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 | |
|---|---|---|---|---|---|---|
276
Alerian MLP ETF
AMLP
$12.9B
| $168M | 0.07% |
3,238,970
+437,947
| +16% | +$22.5M |
|
277
SPDR Gold MiniShares Trust
GLDM
$27.9B
| $168M | 0.07% |
2,715,752
+518,772
| +24% | +$29.5M |
|
278
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.4B
| $167M | 0.07% |
1,808,688
+326,633
| +22% | +$29.8M |
|
279
ServiceNow
NOW
$114B
| $166M | 0.06% |
1,044,615
+60,500
| +6% | +$11.7M |
|
280
Invesco Ultra Short Duration ETF
GSY
$3.86B
| $166M | 0.06% |
3,317,876
+741,703
| +29% | +$37.2M |
|
281
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
| $166M | 0.06% |
1,604,696
+65,726
| +4% | +$6.7M |
|
282
First Trust Dow Jones Internet Index Fund ETF
FDN
$5B
| $166M | 0.06% |
745,689
+16,573
| +2% | +$4.08M |
|
283
Vanguard S&P 500 Growth ETF
VOOG
$25.5B
| $166M | 0.06% |
2,970,180
-103,074
| -3% | -$6.25M |
|
284
VanEck Gold Miners ETF
GDX
$23.5B
| $165M | 0.06% |
3,594,251
+80,785
| +2% | +$3.27M |
|
285
Eaton
ETN
$150B
| $165M | 0.06% |
609,157
+68,396
| +13% | +$21.3M |
|
286
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.6B
| $165M | 0.06% |
3,942,327
-449,367
| -10% | -$18.7M |
|
287
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$19.2B
| $165M | 0.06% |
674,157
-8,448
| -1% | -$2.2M |
|
288
Vanguard Morningstar Mid-Cap Value ETF
VOE
$23.8B
| $165M | 0.06% |
1,026,625
-21,502
| -2% | -$3.52M |
|
289
Vanguard Extended Market ETF
VXF
$30.4B
| $164M | 0.06% |
949,158
+17,526
| +2% | +$3.32M |
|
290
FT Vest Rising Dividend Achievers Target Income ETF
RDVI
$3.56B
| $163M | 0.06% |
6,889,305
+912,535
| +15% | +$22.5M |
|
291
Uber
UBER
$143B
| $161M | 0.06% |
2,209,050
+247,830
| +13% | +$17.9M |
|
292
Blackstone
BX
$102B
| $160M | 0.06% |
1,145,835
+77,916
| +7% | +$12.6M |
|
293
Wells Fargo
WFC
$258B
| $160M | 0.06% |
2,225,347
+52,194
| +2% | +$3.92M |
|
294
iShares Russell 3000 ETF
IWV
$19.5B
| $159M | 0.06% |
501,659
+6,130
| +1% | +$2.06M |
|
295
AB Ultra Short Income ETF
YEAR
$1.51B
| $159M | 0.06% |
3,145,456
+194,220
| +7% | +$9.8M |
|
296
iShares Semiconductor ETF
SOXX
$41.7B
| $159M | 0.06% |
843,995
+57,350
| +7% | +$12.2M |
|
297
iShares MSCI Intl Quality Factor ETF
IQLT
$13.9B
| $158M | 0.06% |
3,988,406
+49,817
| +1% | +$1.96M |
|
298
Vanguard Consumer Staples ETF
VDC
$8B
| $157M | 0.06% |
717,749
+14,085
| +2% | +$3.04M |
|
299
Vanguard Real Estate ETF
VNQ
$39.4B
| $157M | 0.06% |
1,732,679
+83,213
| +5% | +$7.55M |
|
300
Adobe
ADBE
$98.5B
| $154M | 0.06% |
402,934
-42,019
| -9% | -$18M |
|
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.