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 | |
|---|---|---|---|---|---|---|
626
Prudential Financial
PRU
$42.4B
| $58.2M | 0.02% |
521,190
+20,156
| +4% | +$2.3M |
|
627
National Grid
NGG
$80.4B
| $58M | 0.02% |
922,851
+106,893
| +13% | +$6.28M |
|
628
Simon Property Group
SPG
$74.4B
| $58M | 0.02% |
349,158
-9,256
| -3% | -$1.62M |
|
629
Ecolab
ECL
$78.1B
| $57.7M | 0.02% |
227,686
+22,209
| +11% | +$5.6M |
|
630
O'Reilly Automotive
ORLY
$72.9B
| $57.6M | 0.02% |
602,970
+66,210
| +12% | +$5.76M |
|
631
Schwab US Broad Market ETF
SCHB
$43.2B
| $57.6M | 0.02% |
2,674,216
+603,059
| +29% | +$13.7M |
|
632
WisdomTree US Total Dividend Fund
DTD
$1.65B
| $57.5M | 0.02% |
747,833
+44,618
| +6% | +$3.46M |
|
633
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.37B
| $57.5M | 0.02% |
1,142,679
+125,855
| +12% | +$6.29M |
|
634
Avantis International Small Cap Value ETF
AVDV
$19B
| $57.4M | 0.02% |
823,506
+450,010
| +120% | +$30.6M |
|
635
WisdomTree Japan Hedged Equity Fund
DXJ
$7.08B
| $57.1M | 0.02% |
518,201
-32,673
| -6% | -$3.59M |
|
636
CME Group
CME
$96.3B
| $56.8M | 0.02% |
214,163
+56,394
| +36% | +$13.9M |
|
637
Monster Beverage
MNST
$94.3B
| $56.2M | 0.02% |
961,553
+37,307
| +4% | +$1.94M |
|
638
Spotify
SPOT
$103B
| $56.1M | 0.02% |
102,008
+18,644
| +22% | +$10.4M |
|
639
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
| $56.1M | 0.02% |
1,244,515
+44,863
| +4% | +$2.05M |
|
640
Vanguard Consumer Discretionary ETF
VCR
$6.15B
| $55.9M | 0.02% |
171,843
-6,615
| -4% | -$2.4M |
|
641
Schwab U.S Small- Cap ETF
SCHA
$22.2B
| $55.8M | 0.02% |
2,379,704
-25,559
| -1% | -$651K |
|
642
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $55.3M | 0.02% |
98,900
-17,100
| -15% | -$10.1M |
|
643
iShares Fallen Angels USD Bond ETF
FALN
$1.63B
| $55.3M | 0.02% |
2,064,761
+80,518
| +4% | +$2.17M |
|
644
VanEck Uranium + Nuclear Energy ETF
NLR
$3.82B
| $55.2M | 0.02% |
753,776
+353,416
| +88% | +$29.7M |
|
645
ProShares S&P MidCap 400 Dividend Aristocrats ETF
REGL
$1.75B
| $55.1M | 0.02% |
683,618
-9,971
| -1% | -$812K |
|
646
Invesco Variable Rate Preferred ETF
VRP
$2.98B
| $55.1M | 0.02% |
2,271,805
+173,408
| +8% | +$4.22M |
|
647
Dimensional US Marketwide Value ETF
DFUV
$15.4B
| $54.8M | 0.02% |
1,330,981
+148,426
| +13% | +$6.23M |
|
648
iShares International Select Dividend ETF
IDV
$8.45B
| $54.6M | 0.02% |
1,761,345
+112,407
| +7% | +$3.3M |
|
649
Travelers Companies
TRV
$78.1B
| $54.5M | 0.02% |
206,005
+8,212
| +4% | +$2.05M |
|
650
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.36B
| $54.3M | 0.02% |
602,895
+8,238
| +1% | +$808K |
|
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.