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 | |
|---|---|---|---|---|---|---|
1426
Expedia Group
EXPE
$35.4B
| $13M | 0.01% |
77,128
+15,904
| +26% | +$2.9M |
|
1427
Invesco AI and Next Gen Software ETF
IGPT
$1.15B
| $13M | 0.01% |
320,131
+32,202
| +11% | +$1.47M |
|
1428
Leidos
LDOS
$14.5B
| $13M | 0.01% |
95,988
-13,861
| -13% | -$1.93M |
|
1429
Haleon
HLN
$43.5B
| $12.9M | 0.01% |
1,256,449
+95,990
| +8% | +$945K |
|
1430
UGI
UGI
$7.74B
| $12.9M | 0.01% |
390,791
-8,029
| -2% | -$254K |
|
1431
J.M. Smucker
SJM
$12.7B
| $12.9M | 0.01% |
108,649
+14,497
| +15% | +$1.57M |
|
1432
First Trust Mid Cap Value AlphaDEX Fund
FNK
$228M
| $12.9M | 0.01% |
254,934
-6,833
| -3% | -$362K |
|
1433
Electronic Arts
EA
$53B
| $12.8M | 0.01% |
88,703
-6,185
| -7% | -$835K |
|
1434
Brookfield
BN
$104B
| $12.8M | 0.01% |
366,257
+28,403
| +8% | +$1.07M |
|
1435
Davis Select Financial ETF
DFNL
$460M
| $12.8M | 0.01% |
325,696
+20,578
| +7% | +$814K |
|
1436
Avantis US Large Cap Equity ETF
AVLC
$1.37B
| $12.7M | 0.01% |
198,440
+78,273
| +65% | +$5.31M |
|
1437
PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
PRFD
$222M
| $12.7M | 0.01% |
251,971
-3,316
| -1% | -$167K |
|
1438
RELX
RELX
$61.8B
| $12.7M | 0.01% |
252,566
+21,977
| +10% | +$1.08M |
|
1439
iShares MSCI Emerging Markets Asia ETF
EEMA
$833M
| $12.7M | ﹤0.01% |
171,725
-176,244
| -51% | -$13M |
|
1440
Amplify Junior Silver Miners ETF
SILJ
$3.18B
| $12.7M | ﹤0.01% |
1,048,801
+361,487
| +53% | +$4.08M |
|
1441
Mueller Industries
MLI
$14.7B
| $12.7M | ﹤0.01% |
333,672
+11,590
| +4% | +$463K |
|
1442
iShares US Equity Factor ETF
LRGF
$3.58B
| $12.7M | ﹤0.01% |
218,801
+46,421
| +27% | +$2.83M |
|
1443
JPMorgan BetaBuilders Canada ETF
BBCA
$10.9B
| $12.7M | ﹤0.01% |
176,916
+7,630
| +5% | +$550K |
|
|
CHY
1444
Calamos Convertible and High Income Fund
CHY
$1.01B
| $12.7M | ﹤0.01% |
1,253,404
+50,572
| +4% | +$559K |
|
1445
iShares Morningstar Mid-Cap Value ETF
IMCV
$1.14B
| $12.6M | ﹤0.01% |
170,079
+12,315
| +8% | +$927K |
|
1446
iShares iBonds 2026 Term High Yield and Income ETF
IBHF
$821M
| $12.6M | ﹤0.01% |
542,299
+130,384
| +32% | +$3.03M |
|
1447
Conagra Brands
CAG
$6.94B
| $12.6M | ﹤0.01% |
471,254
+21,715
| +5% | +$560K |
|
1448
Cooper Companies
COO
$14.1B
| $12.5M | ﹤0.01% |
148,261
+6,657
| +5% | +$596K |
|
1449
Franklin FTSE United Kingdom ETF
FLGB
$910M
| $12.5M | ﹤0.01% |
436,122
+225,219
| +107% | +$6.27M |
|
1450
Celestica
CLS
$38.1B
| $12.5M | ﹤0.01% |
158,302
+3,931
| +3% | +$417K |
|
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.