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 | |
|---|---|---|---|---|---|---|
2201
WBI Power Factor High Dividend ETF
WBIY
$64.4M
| $4.69M | ﹤0.01% |
159,032
+2,979
| +2% | +$89.4K |
|
2202
Anavex Life Sciences
AVXL
$292M
| $4.69M | ﹤0.01% |
546,626
+452,723
| +482% | +$4.27M |
|
2203
Donaldson
DCI
$11.4B
| $4.68M | ﹤0.01% |
69,858
+2,053
| +3% | +$142K |
|
2204
Invesco S&P 500 Value with Momentum ETF
SPVM
$132M
| $4.68M | ﹤0.01% |
81,582
+8,067
| +11% | +$471K |
|
|
QHY
2205
WisdomTree U.S. High Yield Corporate Bond Fund
QHY
$243M
| $4.67M | ﹤0.01% |
103,636
-2,165
| -2% | -$98.5K |
|
2206
Nuveen ESG International Developed Markets Equity ETF
NUDM
$720M
| $4.66M | ﹤0.01% |
146,462
+6,263
| +4% | +$199K |
|
|
WIW
2207
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$508M
| $4.66M | ﹤0.01% |
530,374
+85,809
| +19% | +$740K |
|
2208
Franco-Nevada
FNV
$42.2B
| $4.66M | ﹤0.01% |
29,564
-1,279
| -4% | -$179K |
|
2209
Fidelity Limited Term Bond ETF
FLTB
$415M
| $4.66M | ﹤0.01% |
92,958
-12,247
| -12% | -$611K |
|
2210
State Street SPDR S&P Health Care Equipment ETF
XHE
$165M
| $4.65M | ﹤0.01% |
56,557
-8,962
| -14% | -$801K |
|
2211
Cars.com
CARS
$668M
| $4.65M | ﹤0.01% |
412,282
+215,651
| +110% | +$3.28M |
|
2212
Rexford Industrial Realty
REXR
$8.25B
| $4.63M | ﹤0.01% |
118,265
+47,849
| +68% | +$1.92M |
|
2213
Qualys
QLYS
$5.67B
| $4.63M | ﹤0.01% |
36,751
+1,615
| +5% | +$218K |
|
2214
AutoNation
AN
$7.13B
| $4.62M | ﹤0.01% |
28,554
+5,462
| +24% | +$974K |
|
2215
Bio-Techne
TECH
$11.2B
| $4.62M | ﹤0.01% |
83,068
+1,267
| +2% | +$85.9K |
|
2216
VanEck Emerging Markets High Yield Bond ETF
HYEM
$521M
| $4.62M | ﹤0.01% |
234,997
+73,016
| +45% | +$1.44M |
|
2217
Ingredion
INGR
$6.6B
| $4.61M | ﹤0.01% |
34,130
-9,674
| -22% | -$1.28M |
|
2218
InvenTrust Properties
IVT
$2.66B
| $4.61M | ﹤0.01% |
156,983
-976
| -0.6% | -$28.8K |
|
2219
Blackstone Mortgage Trust
BXMT
$2.43B
| $4.6M | ﹤0.01% |
229,770
-4,796
| -2% | -$92.7K |
|
|
FIVA
2220
Fidelity International Value Factor ETF
FIVA
$597M
| $4.59M | ﹤0.01% |
172,147
+159,314
| +1,241% | +$4.16M |
|
2221
Franklin US Treasury Bond ETF
FLGV
$1.04B
| $4.59M | ﹤0.01% |
223,082
+104,607
| +88% | +$2.12M |
|
|
WTPI
2222
WisdomTree Equity Premium Income Fund
WTPI
$503M
| $4.59M | ﹤0.01% |
147,270
+13,269
| +10% | +$435K |
|
2223
iShares Agency Bond ETF
AGZ
$564M
| $4.58M | ﹤0.01% |
41,859
+14,709
| +54% | +$1.6M |
|
2224
VanEck Durable High Dividend ETF
DURA
$38.7M
| $4.58M | ﹤0.01% |
134,252
-2,296
| -2% | -$76.6K |
|
2225
Invesco Trust Investment Grade Municipals
VGM
$553M
| $4.58M | ﹤0.01% |
459,388
+97,916
| +27% | +$989K |
|
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.