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 | |
|---|---|---|---|---|---|---|
1701
BellRing Brands
BRBR
$1.51B
| $8.71M | ﹤0.01% |
116,995
+79,481
| +212% | +$5.84M |
|
1702
Steris
STE
$22.7B
| $8.7M | ﹤0.01% |
38,400
+2,696
| +8% | +$593K |
|
1703
Toronto Dominion Bank
TD
$200B
| $8.7M | ﹤0.01% |
145,176
-3,593
| -2% | -$209K |
|
1704
Innovator US Equity Power Buffer ETF May
PMAY
$811M
| $8.68M | ﹤0.01% |
242,466
+141,903
| +141% | +$5.13M |
|
|
CRF
1705
Cornerstone Total Return Fund
CRF
$1.15B
| $8.66M | ﹤0.01% |
1,230,542
+68,752
| +6% | +$558K |
|
1706
VanEck Short Muni ETF
SMB
$311M
| $8.64M | ﹤0.01% |
504,161
-49,481
| -9% | -$849K |
|
1707
Fortive
FTV
$18B
| $8.62M | ﹤0.01% |
156,374
-30,712
| -16% | -$1.8M |
|
|
FSGS
1708
First Trust SMID Growth Strength ETF
FSGS
$31.4M
| $8.61M | ﹤0.01% |
315,068
+17,481
| +6% | +$510K |
|
|
K
1709
DELISTED
Kellanova
K
| $8.61M | ﹤0.01% |
104,422
-1,903
| -2% | -$156K |
|
1710
Vanguard S&P Small-Cap 600 Value ETF
VIOV
$1.88B
| $8.61M | ﹤0.01% |
102,632
-15,170
| -13% | -$1.38M |
|
1711
First Trust Emerging Markets Local Currency Bond ETF
FEMB
$359M
| $8.61M | ﹤0.01% |
320,255
+5,027
| +2% | +$135K |
|
1712
FT Vest US Equity Buffer ETF June
FJUN
$1.38B
| $8.61M | ﹤0.01% |
172,524
-5,002
| -3% | -$258K |
|
1713
US Global Jets ETF
JETS
$804M
| $8.6M | ﹤0.01% |
414,049
-8,130
| -2% | -$199K |
|
1714
Roundhill Generative AI & Technology ETF
CHAT
$1.84B
| $8.59M | ﹤0.01% |
246,437
+68,522
| +39% | +$2.75M |
|
|
PFN
1715
PIMCO Income Strategy Fund II
PFN
$699M
| $8.59M | ﹤0.01% |
1,138,700
+29,534
| +3% | +$222K |
|
1716
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$577M
| $8.57M | ﹤0.01% |
220,032
-116,235
| -35% | -$4.53M |
|
1717
SS&C Technologies
SSNC
$18.6B
| $8.54M | ﹤0.01% |
102,246
+16,191
| +19% | +$1.34M |
|
1718
FlexShares Ultra-Short Income Fund
RAVI
$1.49B
| $8.52M | ﹤0.01% |
112,770
-9,171
| -8% | -$691K |
|
1719
BNY Mellon Global Infrastructure Income ETF
BKGI
$1.29B
| $8.52M | ﹤0.01% |
247,139
+177,696
| +256% | +$5.75M |
|
1720
Vale
VALE
$62B
| $8.5M | ﹤0.01% |
851,424
+115,979
| +16% | +$1.1M |
|
1721
FT Vest Buffered Allocation Defensive ETF
BUFT
$157M
| $8.48M | ﹤0.01% |
377,793
+19,843
| +6% | +$449K |
|
1722
iShares Residential and Multisector Real Estate ETF
REZ
$874M
| $8.46M | ﹤0.01% |
97,916
-82,895
| -46% | -$6.92M |
|
1723
iShares US Pharmaceuticals ETF
IHE
$1.61B
| $8.46M | ﹤0.01% |
119,866
+38,678
| +48% | +$2.69M |
|
1724
Zebra Technologies
ZBRA
$13.9B
| $8.45M | ﹤0.01% |
29,903
-3,903
| -12% | -$1.33M |
|
1725
Putnam Focused Large Cap Growth ETF
PGRO
$208M
| $8.44M | ﹤0.01% |
243,921
+52,251
| +27% | +$1.98M |
|
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.