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 | |
|---|---|---|---|---|---|---|
2851
Avantis Emerging Markets Value ETF
AVES
$1.48B
| $2.24M | ﹤0.01% |
47,399
+7,436
| +19% | +$348K |
|
2852
Trustmark
TRMK
$2.8B
| $2.24M | ﹤0.01% |
64,802
+415
| +0.6% | +$14.8K |
|
2853
Dimensional International High Profitability ETF
DIHP
$6.47B
| $2.23M | ﹤0.01% |
82,960
+1,434
| +2% | +$38.3K |
|
2854
Philips
PHG
$25.7B
| $2.23M | ﹤0.01% |
95,028
-12,977
| -12% | -$318K |
|
2855
FT Vest Growth-100 Buffer ETF March
QMAR
$575M
| $2.23M | ﹤0.01% |
78,901
+4,546
| +6% | +$135K |
|
2856
AppFolio
APPF
$6.82B
| $2.23M | ﹤0.01% |
10,279
+5,832
| +131% | +$1.34M |
|
2857
AllianzIM U.S. Equity Buffer20 Jul ETF
JULW
$251M
| $2.23M | ﹤0.01% |
64,600
-1,480
| -2% | -$52.1K |
|
2858
NewMarket
NEU
$8.24B
| $2.23M | ﹤0.01% |
3,929
-216
| -5% | -$114K |
|
2859
Celanese
CE
$4.88B
| $2.23M | ﹤0.01% |
39,204
-7,681
| -16% | -$480K |
|
|
EMO
2860
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.03B
| $2.22M | ﹤0.01% |
44,689
+1,272
| +3% | +$62.3K |
|
2861
Natural Resource Partners
NRP
$1.39B
| $2.21M | ﹤0.01% |
21,307
-3,499
| -14% | -$366K |
|
|
EAD
2862
Allspring Income Opportunities Fund
EAD
$377M
| $2.21M | ﹤0.01% |
323,362
-13,838
| -4% | -$96.4K |
|
2863
PUT
Palantir
PLTR
$375B
| $2.21M | ﹤0.01% |
26,200
+13,000
| +98% | +$1.14M |
|
2864
WBI BullBear Yield 3000 ETF
WBIG
$31.7M
| $2.21M | ﹤0.01% |
97,353
-16,893
| -15% | -$402K |
|
2865
Aptus Enhanced Yield ETF
JUCY
$317M
| $2.21M | ﹤0.01% |
96,800
-9,712
| -9% | -$222K |
|
2866
BrandywineGLOBAL Dynamic US Large Cap Value ETF
DVAL
$72M
| $2.21M | ﹤0.01% |
163,402
-8,690
| -5% | -$120K |
|
2867
Sabra Healthcare REIT
SBRA
$5.34B
| $2.21M | ﹤0.01% |
126,268
+957
| +0.8% | +$16.1K |
|
|
FLC
2868
Flaherty & Crumrine Total Return Fund
FLC
$175M
| $2.2M | ﹤0.01% |
131,387
-40
| -0% | -$677 |
|
2869
Alliance Resource Partners
ARLP
$3.27B
| $2.2M | ﹤0.01% |
80,797
+6,810
| +9% | +$182K |
|
2870
Touchstone Ultra Short Income ETF
TUSI
$598M
| $2.2M | ﹤0.01% |
87,003
+31,310
| +56% | +$794K |
|
|
DMO
2871
Western Asset Mortgage Opportunity Fund
DMO
$119M
| $2.2M | ﹤0.01% |
186,055
+97,825
| +111% | +$1.15M |
|
2872
Global Net Lease
GNL
$1.9B
| $2.2M | ﹤0.01% |
273,396
-6,875
| -2% | -$51.7K |
|
2873
FT Vest US Equity Deep Buffer ETF November
DNOV
$400M
| $2.2M | ﹤0.01% |
52,394
+4,764
| +10% | +$205K |
|
2874
Acushnet Holdings
GOLF
$5.35B
| $2.19M | ﹤0.01% |
31,960
+6,549
| +26% | +$444K |
|
2875
Wendy's
WEN
$1.41B
| $2.19M | ﹤0.01% |
149,925
+33,622
| +29% | +$506K |
|
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.