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 | |
|---|---|---|---|---|---|---|
1826
ProShares High Yield-Interest Rate Hedged ETF
HYHG
$186M
| $7.42M | ﹤0.01% |
115,857
+15,217
| +15% | +$998K |
|
1827
iShares MSCI United Kingdom ETF
EWU
$4.13B
| $7.41M | ﹤0.01% |
197,782
-16,313
| -8% | -$590K |
|
1828
Texas Roadhouse
TXRH
$13.8B
| $7.4M | ﹤0.01% |
45,294
+9,342
| +26% | +$1.65M |
|
1829
iShares ESG Screened S&P Mid-Cap ETF
XJH
$423M
| $7.38M | ﹤0.01% |
188,785
+88,073
| +87% | +$3.67M |
|
1830
Wynn Resorts
WYNN
$10.2B
| $7.37M | ﹤0.01% |
88,226
+13,533
| +18% | +$1.15M |
|
1831
State Street SPDR US Small Cap Low Volatility Index ETF
SMLV
$262M
| $7.37M | ﹤0.01% |
59,946
+10,466
| +21% | +$1.34M |
|
1832
Direxion Daily Financial Bull 3x ETF
FAS
$2.42B
| $7.35M | ﹤0.01% |
46,469
+40,288
| +652% | +$6.65M |
|
1833
Shift4
FOUR
$4.31B
| $7.34M | ﹤0.01% |
89,801
-11,490
| -11% | -$1.18M |
|
|
X
1834
DELISTED
US Steel
X
| $7.33M | ﹤0.01% |
173,364
+407
| +0.2% | +$15.4K |
|
1835
Trex
TREX
$4.66B
| $7.32M | ﹤0.01% |
126,027
-1,430
| -1% | -$92.9K |
|
1836
Inspire Corporate Bond ETF
IBD
$489M
| $7.32M | ﹤0.01% |
308,288
+58,370
| +23% | +$1.38M |
|
1837
Harbor Ares Systematic High Yield ETF
SIHY
$149M
| $7.31M | ﹤0.01% |
163,734
+51,911
| +46% | +$2.38M |
|
|
TLN
1838
Talen Energy Corp
TLN
$16.5B
| $7.3M | ﹤0.01% |
36,568
+13,078
| +56% | +$2.84M |
|
1839
TG Therapeutics
TGTX
$7.07B
| $7.3M | ﹤0.01% |
185,063
+1
| +0% | +$34 |
|
1840
Rithm Capital
RITM
$5.62B
| $7.28M | ﹤0.01% |
635,769
+5,616
| +0.9% | +$65K |
|
1841
Dimensional US Real Estate ETF
DFAR
$1.79B
| $7.28M | ﹤0.01% |
306,073
+8,305
| +3% | +$196K |
|
1842
Illumina
ILMN
$30B
| $7.27M | ﹤0.01% |
91,606
+8,739
| +11% | +$946K |
|
1843
WisdomTree Artificial Intelligence and Innovation Fund
WTAI
$641M
| $7.26M | ﹤0.01% |
382,133
+25,430
| +7% | +$560K |
|
1844
ClearBridge Dividend Strategy ESG ETF
YLDE
$169M
| $7.26M | ﹤0.01% |
140,209
+42,343
| +43% | +$2.19M |
|
1845
SEI Investments
SEIC
$12.5B
| $7.25M | ﹤0.01% |
93,455
+5,291
| +6% | +$425K |
|
1846
US Treasury 10 Year Note ETF
UTEN
$287M
| $7.25M | ﹤0.01% |
165,029
+32,349
| +24% | +$1.39M |
|
1847
MidCap Financial Investment
MFIC
$801M
| $7.23M | ﹤0.01% |
562,137
+138,454
| +33% | +$1.88M |
|
|
NFJ
1848
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.42B
| $7.21M | ﹤0.01% |
594,485
+377,371
| +174% | +$4.77M |
|
1849
State Street SPDR S&P Global Dividend ETF
WDIV
$278M
| $7.2M | ﹤0.01% |
110,546
+5,888
| +6% | +$374K |
|
1850
VanEck Short High Yield Muni ETF
SHYD
$451M
| $7.19M | ﹤0.01% |
319,847
+36,919
| +13% | +$837K |
|
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.