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 | |
|---|---|---|---|---|---|---|
1501
Essential Utilities
WTRG
$11.3B
| $11.7M | ﹤0.01% |
295,308
+6,839
| +2% | +$251K |
|
1502
Generac Holdings
GNRC
$11.6B
| $11.7M | ﹤0.01% |
92,102
-5,390
| -6% | -$773K |
|
1503
First Trust Exchange-Traded Fund VI First Trust S&P 500 Diversified Dividend Aristocrats ETF
KNGZ
$63.4M
| $11.7M | ﹤0.01% |
362,097
-24,018
| -6% | -$792K |
|
|
PRMB
1504
Primo Brands
PRMB
$8.24B
| $11.6M | ﹤0.01% |
328,209
+310,329
| +1,736% | +$10.1M |
|
1505
iShares US Transportation ETF
IYT
$2.26B
| $11.6M | ﹤0.01% |
181,845
-91,109
| -33% | -$6.28M |
|
1506
HP
HPQ
$24.9B
| $11.6M | ﹤0.01% |
418,733
+2,763
| +0.7% | +$87.4K |
|
|
SHYM
1507
iShares Short Duration High Yield Muni Active ETF
SHYM
$795M
| $11.6M | ﹤0.01% |
510,732
+159,271
| +45% | +$3.63M |
|
1508
Warner Bros
WBD
$65.9B
| $11.5M | ﹤0.01% |
1,076,134
+81,815
| +8% | +$856K |
|
1509
Timothy Plan US Large/Mid Cap Core ETF
TPLC
$306M
| $11.4M | ﹤0.01% |
269,604
+12,796
| +5% | +$558K |
|
1510
Old Republic International
ORI
$10.5B
| $11.4M | ﹤0.01% |
291,198
+5,428
| +2% | +$199K |
|
1511
Global X Lithium & Battery Tech ETF
LIT
$1.51B
| $11.4M | ﹤0.01% |
293,573
-58,469
| -17% | -$2.4M |
|
1512
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
| $11.4M | ﹤0.01% |
1,016,980
+150,595
| +17% | +$1.72M |
|
1513
Booz Allen Hamilton
BAH
$8.39B
| $11.4M | ﹤0.01% |
108,551
+861
| +0.8% | +$104K |
|
1514
iShares US Basic Materials ETF
IYM
$1.12B
| $11.3M | ﹤0.01% |
83,942
+7,315
| +10% | +$996K |
|
1515
First Trust Natural Gas ETF
FCG
$647M
| $11.2M | ﹤0.01% |
452,424
-79,077
| -15% | -$1.98M |
|
1516
iShares iBonds Dec 2028 Term Treasury ETF
IBTI
$1.88B
| $11.2M | ﹤0.01% |
505,230
+143,434
| +40% | +$3.16M |
|
1517
JPMorgan US Momentum Factor ETF
JMOM
$2.48B
| $11.2M | ﹤0.01% |
198,346
-42,717
| -18% | -$2.54M |
|
1518
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.44B
| $11.2M | ﹤0.01% |
470,591
-35,281
| -7% | -$921K |
|
|
QVMT
1519
Invesco S&P 500 Concentrated QVM ETF
QVMT
$130M
| $11.1M | ﹤0.01% |
215,300
+696
| +0.3% | +$35.6K |
|
1520
Coca-Cola Europacific Partners
CCEP
$48.3B
| $11.1M | ﹤0.01% |
127,804
+10,104
| +9% | +$824K |
|
1521
HEICO Corp Class A
HEI.A
$36B
| $11.1M | ﹤0.01% |
52,541
+4,797
| +10% | +$930K |
|
1522
Simplify Stable Income ETF
BUCK
$480M
| $11.1M | ﹤0.01% |
449,105
+379,871
| +549% | +$9.36M |
|
1523
Nuveen Quality Municipal Income Fund
NAD
$2.74B
| $11.1M | ﹤0.01% |
961,343
+231,254
| +32% | +$2.72M |
|
1524
Mine Safety
MSA
$7.35B
| $11.1M | ﹤0.01% |
75,358
+418
| +0.6% | +$66.6K |
|
1525
State Street
STT
$50.6B
| $11M | ﹤0.01% |
123,407
+7,656
| +7% | +$731K |
|
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.