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 | |
|---|---|---|---|---|---|---|
3051
BlackRock TCP Capital
TCPC
$345M
| $1.79M | ﹤0.01% |
223,436
+16,693
| +8% | +$145K |
|
3052
BGC Group
BGC
$4.89B
| $1.79M | ﹤0.01% |
195,054
-15,505
| -7% | -$145K |
|
3053
FT Vest SMID Rising Dividend Achievers Target Income ETF
SDVD
$927M
| $1.79M | ﹤0.01% |
89,540
+61,254
| +217% | +$1.3M |
|
3054
Invesco DB Base Metals Fund
DBB
$315M
| $1.79M | ﹤0.01% |
93,170
+2,917
| +3% | +$56.2K |
|
3055
UFP Industries
UFPI
$5.19B
| $1.79M | ﹤0.01% |
16,678
+268
| +2% | +$29.9K |
|
3056
OppFi
OPFI
$803M
| $1.79M | ﹤0.01% |
191,948
+12,943
| +7% | +$144K |
|
3057
Floor & Decor
FND
$6.68B
| $1.78M | ﹤0.01% |
22,106
+2,138
| +11% | +$202K |
|
3058
iShares JPMorgan EM Corporate Bond ETF
CEMB
$405M
| $1.78M | ﹤0.01% |
39,290
+3,421
| +10% | +$154K |
|
3059
Rentokil
RTO
$12.2B
| $1.78M | ﹤0.01% |
77,514
-15,365
| -17% | -$371K |
|
3060
Distillate Small/Mid Cash Flow ETF
DSMC
$141M
| $1.77M | ﹤0.01% |
56,182
-5,785
| -9% | -$196K |
|
3061
Innovator Growth-100 Power Buffer ETF January
NJAN
$357M
| $1.77M | ﹤0.01% |
38,201
+1,580
| +4% | +$76K |
|
3062
Academy Sports + Outdoors
ASO
$2.98B
| $1.77M | ﹤0.01% |
38,831
-52,623
| -58% | -$2.7M |
|
|
CPZ
3063
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$268M
| $1.77M | ﹤0.01% |
113,746
-569
| -0.5% | -$8.79K |
|
3064
Invesco Dorsey Wright Energy Momentum ETF
PXI
$50.5M
| $1.77M | ﹤0.01% |
40,447
-6,771
| -14% | -$304K |
|
3065
Global X Gold Explorers ETF NEW
GOEX
$128M
| $1.77M | ﹤0.01% |
46,488
+26,597
| +134% | +$902K |
|
|
AGD
3066
abrdn Global Dynamic Dividend Fund
AGD
$320M
| $1.77M | ﹤0.01% |
177,254
+9,152
| +5% | +$93K |
|
3067
ProShares Inflation Expectations ETF
RINF
$18.3M
| $1.76M | ﹤0.01% |
53,941
+1,547
| +3% | +$51.1K |
|
3068
PUT
Berkshire Hathaway Class B
BRK.B
$1.13T
| $1.76M | ﹤0.01% |
3,300
+200
| +6% | +$97.2K |
|
3069
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$654M
| $1.76M | ﹤0.01% |
156,079
+43,932
| +39% | +$500K |
|
3070
Fidelity Momentum Factor ETF
FDMO
$958M
| $1.76M | ﹤0.01% |
26,987
+5,133
| +23% | +$358K |
|
3071
Piper Sandler
PIPR
$5.29B
| $1.76M | ﹤0.01% |
28,352
+5,884
| +26% | +$421K |
|
3072
Shake Shack
SHAK
$2.87B
| $1.75M | ﹤0.01% |
19,886
+829
| +4% | +$90K |
|
3073
Fidus Investment
FDUS
$772M
| $1.75M | ﹤0.01% |
85,985
+6,470
| +8% | +$142K |
|
3074
Morningstar
MORN
$7.53B
| $1.75M | ﹤0.01% |
5,836
+744
| +15% | +$234K |
|
3075
iShares US Tech Breakthrough Multisector ETF
TECB
$489M
| $1.75M | ﹤0.01% |
35,727
-64,788
| -64% | -$3.45M |
|
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.