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 | |
|---|---|---|---|---|---|---|
1176
Pool Corp
POOL
$6.75B
| $19.1M | 0.01% |
60,073
+18,477
| +44% | +$6.27M |
|
1177
AvalonBay Communities
AVB
$26.5B
| $19.1M | 0.01% |
89,067
+8,947
| +11% | +$1.94M |
|
1178
State Street SPDR S&P 500 ESG ETF
EFIV
$1,000M
| $19.1M | 0.01% |
357,055
-1,401
| -0.4% | -$78.7K |
|
1179
State Street SPDR S&P Capital Markets ETF
KCE
$456M
| $19.1M | 0.01% |
151,141
-28,648
| -16% | -$3.92M |
|
1180
Pacer Trendpilot US Mid Cap ETF
PTMC
$392M
| $19M | 0.01% |
550,422
+4,587
| +0.8% | +$168K |
|
1181
Franklin Focused Dynamic Growth ETF
FFOG
$297M
| $19M | 0.01% |
544,550
+38,748
| +8% | +$1.52M |
|
1182
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
| $18.9M | 0.01% |
2,378,176
-1,042,905
| -30% | -$8.32M |
|
1183
Ferrari
RACE
$69.2B
| $18.9M | 0.01% |
44,222
+430
| +1% | +$193K |
|
1184
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.08B
| $18.9M | 0.01% |
386,356
+9,492
| +3% | +$482K |
|
1185
Columbia Diversified Fixed Income Allocation ETF
DIAL
$387M
| $18.9M | 0.01% |
1,057,223
+143,406
| +16% | +$2.54M |
|
1186
First Trust Consumer Staples AlphaDEX Fund
FXG
$229M
| $18.8M | 0.01% |
287,788
-28,260
| -9% | -$1.81M |
|
1187
iShares MSCI Switzerland ETF
EWL
$2.19B
| $18.7M | 0.01% |
361,454
-4,146
| -1% | -$209K |
|
1188
VanEck Oil Services ETF
OIH
$2.06B
| $18.7M | 0.01% |
71,299
-1,655
| -2% | -$451K |
|
1189
BJs Wholesale Club
BJ
$12.5B
| $18.7M | 0.01% |
163,719
+37,626
| +30% | +$3.87M |
|
1190
Fidelity Fundamental Large Cap Core ETF
FFLC
$1.19B
| $18.6M | 0.01% |
427,996
-112,110
| -21% | -$5.16M |
|
1191
Jefferies Financial Group
JEF
$12.6B
| $18.6M | 0.01% |
346,882
-28,649
| -8% | -$1.94M |
|
1192
Sprott Physical Gold and Silver Trust
CEF
$7.4B
| $18.6M | 0.01% |
653,764
+80,666
| +14% | +$2.13M |
|
1193
Rio Tinto
RIO
$158B
| $18.5M | 0.01% |
308,346
-13,262
| -4% | -$816K |
|
1194
iShares MSCI Canada ETF
EWC
$6.13B
| $18.5M | 0.01% |
454,282
-28,293
| -6% | -$1.16M |
|
1195
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.15B
| $18.5M | 0.01% |
288,283
+4,233
| +1% | +$271K |
|
1196
Nuveen ESG Mid-Cap Growth ETF
NUMG
$350M
| $18.5M | 0.01% |
430,904
+1,047
| +0.2% | +$48.9K |
|
1197
Sony
SONY
$137B
| $18.5M | 0.01% |
727,729
-17,745
| -2% | -$410K |
|
1198
First Trust Indxx NextG ETF
NXTG
$536M
| $18.5M | 0.01% |
217,694
-5,432
| -2% | -$474K |
|
1199
Invesco S&P MidCap 400 GARP ETF
GRPM
$486M
| $18.4M | 0.01% |
175,930
-22,943
| -12% | -$2.54M |
|
1200
Global X Adaptive US Factor ETF
AUSF
$900M
| $18.4M | 0.01% |
421,757
+102,354
| +32% | +$4.42M |
|
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.