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 | |
|---|---|---|---|---|---|---|
751
Johnson Controls International
JCI
$88.8B
| $43.1M | 0.02% |
538,043
-65,014
| -11% | -$5.35M |
|
|
DFAI
752
Dimensional International Core Equity Market ETF
DFAI
$17.4B
| $43.1M | 0.02% |
1,378,675
+618,971
| +81% | +$19.1M |
|
753
iShares ESG Aware MSCI EAFE ETF
ESGD
$12B
| $43M | 0.02% |
526,658
+10,240
| +2% | +$826K |
|
754
W.P. Carey
WPC
$16.8B
| $43M | 0.02% |
680,868
-19,093
| -3% | -$1.13M |
|
755
iShares Morningstar Value ETF
ILCV
$1.32B
| $42.9M | 0.02% |
527,309
+68,872
| +15% | +$5.69M |
|
756
AutoZone
AZO
$49.2B
| $42.9M | 0.02% |
11,262
-607
| -5% | -$2.09M |
|
757
abrdn Physical Gold Shares ETF
SGOL
$6.91B
| $42.7M | 0.02% |
1,432,048
+64,015
| +5% | +$1.75M |
|
758
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.42B
| $42.6M | 0.02% |
783,580
-7,483
| -0.9% | -$400K |
|
759
First Trust Exchange-Traded Fund VI First Trust Hedged BuyWrite Income ETF
FTQI
$919M
| $42.2M | 0.02% |
2,237,642
+566,295
| +34% | +$11.5M |
|
760
Applovin
APP
$133B
| $42M | 0.02% |
158,480
-52,050
| -25% | -$17.9M |
|
761
Albemarle
ALB
$13.9B
| $41.9M | 0.02% |
582,311
+305,481
| +110% | +$24.9M |
|
762
Hartford Total Return Bond ETF
HTRB
$2.2B
| $41.9M | 0.02% |
1,238,086
-52,441
| -4% | -$1.76M |
|
763
iShares Future Exponential Technologies ETF
XT
$3.82B
| $41.9M | 0.02% |
727,590
+34,718
| +5% | +$2.12M |
|
764
Defiance Quantum ETF
QTUM
$5.23B
| $41.9M | 0.02% |
561,805
+290,125
| +107% | +$23.5M |
|
765
Invesco High Yield Equity Dividend Achievers ETF
PEY
$1.13B
| $41.7M | 0.02% |
1,941,778
+4,407
| +0.2% | +$95.2K |
|
766
VanEck Morningstar SMID Moat ETF
SMOT
$332M
| $41.6M | 0.02% |
1,270,143
+181,667
| +17% | +$6.34M |
|
767
Roper Technologies
ROP
$38.8B
| $41.4M | 0.02% |
70,204
+873
| +1% | +$490K |
|
|
FLXR
768
TCW Flexible Income ETF
FLXR
$3.45B
| $41.3M | 0.02% |
1,053,856
+464,497
| +79% | +$18.1M |
|
|
DFSV
769
Dimensional US Small Cap Value ETF
DFSV
$8.19B
| $41.3M | 0.02% |
1,466,232
+242,040
| +20% | +$7.32M |
|
770
Invesco S&P International Developed Momentum ETF
IDMO
$4.08B
| $41.3M | 0.02% |
934,345
+365,136
| +64% | +$15.8M |
|
771
Alliant Energy
LNT
$18.3B
| $41.2M | 0.02% |
640,109
+156,350
| +32% | +$9.56M |
|
772
Check Point Software Technologies
CHKP
$13B
| $41.2M | 0.02% |
180,629
+15,386
| +9% | +$3.26M |
|
773
VanEck Preferred Securities ex Financials ETF
PFXF
$2.41B
| $41.2M | 0.02% |
2,455,663
+285,007
| +13% | +$4.92M |
|
774
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.77B
| $41M | 0.02% |
1,083,891
-155,714
| -13% | -$6.39M |
|
775
Amplify Cybersecurity ETF
HACK
$2.68B
| $41M | 0.02% |
570,820
+68,048
| +14% | +$5.22M |
|
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.