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 | |
|---|---|---|---|---|---|---|
3451
Conductor Global Equity Value ETF
CGV
$134M
| $1.13M | ﹤0.01% |
90,168
-5,056
| -5% | -$63.9K |
|
3452
FT Vest US Small Cap Moderate Buffer ETF May
SMAY
$113M
| $1.13M | ﹤0.01% |
48,016
-6,651
| -12% | -$164K |
|
3453
Towne Bank
TOWN
$3.43B
| $1.13M | ﹤0.01% |
32,915
-14,532
| -31% | -$512K |
|
|
UMH
3454
UMH Properties
UMH
$1.36B
| $1.12M | ﹤0.01% |
60,125
-2,499
| -4% | -$45.5K |
|
3455
WPP
WPP
$5.92B
| $1.12M | ﹤0.01% |
29,564
-4,761
| -14% | -$212K |
|
3456
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
TLTD
$687M
| $1.12M | ﹤0.01% |
14,994
+2,108
| +16% | +$154K |
|
|
WINC
3457
DELISTED
Western Asset Short Duration Income ETF
WINC
| $1.12M | ﹤0.01% |
46,164
-48,017
| -51% | -$1.16M |
|
3458
First American
FAF
$7.62B
| $1.12M | ﹤0.01% |
17,013
-10,319
| -38% | -$653K |
|
3459
Amplify Cash Flow Dividend Leaders ETF
COWS
$41.5M
| $1.12M | ﹤0.01% |
+39,633
| New | +$1.16M |
|
|
XHR
3460
Xenia Hotels & Resorts
XHR
$1.8B
| $1.12M | ﹤0.01% |
94,918
+3,037
| +3% | +$42.3K |
|
3461
FT Vest US Equity Moderate Buffer ETF August
GAUG
$292M
| $1.12M | ﹤0.01% |
32,126
+12,099
| +60% | +$429K |
|
3462
Certara
CERT
$1.25B
| $1.12M | ﹤0.01% |
117,834
+5,210
| +5% | +$63.3K |
|
3463
Sweetgreen
SG
$637M
| $1.11M | ﹤0.01% |
44,546
-15,046
| -25% | -$415K |
|
3464
PUT
Tesla
TSLA
$1.29T
| $1.11M | ﹤0.01% |
4,300
+3,100
| +258% | +$1.03M |
|
3465
SFL Corp
SFL
$1.6B
| $1.11M | ﹤0.01% |
135,894
-32,349
| -19% | -$312K |
|
3466
Invesco CurrencyShares Swiss Franc Trust
FXF
$398M
| $1.11M | ﹤0.01% |
11,056
+8,459
| +326% | +$836K |
|
3467
WSFS Financial
WSFS
$4.15B
| $1.11M | ﹤0.01% |
21,321
+261
| +1% | +$14.1K |
|
|
UCB
3468
United Community Banks
UCB
$4.29B
| $1.11M | ﹤0.01% |
39,305
+744
| +2% | +$23.3K |
|
3469
Cavco Industries
CVCO
$4.53B
| $1.11M | ﹤0.01% |
2,127
+13
| +0.6% | +$6.54K |
|
|
OPRA
3470
Opera Ltd
OPRA
$1.77B
| $1.1M | ﹤0.01% |
69,238
+5,763
| +9% | +$107K |
|
3471
Simplify Volatility Premium ETF
SVOL
$528M
| $1.1M | ﹤0.01% |
60,669
-4,879
| -7% | -$99.2K |
|
3472
iShares ESG Screened S&P Small-Cap ETF
XJR
$190M
| $1.1M | ﹤0.01% |
29,291
-3,787
| -11% | -$153K |
|
|
FDIQ
3473
Invesco Bloomberg Financial Data Providers ETF
FDIQ
$50.5M
| $1.1M | ﹤0.01% |
19,590
-116
| -0.6% | -$6.96K |
|
|
EVM
3474
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
| $1.1M | ﹤0.01% |
118,631
+2,300
| +2% | +$21.5K |
|
3475
Cemex
CX
$16.3B
| $1.1M | ﹤0.01% |
195,620
+5,029
| +3% | +$30.4K |
|
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.