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 | |
|---|---|---|---|---|---|---|
1751
iShares Latin America 40 ETF
ILF
$3.82B
| $8.22M | ﹤0.01% |
349,088
+135,081
| +63% | +$3.1M |
|
|
EFAA
1752
Invesco MSCI EAFE Income Advantage ETF
EFAA
$622M
| $8.22M | ﹤0.01% |
+168,603
| New | +$8.2M |
|
|
SILA
1753
DELISTED
Sila Realty Trust
SILA
| $8.2M | ﹤0.01% |
307,186
-38,116
| -11% | -$951K |
|
1754
Franklin US Equity Index ETF
USPX
$2.03B
| $8.19M | ﹤0.01% |
167,190
+88,815
| +113% | +$4.58M |
|
1755
nVent Electric
NVT
$25.8B
| $8.18M | ﹤0.01% |
156,049
+16,006
| +11% | +$1.01M |
|
|
POWR
1756
iShares U.S. Power Infrastructure ETF
POWR
$458M
| $8.18M | ﹤0.01% |
328,807
+14,650
| +5% | +$349K |
|
1757
Allison Transmission
ALSN
$9.65B
| $8.17M | ﹤0.01% |
85,375
+8,031
| +10% | +$852K |
|
1758
BlackRock Enhanced Captial and Income Fund
CII
$1B
| $8.14M | ﹤0.01% |
440,725
+14,833
| +3% | +$297K |
|
1759
IES Holdings
IESC
$14.4B
| $8.13M | ﹤0.01% |
49,264
+2,838
| +6% | +$592K |
|
1760
OneMain Financial
OMF
$7.44B
| $8.13M | ﹤0.01% |
166,275
+4,439
| +3% | +$235K |
|
1761
ALPS Strategic Income Fund
RIGS
$60.6M
| $8.12M | ﹤0.01% |
351,520
+7,999
| +2% | +$183K |
|
1762
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.72B
| $8.12M | ﹤0.01% |
6,760
-397
| -6% | -$479K |
|
1763
Pacer Swan SOS Fund of Funds ETF
PSFF
$596M
| $8.12M | ﹤0.01% |
284,263
-58,619
| -17% | -$1.72M |
|
1764
Dick's Sporting Goods
DKS
$18B
| $8.09M | ﹤0.01% |
40,151
-8,177
| -17% | -$1.83M |
|
1765
First Trust Dividend Strength ETF
FTDS
$38.9M
| $8.09M | ﹤0.01% |
158,871
+22,450
| +16% | +$1.16M |
|
1766
Willis Towers Watson
WTW
$31.7B
| $8.06M | ﹤0.01% |
23,861
-2,090
| -8% | -$681K |
|
1767
Louisiana-Pacific
LPX
$5.15B
| $8.06M | ﹤0.01% |
87,642
+24,313
| +38% | +$2.54M |
|
1768
Independence Realty Trust
IRT
$3.95B
| $8.03M | ﹤0.01% |
378,245
-13,018
| -3% | -$262K |
|
1769
State Street SPDR Dow Jones Global Real Estate ETF
RWO
$1.31B
| $8.02M | ﹤0.01% |
183,833
-56,357
| -23% | -$2.46M |
|
1770
Keysight
KEYS
$55B
| $8M | ﹤0.01% |
53,432
+2,836
| +6% | +$468K |
|
1771
Invesco BulletShares 2027 Municipal Bond ETF
BSMR
$347M
| $7.98M | ﹤0.01% |
338,907
+40,529
| +14% | +$958K |
|
1772
Vanguard Total Corporate Bond ETF
VTC
$1.72B
| $7.96M | ﹤0.01% |
103,682
+7,789
| +8% | +$594K |
|
1773
Cheniere Energy
CQP
$32.4B
| $7.95M | ﹤0.01% |
120,393
+36,307
| +43% | +$2.25M |
|
1774
iShares Global Clean Energy ETF
ICLN
$2.35B
| $7.95M | ﹤0.01% |
696,062
-60,691
| -8% | -$692K |
|
1775
VanEck Video Gaming and eSports ETF
ESPO
$246M
| $7.95M | ﹤0.01% |
92,115
+11,116
| +14% | +$986K |
|
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.