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 | |
|---|---|---|---|---|---|---|
|
ASG
2326
Liberty All-Star Growth Fund
ASG
$339M
| $4.06M | ﹤0.01% |
829,802
-8,966
| -1% | -$48.5K |
|
2327
ProShares UltraPro Russell2000
URTY
$353M
| $4.05M | ﹤0.01% |
+118,052
| New | +$5.4M |
|
2328
GraniteShares HIPS US High Income ETF
HIPS
$113M
| $4.05M | ﹤0.01% |
318,224
+16,019
| +5% | +$208K |
|
|
LEAD
2329
DELISTED
Siren DIVCON Leaders Dividend ETF
LEAD
| $4.04M | ﹤0.01% |
62,374
-14,309
| -19% | -$960K |
|
2330
Hamilton Lane
HLNE
$5.61B
| $4.04M | ﹤0.01% |
27,170
+17,354
| +177% | +$2.64M |
|
2331
Global X Internet of Things ETF
SNSR
$220M
| $4.04M | ﹤0.01% |
122,597
-35,369
| -22% | -$1.26M |
|
|
JBTM
2332
JBT Marel
JBTM
$6.9B
| $4.04M | ﹤0.01% |
36,340
+6,757
| +23% | +$855K |
|
2333
EPR Properties
EPR
$4.69B
| $4.03M | ﹤0.01% |
76,560
+2,753
| +4% | +$135K |
|
2334
Kyndryl
KD
$3.24B
| $4.02M | ﹤0.01% |
127,987
+28,481
| +29% | +$1.07M |
|
2335
Virtu Financial
VIRT
$5.03B
| $4.02M | ﹤0.01% |
105,403
+32,061
| +44% | +$1.19M |
|
2336
BILL Holdings
BILL
$4.84B
| $4.01M | ﹤0.01% |
87,491
+22,958
| +36% | +$1.54M |
|
2337
Choice Hotels
CHH
$4.94B
| $4.01M | ﹤0.01% |
30,205
+2,567
| +9% | +$366K |
|
2338
First Trust Multi Cap Value AlphaDEX Fund
FAB
$171M
| $4.01M | ﹤0.01% |
50,384
+2,008
| +4% | +$165K |
|
2339
First Trust Emerging Markets Equity Select ETF
RNEM
$17.2M
| $4.01M | ﹤0.01% |
78,095
+6,271
| +9% | +$315K |
|
2340
Genmab
GMAB
$17.8B
| $4M | ﹤0.01% |
204,374
+8,938
| +5% | +$187K |
|
2341
United Natural Foods
UNFI
$2.94B
| $4M | ﹤0.01% |
146,014
-58,485
| -29% | -$1.69M |
|
2342
iShares MSCI Global Silver and Metals Miners ETF
SLVP
$828M
| $4M | ﹤0.01% |
266,601
+119,629
| +81% | +$1.62M |
|
2343
Schwab International Small-Cap Equity ETF
SCHC
$5.56B
| $4M | ﹤0.01% |
111,354
-76,421
| -41% | -$2.73M |
|
|
CIK
2344
Credit Suisse Asset Management Income Fund
CIK
$133M
| $3.99M | ﹤0.01% |
1,377,264
-247,440
| -15% | -$726K |
|
2345
Invesco S&P 500 Downside Hedged ETF
PHDG
$65.2M
| $3.99M | ﹤0.01% |
109,396
-52,510
| -32% | -$1.97M |
|
|
JPUS
2346
JPMorgan Diversified Return US Equity ETF
JPUS
$465M
| $3.98M | ﹤0.01% |
34,545
+12,084
| +54% | +$1.4M |
|
2347
Invesco S&P 500 Equal Weight Materials ETF
RSPM
$191M
| $3.98M | ﹤0.01% |
125,379
-10,554
| -8% | -$348K |
|
2348
Installed Building Products
IBP
$6.41B
| $3.98M | ﹤0.01% |
23,772
+3,368
| +17% | +$608K |
|
2349
iShares Asia 50 ETF
AIA
$4.82B
| $3.98M | ﹤0.01% |
54,946
+49,554
| +919% | +$3.58M |
|
2350
Webster Financial
WBS
$12.6B
| $3.97M | ﹤0.01% |
77,103
+6,948
| +10% | +$387K |
|
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.