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 | |
|---|---|---|---|---|---|---|
3426
RingCentral
RNG
$5.28B
| $1.17M | ﹤0.01% |
47,316
-21,113
| -31% | -$659K |
|
3427
Bank of Hawaii
BOH
$3.13B
| $1.17M | ﹤0.01% |
16,935
-792
| -4% | -$56.3K |
|
3428
PENN Entertainment
PENN
$2.7B
| $1.17M | ﹤0.01% |
71,536
-3,281
| -4% | -$64.1K |
|
3429
iShares Global Timber & Forestry ETF
WOOD
$274M
| $1.16M | ﹤0.01% |
15,441
+556
| +4% | +$43.5K |
|
3430
Middleby
MIDD
$6.08B
| $1.16M | ﹤0.01% |
7,657
+1,766
| +30% | +$277K |
|
3431
Innovator Buffer Step-Up Strategy ETF
BSTP
$61.3M
| $1.16M | ﹤0.01% |
35,937
-8,717
| -20% | -$291K |
|
3432
iShares 1-3 Year International Treasury Bond ETF
ISHG
$832M
| $1.16M | ﹤0.01% |
16,502
+3,191
| +24% | +$219K |
|
3433
ALPS Smith Core Plus Bond ETF
SMTH
$2.99B
| $1.16M | ﹤0.01% |
44,747
+9,746
| +28% | +$250K |
|
3434
NIO
NIO
$11.9B
| $1.15M | ﹤0.01% |
302,840
+38,000
| +14% | +$167K |
|
3435
Terreno Realty
TRNO
$7.49B
| $1.15M | ﹤0.01% |
18,212
-1,081
| -6% | -$70.1K |
|
3436
Toews Agility Shares Dynamic Tactical Income ETF
THY
$87.6M
| $1.15M | ﹤0.01% |
52,389
-2,076
| -4% | -$46.3K |
|
3437
Fidelity Corporate Bond ETF
FCOR
$349M
| $1.15M | ﹤0.01% |
24,456
+5,322
| +28% | +$248K |
|
3438
ZIM Integrated Shipping Services
ZIM
$3.24B
| $1.15M | ﹤0.01% |
78,629
-72,382
| -48% | -$1.36M |
|
3439
TTM Technologies
TTMI
$14.5B
| $1.15M | ﹤0.01% |
55,927
+29,930
| +115% | +$723K |
|
3440
Twist Bioscience
TWST
$7.25B
| $1.14M | ﹤0.01% |
29,150
-20,732
| -42% | -$934K |
|
3441
US Global GO Gold and Precious Metal Miners ETF
GOAU
$197M
| $1.14M | ﹤0.01% |
45,573
+8,676
| +24% | +$190K |
|
3442
Colterpoint Net Lease Real Estate ETF
NETL
$54.3M
| $1.14M | ﹤0.01% |
45,555
-1,597
| -3% | -$38.6K |
|
3443
3D Systems Corp
DDD
$613M
| $1.14M | ﹤0.01% |
537,474
+108,082
| +25% | +$367K |
|
3444
Kaiser Aluminum
KALU
$3.02B
| $1.14M | ﹤0.01% |
18,763
+2,628
| +16% | +$184K |
|
|
INEQ
3445
Columbia International Equity Income ETF
INEQ
$105M
| $1.14M | ﹤0.01% |
35,085
+15,827
| +82% | +$495K |
|
3446
FlexShares Core Select Bond Fund
BNDC
$170M
| $1.14M | ﹤0.01% |
51,125
+12,633
| +33% | +$277K |
|
|
RMM
3447
RiverNorth Managed Duration Municipal Income Fund
RMM
$290M
| $1.13M | ﹤0.01% |
79,174
+150
| +0.2% | +$2.22K |
|
3448
iShares Investment Grade Corporate Bond BuyWrite Strategy ETF
LQDW
$306M
| $1.13M | ﹤0.01% |
43,115
+13,621
| +46% | +$358K |
|
|
ZHOG
3449
F/M Opportunistic Income ETF
ZHOG
$46.5M
| $1.13M | ﹤0.01% |
21,850
+4,869
| +29% | +$252K |
|
3450
CALL
Pfizer
PFE
$153B
| $1.13M | ﹤0.01% |
44,500
+20,100
| +82% | +$526K |
|
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.