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 | |
|---|---|---|---|---|---|---|
2976
Goldman Sachs BDC
GSBD
$1.1B
| $1.97M | ﹤0.01% |
169,397
+25,062
| +17% | +$313K |
|
2977
EA Bridgeway Omni Small-Cap Value ETF
BSVO
$2.46B
| $1.97M | ﹤0.01% |
101,341
+3,952
| +4% | +$82.9K |
|
2978
RH
RH
$3.71B
| $1.97M | ﹤0.01% |
8,396
-745
| -8% | -$258K |
|
2979
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
$1.18B
| $1.97M | ﹤0.01% |
74,335
-62,114
| -46% | -$1.62M |
|
2980
Nuveen Select Tax-Free Income Portfolio
NXP
$900M
| $1.97M | ﹤0.01% |
136,860
+31,119
| +29% | +$458K |
|
2981
Zacks Small/Mid Cap ETF
SMIZ
$279M
| $1.96M | ﹤0.01% |
64,814
+32,354
| +100% | +$1.06M |
|
2982
Unifirst Corp
UNF
$5.25B
| $1.96M | ﹤0.01% |
11,269
+346
| +3% | +$72.2K |
|
2983
ARK 21Shares Bitcoin ETF
ARKB
$2.48B
| $1.96M | ﹤0.01% |
71,505
-2,046
| -3% | -$63.4K |
|
2984
American Beacon GLG Natural Resources ETF
MGNR
$892M
| $1.96M | ﹤0.01% |
65,669
+14,755
| +29% | +$456K |
|
|
OEFA
2985
ALPS O'Shares International Developed Quality Dividend ETF
OEFA
$37.7M
| $1.95M | ﹤0.01% |
64,801
-3,373
| -5% | -$100K |
|
2986
WisdomTree Japan SmallCap Dividend Fund
DFJ
$400M
| $1.95M | ﹤0.01% |
24,592
+410
| +2% | +$31.6K |
|
2987
American Financial Group
AFG
$12.1B
| $1.95M | ﹤0.01% |
14,821
+7,975
| +116% | +$1.03M |
|
|
INFA
2988
DELISTED
Informatica
INFA
| $1.94M | ﹤0.01% |
117,203
+9,759
| +9% | +$214K |
|
|
GGN
2989
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$819M
| $1.94M | ﹤0.01% |
444,476
-4,943
| -1% | -$20.4K |
|
|
MSD
2990
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
| $1.94M | ﹤0.01% |
241,135
+41,126
| +21% | +$331K |
|
2991
First Trust Alerian US NextGen Infrastructure ETF
RBLD
$57.6M
| $1.93M | ﹤0.01% |
29,398
+6,862
| +30% | +$466K |
|
2992
Aramark
ARMK
$14.7B
| $1.93M | ﹤0.01% |
55,954
+3,143
| +6% | +$116K |
|
2993
RenaissanceRe
RNR
$13.4B
| $1.93M | ﹤0.01% |
8,035
+910
| +13% | +$220K |
|
2994
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
| $1.93M | ﹤0.01% |
179,861
+20,960
| +13% | +$227K |
|
2995
MarketAxess Holdings
MKTX
$5.72B
| $1.92M | ﹤0.01% |
8,874
+3,180
| +56% | +$668K |
|
2996
United States Natural Gas Fund
UNG
$455M
| $1.91M | ﹤0.01% |
88,534
-162,738
| -65% | -$3.21M |
|
2997
Itaú Unibanco
ITUB
$87.5B
| $1.91M | ﹤0.01% |
357,898
-64,976
| -15% | -$327K |
|
2998
VanEck Long/Flat Trend ETF
LFEQ
$29.2M
| $1.91M | ﹤0.01% |
40,385
-1,539
| -4% | -$76.4K |
|
2999
InMode
INMD
$880M
| $1.91M | ﹤0.01% |
107,672
+56,337
| +110% | +$1.01M |
|
3000
ArcelorMittal
MT
$55.3B
| $1.91M | ﹤0.01% |
66,181
-11,178
| -14% | -$308K |
|
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.