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 | |
|---|---|---|---|---|---|---|
3101
Franklin Emerging Market Core Dividend Tilt Index ETF
DIEM
$74.9M
| $1.7M | ﹤0.01% |
62,828
+15,717
| +33% | +$425K |
|
3102
iShares iBonds Dec 2033 Term Corporate ETF
IBDY
$1.09B
| $1.7M | ﹤0.01% |
66,453
+23,440
| +54% | +$593K |
|
|
AMTM
3103
Amentum Holdings
AMTM
$6.05B
| $1.69M | ﹤0.01% |
93,022
-25,760
| -22% | -$525K |
|
3104
Axos Financial
AX
$5.68B
| $1.69M | ﹤0.01% |
26,198
+695
| +3% | +$47.1K |
|
3105
First Trust Securitized Plus ETF
DEED
$64.5M
| $1.69M | ﹤0.01% |
79,957
+6,843
| +9% | +$143K |
|
3106
iShares Morningstar Multi-Asset Income ETF
IYLD
$126M
| $1.69M | ﹤0.01% |
84,156
+379
| +0.5% | +$7.57K |
|
3107
Applied Digital
APLD
$8.41B
| $1.68M | ﹤0.01% |
299,779
+118,877
| +66% | +$933K |
|
3108
Azenta
AZTA
$1.48B
| $1.68M | ﹤0.01% |
53,328
+2,986
| +6% | +$137K |
|
3109
CALL
Johnson Controls International
JCI
$92.2B
| $1.68M | ﹤0.01% |
+21,000
| New | +$1.73M |
|
3110
Grand Canyon Education
LOPE
$3.98B
| $1.68M | ﹤0.01% |
9,713
-43
| -0.4% | -$7.46K |
|
3111
Deutsche Bank
DB
$71.5B
| $1.68M | ﹤0.01% |
70,463
+41,028
| +139% | +$861K |
|
3112
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
XCCC
$273M
| $1.68M | ﹤0.01% |
44,282
+5,578
| +14% | +$218K |
|
3113
ProShares S&P 500 ex-Energy ETF
SPXE
$86.7M
| $1.67M | ﹤0.01% |
27,815
-3,146
| -10% | -$199K |
|
3114
JPMorgan Income ETF
JPIE
$10.2B
| $1.67M | ﹤0.01% |
36,232
-19,270
| -35% | -$884K |
|
|
SNV
3115
DELISTED
Synovus
SNV
| $1.66M | ﹤0.01% |
35,616
+1,902
| +6% | +$98.2K |
|
3116
Robert Half
RHI
$4.37B
| $1.66M | ﹤0.01% |
30,512
-5,042
| -14% | -$307K |
|
3117
Patrick Industries
PATK
$2.95B
| $1.66M | ﹤0.01% |
19,640
+3,698
| +23% | +$332K |
|
3118
PUT
iShares Russell 2000 ETF
IWM
$83B
| $1.66M | ﹤0.01% |
8,300
+6,200
| +295% | +$1.34M |
|
3119
Chemours
CC
$2.37B
| $1.65M | ﹤0.01% |
122,317
+53,520
| +78% | +$889K |
|
3120
Invesco Dorsey Wright Basic Materials Momentum ETF
PYZ
$77.8M
| $1.65M | ﹤0.01% |
19,524
-1,693
| -8% | -$151K |
|
3121
Acadia Healthcare
ACHC
$2.94B
| $1.65M | ﹤0.01% |
56,527
+697
| +1% | +$26.6K |
|
|
DHY
3122
Credit Suisse High Yield Credit Fund
DHY
$240M
| $1.65M | ﹤0.01% |
778,101
-33,353
| -4% | -$71.5K |
|
3123
John Hancock Preferred Income ETF
JHPI
$212M
| $1.65M | ﹤0.01% |
73,591
+62,520
| +565% | +$1.42M |
|
3124
First Bancorp
FBNC
$2.68B
| $1.65M | ﹤0.01% |
41,038
-6,769
| -14% | -$286K |
|
3125
Prudential
PUK
$35.2B
| $1.65M | ﹤0.01% |
76,542
+45,248
| +145% | +$810K |
|
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.