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 | |
|---|---|---|---|---|---|---|
3576
First Interstate BancSystem
FIBK
$3.58B
| $984K | ﹤0.01% |
34,354
-3,205
| -9% | -$99.3K |
|
|
BSL
3577
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$170M
| $983K | ﹤0.01% |
69,584
+9,344
| +16% | +$133K |
|
3578
Biohaven
BHVN
$2.15B
| $980K | ﹤0.01% |
40,779
-1,411
| -3% | -$49.8K |
|
3579
Stewart Information Services
STC
$2.1B
| $976K | ﹤0.01% |
13,681
+2,520
| +23% | +$171K |
|
3580
Pegasystems
PEGA
$5.2B
| $975K | ﹤0.01% |
28,056
+6,066
| +28% | +$268K |
|
3581
Innovator International Developed Power Buffer ETF January
IJAN
$263M
| $975K | ﹤0.01% |
30,487
+3,702
| +14% | +$117K |
|
3582
Innovator US Equity Ultra Buffer ETF June
UJUN
$188M
| $974K | ﹤0.01% |
29,390
+6,303
| +27% | +$214K |
|
3583
Bread Financial
BFH
$4.46B
| $973K | ﹤0.01% |
19,433
-19,764
| -50% | -$1.12M |
|
|
DEA
3584
Easterly Government Properties
DEA
$1.18B
| $972K | ﹤0.01% |
36,664
-17,926
| -33% | -$493K |
|
3585
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$113M
| $970K | ﹤0.01% |
32,334
+1,722
| +6% | +$50.4K |
|
3586
HCI Group
HCI
$2.27B
| $969K | ﹤0.01% |
6,495
-619
| -9% | -$78.5K |
|
3587
Burford Capital
BUR
$933M
| $969K | ﹤0.01% |
73,375
-2,983
| -4% | -$41.9K |
|
3588
PUT
Salesforce
CRM
$152B
| $966K | ﹤0.01% |
3,600
+400
| +13% | +$124K |
|
3589
Innovator US Equity Ultra Buffer ETF August
UAUG
$164M
| $966K | ﹤0.01% |
27,901
+10,150
| +57% | +$362K |
|
3590
Strive US Semiconductor ETF
SHOC
$240M
| $966K | ﹤0.01% |
24,328
+1,735
| +8% | +$78.5K |
|
3591
CGI
GIB
$15.3B
| $964K | ﹤0.01% |
9,661
-746
| -7% | -$81.8K |
|
|
MMU
3592
Western Asset Managed Municipals Fund
MMU
$548M
| $963K | ﹤0.01% |
93,623
+19,397
| +26% | +$201K |
|
|
MCI
3593
Barings Corporate Investors
MCI
$343M
| $962K | ﹤0.01% |
41,038
+28,022
| +215% | +$590K |
|
3594
Graham Corp
GHM
$1.22B
| $960K | ﹤0.01% |
33,294
+14,979
| +82% | +$568K |
|
3595
Blackbaud
BLKB
$2.08B
| $959K | ﹤0.01% |
15,462
+2,557
| +20% | +$182K |
|
3596
WisdomTree Bitcoin Fund
BTCW
$139M
| $959K | ﹤0.01% |
10,986
+6,017
| +121% | +$594K |
|
|
LOUP
3597
Innovator Deepwater Frontier Tech ETF
LOUP
$211M
| $958K | ﹤0.01% |
21,094
+13,965
| +196% | +$763K |
|
3598
Reynolds Consumer Products
REYN
$5.55B
| $951K | ﹤0.01% |
39,875
-1,966
| -5% | -$49.6K |
|
|
TWFG
3599
TWFG Inc
TWFG
$372M
| $950K | ﹤0.01% |
30,729
-442
| -1% | -$13.3K |
|
|
EOT
3600
Eaton Vance National Municipal Opportunities Trust
EOT
$273M
| $949K | ﹤0.01% |
57,015
+10,559
| +23% | +$177K |
|
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.