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 | |
|---|---|---|---|---|---|---|
|
UFOX
1526
Defiance Space and Connective Tech ETF
UFOX
$835M
| $11M | ﹤0.01% |
259,591
-1,116
| -0.4% | -$53K |
|
1527
First Trust Materials AlphaDEX Fund
FXZ
$368M
| $11M | ﹤0.01% |
198,844
-49,452
| -20% | -$2.86M |
|
1528
CDW
CDW
$18.9B
| $11M | ﹤0.01% |
68,736
+26,604
| +63% | +$4.83M |
|
1529
First Trust Small Cap Value AlphaDEX Fund
FYT
$191M
| $11M | ﹤0.01% |
220,729
-8,018
| -4% | -$427K |
|
1530
RBC Bearings
RBC
$17.4B
| $11M | ﹤0.01% |
34,447
+7,614
| +28% | +$2.57M |
|
1531
Cohen & Steers Closed End Opportunity Fund
FOF
$377M
| $11M | ﹤0.01% |
907,966
-5,633
| -0.6% | -$70.1K |
|
1532
Natera
NTRA
$38.3B
| $11M | ﹤0.01% |
77,478
-2,854
| -4% | -$459K |
|
1533
SoundHound AI
SOUN
$2.67B
| $10.9M | ﹤0.01% |
1,346,805
+93,833
| +7% | +$1.17M |
|
1534
Reddit
RDDT
$27.1B
| $10.9M | ﹤0.01% |
104,230
+38,446
| +58% | +$6.35M |
|
1535
Curtiss-Wright
CW
$26.7B
| $10.9M | ﹤0.01% |
34,311
+9,242
| +37% | +$3.12M |
|
1536
Schwab Fundamental US Small Company Index ETF
FNDA
$9.12B
| $10.9M | ﹤0.01% |
396,466
+35,085
| +10% | +$1.03M |
|
1537
Gartner
IT
$10.1B
| $10.8M | ﹤0.01% |
25,843
-4,883
| -16% | -$2.41M |
|
1538
Quest Diagnostics
DGX
$25.7B
| $10.8M | ﹤0.01% |
63,955
+13,789
| +27% | +$2.27M |
|
1539
Gabelli Dividend & Income Trust
GDV
$2.6B
| $10.8M | ﹤0.01% |
448,090
+39,590
| +10% | +$972K |
|
1540
State Street SPDR S&P Global Natural Resources ETF
GNR
$4.79B
| $10.8M | ﹤0.01% |
202,937
+44,731
| +28% | +$2.36M |
|
1541
Lamar Advertising Co
LAMR
$16.2B
| $10.8M | ﹤0.01% |
94,782
+763
| +0.8% | +$92.9K |
|
1542
Saia
SAIA
$9.27B
| $10.8M | ﹤0.01% |
30,807
+5,426
| +21% | +$2.36M |
|
1543
Invesco NASDAQ Next Gen 100 ETF
QQQJ
$1.12B
| $10.8M | ﹤0.01% |
370,825
+3,784
| +1% | +$118K |
|
1544
Ollie's Bargain Outlet
OLLI
$4.44B
| $10.8M | ﹤0.01% |
94,919
-12,061
| -11% | -$1.28M |
|
1545
JD.com
JD
$44.6B
| $10.7M | ﹤0.01% |
261,391
+83,021
| +47% | +$3.33M |
|
1546
Sunoco
SUN
$14.4B
| $10.7M | ﹤0.01% |
184,925
+6,986
| +4% | +$395K |
|
1547
iShares US Oil & Gas Exploration & Production ETF
IEO
$580M
| $10.7M | ﹤0.01% |
113,519
+1,638
| +1% | +$153K |
|
1548
Kinsale Capital Group
KNSL
$8.12B
| $10.7M | ﹤0.01% |
22,664
+2,249
| +11% | +$1.01M |
|
|
FSCS
1549
First Trust SMID Capital Strength ETF
FSCS
$58M
| $10.7M | ﹤0.01% |
309,068
+15,185
| +5% | +$539K |
|
1550
iShares MSCI Singapore ETF
EWS
$1.04B
| $10.7M | ﹤0.01% |
448,554
+27,001
| +6% | +$621K |
|
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.