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 | |
|---|---|---|---|---|---|---|
3201
National Presto Industries
NPK
$989M
| $1.51M | ﹤0.01% |
17,186
-4,070
| -19% | -$388K |
|
3202
United States Oil Fund
USO
$1.84B
| $1.51M | ﹤0.01% |
19,536
-4,453
| -19% | -$340K |
|
|
CHGX
3203
DELISTED
AXS Change Finance ESG ETF
CHGX
| $1.51M | ﹤0.01% |
40,925
-2,522
| -6% | -$96.9K |
|
3204
Federal Signal
FSS
$7.83B
| $1.5M | ﹤0.01% |
20,423
-675
| -3% | -$60.3K |
|
3205
Federal Agricultural Mortgage
AGM
$2.56B
| $1.5M | ﹤0.01% |
8,001
-792
| -9% | -$155K |
|
3206
iShares MSCI Indonesia ETF
EIDO
$501M
| $1.5M | ﹤0.01% |
92,035
-1,424
| -2% | -$24.9K |
|
3207
Hartford Large Cap Growth ETF
HFGO
$215M
| $1.5M | ﹤0.01% |
71,857
+53,769
| +297% | +$1.25M |
|
|
TMHC
3208
DELISTED
Taylor Morrison
TMHC
| $1.5M | ﹤0.01% |
24,942
-32,231
| -56% | -$2.01M |
|
3209
Invesco California Value Municipal Income Trust
VCV
$522M
| $1.5M | ﹤0.01% |
140,907
+20,290
| +17% | +$222K |
|
3210
Axalta
AXTA
$8.17B
| $1.49M | ﹤0.01% |
44,990
-37,390
| -45% | -$1.33M |
|
3211
ePlus
PLUS
$2.34B
| $1.49M | ﹤0.01% |
26,050
-6,634
| -20% | -$469K |
|
|
SBR
3212
Sabine Royalty Trust
SBR
$1.05B
| $1.49M | ﹤0.01% |
22,035
+3,062
| +16% | +$204K |
|
3213
Watts Water Technologies
WTS
$13.1B
| $1.49M | ﹤0.01% |
7,313
-146
| -2% | -$30.6K |
|
3214
Penske Automotive Group
PAG
$14.2B
| $1.49M | ﹤0.01% |
10,351
+713
| +7% | +$114K |
|
3215
Standex International
SXI
$4.12B
| $1.49M | ﹤0.01% |
9,232
+4,425
| +92% | +$811K |
|
3216
Lumen
LUMN
$6.44B
| $1.49M | ﹤0.01% |
380,016
+3,927
| +1% | +$19.6K |
|
|
MCN
3217
Madison Covered Call & Equity Strategy Fund
MCN
$118M
| $1.49M | ﹤0.01% |
242,701
+2,979
| +1% | +$19.2K |
|
|
BWG
3218
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$131M
| $1.49M | ﹤0.01% |
177,896
-7,818
| -4% | -$65.2K |
|
3219
Allegro MicroSystems
ALGM
$8.16B
| $1.48M | ﹤0.01% |
58,970
+19,471
| +49% | +$486K |
|
3220
Dimensional US Core Equity 1 ETF
DCOR
$3.44B
| $1.48M | ﹤0.01% |
24,108
+11,226
| +87% | +$723K |
|
3221
Valaris
VAL
$5.47B
| $1.48M | ﹤0.01% |
37,629
+16,307
| +76% | +$699K |
|
|
CIVI
3222
DELISTED
Civitas Resources
CIVI
| $1.48M | ﹤0.01% |
42,315
+7,606
| +22% | +$337K |
|
|
CNR
3223
Core Natural Resources Inc
CNR
$4.45B
| $1.48M | ﹤0.01% |
19,135
+3,302
| +21% | +$279K |
|
3224
Universal Corp
UVV
$1.27B
| $1.48M | ﹤0.01% |
26,319
+8,271
| +46% | +$441K |
|
3225
AllianzIM U.S. Equity Buffer20 Aug ETF
AUGW
$136M
| $1.47M | ﹤0.01% |
51,124
-913
| -2% | -$26.8K |
|
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.