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 | |
|---|---|---|---|---|---|---|
|
AVK
2076
Advent Convertible and Income Fund
AVK
$556M
| $5.47M | ﹤0.01% |
474,550
-23,967
| -5% | -$286K |
|
2077
Medpace
MEDP
$16B
| $5.47M | ﹤0.01% |
18,374
+414
| +2% | +$139K |
|
|
ETHA
2078
iShares Ethereum Trust ETF
ETHA
$5.39B
| $5.46M | ﹤0.01% |
395,311
+115,180
| +41% | +$2.3M |
|
|
PENG
2079
Penguin Solutions Inc
PENG
$2.84B
| $5.46M | ﹤0.01% |
314,518
+12,896
| +4% | +$254K |
|
2080
iShares Core MSCI Pacific ETF
IPAC
$2.69B
| $5.45M | ﹤0.01% |
87,547
+3,838
| +5% | +$240K |
|
2081
Park Hotels & Resorts
PK
$3.07B
| $5.43M | ﹤0.01% |
508,004
+130,399
| +35% | +$1.65M |
|
|
EXE
2082
Expand Energy Corp
EXE
$21.4B
| $5.43M | ﹤0.01% |
48,734
-11,965
| -20% | -$1.24M |
|
2083
CubeSmart
CUBE
$9.43B
| $5.41M | ﹤0.01% |
126,572
+17,962
| +17% | +$751K |
|
2084
Amplify International Enhanced Dividend Income ETF
IDVO
$1.36B
| $5.4M | ﹤0.01% |
171,570
+51,687
| +43% | +$1.63M |
|
|
BBT
2085
Beacon Financial Corp
BBT
$2.71B
| $5.39M | ﹤0.01% |
206,516
+506
| +0.2% | +$14.1K |
|
2086
Pinnacle West Capital
PNW
$12.2B
| $5.38M | ﹤0.01% |
56,446
-4,404
| -7% | -$393K |
|
2087
Pan American Silver
PAAS
$19B
| $5.37M | ﹤0.01% |
207,724
+21,008
| +11% | +$503K |
|
2088
Invesco Food & Beverage ETF
PBJ
$107M
| $5.36M | ﹤0.01% |
116,703
-11,797
| -9% | -$548K |
|
2089
Selective Insurance
SIGI
$5.71B
| $5.36M | ﹤0.01% |
58,594
+4,288
| +8% | +$376K |
|
2090
Pilgrim's Pride
PPC
$6.39B
| $5.36M | ﹤0.01% |
98,394
+56,568
| +135% | +$2.83M |
|
2091
Nutrien
NTR
$31.9B
| $5.36M | ﹤0.01% |
107,957
+3,225
| +3% | +$165K |
|
|
SF
2092
Stifel
SF
$12.8B
| $5.36M | ﹤0.01% |
93,981
+7,068
| +8% | +$498K |
|
2093
Peabody Energy
BTU
$2.7B
| $5.36M | ﹤0.01% |
395,549
+311,230
| +369% | +$5.01M |
|
2094
Inspire Global Hope ETF
BLES
$163M
| $5.35M | ﹤0.01% |
141,879
+4,763
| +3% | +$182K |
|
2095
Infosys
INFY
$49.5B
| $5.34M | ﹤0.01% |
292,857
+50,930
| +21% | +$1.06M |
|
2096
Dillards
DDS
$9.57B
| $5.34M | ﹤0.01% |
14,916
+578
| +4% | +$249K |
|
2097
Simplify Enhanced Income ETF
HIGH
$70.6M
| $5.34M | ﹤0.01% |
243,253
-117,112
| -32% | -$2.67M |
|
2098
Five Below
FIVE
$12.1B
| $5.34M | ﹤0.01% |
71,226
+5,000
| +8% | +$439K |
|
2099
Group 1 Automotive
GPI
$3.42B
| $5.32M | ﹤0.01% |
13,933
+2,678
| +24% | +$1.17M |
|
2100
CF Industries
CF
$18B
| $5.3M | ﹤0.01% |
67,789
+14,965
| +28% | +$1.26M |
|
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.