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 | |
|---|---|---|---|---|---|---|
2401
Equitable Holdings
EQH
$13.8B
| $3.72M | ﹤0.01% |
71,414
+10,089
| +16% | +$528K |
|
2402
International Flavors & Fragrances
IFF
$22.2B
| $3.7M | ﹤0.01% |
47,711
+11,129
| +30% | +$918K |
|
2403
Affirm
AFRM
$26.5B
| $3.69M | ﹤0.01% |
81,656
+9,772
| +14% | +$579K |
|
2404
CareTrust REIT
CTRE
$9.63B
| $3.68M | ﹤0.01% |
128,675
+35,253
| +38% | +$947K |
|
2405
Alaska Air
ALK
$5.83B
| $3.67M | ﹤0.01% |
74,504
-10,178
| -12% | -$668K |
|
2406
Tortoise North American Pipeline ETF
TPYP
$853M
| $3.67M | ﹤0.01% |
100,797
+6,735
| +7% | +$240K |
|
2407
C3.ai
AI
$1.54B
| $3.66M | ﹤0.01% |
174,105
+36,114
| +26% | +$1.02M |
|
2408
FlexShares US Quality Large Cap Index Fund
QLC
$1.04B
| $3.66M | ﹤0.01% |
57,414
+7,512
| +15% | +$503K |
|
2409
First Trust Global Wind Energy ETF
FAN
$275M
| $3.65M | ﹤0.01% |
243,224
-5,203
| -2% | -$78.5K |
|
2410
IDEX
IEX
$17.5B
| $3.63M | ﹤0.01% |
20,068
+366
| +2% | +$72.9K |
|
2411
Invesco Dorsey Wright Utilities Momentum ETF
PUI
$54.4M
| $3.63M | ﹤0.01% |
88,632
-145,012
| -62% | -$5.83M |
|
2412
FlexShares International Quality Dividend Dynamic Index Fund
IQDY
$113M
| $3.63M | ﹤0.01% |
124,764
+5,502
| +5% | +$159K |
|
2413
SiteOne Landscape Supply
SITE
$4.41B
| $3.62M | ﹤0.01% |
29,841
+2,913
| +11% | +$386K |
|
2414
Xtrackers Russell US Multifactor ETF
DEUS
$303M
| $3.62M | ﹤0.01% |
67,444
+2,269
| +3% | +$124K |
|
2415
Moelis & Co
MC
$5.14B
| $3.61M | ﹤0.01% |
61,888
+4,114
| +7% | +$290K |
|
|
NNE
2416
Nano Nuclear Energy
NNE
$970M
| $3.61M | ﹤0.01% |
136,270
+31,992
| +31% | +$977K |
|
2417
White Mountains Insurance
WTM
$5.24B
| $3.6M | ﹤0.01% |
1,870
+107
| +6% | +$201K |
|
2418
Viper Energy
VNOM
$8.18B
| $3.6M | ﹤0.01% |
79,664
-7,369
| -8% | -$347K |
|
|
QQQH
2419
NEOS Nasdaq-100 Hedged Equity Income ETF
QQQH
$383M
| $3.6M | ﹤0.01% |
73,654
-987
| -1% | -$51K |
|
2420
iShares MSCI Kokusai Fund
TOK
$257M
| $3.59M | ﹤0.01% |
31,505
+7,708
| +32% | +$910K |
|
2421
East-West Bancorp
EWBC
$18.3B
| $3.59M | ﹤0.01% |
39,998
-5,535
| -12% | -$528K |
|
2422
Invesco Global Water ETF
PIO
$284M
| $3.59M | ﹤0.01% |
89,449
+5,255
| +6% | +$213K |
|
2423
Arrow Electronics
ARW
$11.5B
| $3.57M | ﹤0.01% |
34,386
+2,475
| +8% | +$273K |
|
|
EFT
2424
Eaton Vance Floating-Rate Income Trust
EFT
$286M
| $3.56M | ﹤0.01% |
283,289
+117,717
| +71% | +$1.54M |
|
2425
Brixmor Property Group
BRX
$9.46B
| $3.55M | ﹤0.01% |
133,785
+60,112
| +82% | +$1.6M |
|
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.