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 | |
|---|---|---|---|---|---|---|
651
Allstate
ALL
$68B
| $54.3M | 0.02% |
262,190
+11,979
| +5% | +$2.33M |
|
652
Iron Mountain
IRM
$36.4B
| $54.3M | 0.02% |
630,809
+61,974
| +11% | +$5.97M |
|
|
THRO
653
iShares U.S. Thematic Rotation Active ETF
THRO
$6.43B
| $54.2M | 0.02% |
+1,709,073
| New | +$57.5M |
|
654
Global X Defense Tech ETF
SHLD
$7.05B
| $54.1M | 0.02% |
1,162,816
+863,115
| +288% | +$36.6M |
|
655
iShares ESG Advanced MSCI USA ETF
USXF
$1.41B
| $54.1M | 0.02% |
1,159,705
+111,539
| +11% | +$5.54M |
|
656
Virtus InfraCap US Preferred Stock ETF
PFFA
$2.45B
| $54.1M | 0.02% |
2,549,106
+539,484
| +27% | +$11.8M |
|
657
Corning
GLW
$119B
| $54M | 0.02% |
1,179,878
+72,510
| +7% | +$3.58M |
|
658
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$920M
| $53.7M | 0.02% |
1,236,251
-70,783
| -5% | -$3.06M |
|
659
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
$2.62B
| $53.6M | 0.02% |
1,067,622
+32,829
| +3% | +$1.64M |
|
660
iShares MSCI USA Value Factor ETF
VLUE
$9.17B
| $53.6M | 0.02% |
502,438
-28,317
| -5% | -$3.08M |
|
661
iShares MSCI Japan ETF
EWJ
$21.9B
| $53.4M | 0.02% |
779,363
+35,008
| +5% | +$2.41M |
|
662
Invesco Water Resources ETF
PHO
$2.01B
| $53.4M | 0.02% |
826,990
+76,821
| +10% | +$5.11M |
|
663
Distillate US Fundamental Stability & Value ETF
DSTL
$1.97B
| $53.3M | 0.02% |
982,548
-5,064
| -0.5% | -$282K |
|
664
Dominion Energy
D
$60.8B
| $53.2M | 0.02% |
949,525
+158,233
| +20% | +$8.7M |
|
665
iShares High Yield Systematic Bond ETF
HYDB
$1.61B
| $53.2M | 0.02% |
1,128,859
-285,656
| -20% | -$13.5M |
|
666
Nuveen ESG Large-Cap Value ETF
NULV
$2.19B
| $53.1M | 0.02% |
1,310,942
+223,762
| +21% | +$9.07M |
|
667
Hartford Schroders Tax-Aware Bond ETF
HTAB
$288M
| $52.7M | 0.02% |
2,750,565
+94,582
| +4% | +$1.83M |
|
668
US Treasury 12 Month Bill ETF
OBIL
$306M
| $52.4M | 0.02% |
1,043,886
+95,134
| +10% | +$4.77M |
|
669
Toews Agility Shares Managed Risk ETF
MRSK
$315M
| $52.1M | 0.02% |
1,645,363
+171,158
| +12% | +$5.63M |
|
670
Novartis
NVS
$297B
| $51.9M | 0.02% |
465,995
+15,776
| +4% | +$1.68M |
|
671
Amphenol
APH
$198B
| $51.9M | 0.02% |
790,840
+109,120
| +16% | +$7.44M |
|
672
Sempra
SRE
$57.9B
| $51.9M | 0.02% |
726,788
+170,678
| +31% | +$13.3M |
|
673
iShares Biotechnology ETF
IBB
$9.34B
| $51.7M | 0.02% |
403,863
-15,734
| -4% | -$2.13M |
|
674
American Water Works
AWK
$26.7B
| $51.6M | 0.02% |
349,963
+94,987
| +37% | +$12.5M |
|
675
WisdomTree US SmallCap Dividend Fund
DES
$2.18B
| $51.6M | 0.02% |
1,613,277
-617,789
| -28% | -$20.8M |
|
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.