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 | |
|---|---|---|---|---|---|---|
1876
UBS Group
UBS
$173B
| $6.93M | ﹤0.01% |
226,246
+30,617
| +16% | +$1.02M |
|
1877
BNY Mellon Core Bond ETF
BKAG
$2.22B
| $6.93M | ﹤0.01% |
164,465
+4,469
| +3% | +$186K |
|
1878
Thomson Reuters
TRI
$44.4B
| $6.93M | ﹤0.01% |
39,477
+12,232
| +45% | +$2.11M |
|
1879
A.O. Smith
AOS
$8.25B
| $6.93M | ﹤0.01% |
105,960
+31,527
| +42% | +$2.13M |
|
1880
NatWest
NWG
$77.3B
| $6.91M | ﹤0.01% |
580,100
+279,156
| +93% | +$3.13M |
|
1881
Exelixis
EXEL
$13.8B
| $6.91M | ﹤0.01% |
187,097
+79,885
| +75% | +$2.85M |
|
1882
National Fuel Gas
NFG
$7.87B
| $6.91M | ﹤0.01% |
87,216
-9,772
| -10% | -$703K |
|
1883
Amplify AI Powered Equity ETF
AIEQ
$122M
| $6.9M | ﹤0.01% |
187,074
+17,044
| +10% | +$677K |
|
1884
Synchrony
SYF
$25.3B
| $6.89M | ﹤0.01% |
130,209
+8,069
| +7% | +$499K |
|
|
WBA
1885
DELISTED
Walgreens Boots Alliance
WBA
| $6.89M | ﹤0.01% |
616,619
-274,997
| -31% | -$2.99M |
|
1886
Sumitomo Mitsui Financial
SMFG
$160B
| $6.89M | ﹤0.01% |
445,354
+120,362
| +37% | +$1.83M |
|
1887
Vanguard ESG International Stock ETF
VSGX
$6.55B
| $6.88M | ﹤0.01% |
116,713
-3,432
| -3% | -$203K |
|
|
IBTP
1888
iShares iBonds Dec 2034 Term Treasury ETF
IBTP
$284M
| $6.88M | ﹤0.01% |
268,015
+152,246
| +132% | +$3.83M |
|
1889
Owens Corning
OC
$11.5B
| $6.85M | ﹤0.01% |
47,949
-28,798
| -38% | -$4.76M |
|
1890
Cambria Foreign Shareholder Yield ETF
FYLD
$709M
| $6.84M | ﹤0.01% |
253,900
+59,369
| +31% | +$1.56M |
|
1891
Cleveland-Cliffs
CLF
$6.4B
| $6.83M | ﹤0.01% |
830,759
+157,493
| +23% | +$1.6M |
|
|
BTC
1892
Grayscale Bitcoin Mini Trust ETF
BTC
$3.38B
| $6.81M | ﹤0.01% |
186,754
-5,537
| -3% | -$228K |
|
1893
JPMorgan High Yield Municipal ETF
JMHI
$291M
| $6.8M | ﹤0.01% |
134,638
+29,267
| +28% | +$1.48M |
|
1894
Penumbra
PEN
$12.7B
| $6.79M | ﹤0.01% |
25,408
+15,922
| +168% | +$4.31M |
|
1895
AptarGroup
ATR
$8.73B
| $6.79M | ﹤0.01% |
47,234
+4,451
| +10% | +$670K |
|
1896
Churchill Downs
CHDN
$5.82B
| $6.79M | ﹤0.01% |
61,158
+20,802
| +52% | +$2.49M |
|
1897
Badger Meter
BMI
$3.97B
| $6.79M | ﹤0.01% |
36,705
-10,095
| -22% | -$2.11M |
|
1898
Sterling Infrastructure
STRL
$18.8B
| $6.78M | ﹤0.01% |
59,863
-4,987
| -8% | -$702K |
|
1899
Rocket Lab Corp
RKLB
$44B
| $6.76M | ﹤0.01% |
378,208
+128,335
| +51% | +$3.08M |
|
1900
Commerce Bancshares
CBSH
$8.59B
| $6.75M | ﹤0.01% |
113,939
+33,512
| +42% | +$2.04M |
|
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.