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 | |
|---|---|---|---|---|---|---|
2451
LGI Homes
LGIH
$1.43B
| $3.43M | ﹤0.01% |
51,565
+40,166
| +352% | +$3.24M |
|
2452
Flowserve
FLS
$10.1B
| $3.42M | ﹤0.01% |
70,081
+3,562
| +5% | +$202K |
|
2453
Fabrinet
FN
$18.9B
| $3.42M | ﹤0.01% |
17,293
+2,762
| +19% | +$603K |
|
2454
Pembina Pipeline
PBA
$27.6B
| $3.42M | ﹤0.01% |
85,312
+3,558
| +4% | +$133K |
|
2455
Agree Realty
ADC
$9.42B
| $3.41M | ﹤0.01% |
44,238
+4,896
| +12% | +$359K |
|
|
NBET
2456
Neuberger Energy Transition & Infrastructure ETF
NBET
$46.4M
| $3.41M | ﹤0.01% |
+101,838
| New | +$3.37M |
|
2457
Global X Variable Rate Preferred ETF
PFFV
$304M
| $3.41M | ﹤0.01% |
143,995
+8,926
| +7% | +$213K |
|
2458
Silicon Laboratories
SLAB
$7.2B
| $3.4M | ﹤0.01% |
33,150
+2,208
| +7% | +$298K |
|
|
THW
2459
abrdn World Healthcare Fund
THW
$536M
| $3.4M | ﹤0.01% |
295,139
-708
| -0.2% | -$8.36K |
|
2460
Xtrackers Short Duration High Yield Bond ETF
SHYL
$268M
| $3.4M | ﹤0.01% |
76,143
-16,876
| -18% | -$760K |
|
2461
Avantor
AVTR
$9.06B
| $3.39M | ﹤0.01% |
209,166
+69,772
| +50% | +$1.32M |
|
2462
Granite Construction
GVA
$5.45B
| $3.39M | ﹤0.01% |
44,934
+195
| +0.4% | +$16.3K |
|
2463
WisdomTree International SmallCap Dividend Fund
DLS
$1.07B
| $3.39M | ﹤0.01% |
51,304
-4,377
| -8% | -$285K |
|
2464
Dimensional World Equity ETF
DFAW
$1.63B
| $3.38M | ﹤0.01% |
55,177
+35,410
| +179% | +$2.24M |
|
2465
Invesco Advantage Municipal Income Trust II
VKI
$398M
| $3.38M | ﹤0.01% |
395,656
+20,473
| +5% | +$180K |
|
2466
Pinduoduo
PDD
$129B
| $3.37M | ﹤0.01% |
28,501
-3,690
| -11% | -$423K |
|
|
SMLR
2467
DELISTED
Semler Scientific
SMLR
| $3.37M | ﹤0.01% |
93,112
-17,521
| -16% | -$821K |
|
2468
iShares iBonds Dec 2029 Term Muni Bond ETF
IBMR
$469M
| $3.36M | ﹤0.01% |
134,333
+43,098
| +47% | +$1.08M |
|
2469
Royce Quant Small-Cap Quality Value ETF
SQLV
$30.2M
| $3.36M | ﹤0.01% |
88,904
+4,547
| +5% | +$187K |
|
2470
PUT
Citigroup
C
$232B
| $3.36M | ﹤0.01% |
47,300
-70,100
| -60% | -$5.35M |
|
2471
Global X Nasdaq 100 Covered Call & Growth ETF
QYLG
$160M
| $3.35M | ﹤0.01% |
130,486
-1,486
| -1% | -$41.3K |
|
2472
IQ ARB Merger Arbitrage ETF
MNA
$253M
| $3.35M | ﹤0.01% |
97,755
-8,772
| -8% | -$295K |
|
|
PDO
2473
PIMCO Dynamic Income Opportunities Fund
PDO
$1.85B
| $3.34M | ﹤0.01% |
240,850
+27,510
| +13% | +$380K |
|
2474
JPMorgan BetaBuilders US Small Cap Equity ETF
BBSC
$722M
| $3.34M | ﹤0.01% |
55,223
+5,690
| +11% | +$378K |
|
2475
FirstCash
FCFS
$9.08B
| $3.34M | ﹤0.01% |
27,797
+3,354
| +14% | +$380K |
|
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.