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 | |
|---|---|---|---|---|---|---|
1326
Houlihan Lokey
HLI
$8.77B
| $15.3M | 0.01% |
95,038
+10,879
| +13% | +$1.87M |
|
1327
VanEck Mortgage REIT Income ETF
MORT
$360M
| $15.3M | 0.01% |
1,366,939
+468,470
| +52% | +$5.25M |
|
|
IFLN
1328
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$308M
| $15.3M | 0.01% |
845,119
+58,750
| +7% | +$1.07M |
|
1329
Harbor Dividend Growth Leaders ETF
GDIV
$236M
| $15.2M | 0.01% |
1,045,487
+71,853
| +7% | +$1.1M |
|
1330
Applied Industrial Technologies
AIT
$12.8B
| $15.2M | 0.01% |
68,279
+36,951
| +118% | +$9.11M |
|
1331
MasTec
MTZ
$21.1B
| $15.2M | 0.01% |
130,314
+109,794
| +535% | +$14.8M |
|
1332
Paycom
PAYC
$7.64B
| $15.2M | 0.01% |
69,509
+16,383
| +31% | +$3.46M |
|
1333
Toyota
TM
$224B
| $15.2M | 0.01% |
85,878
+9,429
| +12% | +$1.75M |
|
1334
Fidelity Value Factor ETF
FVAL
$1.3B
| $15.1M | 0.01% |
254,081
+64,192
| +34% | +$3.99M |
|
1335
First Trust Managed Futures Strategy Fund
FMF
$249M
| $15.1M | 0.01% |
328,203
+23,178
| +8% | +$1.09M |
|
1336
Strategy Shares Nasdaq 7HANDL Index ETF
HNDL
$630M
| $15.1M | 0.01% |
717,326
-72,364
| -9% | -$1.55M |
|
1337
First Trust Ultra Short Duration Municipal ETF
FUMB
$246M
| $15.1M | 0.01% |
752,563
-130,991
| -15% | -$2.63M |
|
1338
VanEck Green Bond ETF
GRNB
$184M
| $15.1M | 0.01% |
628,337
+37,360
| +6% | +$893K |
|
1339
Stride
LRN
$3.41B
| $15.1M | 0.01% |
119,382
+67,971
| +132% | +$8.59M |
|
|
AFGR
1340
First Trust Active Factor Large Cap Growth ETF
AFGR
$93M
| $15.1M | 0.01% |
552,829
+2,044
| +0.4% | +$62.1K |
|
1341
GoDaddy
GDDY
$11B
| $15.1M | 0.01% |
83,789
+17,680
| +27% | +$3.38M |
|
|
HDUS
1342
Hartford Disciplined US Equity ETF
HDUS
$202M
| $15.1M | 0.01% |
278,579
+142,529
| +105% | +$8.08M |
|
1343
Texas Pacific Land
TPL
$27.8B
| $15.1M | 0.01% |
34,140
-6,363
| -16% | -$2.84M |
|
1344
PGIM Active High Yield Bond ETF
PHYL
$1.32B
| $15M | 0.01% |
431,349
+179,539
| +71% | +$6.3M |
|
1345
Eagle Materials
EXP
$6.29B
| $15M | 0.01% |
67,559
+2,887
| +4% | +$685K |
|
1346
iShares Cybersecurity and Tech ETF
IHAK
$1B
| $14.9M | 0.01% |
318,148
-30,687
| -9% | -$1.53M |
|
1347
ROBO Global Robotics & Automation Index ETF
ROBO
$1.96B
| $14.9M | 0.01% |
288,852
-2,035
| -0.7% | -$117K |
|
1348
Vanguard Russell 2000 Value ETF
VTWV
$1.29B
| $14.8M | 0.01% |
111,571
+5,009
| +5% | +$713K |
|
1349
Twilio
TWLO
$30B
| $14.8M | 0.01% |
151,528
+4,871
| +3% | +$577K |
|
1350
iShares MSCI Italy ETF
EWI
$1.01B
| $14.8M | 0.01% |
348,660
-1,814
| -0.5% | -$72.8K |
|
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.