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 | |
|---|---|---|---|---|---|---|
1226
Global X SuperDividend US ETF
DIV
$780M
| $17.7M | 0.01% |
938,037
+71,727
| +8% | +$1.34M |
|
1227
CRH
CRH
$63.2B
| $17.6M | 0.01% |
199,756
+32,681
| +20% | +$3.21M |
|
1228
AB Disruptors ETF
FWD
$2.93B
| $17.5M | 0.01% |
249,226
+50,458
| +25% | +$4.05M |
|
1229
Fidelity Enhanced International ETF
FENI
$10.8B
| $17.5M | 0.01% |
588,730
+375,426
| +176% | +$11M |
|
|
CTRA
1230
DELISTED
Coterra Energy
CTRA
| $17.5M | 0.01% |
605,330
-59,071
| -9% | -$1.65M |
|
1231
CarMax
KMX
$8.13B
| $17.5M | 0.01% |
223,951
+23,927
| +12% | +$1.92M |
|
1232
Main Street Capital
MAIN
$5.06B
| $17.4M | 0.01% |
307,368
+8,203
| +3% | +$488K |
|
1233
Aecom
ACM
$9.3B
| $17.4M | 0.01% |
187,380
+45,365
| +32% | +$4.6M |
|
1234
Invesco MSCI USA ETF
PBUS
$11.4B
| $17.3M | 0.01% |
309,419
-7,130
| -2% | -$421K |
|
1235
Annaly Capital Management
NLY
$17.1B
| $17.3M | 0.01% |
851,397
+163,012
| +24% | +$3.35M |
|
1236
Invesco Dorsey Wright Industrials Momentum ETF
PRN
$416M
| $17.3M | 0.01% |
125,516
+25,761
| +26% | +$3.89M |
|
1237
First Trust Nasdaq Semiconductor ETF
FTXL
$2.09B
| $17.3M | 0.01% |
228,692
-15,303
| -6% | -$1.32M |
|
1238
EQT Corp
EQT
$33.3B
| $17.3M | 0.01% |
323,295
+27,831
| +9% | +$1.42M |
|
1239
Aptiv
APTV
$12B
| $17.3M | 0.01% |
290,234
-59,173
| -17% | -$3.75M |
|
1240
ProShares Russell 2000 Dividend Growers ETF
SMDV
$695M
| $17.3M | 0.01% |
263,225
+2,430
| +0.9% | +$165K |
|
1241
Neuberger Option Strategy ETF
NBOS
$470M
| $17.2M | 0.01% |
673,980
+241,019
| +56% | +$6.35M |
|
1242
iShares iBonds Dec 2027 Term Treasury ETF
IBTH
$2.25B
| $17.2M | 0.01% |
768,897
+193,092
| +34% | +$4.3M |
|
1243
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.26B
| $17.2M | 0.01% |
857,534
-380,790
| -31% | -$7.62M |
|
1244
Pinterest
PINS
$13.4B
| $17.2M | 0.01% |
553,770
+115,343
| +26% | +$3.91M |
|
1245
Calamos Strategic Total Return Fund
CSQ
$3.23B
| $17.1M | 0.01% |
1,059,785
+148,758
| +16% | +$2.61M |
|
1246
Exelon
EXC
$47.2B
| $17.1M | 0.01% |
371,350
+18,646
| +5% | +$779K |
|
1247
Rollins
ROL
$18.3B
| $17.1M | 0.01% |
316,142
-6,286
| -2% | -$316K |
|
1248
Timothy Plan High Dividend Stock ETF
TPHD
$360M
| $17M | 0.01% |
452,110
+20,582
| +5% | +$768K |
|
1249
Fidelity MSCI Consumer Staples Index ETF
FSTA
$1.42B
| $17M | 0.01% |
332,473
-52,217
| -14% | -$2.64M |
|
1250
Fidelity High Yield Factor ETF
FDHY
$566M
| $17M | 0.01% |
353,624
+1,348
| +0.4% | +$65.5K |
|
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.