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 | |
|---|---|---|---|---|---|---|
|
VPLS
1151
Vanguard Core Plus Bond ETF
VPLS
$1.65B
| $20M | 0.01% |
258,169
+238,540
| +1,215% | +$18.3M |
|
1152
Ares Management
ARES
$28.9B
| $20M | 0.01% |
136,497
+21,321
| +19% | +$3.68M |
|
1153
Cognizant
CTSH
$24.9B
| $20M | 0.01% |
261,469
+778
| +0.3% | +$63.3K |
|
1154
Fidelity Low Duration Bond Factor ETF
FLDR
$1.97B
| $19.9M | 0.01% |
397,435
+94,120
| +31% | +$4.71M |
|
1155
Robinhood
HOOD
$77.8B
| $19.9M | 0.01% |
478,131
+183,495
| +62% | +$8.72M |
|
1156
Virtus Reaves Utilities ETF
UTES
$1.33B
| $19.9M | 0.01% |
308,013
+114,423
| +59% | +$7.68M |
|
1157
Martin Marietta Materials
MLM
$31.5B
| $19.9M | 0.01% |
41,534
+2,932
| +8% | +$1.49M |
|
1158
Eastman Chemical
EMN
$8B
| $19.8M | 0.01% |
224,805
+34,755
| +18% | +$3.28M |
|
1159
Fidelity MSCI Financials Index ETF
FNCL
$2.38B
| $19.8M | 0.01% |
284,906
+60,293
| +27% | +$4.27M |
|
1160
Invesco BulletShares 2027 High Yield Corporate Bond ETF
BSJR
$857M
| $19.7M | 0.01% |
877,789
+196,294
| +29% | +$4.43M |
|
1161
FT Vest Buffered Allocation Growth ETF
BUFG
$327M
| $19.6M | 0.01% |
824,361
+72,875
| +10% | +$1.79M |
|
1162
Old Dominion Freight Line
ODFL
$44.1B
| $19.5M | 0.01% |
118,077
-9,495
| -7% | -$1.73M |
|
1163
T. Rowe Price Growth ETF
TGRT
$1.48B
| $19.5M | 0.01% |
569,155
+108,232
| +23% | +$4.05M |
|
1164
JPMorgan International Value ETF
JIVE
$3.39B
| $19.5M | 0.01% |
315,522
+244,967
| +347% | +$14.5M |
|
1165
Reaves Utility Income Fund
UTG
$3.54B
| $19.5M | 0.01% |
599,201
+14,086
| +2% | +$463K |
|
1166
Amcor
AMCR
$20.8B
| $19.5M | 0.01% |
401,477
+45,441
| +13% | +$2.24M |
|
1167
Day Hagan/Ned Davis Research Smart Sector ETF
SSUS
$564M
| $19.4M | 0.01% |
477,593
+20,296
| +4% | +$859K |
|
1168
First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
$429M
| $19.4M | 0.01% |
1,188,126
+101,162
| +9% | +$1.66M |
|
1169
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $19.4M | 0.01% |
385,363
+50,715
| +15% | +$2.54M |
|
1170
Jack Henry & Associates
JKHY
$10.9B
| $19.3M | 0.01% |
106,389
+26,696
| +33% | +$4.66M |
|
1171
Omega Healthcare
OHI
$15.1B
| $19.3M | 0.01% |
506,080
+25,199
| +5% | +$937K |
|
|
FSCO
1172
FS Credit Opportunities Corp
FSCO
$1B
| $19.2M | 0.01% |
2,730,010
+19,393
| +0.7% | +$135K |
|
1173
Moderna
MRNA
$21.8B
| $19.2M | 0.01% |
676,212
+308,334
| +84% | +$10.9M |
|
1174
iShares MSCI ACWI ex US ETF
ACWX
$11.5B
| $19.2M | 0.01% |
345,465
-20,170
| -6% | -$1.11M |
|
1175
Gabelli Equity Trust
GAB
$1.75B
| $19.1M | 0.01% |
3,474,636
-45,791
| -1% | -$253K |
|
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.