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 | |
|---|---|---|---|---|---|---|
776
Marriott International
MAR
$98.3B
| $40.9M | 0.02% |
171,755
-5,050
| -3% | -$1.37M |
|
777
Globe Life
GL
$14.2B
| $40.9M | 0.02% |
310,535
+19,301
| +7% | +$2.36M |
|
778
Vertiv
VRT
$93B
| $40.8M | 0.02% |
565,756
-42,628
| -7% | -$4.54M |
|
779
Digital Realty Trust
DLR
$69.7B
| $40.8M | 0.02% |
284,929
+30,559
| +12% | +$4.97M |
|
780
First Trust Small Cap Growth AlphaDEX Fund
FYC
$1.26B
| $40.7M | 0.02% |
592,006
+18,177
| +3% | +$1.37M |
|
781
JPMorgan US Value Factor ETF
JVAL
$834M
| $40.6M | 0.02% |
980,313
+147,494
| +18% | +$6.43M |
|
782
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
CDC
$738M
| $40.6M | 0.02% |
617,402
-61,452
| -9% | -$3.96M |
|
783
Vistra
VST
$50B
| $40.4M | 0.02% |
343,813
+28,349
| +9% | +$4.24M |
|
784
iShare MSCI Eurozone ETF
EZU
$9.64B
| $40.2M | 0.02% |
755,656
+364,931
| +93% | +$19M |
|
785
Arch Capital
ACGL
$34.3B
| $40.2M | 0.02% |
418,343
+30,825
| +8% | +$2.84M |
|
786
Huntington Bancshares
HBAN
$34.4B
| $40.2M | 0.02% |
2,680,430
-27,510
| -1% | -$443K |
|
787
Carrier Global
CARR
$51B
| $40.2M | 0.02% |
634,487
+66,005
| +12% | +$4.39M |
|
788
ProShares S&P 500 High Income ETF
ISPY
$1.25B
| $40.1M | 0.02% |
952,878
+165,600
| +21% | +$7.32M |
|
789
iShares ESG Aware MSCI EM ETF
ESGE
$6.58B
| $39.8M | 0.02% |
1,139,083
+20,562
| +2% | +$716K |
|
790
iShares Dow Jones US ETF
IYY
$2.95B
| $39.8M | 0.02% |
292,437
-9,238
| -3% | -$1.33M |
|
791
Copart
CPRT
$27B
| $39.7M | 0.02% |
701,132
+109,734
| +19% | +$6.18M |
|
792
Dimensional US Large Cap Value ETF
DFLV
$6.84B
| $39.5M | 0.02% |
1,293,677
+219,942
| +20% | +$6.79M |
|
793
Welltower
WELL
$169B
| $39.5M | 0.02% |
258,052
+9,678
| +4% | +$1.38M |
|
794
Huntington Ingalls Industries
HII
$12.9B
| $39.5M | 0.02% |
193,759
+75,576
| +64% | +$14.3M |
|
795
Principal Spectrum Preferred Securities Active ETF
PREF
$1.77B
| $39.4M | 0.02% |
2,109,257
+312,143
| +17% | +$5.84M |
|
796
iShares Russell Top 200 ETF
IWL
$2.19B
| $39.4M | 0.02% |
286,708
-19,552
| -6% | -$2.84M |
|
797
Hewlett Packard
HPE
$63.4B
| $39.3M | 0.02% |
2,547,970
+81,735
| +3% | +$1.63M |
|
798
International Paper
IP
$21.6B
| $39.3M | 0.02% |
736,366
+34,983
| +5% | +$1.91M |
|
799
iShares US Small Cap Equity Factor ETF
SMLF
$4.09B
| $39.2M | 0.02% |
630,872
+149,460
| +31% | +$10.1M |
|
800
Fidelity Enhanced Large Cap Growth ETF
FELG
$5.47B
| $39.2M | 0.02% |
1,243,952
+669,864
| +117% | +$23.2M |
|
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.