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 | |
|---|---|---|---|---|---|---|
676
L3Harris
LHX
$51.6B
| $51.4M | 0.02% |
245,748
+19,549
| +9% | +$4.1M |
|
677
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.22B
| $51.4M | 0.02% |
2,231,921
+184,906
| +9% | +$4.34M |
|
678
Dell
DELL
$262B
| $51.4M | 0.02% |
563,940
+90,331
| +19% | +$9.56M |
|
679
iShares Core International Aggregate Bond Fund
IAGG
$10.9B
| $51.4M | 0.02% |
1,027,584
-167,283
| -14% | -$8.36M |
|
680
iShares Russell Top 200 Value ETF
IWX
$3.98B
| $51.3M | 0.02% |
624,829
+543,939
| +672% | +$44.7M |
|
|
PPL
681
PPL Corp
PPL
$26.5B
| $51.3M | 0.02% |
1,420,489
+115,038
| +9% | +$3.9M |
|
682
Vanguard Industrials ETF
VIS
$8.1B
| $51.1M | 0.02% |
206,456
+13,058
| +7% | +$3.38M |
|
683
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
$3.84B
| $51M | 0.02% |
2,110,416
+231,266
| +12% | +$5.56M |
|
684
Autodesk
ADSK
$49.5B
| $51M | 0.02% |
194,764
-87
| -0% | -$24.7K |
|
685
CSX Corp
CSX
$93.4B
| $50.8M | 0.02% |
1,725,206
+13,094
| +0.8% | +$416K |
|
686
Invesco S&P 500 Pure Growth ETF
RPG
$2.01B
| $50.4M | 0.02% |
1,316,683
+222,210
| +20% | +$9.29M |
|
687
State Street SPDR S&P Biotech ETF
XBI
$9.95B
| $50.3M | 0.02% |
620,671
-21,113
| -3% | -$1.89M |
|
688
Invesco S&P SmallCap Quality ETF
XSHQ
$252M
| $50.2M | 0.02% |
1,270,534
-56,299
| -4% | -$2.33M |
|
689
Capital One
COF
$128B
| $50.2M | 0.02% |
279,917
+22,421
| +9% | +$4.24M |
|
690
Cambria Shareholder Yield ETF
SYLD
$987M
| $50M | 0.02% |
783,148
-63,311
| -7% | -$4.29M |
|
691
Vanguard Ultra-Short Bond ETF
VUSB
$8.94B
| $50M | 0.02% |
1,001,998
+68,554
| +7% | +$3.41M |
|
|
AXON
692
Axon Enterprise
AXON
$42.5B
| $49.8M | 0.02% |
94,670
-6,761
| -7% | -$3.96M |
|
693
Kenvue
KVUE
$36.9B
| $49.7M | 0.02% |
2,072,457
+8,052
| +0.4% | +$178K |
|
694
iShares US Infrastructure ETF
IFRA
$4.5B
| $49.6M | 0.02% |
1,100,377
-1,735,819
| -61% | -$81M |
|
695
Trade Desk
TTD
$8.48B
| $49.3M | 0.02% |
900,457
+115,332
| +15% | +$10.4M |
|
696
Marvell Technology
MRVL
$168B
| $49.2M | 0.02% |
799,775
+124,443
| +18% | +$12.1M |
|
697
Clorox
CLX
$11.6B
| $49.2M | 0.02% |
334,041
+37,538
| +13% | +$5.73M |
|
698
Victory Portfolios II VictoryShares Short-Term Bond ETF
USTB
$2.29B
| $48.5M | 0.02% |
957,969
+241,832
| +34% | +$12.2M |
|
|
BIDD
699
iShares International Dividend Active ETF
BIDD
$416M
| $48.4M | 0.02% |
1,869,449
-13,863
| -0.7% | -$360K |
|
700
AB High Yield ETF
HYFI
$330M
| $47.7M | 0.02% |
1,295,253
-191,272
| -13% | -$7.11M |
|
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.