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 | |
|---|---|---|---|---|---|---|
|
MILN
2351
Global X Millennial Consumer ETF
MILN
$102M
| $3.97M | ﹤0.01% |
92,026
+19,728
| +27% | +$909K |
|
|
NCV
2352
Virtus Convertible & Income Fund
NCV
$384M
| $3.96M | ﹤0.01% |
306,435
+47,166
| +18% | +$650K |
|
2353
Banco Santander
SAN
$207B
| $3.95M | ﹤0.01% |
589,213
+25,668
| +5% | +$150K |
|
2354
Viatris
VTRS
$20.6B
| $3.94M | ﹤0.01% |
452,692
-172,185
| -28% | -$1.81M |
|
2355
Direxion HCM Tactical Enhanced US ETF
HCMT
$614M
| $3.94M | ﹤0.01% |
+130,517
| New | +$4.62M |
|
|
ETHE
2356
Grayscale Ethereum Staking ETF Shares
ETHE
$1.52B
| $3.94M | ﹤0.01% |
258,766
-28,436
| -10% | -$626K |
|
2357
Avantis Core Municipal Fixed Income ETF
AVMU
$173M
| $3.94M | ﹤0.01% |
86,516
+9,960
| +13% | +$459K |
|
2358
Lakeland Financial Corp
LKFN
$1.58B
| $3.93M | ﹤0.01% |
66,165
+340
| +0.5% | +$22.3K |
|
2359
Akamai
AKAM
$17.9B
| $3.93M | ﹤0.01% |
48,782
+4,250
| +10% | +$381K |
|
|
NIE
2360
Virtus Equity & Convertible Income Fund
NIE
$731M
| $3.93M | ﹤0.01% |
177,417
+33,397
| +23% | +$799K |
|
2361
FlexShares Credit-Scored US Corporate Bond Index Fund
SKOR
$737M
| $3.93M | ﹤0.01% |
81,234
+6,968
| +9% | +$334K |
|
2362
VanEck India Growth Leaders ETF
GLIN
$95.7M
| $3.92M | ﹤0.01% |
91,526
-62,912
| -41% | -$2.73M |
|
2363
Coeur Mining
CDE
$16.7B
| $3.92M | ﹤0.01% |
662,423
+370,503
| +127% | +$2.29M |
|
2364
American Airlines Group
AAL
$11B
| $3.91M | ﹤0.01% |
370,940
+103,413
| +39% | +$1.56M |
|
2365
iShares MSCI Australia ETF
EWA
$1.44B
| $3.91M | ﹤0.01% |
166,707
-7,434
| -4% | -$181K |
|
2366
Insmed
INSM
$21.4B
| $3.91M | ﹤0.01% |
51,213
+18,456
| +56% | +$1.41M |
|
2367
FMC
FMC
$1.32B
| $3.91M | ﹤0.01% |
92,568
-1,423
| -2% | -$63.2K |
|
2368
abrdn Physical Palladium Shares ETF
PALL
$652M
| $3.9M | ﹤0.01% |
215,400
+28,240
| +15% | +$497K |
|
2369
Renasant Corp
RNST
$4.05B
| $3.89M | ﹤0.01% |
114,659
+7,140
| +7% | +$258K |
|
2370
Nuveen ESG 1-5 Year US Aggregate Bond ETF
NUSA
$34.6M
| $3.89M | ﹤0.01% |
166,783
+100,643
| +152% | +$2.32M |
|
2371
FT Vest US Equity Buffer ETF February
FFEB
$1.4B
| $3.88M | ﹤0.01% |
79,584
-2,827
| -3% | -$141K |
|
2372
HF Sinclair
DINO
$15.7B
| $3.88M | ﹤0.01% |
118,087
+11,137
| +10% | +$390K |
|
2373
Argan
AGX
$8.66B
| $3.88M | ﹤0.01% |
29,595
+3,453
| +13% | +$482K |
|
2374
Schwab 1-5 Year Corporate Bond ETF
SCHJ
$848M
| $3.87M | ﹤0.01% |
157,257
-8,965
| -5% | -$220K |
|
2375
Invesco S&P SmallCap Information Technology ETF
PSCT
$533M
| $3.87M | ﹤0.01% |
96,653
-6,254
| -6% | -$284K |
|
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.