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 | |
|---|---|---|---|---|---|---|
3001
Franklin Investment Grade Corporate ETF
FLCO
$556M
| $1.91M | ﹤0.01% |
88,984
-14,271
| -14% | -$303K |
|
3002
Invesco Dorsey Wright Emerging Markets Momentum ETF
PIE
$251M
| $1.91M | ﹤0.01% |
104,800
-8,146
| -7% | -$154K |
|
3003
Commercial Metals
CMC
$8.31B
| $1.9M | ﹤0.01% |
41,232
-251
| -0.6% | -$12.2K |
|
3004
NMI Holdings
NMIH
$3.36B
| $1.89M | ﹤0.01% |
52,321
+2,359
| +5% | +$85.8K |
|
3005
Quantum Computing Inc
QUBT
$2.07B
| $1.89M | ﹤0.01% |
235,628
+161,582
| +218% | +$1.42M |
|
3006
SK Telecom
SKM
$13.2B
| $1.89M | ﹤0.01% |
88,665
+13,070
| +17% | +$282K |
|
|
PAXS
3007
PIMCO Access Income Fund
PAXS
$674M
| $1.88M | ﹤0.01% |
117,234
-7,132
| -6% | -$114K |
|
3008
WisdomTree International Efficient Core Fund
NTSI
$507M
| $1.88M | ﹤0.01% |
49,562
+8,642
| +21% | +$323K |
|
3009
Cheesecake Factory
CAKE
$5.33B
| $1.88M | ﹤0.01% |
38,646
+4,692
| +14% | +$240K |
|
3010
Enovis
ENOV
$1.53B
| $1.87M | ﹤0.01% |
48,949
+14,013
| +40% | +$595K |
|
3011
Kilroy Realty
KRC
$4.42B
| $1.87M | ﹤0.01% |
57,091
+4,345
| +8% | +$156K |
|
3012
Farmers National Banc Corp
FMNB
$929M
| $1.87M | ﹤0.01% |
143,039
-3,576
| -2% | -$48.9K |
|
3013
KT
KT
$8.81B
| $1.87M | ﹤0.01% |
105,345
+24,056
| +30% | +$415K |
|
3014
Aptus Behavioral Momentum ETF
ADME
$303M
| $1.86M | ﹤0.01% |
41,907
+273
| +0.7% | +$12.8K |
|
3015
FT Vest US Equity Deep Buffer ETF April
DAPR
$313M
| $1.86M | ﹤0.01% |
49,982
+6,254
| +14% | +$235K |
|
3016
Dr. Reddy's Laboratories
RDY
$10.2B
| $1.86M | ﹤0.01% |
140,918
+12,792
| +10% | +$177K |
|
3017
MSC Industrial Direct
MSM
$6.86B
| $1.85M | ﹤0.01% |
23,782
+2,188
| +10% | +$175K |
|
3018
Invesco DB Energy Fund
DBE
$85.3M
| $1.84M | ﹤0.01% |
94,132
+12,335
| +15% | +$237K |
|
|
NXC
3019
DELISTED
Nuveen CA Select Tax-Free Income Portfolio
NXC
| $1.84M | ﹤0.01% |
139,862
-1,930
| -1% | -$25.3K |
|
3020
Dorian LPG
LPG
$1.96B
| $1.84M | ﹤0.01% |
82,506
-23,208
| -22% | -$538K |
|
3021
Invesco Bloomberg Analyst Rating Improvers ETF
UPGD
$121M
| $1.84M | ﹤0.01% |
26,269
+18,023
| +219% | +$1.28M |
|
3022
Invesco DB Oil Fund
DBO
$366M
| $1.84M | ﹤0.01% |
128,322
-56,090
| -30% | -$806K |
|
3023
Innovator US Equity Buffer ETF December
BDEC
$222M
| $1.83M | ﹤0.01% |
43,779
+546
| +1% | +$23.6K |
|
3024
Amplify Video Game Tech ETF
GAMR
$40.2M
| $1.83M | ﹤0.01% |
27,641
-285
| -1% | -$19.6K |
|
3025
JPMorgan Inflation Managed Bond ETF
JCPI
$871M
| $1.83M | ﹤0.01% |
38,041
+20,399
| +116% | +$966K |
|
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.