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 | |
|---|---|---|---|---|---|---|
2251
Equity Residential
EQR
$25.4B
| $4.44M | ﹤0.01% |
61,979
+1,080
| +2% | +$76.3K |
|
2252
VanEck Pharmaceutical ETF
PPH
$913M
| $4.42M | ﹤0.01% |
48,486
-8,887
| -15% | -$800K |
|
2253
Capital Southwest
CSWC
$1.54B
| $4.41M | ﹤0.01% |
197,678
+28,624
| +17% | +$646K |
|
2254
WisdomTree US AI Enhanced Value Fund
AIVL
$435M
| $4.4M | ﹤0.01% |
40,073
+1,370
| +4% | +$150K |
|
2255
ScottsMiracle-Gro
SMG
$3.86B
| $4.4M | ﹤0.01% |
80,096
+16,504
| +26% | +$1.07M |
|
2256
Range Resources
RRC
$9.28B
| $4.38M | ﹤0.01% |
109,707
-4,093
| -4% | -$157K |
|
|
IGR
2257
CBRE Global Real Estate Income Fund
IGR
$709M
| $4.38M | ﹤0.01% |
848,820
+69,744
| +9% | +$360K |
|
2258
Chewy
CHWY
$9.87B
| $4.37M | ﹤0.01% |
134,487
+13,818
| +11% | +$496K |
|
2259
Hasbro
HAS
$12.9B
| $4.37M | ﹤0.01% |
71,059
-2,520
| -3% | -$152K |
|
2260
iShares US Tech Independence Focused ETF
IETC
$715M
| $4.37M | ﹤0.01% |
58,279
+21,902
| +60% | +$1.83M |
|
|
TYG
2261
Tortoise Energy Infrastructure Corp
TYG
$1.08B
| $4.36M | ﹤0.01% |
101,371
+38,223
| +61% | +$1.69M |
|
2262
Toro Company
TTC
$9.44B
| $4.36M | ﹤0.01% |
59,986
+2,551
| +4% | +$202K |
|
2263
VictoryShares US Multi-Factor Minimum Volatility ETF
VSMV
$157M
| $4.34M | ﹤0.01% |
89,703
+1,053
| +1% | +$51.3K |
|
2264
PIMCO Broad US TIPS Index Exchange-Traded Fund
TIPZ
$88.3M
| $4.34M | ﹤0.01% |
80,525
+42,315
| +111% | +$2.23M |
|
2265
FT Vest US Equity Moderate Buffer ETF June
GJUN
$530M
| $4.34M | ﹤0.01% |
123,469
+68,344
| +124% | +$2.47M |
|
2266
Gentex
GNTX
$5.14B
| $4.34M | ﹤0.01% |
186,281
-2,973
| -2% | -$76K |
|
2267
Ovintiv
OVV
$16.8B
| $4.34M | ﹤0.01% |
101,389
+11,897
| +13% | +$508K |
|
2268
AeroVironment
AVAV
$8.55B
| $4.34M | ﹤0.01% |
36,383
-16,402
| -31% | -$2.52M |
|
2269
SBA Communications
SBAC
$19.9B
| $4.34M | ﹤0.01% |
19,707
+1,994
| +11% | +$417K |
|
2270
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
$2.52B
| $4.33M | ﹤0.01% |
177,772
+21,609
| +14% | +$518K |
|
2271
BlackRock Multi-Sector Income Trust
BIT
$698M
| $4.33M | ﹤0.01% |
299,314
-283,407
| -49% | -$4.15M |
|
2272
Nuveen Global High Income Fund
JGH
$354M
| $4.33M | ﹤0.01% |
331,144
+28,144
| +9% | +$369K |
|
2273
Amplify Online Retail ETF
IBUY
$112M
| $4.33M | ﹤0.01% |
71,976
-8,339
| -10% | -$550K |
|
2274
Telus
TU
$15B
| $4.31M | ﹤0.01% |
300,831
+21,304
| +8% | +$312K |
|
2275
Upstart Holdings
UPST
$2.9B
| $4.31M | ﹤0.01% |
93,630
+9,911
| +12% | +$616K |
|
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.