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 | |
|---|---|---|---|---|---|---|
1951
First Solar
FSLR
$25B
| $6.37M | ﹤0.01% |
50,404
-3,271
| -6% | -$511K |
|
1952
iShares Emerging Markets Dividend ETF
DVYE
$1.22B
| $6.37M | ﹤0.01% |
233,490
+24,798
| +12% | +$661K |
|
1953
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
$506M
| $6.37M | ﹤0.01% |
148,274
-11,568
| -7% | -$492K |
|
1954
Freedom 100 Emerging Markets ETF
FRDM
$3.29B
| $6.35M | ﹤0.01% |
181,137
+23,030
| +15% | +$802K |
|
|
STXF
1955
Strive 500 ETF
STXF
$1.14B
| $6.33M | ﹤0.01% |
175,662
+22,643
| +15% | +$859K |
|
1956
JPMorgan ActiveBuilders Emerging Markets Equity ETF
JEMA
$1.63B
| $6.33M | ﹤0.01% |
165,454
+2,228
| +1% | +$85.7K |
|
1957
Fidelity MSCI Materials Index ETF
FMAT
$584M
| $6.33M | ﹤0.01% |
131,000
+20,946
| +19% | +$1.04M |
|
1958
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
QEMM
$54.8M
| $6.33M | ﹤0.01% |
109,688
-3,352
| -3% | -$194K |
|
1959
CRISPR Therapeutics
CRSP
$4.88B
| $6.31M | ﹤0.01% |
185,458
+35,732
| +24% | +$1.51M |
|
1960
Baxter International
BAX
$14.5B
| $6.29M | ﹤0.01% |
183,849
+32,805
| +22% | +$1.07M |
|
1961
AXIS Capital
AXS
$7.72B
| $6.29M | ﹤0.01% |
62,735
-216
| -0.3% | -$19.9K |
|
|
PCN
1962
PIMCO Corporate & Income Strategy Fund
PCN
$874M
| $6.28M | ﹤0.01% |
460,172
+44,947
| +11% | +$611K |
|
1963
Global X SuperIncome Preferred ETF
SPFF
$142M
| $6.27M | ﹤0.01% |
699,713
-33,108
| -5% | -$306K |
|
1964
iShares iBonds 2027 Term High Yield and Income ETF
IBHG
$506M
| $6.26M | ﹤0.01% |
280,538
+65,047
| +30% | +$1.46M |
|
1965
iShares New York Muni Bond ETF
NYF
$1.39B
| $6.26M | ﹤0.01% |
118,892
+5,253
| +5% | +$280K |
|
|
PPLT
1966
abrdn Physical Platinum Shares ETF
PPLT
$1.88B
| $6.26M | ﹤0.01% |
684,700
+90,410
| +15% | +$801K |
|
1967
C.H. Robinson
CHRW
$17.2B
| $6.25M | ﹤0.01% |
61,072
+5,424
| +10% | +$548K |
|
1968
Live Nation Entertainment
LYV
$42.3B
| $6.25M | ﹤0.01% |
47,892
-3,624
| -7% | -$495K |
|
1969
Mitsubishi UFJ Financial
MUFG
$254B
| $6.25M | ﹤0.01% |
458,231
+124,828
| +37% | +$1.61M |
|
1970
Lincoln Electric
LECO
$14.6B
| $6.24M | ﹤0.01% |
33,003
+554
| +2% | +$109K |
|
1971
Jabil
JBL
$33.4B
| $6.24M | ﹤0.01% |
45,878
+5,130
| +13% | +$789K |
|
|
HES
1972
DELISTED
Hess
HES
| $6.24M | ﹤0.01% |
39,065
+5,089
| +15% | +$748K |
|
1973
CACI
CACI
$11.3B
| $6.24M | ﹤0.01% |
16,655
+4,638
| +39% | +$1.77M |
|
1974
Invesco S&P 500 Equal Weight Consumer Discretionary ETF
RSPD
$330M
| $6.23M | ﹤0.01% |
124,927
+5,943
| +5% | +$316K |
|
1975
Graco
GGG
$13B
| $6.22M | ﹤0.01% |
74,529
+6,335
| +9% | +$536K |
|
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.