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 | |
|---|---|---|---|---|---|---|
2951
PUT
APA Corp
APA
$13.3B
| $2.01M | ﹤0.01% |
+95,400
| New | +$2.1M |
|
|
GOOD
2952
Gladstone Commercial Corp
GOOD
$627M
| $2M | ﹤0.01% |
133,525
+16,198
| +14% | +$255K |
|
2953
Host Hotels & Resorts
HST
$16B
| $2M | ﹤0.01% |
140,729
+7,299
| +5% | +$118K |
|
2954
Elastic
ESTC
$7.77B
| $2M | ﹤0.01% |
22,413
-3,419
| -13% | -$355K |
|
|
AZEK
2955
DELISTED
The AZEK Co
AZEK
| $2M | ﹤0.01% |
40,832
+3,585
| +10% | +$170K |
|
2956
U-Haul Holding Co Series N
UHAL.B
$12.8B
| $2M | ﹤0.01% |
33,731
-4,972
| -13% | -$311K |
|
2957
ProShares Short Russell2000
RWM
$130M
| $2M | ﹤0.01% |
96,171
+74,419
| +342% | +$1.43M |
|
|
NCZ
2958
Virtus Convertible & Income Fund II
NCZ
$301M
| $1.99M | ﹤0.01% |
172,458
+24,320
| +16% | +$304K |
|
|
ABFL
2959
Abacus FCF Leaders ETF
ABFL
$536M
| $1.99M | ﹤0.01% |
31,148
-580
| -2% | -$39.1K |
|
2960
Goodyear
GT
$1.88B
| $1.99M | ﹤0.01% |
215,185
-1,581
| -0.7% | -$14.5K |
|
2961
First Trust DorseyWright DALI 1 ETF
DALI
$100M
| $1.99M | ﹤0.01% |
82,980
-3,282
| -4% | -$84.9K |
|
|
JPI
2962
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
| $1.98M | ﹤0.01% |
100,883
-1,164
| -1% | -$23.2K |
|
2963
Brinker International
EAT
$9.7B
| $1.98M | ﹤0.01% |
13,311
+2,743
| +26% | +$422K |
|
2964
QuantumScape Corp
QS
$3.7B
| $1.98M | ﹤0.01% |
476,632
-58,965
| -11% | -$291K |
|
2965
Perion Network
PERI
$389M
| $1.98M | ﹤0.01% |
243,563
+6,649
| +3% | +$58K |
|
2966
WesBanco
WSBC
$4B
| $1.98M | ﹤0.01% |
64,023
+19,836
| +45% | +$662K |
|
2967
Calumet Specialty Products
CLMT
$3.43B
| $1.98M | ﹤0.01% |
156,157
-2,617
| -2% | -$41.1K |
|
2968
Timothy Plan International ETF
TPIF
$260M
| $1.98M | ﹤0.01% |
68,816
+17,916
| +35% | +$501K |
|
2969
Delek Logistics
DKL
$3.03B
| $1.98M | ﹤0.01% |
45,721
+1,274
| +3% | +$54.2K |
|
|
ISD
2970
PGIM High Yield Bond Fund
ISD
$418M
| $1.97M | ﹤0.01% |
138,543
+2,123
| +2% | +$29.8K |
|
2971
Kingstone Companies
KINS
$283M
| $1.97M | ﹤0.01% |
118,436
+45,686
| +63% | +$730K |
|
2972
First Trust Dorsey Wright Momentum & Low Volatility ETF
DVOL
$73.9M
| $1.97M | ﹤0.01% |
55,463
+15,541
| +39% | +$545K |
|
2973
Erie Indemnity
ERIE
$13.4B
| $1.97M | ﹤0.01% |
4,704
-190
| -4% | -$77.5K |
|
|
EVN
2974
Eaton Vance Municipal Income Trust
EVN
$429M
| $1.97M | ﹤0.01% |
192,051
+40,171
| +26% | +$419K |
|
2975
Davis Select International ETF
DINT
$295M
| $1.97M | ﹤0.01% |
85,262
-6,316
| -7% | -$144K |
|
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.