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 | |
|---|---|---|---|---|---|---|
3251
Park National Corp
PRK
$3.67B
| $1.43M | ﹤0.01% |
9,413
-741
| -7% | -$122K |
|
|
SEE
3252
DELISTED
Sealed Air
SEE
| $1.42M | ﹤0.01% |
49,260
+3,508
| +8% | +$115K |
|
|
SII
3253
Sprott
SII
$3.03B
| $1.42M | ﹤0.01% |
31,694
-346
| -1% | -$14.9K |
|
3254
iShares GNMA Bond ETF
GNMA
$423M
| $1.42M | ﹤0.01% |
32,311
-3,807
| -11% | -$165K |
|
3255
VanEck Natural Resources ETF
HAP
$310M
| $1.42M | ﹤0.01% |
28,458
-13,192
| -32% | -$639K |
|
|
KLG
3256
DELISTED
WK Kellogg Co
KLG
| $1.42M | ﹤0.01% |
71,025
+31,316
| +79% | +$571K |
|
3257
FT Vest International Equity Buffer ETF September
YSEP
$123M
| $1.41M | ﹤0.01% |
+62,201
| New | +$1.4M |
|
|
CPSA
3258
Calamos S&P 500 Structured Alt Protection ETF - August
CPSA
$42.2M
| $1.41M | ﹤0.01% |
56,749
+5,342
| +10% | +$134K |
|
3259
JPMorgan BetaBuilders MSCI US REIT ETF
BBRE
$1.27B
| $1.4M | ﹤0.01% |
14,942
+1,371
| +10% | +$130K |
|
3260
iShares BB Rated Corporate Bond ETF
HYBB
$428M
| $1.4M | ﹤0.01% |
30,340
+1,655
| +6% | +$76.8K |
|
3261
Perrigo
PRGO
$1.78B
| $1.4M | ﹤0.01% |
49,969
+12,231
| +32% | +$317K |
|
3262
Gentherm
THRM
$1.27B
| $1.4M | ﹤0.01% |
55,405
+3,293
| +6% | +$115K |
|
|
CSA
3263
DELISTED
VictoryShares US Small Cap Volatility Wtd ETF
CSA
| $1.4M | ﹤0.01% |
20,140
-77,267
| -79% | -$5.67M |
|
3264
Horace Mann Educators
HMN
$2.11B
| $1.4M | ﹤0.01% |
32,692
-5,453
| -14% | -$219K |
|
3265
Magnite
MGNI
$3.55B
| $1.4M | ﹤0.01% |
122,352
-7,251
| -6% | -$116K |
|
3266
Yeti Holdings
YETI
$3.95B
| $1.39M | ﹤0.01% |
42,135
+6,710
| +19% | +$243K |
|
3267
WIX.com
WIX
$2.52B
| $1.39M | ﹤0.01% |
8,525
+1,248
| +17% | +$259K |
|
3268
First Trust Nasdaq Transportation ETF
FTXR
$1.06B
| $1.39M | ﹤0.01% |
46,904
-3,046
| -6% | -$101K |
|
3269
First Trust Dorsey Wright Momentum & Value ETF
DVLU
$47.9M
| $1.39M | ﹤0.01% |
48,947
-932
| -2% | -$27.6K |
|
|
DMB
3270
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$196M
| $1.39M | ﹤0.01% |
131,351
+3,894
| +3% | +$41.2K |
|
3271
Symbotic
SYM
$5.22B
| $1.39M | ﹤0.01% |
68,531
+25,364
| +59% | +$648K |
|
|
EDF
3272
Virtus Stone Harbor Emerging Markets Income Fund
EDF
$171M
| $1.38M | ﹤0.01% |
273,283
+21,082
| +8% | +$107K |
|
3273
iShares MSCI Japan Value ETF
EWJV
$746M
| $1.38M | ﹤0.01% |
41,535
+4,080
| +11% | +$133K |
|
3274
PUT
Newmont
NEM
$119B
| $1.38M | ﹤0.01% |
+28,600
| New | +$1.26M |
|
3275
CVB Financial
CVBF
$3.99B
| $1.38M | ﹤0.01% |
74,717
+13,500
| +22% | +$269K |
|
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.