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 | |
|---|---|---|---|---|---|---|
2001
Invesco S&P SmallCap Industrials ETF
PSCI
$194M
| $5.98M | ﹤0.01% |
50,363
-1,384
| -3% | -$183K |
|
|
OXLC
2002
Oxford Lane Capital
OXLC
$903M
| $5.97M | ﹤0.01% |
252,992
+73,523
| +41% | +$1.83M |
|
2003
Global X Autonomous & Electric Vehicles ETF
DRIV
$417M
| $5.96M | ﹤0.01% |
281,878
-55,268
| -16% | -$1.28M |
|
2004
Inspire Small/Mid Cap Impact ETF
ISMD
$341M
| $5.96M | ﹤0.01% |
174,594
+9,160
| +6% | +$337K |
|
2005
Davis Select Worldwide ETF
DWLD
$619M
| $5.96M | ﹤0.01% |
158,053
+6,137
| +4% | +$233K |
|
2006
iShares iBonds Dec 2032 Term Corporate ETF
IBDX
$1.71B
| $5.94M | ﹤0.01% |
237,871
+28,875
| +14% | +$714K |
|
2007
Bright Horizons
BFAM
$4.01B
| $5.94M | ﹤0.01% |
46,787
+6,719
| +17% | +$825K |
|
2008
Innovator US Equity Buffer ETF April
BAPR
$408M
| $5.94M | ﹤0.01% |
139,787
+39,204
| +39% | +$1.74M |
|
2009
iShares MSCI Emerging Markets Small-Cap ETF
EEMS
$355M
| $5.92M | ﹤0.01% |
106,472
+1,246
| +1% | +$70.9K |
|
2010
Jones Lang LaSalle
JLL
$16.8B
| $5.91M | ﹤0.01% |
23,833
+11,548
| +94% | +$3.04M |
|
2011
JPMorgan Core Plus Bond ETF
JCPB
$13.9B
| $5.91M | ﹤0.01% |
125,598
-9,889
| -7% | -$460K |
|
2012
H&R Block
HRB
$5.73B
| $5.89M | ﹤0.01% |
107,190
+8,598
| +9% | +$460K |
|
2013
Charter Communications
CHTR
$17.2B
| $5.88M | ﹤0.01% |
15,957
+3,194
| +25% | +$1.14M |
|
2014
Amplify BlueStar Israel Technology ETF
ITEQ
$115M
| $5.87M | ﹤0.01% |
120,303
+6,098
| +5% | +$321K |
|
2015
Invesco DB US Dollar Index Bullish Fund
UUP
$424M
| $5.87M | ﹤0.01% |
205,819
-12,049
| -6% | -$350K |
|
|
GTLS
2016
DELISTED
Chart Industries
GTLS
| $5.86M | ﹤0.01% |
40,602
+19,459
| +92% | +$3.58M |
|
2017
Charles River Laboratories
CRL
$11.1B
| $5.86M | ﹤0.01% |
40,070
-6,872
| -15% | -$1.15M |
|
2018
NetApp
NTAP
$35.9B
| $5.86M | ﹤0.01% |
66,668
-25,783
| -28% | -$2.85M |
|
2019
Tradeweb Markets
TW
$21.5B
| $5.85M | ﹤0.01% |
39,428
+11,799
| +43% | +$1.57M |
|
2020
Teck Resources
TECK
$29.5B
| $5.84M | ﹤0.01% |
160,256
+7,929
| +5% | +$329K |
|
2021
ITT
ITT
$17.7B
| $5.83M | ﹤0.01% |
45,130
+1,938
| +4% | +$276K |
|
2022
AerCap
AER
$24.2B
| $5.82M | ﹤0.01% |
56,976
-9,939
| -15% | -$984K |
|
2023
Post Holdings
POST
$4.09B
| $5.82M | ﹤0.01% |
50,009
+245
| +0.5% | +$27.2K |
|
2024
First Trust NASDAQ ABA Community Bank Index Fund
QABA
$94.2M
| $5.82M | ﹤0.01% |
111,247
-39,918
| -26% | -$2.21M |
|
2025
iShares MSCI USA Small-Cap Min Vol Factor ETF
SMMV
$290M
| $5.81M | ﹤0.01% |
140,053
-4,038
| -3% | -$168K |
|
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.