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 | |
|---|---|---|---|---|---|---|
901
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.78B
| $31.3M | 0.01% |
183,813
-3,466
| -2% | -$602K |
|
|
IBHE
902
DELISTED
iShares iBonds 2025 Term High Yield and Income ETF
IBHE
| $31.2M | 0.01% |
1,343,573
+358,618
| +36% | +$8.33M |
|
903
TransDigm Group
TDG
$70.2B
| $31.2M | 0.01% |
22,549
+1,054
| +5% | +$1.41M |
|
904
SAP
SAP
$212B
| $31M | 0.01% |
115,550
-3,605
| -3% | -$982K |
|
905
Yum! Brands
YUM
$41.8B
| $31M | 0.01% |
197,000
+11,324
| +6% | +$1.63M |
|
906
Hilton Worldwide
HLT
$72.1B
| $30.9M | 0.01% |
135,744
+14,808
| +12% | +$3.69M |
|
907
Franklin US Low Volatility High Dividend Index ETF
LVHD
$628M
| $30.9M | 0.01% |
753,218
+2,870
| +0.4% | +$113K |
|
908
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.26B
| $30.8M | 0.01% |
529,294
+53,268
| +11% | +$3.05M |
|
909
Snowflake
SNOW
$102B
| $30.7M | 0.01% |
210,033
+33,387
| +19% | +$5.67M |
|
910
Invesco BulletShares 2032 Corporate Bond ETF
BSCW
$1.48B
| $30.6M | 0.01% |
1,501,862
+362,888
| +32% | +$7.34M |
|
911
State Street SPDR S&P Emerging Markets Dividend ETF
EDIV
$1.22B
| $30.5M | 0.01% |
853,638
+91,519
| +12% | +$3.27M |
|
912
Vanguard FTSE Pacific ETF
VPL
$8.08B
| $30.4M | 0.01% |
420,227
+19,374
| +5% | +$1.42M |
|
913
Blue Owl Capital
OBDC
$5.34B
| $30.4M | 0.01% |
2,075,846
+122,163
| +6% | +$1.83M |
|
914
Fastenal
FAST
$54.7B
| $30.4M | 0.01% |
783,864
+68,886
| +10% | +$2.58M |
|
915
Natixis Loomis Sayles Focused Growth ETF
LSGR
$854M
| $30.4M | 0.01% |
875,406
+835,375
| +2,087% | +$31.9M |
|
916
Franklin Senior Loan ETF
FLBL
$853M
| $30.3M | 0.01% |
1,259,273
+169,134
| +16% | +$4.1M |
|
917
LeaderShares AlphaFactor US Core Equity ETF
LSAF
$123M
| $30.3M | 0.01% |
766,313
-4,504
| -0.6% | -$186K |
|
918
Targa Resources
TRGP
$58B
| $30.3M | 0.01% |
150,956
-5,607
| -4% | -$1.11M |
|
919
Guggenheim Strategic Opportunities Fund
GOF
$2.23B
| $30.3M | 0.01% |
1,943,464
+231,224
| +14% | +$3.59M |
|
920
Devon Energy
DVN
$52.1B
| $30.2M | 0.01% |
808,617
-46,963
| -5% | -$1.67M |
|
921
Invesco S&P 500 High Beta ETF
SPHB
$971M
| $30.2M | 0.01% |
385,387
+251,894
| +189% | +$22.1M |
|
922
Fidelity Enhanced Small Cap Core ETF
FESM
$5.95B
| $30M | 0.01% |
1,018,403
+513,009
| +102% | +$16.4M |
|
923
iShares US Energy ETF
IYE
$1.74B
| $30M | 0.01% |
608,107
-34,374
| -5% | -$1.64M |
|
924
Super Micro Computer
SMCI
$18.4B
| $29.9M | 0.01% |
873,572
+197,967
| +29% | +$7.51M |
|
925
Invesco BulletShares 2031 Corporate Bond ETF
BSCV
$1.76B
| $29.9M | 0.01% |
1,831,434
+232,049
| +15% | +$3.75M |
|
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.