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 | |
|---|---|---|---|---|---|---|
|
IDE
3651
Voya Infrastructure, Industrials and Materials Fund
IDE
$197M
| $896K | ﹤0.01% |
84,649
-3,509
| -4% | -$36.7K |
|
3652
StepStone Group
STEP
$4.07B
| $895K | ﹤0.01% |
17,142
+65
| +0.4% | +$3.82K |
|
3653
PUT
IBM
IBM
$219B
| $895K | ﹤0.01% |
3,600
-2,100
| -37% | -$514K |
|
3654
Freshworks
FRSH
$3.22B
| $895K | ﹤0.01% |
63,419
+19,942
| +46% | +$334K |
|
|
EMTL
3655
DELISTED
State Street DoubleLine Emerging Markets Fixed Income ETF
EMTL
| $894K | ﹤0.01% |
20,739
-1,900
| -8% | -$81K |
|
3656
Weatherford International
WFRD
$6.52B
| $892K | ﹤0.01% |
16,663
-5,692
| -25% | -$361K |
|
3657
SGI US Large Cap Core ETF
SGLC
$212M
| $892K | ﹤0.01% |
28,676
-5,371
| -16% | -$177K |
|
3658
CNO Financial Group
CNO
$5.12B
| $891K | ﹤0.01% |
21,401
+2,722
| +15% | +$109K |
|
3659
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.75B
| $889K | ﹤0.01% |
12,012
-5,676
| -32% | -$420K |
|
3660
Leuthold Core ETF
LCR
$68.5M
| $887K | ﹤0.01% |
25,877
-14,187
| -35% | -$493K |
|
3661
Dropbox
DBX
$8.09B
| $886K | ﹤0.01% |
33,173
+8,667
| +35% | +$252K |
|
3662
MakeMyTrip
MMYT
$5.64B
| $882K | ﹤0.01% |
9,000
-4,462
| -33% | -$460K |
|
3663
Woodside Energy
WDS
$43B
| $882K | ﹤0.01% |
60,843
+3,605
| +6% | +$54.8K |
|
3664
Tenaris
TS
$26.7B
| $881K | ﹤0.01% |
22,529
+489
| +2% | +$18.8K |
|
3665
Barron's 400 ETF
BFOR
$239M
| $881K | ﹤0.01% |
50,724
-3,052
| -6% | -$55.8K |
|
3666
Trinity Industries
TRN
$2.56B
| $880K | ﹤0.01% |
31,363
-1,103
| -3% | -$37K |
|
3667
Innovator US Equity Ultra Buffer ETF May
UMAY
$141M
| $879K | ﹤0.01% |
26,247
-1,894
| -7% | -$64.1K |
|
3668
Zai Lab
ZLAB
$2.39B
| $879K | ﹤0.01% |
+24,309
| New | +$748K |
|
3669
MYR Group
MYRG
$5.32B
| $878K | ﹤0.01% |
7,767
+3,892
| +100% | +$518K |
|
3670
EnerSys
ENS
$6.97B
| $877K | ﹤0.01% |
9,580
-3,742
| -28% | -$365K |
|
3671
DHT Holdings
DHT
$3.01B
| $876K | ﹤0.01% |
83,451
+69,073
| +480% | +$744K |
|
3672
Mizuho Financial
MFG
$130B
| $875K | ﹤0.01% |
158,770
+94,188
| +146% | +$518K |
|
3673
Vanguard California Tax-Exempt Bond ETF
VTEC
$2.8B
| $874K | ﹤0.01% |
8,879
+1,041
| +13% | +$103K |
|
|
DFSI
3674
Dimensional International Sustainability Core 1 ETF
DFSI
$1.18B
| $873K | ﹤0.01% |
25,009
+4,481
| +22% | +$155K |
|
|
PLYM
3675
DELISTED
Plymouth Industrial REIT
PLYM
| $872K | ﹤0.01% |
53,493
-1,901
| -3% | -$32.1K |
|
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.