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 | |
|---|---|---|---|---|---|---|
1801
BlackRock Floating Rate Income Trust
BGT
$322M
| $7.69M | ﹤0.01% |
619,277
+132,953
| +27% | +$1.68M |
|
1802
Calvert Ultra-Short Investment Grade ETF
CVSB
$223M
| $7.69M | ﹤0.01% |
151,943
-31,207
| -17% | -$1.58M |
|
1803
Invesco International Developed Dynamic Multifactor ETF
IMFL
$1.03B
| $7.68M | ﹤0.01% |
311,875
+64,961
| +26% | +$1.61M |
|
1804
Lloyds Banking Group
LYG
$90.8B
| $7.67M | ﹤0.01% |
2,008,083
+127,898
| +7% | +$423K |
|
1805
Ralph Lauren
RL
$22.6B
| $7.65M | ﹤0.01% |
34,658
+15,510
| +81% | +$3.84M |
|
1806
Cambria Global Asset Allocation ETF
GAA
$72.1M
| $7.64M | ﹤0.01% |
262,423
+2,017
| +0.8% | +$58.5K |
|
1807
EMQQ The Emerging Markets Internet & Ecommerce ETF
EMQQ
$279M
| $7.64M | ﹤0.01% |
200,133
-14,199
| -7% | -$532K |
|
1808
Innovator US Equity Power Buffer ETF February
PFEB
$921M
| $7.63M | ﹤0.01% |
213,131
+96,387
| +83% | +$3.54M |
|
1809
Rivian
RIVN
$22.2B
| $7.62M | ﹤0.01% |
612,403
+3,719
| +0.6% | +$46.8K |
|
1810
Boyd Gaming
BYD
$6.16B
| $7.62M | ﹤0.01% |
115,799
+3,543
| +3% | +$260K |
|
1811
Invesco Fundamental Investment Grade Corporate Bond ETF
PFIG
$117M
| $7.6M | ﹤0.01% |
319,208
+38,075
| +14% | +$900K |
|
1812
Columbia India Consumer ETF
INCO
$236M
| $7.6M | ﹤0.01% |
127,651
-36,882
| -22% | -$2.22M |
|
1813
Invesco S&P International Developed Low Volatility ETF
IDLV
$345M
| $7.59M | ﹤0.01% |
250,182
+54,111
| +28% | +$1.58M |
|
1814
Comfort Systems
FIX
$62.3B
| $7.58M | ﹤0.01% |
23,520
+922
| +4% | +$372K |
|
1815
Carlyle Group
CG
$17.6B
| $7.57M | ﹤0.01% |
173,645
+8,425
| +5% | +$418K |
|
1816
Invesco International Corporate Bond ETF
PICB
$360M
| $7.57M | ﹤0.01% |
340,711
+40,396
| +13% | +$884K |
|
1817
Pacer Cash Cows Fund of Funds ETF
HERD
$101M
| $7.53M | ﹤0.01% |
200,952
-1,760
| -0.9% | -$67.8K |
|
1818
Stanley Black & Decker
SWK
$14.8B
| $7.52M | ﹤0.01% |
97,879
+1,799
| +2% | +$152K |
|
1819
Invesco Senior Income Trust
VVR
$457M
| $7.52M | ﹤0.01% |
2,004,676
+19,634
| +1% | +$79.1K |
|
1820
Toll Brothers
TOL
$14.1B
| $7.51M | ﹤0.01% |
71,162
-18,622
| -21% | -$2.24M |
|
1821
FT Vest US Equity Buffer ETF January
FJAN
$1.44B
| $7.49M | ﹤0.01% |
168,774
+7,033
| +4% | +$322K |
|
1822
Dollar Tree
DLTR
$24.9B
| $7.45M | ﹤0.01% |
99,280
+5,104
| +5% | +$365K |
|
1823
Performance Food Group
PFGC
$18B
| $7.44M | ﹤0.01% |
98,044
+4,861
| +5% | +$406K |
|
1824
e.l.f. Beauty
ELF
$4.87B
| $7.43M | ﹤0.01% |
118,287
+53,669
| +83% | +$4.67M |
|
1825
iShares ESG Screened S&P 500 ETF
XVV
$658M
| $7.42M | ﹤0.01% |
173,473
+29,807
| +21% | +$1.35M |
|
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.