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 | |
|---|---|---|---|---|---|---|
2301
Campbell Soup
CPB
$6.79B
| $4.19M | ﹤0.01% |
104,903
-3,612
| -3% | -$142K |
|
2302
Gladstone Capital
GLAD
$437M
| $4.19M | ﹤0.01% |
152,422
-2,158
| -1% | -$61.5K |
|
|
CSW
2303
CSW Industrials
CSW
$5.69B
| $4.17M | ﹤0.01% |
14,299
+1,254
| +10% | +$407K |
|
|
HQL
2304
abrdn Life Sciences Investors
HQL
$599M
| $4.17M | ﹤0.01% |
328,402
+41,307
| +14% | +$559K |
|
2305
Paylocity
PCTY
$7.67B
| $4.17M | ﹤0.01% |
23,140
+4,033
| +21% | +$806K |
|
2306
Kayne Anderson Energy Infrastructure Fund
KYN
$2.42B
| $4.16M | ﹤0.01% |
323,887
+23,098
| +8% | +$298K |
|
2307
Helen of Troy
HELE
$658M
| $4.15M | ﹤0.01% |
77,553
+31,328
| +68% | +$1.81M |
|
2308
Matador Resources
MTDR
$6.06B
| $4.15M | ﹤0.01% |
81,175
+14,461
| +22% | +$799K |
|
2309
Nuveen Core Plus Impact Fund
NPCT
$281M
| $4.15M | ﹤0.01% |
387,785
+91,089
| +31% | +$979K |
|
2310
Rambus
RMBS
$10.9B
| $4.14M | ﹤0.01% |
80,016
+16,652
| +26% | +$978K |
|
2311
CALL
VanEck Semiconductor ETF
SMH
$72.3B
| $4.12M | ﹤0.01% |
19,500
+15,900
| +442% | +$3.81M |
|
2312
Innovator US Equity Buffer ETF January
BJAN
$347M
| $4.12M | ﹤0.01% |
88,325
+15,812
| +22% | +$761K |
|
2313
Global X DAX Germany ETF
DAX
$236M
| $4.12M | ﹤0.01% |
105,299
+21,285
| +25% | +$800K |
|
2314
InfraCap MLP ETF
AMZA
$468M
| $4.12M | ﹤0.01% |
86,632
+2,889
| +3% | +$136K |
|
2315
Glacier Bancorp
GBCI
$6.63B
| $4.11M | ﹤0.01% |
93,052
-17,993
| -16% | -$867K |
|
|
DSM
2316
BNY Mellon Strategic Municipal Bond Fund
DSM
$288M
| $4.11M | ﹤0.01% |
712,095
+48,150
| +7% | +$284K |
|
2317
Angel Oak UltraShort Income ETF
UYLD
$1.57B
| $4.11M | ﹤0.01% |
80,415
+11,329
| +16% | +$580K |
|
2318
Prospect Capital
PSEC
$1.13B
| $4.11M | ﹤0.01% |
1,001,866
+13,209
| +1% | +$56.8K |
|
|
STK
2319
Columbia Seligman Premium Technology Growth Fund
STK
$901M
| $4.11M | ﹤0.01% |
146,773
+25,912
| +21% | +$815K |
|
2320
Gold Fields
GFI
$30.5B
| $4.1M | ﹤0.01% |
185,592
+157,801
| +568% | +$2.89M |
|
2321
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
| $4.09M | ﹤0.01% |
375,124
-18,651
| -5% | -$207K |
|
2322
Fidelity Quality Factor ETF
FQAL
$1.45B
| $4.08M | ﹤0.01% |
63,577
+9,566
| +18% | +$635K |
|
2323
Nuveen California Quality Municipal Income Fund
NAC
$1.84B
| $4.07M | ﹤0.01% |
362,391
+49,468
| +16% | +$562K |
|
2324
Principal Exchange-Traded Funds Principal Quality ETF
PSET
$29.1M
| $4.06M | ﹤0.01% |
61,568
+6,164
| +11% | +$437K |
|
|
NHS
2325
Neuberger High Yield Strategies Fund Inc
NHS
$254M
| $4.06M | ﹤0.01% |
531,125
-30,610
| -5% | -$236K |
|
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.