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 | |
|---|---|---|---|---|---|---|
726
Franklin Income Focus ETF
INCM
$1.69B
| $45.4M | 0.02% |
1,705,333
+333,406
| +24% | +$8.89M |
|
727
Global X Russell 2000 Covered Call ETF
RYLD
$1.37B
| $45.3M | 0.02% |
2,998,534
-231,886
| -7% | -$3.74M |
|
728
iShares California Muni Bond ETF
CMF
$4.55B
| $45.1M | 0.02% |
800,761
-24,756
| -3% | -$1.41M |
|
729
PG&E
PCG
$38.3B
| $45.1M | 0.02% |
2,622,295
+549,192
| +26% | +$9.11M |
|
730
Principal Exchange-Traded Funds Principal US Mega-Cap ETF
USMC
$3.55B
| $44.9M | 0.02% |
791,637
+220,891
| +39% | +$13.3M |
|
731
Corteva
CTVA
$52.6B
| $44.9M | 0.02% |
713,729
+46,218
| +7% | +$2.86M |
|
|
BSJP
732
DELISTED
Invesco BulletShares 2025 High Yield Corporate Bond ETF
BSJP
| $44.8M | 0.02% |
1,941,620
+90,377
| +5% | +$2.09M |
|
733
Molson Coors Class B
TAP
$7.79B
| $44.7M | 0.02% |
734,173
+16,581
| +2% | +$955K |
|
734
BlackRock ETF Trust II iShares AAA CLO Active ETF
CLOA
$2.18B
| $44.4M | 0.02% |
857,728
+224,079
| +35% | +$11.6M |
|
735
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2.01B
| $44.4M | 0.02% |
2,312,072
-74,646
| -3% | -$1.4M |
|
736
Columbia Research Enhanced Value ETF
REVS
$332M
| $44.3M | 0.02% |
1,755,008
+98,489
| +6% | +$2.51M |
|
737
Invesco BuyBack Achievers ETF
PKW
$1.72B
| $44.2M | 0.02% |
392,318
+12,694
| +3% | +$1.48M |
|
738
LyondellBasell Industries
LYB
$20B
| $44.1M | 0.02% |
626,028
+49,912
| +9% | +$3.76M |
|
739
iShares ESG Aware USD Corporate Bond ETF
SUSC
$1.29B
| $44M | 0.02% |
1,907,165
+168,205
| +10% | +$3.85M |
|
740
NXP Semiconductors
NXPI
$57.8B
| $43.9M | 0.02% |
231,113
+12,719
| +6% | +$2.71M |
|
|
BNY
741
Bank of New York Mellon
BNY
$106B
| $43.9M | 0.02% |
523,554
+74,882
| +17% | +$6.29M |
|
742
Workday
WDAY
$39.6B
| $43.7M | 0.02% |
188,665
+19,372
| +11% | +$4.94M |
|
743
iShares Core Moderate Allocation ETF
AOM
$1.75B
| $43.7M | 0.02% |
995,458
+45,477
| +5% | +$2M |
|
744
First Trust Utilities AlphaDEX Fund
FXU
$814M
| $43.7M | 0.02% |
1,064,712
+526,415
| +98% | +$20.8M |
|
745
First Trust US Equity Opportunities ETF
FPX
$1.47B
| $43.6M | 0.02% |
390,106
+112,627
| +41% | +$14M |
|
746
American International
AIG
$41.7B
| $43.6M | 0.02% |
501,234
+164,903
| +49% | +$12.8M |
|
747
WisdomTree US High Dividend Fund
DHS
$1.56B
| $43.4M | 0.02% |
437,671
+49,178
| +13% | +$4.75M |
|
748
Xylem
XYL
$27.3B
| $43.2M | 0.02% |
362,011
+39,739
| +12% | +$4.92M |
|
749
State Street SPDR S&P Semiconductor ETF
XSD
$2.72B
| $43.2M | 0.02% |
215,251
-55,817
| -21% | -$13.3M |
|
750
Schwab US Mid-Cap ETF
SCHM
$14.5B
| $43.2M | 0.02% |
1,648,859
+18,602
| +1% | +$518K |
|
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.