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 | |
|---|---|---|---|---|---|---|
3126
Dycom Industries
DY
$12.3B
| $1.64M | ﹤0.01% |
10,798
+685
| +7% | +$118K |
|
3127
Nuveen Real Estate Income Fund
JRS
$246M
| $1.64M | ﹤0.01% |
199,320
+20,226
| +11% | +$172K |
|
3128
Smith & Nephew
SNN
$12.6B
| $1.64M | ﹤0.01% |
57,828
-698
| -1% | -$18.7K |
|
3129
Apple Hospitality REIT
APLE
$3.82B
| $1.64M | ﹤0.01% |
127,010
+10,219
| +9% | +$149K |
|
|
SDHY
3130
PGIM Short Duration High Yield Opportunities Fund
SDHY
$401M
| $1.63M | ﹤0.01% |
98,876
+31,377
| +46% | +$518K |
|
3131
FT Vest US Equity Moderate Buffer ETF December
GDEC
$444M
| $1.63M | ﹤0.01% |
49,154
+2,120
| +5% | +$71.8K |
|
3132
Itron
ITRI
$4.54B
| $1.63M | ﹤0.01% |
15,529
+3,319
| +27% | +$348K |
|
3133
Sanmina
SANM
$10.9B
| $1.62M | ﹤0.01% |
21,331
+4,174
| +24% | +$339K |
|
|
TPC
3134
Tutor Perini Cor
TPC
$5.21B
| $1.62M | ﹤0.01% |
70,029
+25,045
| +56% | +$618K |
|
3135
PIMCO Enhanced Short Maturity Active ESG ETF
EMNT
$212M
| $1.62M | ﹤0.01% |
16,416
-22,308
| -58% | -$2.2M |
|
3136
Magna International
MGA
$18.8B
| $1.62M | ﹤0.01% |
47,663
-21,196
| -31% | -$814K |
|
3137
Alpha Metallurgical Resources
AMR
$1.93B
| $1.62M | ﹤0.01% |
+12,915
| New | +$2.1M |
|
3138
Artisan Partners
APAM
$3.02B
| $1.62M | ﹤0.01% |
41,341
-2,118
| -5% | -$89.7K |
|
3139
Inspire Medical Systems
INSP
$1.74B
| $1.61M | ﹤0.01% |
10,126
+315
| +3% | +$57K |
|
3140
FT Vest US Equity Enhance & Moderate Buffer ETF June
XJUN
$139M
| $1.61M | ﹤0.01% |
41,888
+10,629
| +34% | +$413K |
|
3141
Littelfuse
LFUS
$11.6B
| $1.61M | ﹤0.01% |
9,433
+367
| +4% | +$84K |
|
3142
WBI BullBear Value 3000 ETF
WBIF
$23.4M
| $1.61M | ﹤0.01% |
56,015
-9,289
| -14% | -$273K |
|
3143
Pacer Data and Digital Revolution ETF
TRFK
$1.01B
| $1.61M | ﹤0.01% |
36,170
+1,453
| +4% | +$72.9K |
|
3144
Xtrackers MSCI USA ESG Leaders Equity ETF
USSG
$590M
| $1.61M | ﹤0.01% |
31,944
+878
| +3% | +$47K |
|
3145
MKS Inc
MKSI
$20.6B
| $1.61M | ﹤0.01% |
20,068
-5,077
| -20% | -$513K |
|
3146
Euronet Worldwide
EEFT
$2.7B
| $1.61M | ﹤0.01% |
15,040
-622
| -4% | -$63.1K |
|
|
SNDK
3147
Sandisk
SNDK
$177B
| $1.6M | ﹤0.01% |
+33,659
| New | +$1.67M |
|
3148
BondBloxx USD High Yield Bond Sector Rotation ETF
HYSA
$65.4M
| $1.6M | ﹤0.01% |
106,556
+487
| +0.5% | +$7.35K |
|
3149
Asbury Automotive
ABG
$3.85B
| $1.6M | ﹤0.01% |
7,242
+2,604
| +56% | +$680K |
|
|
PML
3150
PIMCO Municipal Income Fund II
PML
$493M
| $1.6M | ﹤0.01% |
197,238
+121,269
| +160% | +$1.01M |
|
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.