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 | |
|---|---|---|---|---|---|---|
|
GHY
2101
PGIM Global High Yield Fund
GHY
$481M
| $5.3M | ﹤0.01% |
394,569
+37,922
| +11% | +$498K |
|
2102
STAG Industrial
STAG
$7.33B
| $5.28M | ﹤0.01% |
146,309
+10,048
| +7% | +$350K |
|
|
IMVP
2103
Invesco India ETF
IMVP
$116M
| $5.28M | ﹤0.01% |
211,292
-15,201
| -7% | -$373K |
|
2104
Solventum
SOLV
$15.1B
| $5.27M | ﹤0.01% |
69,325
-2,960
| -4% | -$220K |
|
2105
Vanguard US Value Factor ETF
VFVA
$915M
| $5.27M | ﹤0.01% |
46,214
+36,668
| +384% | +$4.37M |
|
|
FOVL
2106
DELISTED
iShares Focused Value Factor ETF
FOVL
| $5.27M | ﹤0.01% |
75,596
+34,353
| +83% | +$2.46M |
|
2107
Carriage Services
CSV
$638M
| $5.27M | ﹤0.01% |
135,893
+74,193
| +120% | +$2.95M |
|
2108
Invesco S&P Global Water Index ETF
CGW
$1.07B
| $5.25M | ﹤0.01% |
94,329
+4,949
| +6% | +$273K |
|
2109
Hull Tactical US ETF
HTUS
$162M
| $5.25M | ﹤0.01% |
144,134
+12,819
| +10% | +$489K |
|
2110
Invesco Biotechnology & Genome ETF
PBE
$287M
| $5.25M | ﹤0.01% |
82,764
-9,341
| -10% | -$629K |
|
2111
Opus Small Cap Value ETF
OSCV
$716M
| $5.25M | ﹤0.01% |
150,579
+6,540
| +5% | +$238K |
|
2112
BlackRock Resources & Commodities Strategy Trust
BCX
$912M
| $5.25M | ﹤0.01% |
562,325
-61,162
| -10% | -$557K |
|
|
PDT
2113
John Hancock Premium Dividend Fund
PDT
$632M
| $5.25M | ﹤0.01% |
400,994
-1,040
| -0.3% | -$13.3K |
|
2114
Xtrackers MSCI EAFE High Dividend Yield Equity ETF
HDEF
$2.33B
| $5.24M | ﹤0.01% |
193,250
-72,177
| -27% | -$1.88M |
|
2115
Fox Class A
FOXA
$24.6B
| $5.24M | ﹤0.01% |
92,662
+48,871
| +112% | +$2.58M |
|
|
P
2116
Everpure Inc
P
$28.7B
| $5.24M | ﹤0.01% |
118,368
+21,812
| +23% | +$1.32M |
|
2117
Invesco Municipal Trust
VKQ
$542M
| $5.23M | ﹤0.01% |
542,278
+103,374
| +24% | +$1.02M |
|
|
TOPT
2118
iShares Top 20 U.S. Stocks ETF
TOPT
$686M
| $5.22M | ﹤0.01% |
+219,211
| New | +$5.61M |
|
2119
iShares MSCI Poland ETF
EPOL
$753M
| $5.21M | ﹤0.01% |
186,044
+29,225
| +19% | +$736K |
|
2120
Brookfield Infrastructure Partners
BIP
$18.5B
| $5.2M | ﹤0.01% |
174,576
+15,482
| +10% | +$486K |
|
|
ANSS
2121
DELISTED
Ansys
ANSS
| $5.2M | ﹤0.01% |
16,423
+4,050
| +33% | +$1.36M |
|
2122
Vanguard US Quality Factor ETF
VFQY
$493M
| $5.18M | ﹤0.01% |
38,781
-47,018
| -55% | -$6.66M |
|
2123
Schwab International Dividend Equity ETF
SCHY
$2.53B
| $5.18M | ﹤0.01% |
204,190
-292,124
| -59% | -$7.12M |
|
|
ACP
2124
abrdn Income Credit Strategies Fund
ACP
$632M
| $5.18M | ﹤0.01% |
879,775
+98,338
| +13% | +$593K |
|
2125
FT Vest US Equity Moderate Buffer ETF May
GMAY
$539M
| $5.16M | ﹤0.01% |
142,265
+54,906
| +63% | +$2.04M |
|
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.