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 | |
|---|---|---|---|---|---|---|
|
IPG
1401
DELISTED
Interpublic Group of Companies
IPG
| $13.6M | 0.01% |
500,207
+34,753
| +7% | +$953K |
|
1402
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$429M
| $13.6M | 0.01% |
174,202
-24,619
| -12% | -$2.15M |
|
1403
Raymond James Financial
RJF
$33.8B
| $13.6M | 0.01% |
97,699
+7
| +0% | +$1.09K |
|
1404
Invesco Zacks Mid-Cap ETF
CZA
$190M
| $13.6M | 0.01% |
130,453
-58,024
| -31% | -$6.12M |
|
1405
Global Payments
GPN
$23B
| $13.5M | 0.01% |
138,024
+11,594
| +9% | +$1.21M |
|
1406
Sixth Street Specialty
TSLX
$1.63B
| $13.5M | 0.01% |
603,544
+29,685
| +5% | +$661K |
|
1407
VeriSign
VRSN
$26.2B
| $13.5M | 0.01% |
53,194
+5,818
| +12% | +$1.32M |
|
1408
Janus Henderson Securitized Income ETF
JSI
$1.51B
| $13.5M | 0.01% |
257,533
+146,536
| +132% | +$7.63M |
|
1409
Ball Corp
BALL
$17.3B
| $13.5M | 0.01% |
258,661
-4,884
| -2% | -$256K |
|
1410
HSBC
HSBC
$365B
| $13.4M | 0.01% |
233,650
+80,132
| +52% | +$4.38M |
|
1411
ProShares Investment Grade-Interest Rate Hedged
IGHG
$330M
| $13.4M | 0.01% |
174,336
+8,379
| +5% | +$652K |
|
1412
Convergence Long/Short Equity ETF
CLSE
$793M
| $13.4M | 0.01% |
619,408
-100,705
| -14% | -$2.29M |
|
1413
Jacobs Solutions
J
$15.9B
| $13.4M | 0.01% |
111,643
+4,658
| +4% | +$600K |
|
1414
AGNC Investment
AGNC
$12.4B
| $13.3M | 0.01% |
1,392,082
+153,187
| +12% | +$1.53M |
|
1415
American Century Quality Diversified International ETF
QINT
$665M
| $13.3M | 0.01% |
256,972
+16,336
| +7% | +$834K |
|
1416
Ventas
VTR
$48B
| $13.3M | 0.01% |
193,593
-32,788
| -14% | -$2.09M |
|
1417
Global X Copper Miners ETF NEW
COPX
$7.29B
| $13.3M | 0.01% |
340,587
+38,023
| +13% | +$1.52M |
|
1418
Invesco International BuyBack Achievers ETF
IPKW
$551M
| $13.2M | 0.01% |
288,679
+151,170
| +110% | +$6.61M |
|
1419
Invesco 0-5 Yr US TIPS ETF
PBTP
$106M
| $13.2M | 0.01% |
507,208
-55,073
| -10% | -$1.42M |
|
1420
IQ MacKay Municipal Insured ETF
MMIN
$463M
| $13.1M | 0.01% |
556,109
-325,278
| -37% | -$7.77M |
|
|
EVV
1421
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $13.1M | 0.01% |
1,315,745
+145,159
| +12% | +$1.47M |
|
1422
iShares Global Healthcare ETF
IXJ
$4.07B
| $13.1M | 0.01% |
143,558
-2,203
| -2% | -$200K |
|
1423
iShares MSCI India Small-Cap ETF
SMIN
$756M
| $13.1M | 0.01% |
192,135
+58,364
| +44% | +$3.98M |
|
1424
Dimensional US High Profitability ETF
DUHP
$12.2B
| $13.1M | 0.01% |
394,567
+73,605
| +23% | +$2.53M |
|
1425
Masco
MAS
$14.1B
| $13.1M | 0.01% |
187,893
+12,686
| +7% | +$949K |
|
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.