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 | |
|---|---|---|---|---|---|---|
2051
iShares USD Green Bond ETF
BGRN
$502M
| $5.67M | ﹤0.01% |
119,656
-30,910
| -21% | -$1.45M |
|
2052
Exponent
EXPO
$3.3B
| $5.67M | ﹤0.01% |
69,904
+31
| +0% | +$2.7K |
|
|
RMT
2053
Royce Micro-Cap Trust
RMT
$757M
| $5.66M | ﹤0.01% |
671,106
+78,528
| +13% | +$742K |
|
2054
Trinity Capital Inc.
TRIN
$1.63B
| $5.65M | ﹤0.01% |
372,983
+325,753
| +690% | +$5.06M |
|
2055
Franklin FTSE India ETF
FLIN
$2.69B
| $5.63M | ﹤0.01% |
152,905
-35,095
| -19% | -$1.27M |
|
2056
Invesco BulletShares 2031 High Yield Corporate Bond ETF
BSJV
$107M
| $5.63M | ﹤0.01% |
216,318
+27,353
| +14% | +$720K |
|
2057
Petrobras
PBR
$121B
| $5.62M | ﹤0.01% |
392,254
+54,086
| +16% | +$746K |
|
2058
First Trust Horizon Managed Volatility Developed International ETF
HDMV
$17.5M
| $5.61M | ﹤0.01% |
174,650
+8,788
| +5% | +$268K |
|
2059
iShares Global Comm Services ETF
IXP
$575M
| $5.59M | ﹤0.01% |
57,597
+1,454
| +3% | +$147K |
|
2060
Alnylam Pharmaceuticals
ALNY
$28.9B
| $5.58M | ﹤0.01% |
20,679
+2,107
| +11% | +$541K |
|
2061
Teleflex
TFX
$6.21B
| $5.58M | ﹤0.01% |
40,365
+5,434
| +16% | +$880K |
|
2062
Global X S&P 500 Risk Managed Income ETF
XRMI
$50.1M
| $5.55M | ﹤0.01% |
301,190
+4,140
| +1% | +$79.2K |
|
2063
Franklin US Core Dividend Tilt Index ETF
UDIV
$145M
| $5.55M | ﹤0.01% |
126,984
+41,616
| +49% | +$1.91M |
|
2064
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$84.7M
| $5.55M | ﹤0.01% |
51,228
+23,849
| +87% | +$2.59M |
|
2065
Home BancShares
HOMB
$6.31B
| $5.55M | ﹤0.01% |
196,229
-2,176
| -1% | -$63.6K |
|
2066
Boston Properties
BXP
$11.2B
| $5.54M | ﹤0.01% |
82,496
+31,546
| +62% | +$2.21M |
|
|
PR
2067
Permian Resources
PR
$17.2B
| $5.54M | ﹤0.01% |
400,186
+176,424
| +79% | +$2.53M |
|
2068
ProShares Short QQQ
PSQ
$726M
| $5.54M | ﹤0.01% |
136,272
+50,741
| +59% | +$1.92M |
|
2069
Genpact
G
$5.96B
| $5.53M | ﹤0.01% |
109,819
+73,551
| +203% | +$3.65M |
|
2070
VanEck CEF Muni Income ETF
XMPT
$219M
| $5.52M | ﹤0.01% |
255,403
-17,563
| -6% | -$384K |
|
2071
Vodafone
VOD
$36.1B
| $5.52M | ﹤0.01% |
589,039
-81,746
| -12% | -$718K |
|
2072
FT Vest US Equity Buffer ETF December
FDEC
$1.34B
| $5.5M | ﹤0.01% |
126,706
-438,506
| -78% | -$19.6M |
|
2073
Mercury Systems
MRCY
$6.63B
| $5.49M | ﹤0.01% |
129,295
+76,549
| +145% | +$3.35M |
|
2074
ProShares Nasdaq-100 High Income ETF
IQQQ
$408M
| $5.48M | ﹤0.01% |
141,162
-2,271
| -2% | -$95.4K |
|
2075
Eaton Vance Floating-Rate ETF
EVLN
$1.4B
| $5.48M | ﹤0.01% |
110,852
+50,992
| +85% | +$2.56M |
|
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.