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 | |
|---|---|---|---|---|---|---|
1351
iShares MSCI France ETF
EWQ
$335M
| $14.7M | 0.01% |
369,486
+54,696
| +17% | +$2.15M |
|
1352
AGF US Market Neutral Anti-Beta Fund
BTAL
$304M
| $14.7M | 0.01% |
703,101
+293,893
| +72% | +$5.57M |
|
1353
Goldman Sachs Access High Yield Corporate Bond ETF
GHYB
$134M
| $14.6M | 0.01% |
328,205
+24,959
| +8% | +$1.12M |
|
1354
Teledyne Technologies
TDY
$30.4B
| $14.6M | 0.01% |
29,365
+999
| +4% | +$494K |
|
1355
AllianceBernstein
AB
$3.43B
| $14.6M | 0.01% |
380,837
+9,628
| +3% | +$362K |
|
1356
iShares Morningstar US Equity ETF
ILCB
$1.27B
| $14.6M | 0.01% |
188,613
-1,072,885
| -85% | -$87.4M |
|
1357
Tyson Foods
TSN
$20.4B
| $14.5M | 0.01% |
227,851
+18,885
| +9% | +$1.11M |
|
1358
Cohen & Steers Infrastructure Fund
UTF
$3.11B
| $14.5M | 0.01% |
566,245
+31,993
| +6% | +$782K |
|
1359
First Trust Horizon Managed Volatility Domestic ETF
HUSV
$75.9M
| $14.4M | 0.01% |
359,301
+58,101
| +19% | +$2.27M |
|
1360
Invesco Taxable Municipal Bond ETF
BAB
$1.02B
| $14.4M | 0.01% |
541,184
+176
| +0% | +$4.66K |
|
1361
Hartford Municipal Opportunities ETF
HMOP
$777M
| $14.4M | 0.01% |
374,640
+79,676
| +27% | +$3.08M |
|
1362
Watsco Inc
WSO
$12.7B
| $14.4M | 0.01% |
28,338
+781
| +3% | +$385K |
|
1363
Harbor International Compounders ETF
OSEA
$484M
| $14.4M | 0.01% |
541,831
-58,119
| -10% | -$1.56M |
|
1364
First Trust Multi Cap Growth AlphaDEX Fund
FAD
$560M
| $14.4M | 0.01% |
110,986
+22,026
| +25% | +$3.06M |
|
1365
Dimensional National Municipal Bond ETF
DFNM
$2.23B
| $14.3M | 0.01% |
301,351
+28,017
| +10% | +$1.34M |
|
1366
First Trust Europe AlphaDEX Fund
FEP
$526M
| $14.3M | 0.01% |
350,310
+106,165
| +43% | +$4.16M |
|
1367
KeyCorp
KEY
$24.2B
| $14.3M | 0.01% |
892,621
-39,161
| -4% | -$664K |
|
1368
BlackRock Core Bond Trust
BHK
$643M
| $14.2M | 0.01% |
1,311,417
+88,803
| +7% | +$938K |
|
1369
Centene
CNC
$30.7B
| $14.2M | 0.01% |
233,626
+16,698
| +8% | +$1.01M |
|
1370
Agilent Technologies
A
$39.1B
| $14.2M | 0.01% |
121,147
+4,468
| +4% | +$602K |
|
1371
Phillips Edison & Co
PECO
$5.46B
| $14.2M | 0.01% |
388,084
+17,448
| +5% | +$630K |
|
1372
Carlisle Companies
CSL
$14.3B
| $14.1M | 0.01% |
41,476
-5,915
| -12% | -$2.12M |
|
1373
VanEck Inflation Allocation ETF
RAAX
$1.12B
| $14.1M | 0.01% |
463,901
+46,129
| +11% | +$1.36M |
|
1374
Atlassian
TEAM
$25.6B
| $14.1M | 0.01% |
66,397
+14,863
| +29% | +$3.92M |
|
1375
iShares US Healthcare Providers ETF
IHF
$1.21B
| $14.1M | 0.01% |
266,827
-25,927
| -9% | -$1.33M |
|
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.