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 | |
|---|---|---|---|---|---|---|
1926
iShares iBonds Dec 2028 Term Muni Bond ETF
IBMQ
$660M
| $6.55M | ﹤0.01% |
258,931
+42,992
| +20% | +$1.09M |
|
1927
iShares International Small Cap Equity Factor ETF
ISCF
$664M
| $6.55M | ﹤0.01% |
194,374
-15,654
| -7% | -$522K |
|
1928
Bahl & Gaynor Small/Mid Cap Income Growth ETF
SMIG
$1.5B
| $6.54M | ﹤0.01% |
229,196
+76,571
| +50% | +$2.24M |
|
1929
Evercore
EVR
$12.4B
| $6.51M | ﹤0.01% |
32,615
+402
| +1% | +$100K |
|
1930
SPS Commerce
SPSC
$2.64B
| $6.49M | ﹤0.01% |
50,015
+3,454
| +7% | +$543K |
|
1931
Textron
TXT
$14.7B
| $6.48M | ﹤0.01% |
89,732
+4,204
| +5% | +$315K |
|
1932
iShares MSCI Sweden ETF
EWD
$584M
| $6.48M | ﹤0.01% |
154,064
+9,696
| +7% | +$408K |
|
1933
iShares iBonds Dec 2029 Term Treasury ETF
IBTJ
$1.34B
| $6.48M | ﹤0.01% |
297,756
+173,854
| +140% | +$3.73M |
|
1934
Chemed
CHE
$7.07B
| $6.48M | ﹤0.01% |
10,527
+1,185
| +13% | +$674K |
|
1935
Skyworks Solutions
SWKS
$9.37B
| $6.46M | ﹤0.01% |
99,895
-21,588
| -18% | -$1.64M |
|
1936
RLI Corp
RLI
$5.62B
| $6.45M | ﹤0.01% |
80,291
+4,439
| +6% | +$338K |
|
1937
Global X FinTech ETF
FINX
$172M
| $6.44M | ﹤0.01% |
233,801
+51,048
| +28% | +$1.58M |
|
1938
WisdomTree Yield Enhanced US Short-Term Aggregate Bond Fund
SHAG
$47.2M
| $6.44M | ﹤0.01% |
135,290
+6,299
| +5% | +$299K |
|
1939
State Street SPDR S&P Emerging Asia Pacific ETF
GMF
$430M
| $6.44M | ﹤0.01% |
55,669
+29,777
| +115% | +$3.47M |
|
1940
VictoryShares US Small Cap High Div Volatility Wtd ETF
CSB
$272M
| $6.43M | ﹤0.01% |
111,994
+5,747
| +5% | +$341K |
|
1941
Golub Capital BDC
GBDC
$3.34B
| $6.42M | ﹤0.01% |
424,266
+58,907
| +16% | +$904K |
|
1942
Avantis Short-Term Fixed Income ETF
AVSF
$654M
| $6.41M | ﹤0.01% |
137,247
+18,075
| +15% | +$838K |
|
1943
Arbor Realty Trust
ABR
$964M
| $6.41M | ﹤0.01% |
545,427
-51,493
| -9% | -$666K |
|
1944
First Trust STOXX European Select Dividend Income Fund
FDD
$894M
| $6.4M | ﹤0.01% |
471,712
+153,821
| +48% | +$1.93M |
|
1945
HEICO Corp
HEI
$49.8B
| $6.4M | ﹤0.01% |
23,951
-5,939
| -20% | -$1.45M |
|
1946
Antero Midstream
AM
$10.4B
| $6.39M | ﹤0.01% |
355,245
+36,468
| +11% | +$604K |
|
1947
Yum China
YUMC
$16.5B
| $6.39M | ﹤0.01% |
122,814
+3,761
| +3% | +$180K |
|
1948
Innovator US Equity Power Buffer ETF March
PMAR
$767M
| $6.38M | ﹤0.01% |
159,870
+114,949
| +256% | +$4.65M |
|
1949
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $6.38M | ﹤0.01% |
468,694
+70,715
| +18% | +$879K |
|
1950
Mettler-Toledo International
MTD
$28.6B
| $6.38M | ﹤0.01% |
5,404
+758
| +16% | +$968K |
|
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.