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 | |
|---|---|---|---|---|---|---|
2826
Rigetti Computing
RGTI
$5.76B
| $2.28M | ﹤0.01% |
287,811
+158,301
| +122% | +$1.76M |
|
2827
First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF
CARZ
$47.7M
| $2.28M | ﹤0.01% |
42,569
+2,328
| +6% | +$135K |
|
|
COOP
2828
DELISTED
Mr. Cooper
COOP
| $2.27M | ﹤0.01% |
19,005
+4,048
| +27% | +$423K |
|
2829
Xtrackers MSCI Europe Hedged Equity ETF
DBEU
$786M
| $2.27M | ﹤0.01% |
51,467
+36,846
| +252% | +$1.63M |
|
2830
Hanover Insurance
THG
$7.98B
| $2.27M | ﹤0.01% |
13,047
+1,132
| +10% | +$183K |
|
2831
Invesco S&P Spin-Off ETF
CSD
$227M
| $2.27M | ﹤0.01% |
+30,215
| New | +$2.52M |
|
2832
WisdomTree Enhanced Commodity Strategy Fund
GCC
$275M
| $2.27M | ﹤0.01% |
115,586
+12,287
| +12% | +$239K |
|
2833
FT Vest US Small Cap Moderate Buffer ETF November
SNOV
$118M
| $2.27M | ﹤0.01% |
+102,724
| New | +$2.36M |
|
|
MIN
2834
Aberdeen Intermediate Income Fund
MIN
$277M
| $2.26M | ﹤0.01% |
840,907
+433,432
| +106% | +$1.17M |
|
2835
Blue Owl Capital
OWL
$18.2B
| $2.26M | ﹤0.01% |
112,874
-1,950
| -2% | -$43.9K |
|
2836
Invesco Active US Real Estate Fund
PSR
$60M
| $2.26M | ﹤0.01% |
24,432
-16,049
| -40% | -$1.47M |
|
2837
MGE Energy Inc
MGEE
$3.06B
| $2.26M | ﹤0.01% |
24,305
+1,038
| +4% | +$94.4K |
|
2838
NetEase
NTES
$84.2B
| $2.26M | ﹤0.01% |
21,936
-1,752
| -7% | -$176K |
|
2839
Invesco DB Precious Metals Fund
DBP
$255M
| $2.26M | ﹤0.01% |
31,585
-666
| -2% | -$44K |
|
2840
Cal-Maine
CALM
$3.99B
| $2.25M | ﹤0.01% |
24,793
-5,133
| -17% | -$507K |
|
2841
Black Stone Minerals
BSM
$3B
| $2.25M | ﹤0.01% |
147,506
+11,430
| +8% | +$172K |
|
2842
CALL
Invesco QQQ Trust
QQQ
$484B
| $2.25M | ﹤0.01% |
4,800
+4,400
| +1,100% | +$2.24M |
|
2843
Stevanato
STVN
$5.56B
| $2.25M | ﹤0.01% |
116,060
+30,339
| +35% | +$646K |
|
2844
Recursion Pharmaceuticals
RXRX
$1.73B
| $2.25M | ﹤0.01% |
425,090
+57,305
| +16% | +$418K |
|
2845
Saratoga Investment
SAR
$320M
| $2.25M | ﹤0.01% |
88,665
+1,361
| +2% | +$33.8K |
|
2846
Xtrackers MSCI Japan Hedged Equity ETF
DBJP
$704M
| $2.24M | ﹤0.01% |
30,199
-59,547
| -66% | -$4.48M |
|
2847
Broadstone Net Lease
BNL
$3.96B
| $2.24M | ﹤0.01% |
131,654
+19,190
| +17% | +$311K |
|
2848
Tompkins Financial
TMP
$1.41B
| $2.24M | ﹤0.01% |
35,507
+3,881
| +12% | +$260K |
|
|
IFN
2849
Aberdeen India Fund
IFN
$505M
| $2.24M | ﹤0.01% |
141,802
+16,877
| +14% | +$263K |
|
2850
RadNet
RDNT
$5.5B
| $2.24M | ﹤0.01% |
45,260
+38,942
| +616% | +$2.3M |
|
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.