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 | |
|---|---|---|---|---|---|---|
2376
Camden Property Trust
CPT
$11B
| $3.87M | ﹤0.01% |
31,657
-916
| -3% | -$108K |
|
2377
NuScale Power
SMR
$3.28B
| $3.87M | ﹤0.01% |
273,394
+72,098
| +36% | +$1.46M |
|
2378
Global X Video Games & Esports ETF
HERO
$65.5M
| $3.87M | ﹤0.01% |
155,058
-5,138
| -3% | -$130K |
|
2379
Elbit Systems
ESLT
$39.8B
| $3.85M | ﹤0.01% |
10,039
+4,307
| +75% | +$1.39M |
|
|
DPG
2380
Duff & Phelps Utility and Infrastructure Fund
DPG
$521M
| $3.84M | ﹤0.01% |
314,275
-3,478
| -1% | -$41.1K |
|
2381
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$366M
| $3.83M | ﹤0.01% |
53,720
+21,760
| +68% | +$1.68M |
|
2382
GeneDx Holdings
WGS
$2.1B
| $3.82M | ﹤0.01% |
43,105
+7,484
| +21% | +$649K |
|
|
PKST
2383
DELISTED
Peakstone Realty Trust
PKST
| $3.82M | ﹤0.01% |
302,849
-3,717
| -1% | -$42.1K |
|
2384
Innovator Defined Wealth Shield ETF
BALT
$2.77B
| $3.81M | ﹤0.01% |
121,498
+17,481
| +17% | +$552K |
|
2385
VanEck Biotech ETF
BBH
$405M
| $3.8M | ﹤0.01% |
24,175
-572
| -2% | -$92.8K |
|
2386
First Majestic Silver
AG
$8.13B
| $3.8M | ﹤0.01% |
568,457
-24,226
| -4% | -$144K |
|
2387
FT Vest US Equity Buffer ETF April
FAPR
$1.29B
| $3.8M | ﹤0.01% |
93,002
-460
| -0.5% | -$19.1K |
|
2388
First Trust NASDAQ 100 ex-Technology Sector Index Fund
QQXT
$158M
| $3.8M | ﹤0.01% |
40,510
-21,824
| -35% | -$2.09M |
|
2389
Gen Digital
GEN
$16.9B
| $3.8M | ﹤0.01% |
143,150
+28,349
| +25% | +$777K |
|
|
HPS
2390
John Hancock Preferred Income Fund III
HPS
$459M
| $3.79M | ﹤0.01% |
252,703
+39,981
| +19% | +$603K |
|
2391
Corpay
CPAY
$25.9B
| $3.78M | ﹤0.01% |
10,833
+1,010
| +10% | +$365K |
|
2392
ProShares Ultra QQQ
QLD
$14.1B
| $3.77M | ﹤0.01% |
84,816
+60,912
| +255% | +$3.22M |
|
2393
Howard Hughes
HHH
$3.91B
| $3.77M | ﹤0.01% |
50,854
+1,254
| +3% | +$94.7K |
|
2394
InterContinental Hotels
IHG
$23.3B
| $3.77M | ﹤0.01% |
34,366
-8,729
| -20% | -$1.09M |
|
2395
Kimbell Royalty Partners
KRP
$1.44B
| $3.76M | ﹤0.01% |
268,486
-16,140
| -6% | -$244K |
|
2396
Kimco Realty
KIM
$16.9B
| $3.74M | ﹤0.01% |
176,215
+44,010
| +33% | +$961K |
|
2397
Fluor
FLR
$7.2B
| $3.74M | ﹤0.01% |
104,348
-14,304
| -12% | -$618K |
|
2398
Federated Hermes
FHI
$4.85B
| $3.73M | ﹤0.01% |
91,474
+72,173
| +374% | +$2.82M |
|
2399
BlackRock Enhanced Global Dividend Trust
BOE
$682M
| $3.73M | ﹤0.01% |
343,517
+187,409
| +120% | +$2.09M |
|
2400
Idacorp
IDA
$8.36B
| $3.73M | ﹤0.01% |
32,058
+3,237
| +11% | +$363K |
|
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.