SEC 13F Intelligence

Managers / Q1 2025 · view latest →

LPL Financial LLC

CIK 0001403438 · 4707 EXECUTIVE DRIVE, SAN DIEGO, CA, 92121 · 704-733-3300

Reported Value
$257.1B
Q1 2025
Positions
5,344
Filings on Record
30
2019–present window
Filed
May 7, 2025
original filing

Summary

Lpl Financial LLC reported $257.1B in U.S.-listed holdings across 5,344 positions for Q1 2025.

Its largest position, Ishares Tr, represents 2.3% of the portfolio.

Compared with Q4 2024, the fund opened 267 new positions and exited 208.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+15.1%
share of reported value
Largest Position
+2.3%
Ishares Tr
New / Exited
267 / 208
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $37.6BQ4 ’18Q1 ’19: $44.0BQ2 ’19: $46.9BQ3 ’19: $49.1BQ4 ’19: $55.0BQ4 ’19Q1 ’20: $46.4BQ2 ’20: $57.4BQ3 ’20: $64.0BQ4 ’20: $77.2BQ4 ’20Q1 ’21: $87.0BQ2 ’21: $98.9BQ3 ’21: $106.5BQ4 ’21: $119.2BQ4 ’21Q1 ’22: $116.4BQ2 ’22: $105.3BQ3 ’22: $103.6BQ4 ’22: $116.8BQ4 ’22Q1 ’23: $128.5BQ2 ’23: $140.0BQ3 ’23: $142.8BQ4 ’23: $165.1BQ4 ’23Q1 ’24: $186.3BQ2 ’24: $200.8BQ3 ’24: $224.3BQ4 ’24: $246.0BQ4 ’24Q1 ’25: $257.1BQ2 ’25: $299.8BQ3 ’25: $343.1BQ4 ’25: $366.2BQ4 ’25Q1 ’26: $376.6Bfilingsflow.com

Portfolio Composition

By security type
ETP: 73.5%Common Stock: 24.0%Other: 0.8%Closed-End Fund: 0.6%ADR: 0.5%Other: 0.6%
  • ETP · 73.5% · $188.9B
  • Common Stock · 24.0% · $61.6B
  • Other · 0.8% · $2.1B
  • Closed-End Fund · 0.6% · $1.5B
  • ADR · 0.5% · $1.4B
  • Other · 0.6% · $1.7B

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BLACKROCK ETF TRUST IINEW+1.73M1.73M+$86M$86M
BLACKROCK ETF TRUSTNEW+1.71M1.71M+$54M$54M
SPDR SER TRNEW+1.18M1.18M+$33M$33M
GOLDMAN SACHS ETF TRNEW+472.4K472.4K+$23M$23M
AB ACTIVE ETFS INCNEW+444.9K444.9K+$16M$16M
INVESCO ACTIVELY MANAGED EXCNEW+177.2K177.2K+$9M$9M
INVESCO ACTIVELY MANAGED EXCNEW+180.2K180.2K+$8M$8M
INVESCO ACTIVELY MANAGED EXCNEW+168.6K168.6K+$8M$8M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P500 ETF · MSCI USA QLT FCT · CORE MSCI EAFE · US TREAS BD ETF · MBS ETF · CORE TOTAL USD · S&P 500 GRWT ETF · CORE S&P SCP ETF · CORE S&P US GWT · CORE S&P MCP ETF · RUSSELL 2000 ETF · CORE S&P US VLU · S&P 500 VAL ETF · RUS 1000 GRW ETF · NATIONAL MUN ETF12.24%$31.5B354.82M
2SPDR SER TRPRTFLO S&P500 GW · PORTFOLIO S&P500 · PRTFLO S&P500 VL · PORTFOLIO INTRMD · BLOOMBERG 1-3 MO · PORTFLI INTRMDIT4.47%$11.5B213.80M
3VUGVANGUARD INDEX FDSTOTAL STK MKT · S&P 500 ETF SHS · GROWTH ETF · VALUE ETF3.91%$10.1B33.62M
4SPDR S&P 500 ETF TRTR UNIT1.97%$5.1B9.05M
5AAPLAPPLE INChistory →COM1.76%$4.5B20.39M
6NDQINVESCO QQQ TRhistory →UNIT SER 11.74%$4.5B9.55M
7MSFTMICROSOFT CORPhistory →COM1.22%$3.1B8.38M
8NVDANVIDIA CORPORATIONhistory →COM1.22%$3.1B28.89M
9XLFSELECT SECTOR SPDR TRTECHNOLOGY · FINANCIAL1.00%$2.6B28.46M
10AMZNAMAZON COM INChistory →COM0.99%$2.5B13.41M
11ISHARES INCCORE MSCI EMKT0.72%$1.9B34.43M
12BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.61%$1.6B2.94M
13INVESCO EXCH TRADED FD TR IINASDAQ 100 ETF0.56%$1.4B7.46M
14METAMETA PLATFORMS INChistory →CL A0.54%$1.4B2.43M
15RDVYFIRST TR EXCHANGE TRADED FDhistory →RISNG DIVD ACHIV0.54%$1.4B23.69M
16BLACKROCK ETF TRUSTISHARES US EQUIT0.54%$1.4B28.29M
17VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.53%$1.4B27.01M
18VANGUARD SPECIALIZED FUNDSDIV APP ETF0.47%$1.2B6.29M
19FIRST TR EXCHNG TRADED FD VIFT VEST LADDERED0.47%$1.2B40.52M
20PACER FDS TRUS CASH COWS 1000.45%$1.2B21.23M
21VANGUARD BD INDEX FDSTOTAL BND MRKT0.45%$1.2B15.76M
22GQ9SPDR GOLD TRhistory →GOLD SHS0.44%$1.1B3.91M
23SPDR INDEX SHS FDSPORTFOLIO DEVLPD0.44%$1.1B30.73M
24GOOGLALPHABET INChistory →CAP STK CL A0.43%$1.1B7.07M
25SCHWAB STRATEGIC TRUS DIVIDEND EQ0.42%$1.1B38.79M
26JPMJPMORGAN CHASE & CO.history →COM0.42%$1.1B4.39M
27CGDVUSDCAPITAL GROUP DIVIDEND VALUEhistory →SHS CREATION UNI0.41%$1.0B29.45M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$376.6B5,964May 6, 202613F-HRchanges · EDGAR ↗
Q4 2025$366.2B5,869Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$343.1B5,793Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$299.8B5,548Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$257.1B5,344May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$246.0B5,274Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$224.3B5,156Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$200.8B5,007Aug 7, 202413F-HRchanges · EDGAR ↗
Q1 2024$186.3B4,909May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$165.1B4,792Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$142.8B4,684Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$140.0B4,584Jul 31, 202313F-HRchanges · EDGAR ↗
Q1 2023$128.5B4,482May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$116.8B4,451Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$103.6B4,416Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$105.3B4,418Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$116.4B4,174May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$119.2B4,335Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$106.5B4,319Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$98.9B4,218Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$87.0B4,071May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$77.2B3,805Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$64.0B3,545Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$57.4B3,458Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$46.4B3,202May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$55.0B3,341Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$49.1B3,286Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$46.9B3,275Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$44.0B3,182May 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$37.6B3,070Feb 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.