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 | |
|---|---|---|---|---|---|---|
426
Harbor Long-Term Growers ETF
WINN
$1.13B
| $100M | 0.04% |
4,084,841
+127,444
| +3% | +$3.43M |
|
427
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.57B
| $99.7M | 0.04% |
973,149
+16,106
| +2% | +$1.71M |
|
428
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.38B
| $99.4M | 0.04% |
911,833
-18,512
| -2% | -$2.14M |
|
429
WisdomTree US MidCap Dividend Fund
DON
$4.03B
| $99.3M | 0.04% |
2,005,165
-75,603
| -4% | -$3.85M |
|
430
Invesco BulletShares 2027 Corporate Bond ETF
BSCR
$4.59B
| $98.5M | 0.04% |
5,029,257
+530,525
| +12% | +$10.4M |
|
431
CP High Yield Trend ETF
HYTR
$290M
| $98.4M | 0.04% |
4,514,270
+1,721,297
| +62% | +$37.8M |
|
432
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.6B
| $98.3M | 0.04% |
1,282,584
+64,481
| +5% | +$5.09M |
|
433
JPMorgan Small & Mid Cap Enhanced Equity ETF
JMEE
$2.85B
| $97.9M | 0.04% |
1,749,301
+221,099
| +14% | +$13.2M |
|
434
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.83B
| $97.9M | 0.04% |
817,455
+163,256
| +25% | +$20.4M |
|
435
Schwab International Equity ETF
SCHF
$66.6B
| $97.7M | 0.04% |
4,940,299
-288,507
| -6% | -$5.66M |
|
436
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.62B
| $97M | 0.04% |
2,280,862
+521,698
| +30% | +$22.4M |
|
437
VanEck IG Floating Rate ETF
FLTR
$2.94B
| $96.6M | 0.04% |
3,779,799
+705,037
| +23% | +$18M |
|
438
iShares Core Dividend ETF
DIVB
$1.69B
| $95.8M | 0.04% |
1,973,635
+292,177
| +17% | +$14.3M |
|
|
NVO
439
Novo Nordisk
NVO
$208B
| $95.6M | 0.04% |
1,379,207
+23,140
| +2% | +$1.91M |
|
440
ARK Innovation ETF
ARKK
$5.64B
| $95.6M | 0.04% |
2,008,797
-93,519
| -4% | -$5.36M |
|
441
Invesco BulletShares 2028 Corporate Bond ETF
BSCS
$3.56B
| $95.1M | 0.04% |
4,674,961
+343,230
| +8% | +$6.95M |
|
442
Invesco S&P 100 Equal Weight ETF
EQWL
$2.7B
| $94.6M | 0.04% |
917,803
+131,502
| +17% | +$13.8M |
|
443
US Treasury 6 Month Bill ETF
XBIL
$741M
| $94.1M | 0.04% |
1,874,753
+365,346
| +24% | +$18.3M |
|
444
Vanguard Financials ETF
VFH
$13.5B
| $93.9M | 0.04% |
785,932
+27,677
| +4% | +$3.37M |
|
|
SCHV
445
Schwab US Large-Cap Value ETF
SCHV
$15.7B
| $93.7M | 0.04% |
3,523,715
+28,552
| +0.8% | +$766K |
|
446
First Trust Cloud Computing ETF
SKYY
$2.92B
| $93.3M | 0.04% |
912,898
+80,874
| +10% | +$9.63M |
|
447
WEC Energy
WEC
$35.7B
| $92.7M | 0.04% |
850,658
+148,368
| +21% | +$15.2M |
|
448
Arista Networks
ANET
$227B
| $91.7M | 0.04% |
1,183,126
+72,531
| +7% | +$7.35M |
|
449
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.52B
| $91.5M | 0.04% |
527,370
-21,103
| -4% | -$4.05M |
|
450
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $90.2M | 0.04% |
1,976,404
+57,023
| +3% | +$2.63M |
|
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.