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 | |
|---|---|---|---|---|---|---|
351
Realty Income
O
$59.6B
| $126M | 0.05% |
2,173,539
+83,204
| +4% | +$4.61M |
|
|
BSCP
352
DELISTED
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
| $126M | 0.05% |
6,091,161
+480,773
| +9% | +$9.94M |
|
353
Texas Instruments
TXN
$252B
| $126M | 0.05% |
700,462
+69,540
| +11% | +$13M |
|
354
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.2B
| $126M | 0.05% |
976,948
+23,685
| +2% | +$3.06M |
|
355
Illinois Tool Works
ITW
$82.6B
| $126M | 0.05% |
506,778
+36,600
| +8% | +$9.4M |
|
356
Williams Companies
WMB
$87.5B
| $126M | 0.05% |
2,102,988
-35,422
| -2% | -$2.03M |
|
357
Goldman Sachs Access Treasury 0-1 Year ETF
GBIL
$7.64B
| $124M | 0.05% |
1,242,432
+19,948
| +2% | +$2M |
|
358
ConocoPhillips
COP
$147B
| $124M | 0.05% |
1,182,150
+70,759
| +6% | +$7.06M |
|
359
3M
MMM
$90.9B
| $124M | 0.05% |
844,974
+40,058
| +5% | +$5.89M |
|
360
PNC Financial Services
PNC
$99.7B
| $124M | 0.05% |
705,395
+45,792
| +7% | +$8.64M |
|
361
iMGP DBi Managed Futures Strategy ETF
DBMF
$3.98B
| $124M | 0.05% |
4,907,416
+4,615,371
| +1,580% | +$120M |
|
362
First Trust Limited Duration Investment Grade Corporate ETF
FSIG
$1.51B
| $124M | 0.05% |
6,538,696
-642,839
| -9% | -$12.2M |
|
363
State Street DoubleLine Total Return Tactical ETF
TOTL
$4.09B
| $123M | 0.05% |
3,055,596
+152,922
| +5% | +$6.08M |
|
364
Invesco BulletShares 2026 Corporate Bond ETF
BSCQ
$3.66B
| $123M | 0.05% |
6,315,559
+699,021
| +12% | +$13.6M |
|
365
Franklin International Core Dividend Tilt Index ETF
DIVI
$2.7B
| $123M | 0.05% |
3,766,397
+94,137
| +3% | +$3.02M |
|
366
Janus Henderson Short Duration Income ETF
VNLA
$3.32B
| $122M | 0.05% |
2,484,516
+253,856
| +11% | +$12.4M |
|
367
iShares Short Maturity Bond ETF
NEAR
$4.83B
| $122M | 0.05% |
2,392,108
+198,499
| +9% | +$10.1M |
|
368
ASML
ASML
$626B
| $122M | 0.05% |
183,981
+12,712
| +7% | +$9.25M |
|
369
Gilead Sciences
GILD
$162B
| $121M | 0.05% |
1,081,445
-125,027
| -10% | -$12.9M |
|
370
WisdomTree US Value Fund
WTV
$3.2B
| $120M | 0.05% |
1,459,724
+630,123
| +76% | +$53.4M |
|
371
Innovator Equity Managed Floor ETF
SFLR
$2.11B
| $118M | 0.05% |
3,757,904
+281,628
| +8% | +$9.21M |
|
372
Enterprise Products Partners
EPD
$82.3B
| $118M | 0.05% |
3,445,293
+119,069
| +4% | +$3.97M |
|
373
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.7B
| $117M | 0.05% |
1,405,306
+43,680
| +3% | +$3.93M |
|
374
JPMorgan Hedged Equity Laddered Overlay ETF
HELO
$4.6B
| $117M | 0.05% |
1,958,754
+765,200
| +64% | +$47.4M |
|
375
Intuit
INTU
$86.5B
| $116M | 0.05% |
190,389
-13,377
| -7% | -$8.03M |
|
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.