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 | |
|---|---|---|---|---|---|---|
176
JPMorgan BetaBuilders US Equity ETF
BBUS
$8.63B
| $283M | 0.11% |
2,806,216
+413,121
| +17% | +$43.9M |
|
177
Amgen
AMGN
$209B
| $282M | 0.11% |
903,878
+76,536
| +9% | +$22.6M |
|
178
Oracle
ORCL
$339B
| $281M | 0.11% |
2,007,023
+167,938
| +9% | +$27.3M |
|
179
Capital Group Core Plus Income ETF
CGCP
$8.38B
| $278M | 0.11% |
12,405,221
+3,884,005
| +46% | +$86.9M |
|
180
Lockheed Martin
LMT
$131B
| $278M | 0.11% |
621,755
+11,607
| +2% | +$5.34M |
|
181
Union Pacific
UNP
$174B
| $277M | 0.11% |
1,173,009
+51,011
| +5% | +$12.3M |
|
182
WisdomTree US LargeCap Dividend Fund
DLN
$6.21B
| $275M | 0.11% |
3,459,506
+495,251
| +17% | +$39.5M |
|
183
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $274M | 0.11% |
5,915,853
-131,650
| -2% | -$6.02M |
|
184
iShares Russell Mid-Cap Growth ETF
IWP
$19.4B
| $270M | 0.11% |
2,298,746
+144,339
| +7% | +$18.6M |
|
185
Invesco S&P 500 Low Volatility ETF
SPLV
$7.24B
| $268M | 0.1% |
3,584,663
+593,238
| +20% | +$42.8M |
|
186
Pfizer
PFE
$143B
| $266M | 0.1% |
10,510,766
+533,763
| +5% | +$14M |
|
187
VictoryShares Free Cash Flow ETF
VFLO
$8.99B
| $262M | 0.1% |
7,635,991
+3,521,070
| +86% | +$124M |
|
188
First Trust NASDAQ Cybersecurity ETF
CIBR
$13.9B
| $261M | 0.1% |
4,147,552
+460,276
| +12% | +$30.6M |
|
189
WisdomTree International Hedged Quality Dividend Growth Fund
IHDG
$2.2B
| $260M | 0.1% |
5,983,959
+160,203
| +3% | +$7.27M |
|
190
Palo Alto Networks
PANW
$256B
| $259M | 0.1% |
1,523,018
+20,895
| +1% | +$3.86M |
|
191
Vanguard Small-Cap Value ETF
VBR
$37.2B
| $259M | 0.1% |
1,389,827
+101,988
| +8% | +$20.1M |
|
192
Global X US Infrastructure Development ETF
PAVE
$13.5B
| $259M | 0.1% |
6,854,471
+78,008
| +1% | +$3.16M |
|
193
Capital Group Global Growth Equity ETF
CGGO
$11B
| $256M | 0.1% |
9,035,420
+2,289,572
| +34% | +$68M |
|
194
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $256M | 0.1% |
3,237,616
+185,476
| +6% | +$14.5M |
|
195
Invesco S&P 500 GARP ETF
SPGP
$2.25B
| $255M | 0.1% |
2,557,114
-655,924
| -20% | -$69.1M |
|
196
iShares Russell Mid-Cap ETF
IWR
$55.9B
| $255M | 0.1% |
2,992,592
+350,651
| +13% | +$31.3M |
|
197
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.46B
| $254M | 0.1% |
5,023,739
+124,420
| +3% | +$6.31M |
|
198
First Trust Preferred Securities and Income ETF
FPE
$6.3B
| $253M | 0.1% |
14,362,757
+1,334,701
| +10% | +$23.7M |
|
199
Amplify CWP Enhanced Dividend Income ETF
DIVO
$7.45B
| $252M | 0.1% |
6,181,267
+669,375
| +12% | +$27.7M |
|
200
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $250M | 0.1% |
8,135,980
-315,713
| -4% | -$9.95M |
|
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.