹤0.01% |
60,076
-169
| -0.3% | -$6.8K |
|
2800
Global Ship Lease
GSL
$1.53B
| $2.35M | ﹤0.01% |
102,897
+26,542
| +35% | +$594K |
|
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.