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 | |
|---|---|---|---|---|---|---|
2501
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$238M
| $3.24M | ﹤0.01% |
82,114
-9,191
| -10% | -$380K |
|
2502
Enpro
NPO
$6.94B
| $3.24M | ﹤0.01% |
21,766
+2,375
| +12% | +$427K |
|
|
BCPC
2503
Balchem Corp
BCPC
$5.7B
| $3.24M | ﹤0.01% |
20,294
+2,052
| +11% | +$337K |
|
2504
Zurn Elkay Water Solutions
ZWS
$8.75B
| $3.24M | ﹤0.01% |
98,183
+2,103
| +2% | +$75.8K |
|
|
LADR
2505
Ladder Capital
LADR
$1.2B
| $3.23M | ﹤0.01% |
283,407
+89,413
| +46% | +$1.02M |
|
2506
Eaton Vance Ultra-Short Income ETF
EVSB
$244M
| $3.23M | ﹤0.01% |
+63,605
| New | +$3.23M |
|
2507
Nelnet
NNI
$4.88B
| $3.23M | ﹤0.01% |
29,122
+2,278
| +8% | +$255K |
|
|
STEW
2508
SRH Total Return Fund
STEW
$1.8B
| $3.23M | ﹤0.01% |
187,166
-4,195
| -2% | -$69.4K |
|
2509
Regal Rexnord
RRX
$12.2B
| $3.22M | ﹤0.01% |
28,321
-3,686
| -12% | -$512K |
|
|
FUND
2510
Sprott Focus Trust
FUND
$301M
| $3.21M | ﹤0.01% |
433,753
+45,643
| +12% | +$342K |
|
2511
Casella Waste Systems
CWST
$5.73B
| $3.21M | ﹤0.01% |
28,824
+3,757
| +15% | +$411K |
|
|
VRNA
2512
DELISTED
Verona Pharma
VRNA
| $3.21M | ﹤0.01% |
50,533
+20,500
| +68% | +$1.23M |
|
2513
PureCycle Technologies
PCT
$1.38B
| $3.21M | ﹤0.01% |
463,286
-125,121
| -21% | -$1.12M |
|
2514
Nuveen Enhanced Yield US Aggregate Bond ETF
NUAG
$95.2M
| $3.21M | ﹤0.01% |
152,848
-42,887
| -22% | -$891K |
|
|
STRK
2515
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock
STRK
$474M
| $3.2M | ﹤0.01% |
+38,088
| New | +$3.41M |
|
2516
Jazz Pharmaceuticals
JAZZ
$16.4B
| $3.2M | ﹤0.01% |
25,769
+3,264
| +15% | +$426K |
|
2517
Pitney Bowes
PBI
$2.51B
| $3.18M | ﹤0.01% |
351,233
+117,636
| +50% | +$1.07M |
|
2518
Invesco Value Municipal Income Trust
IIM
$593M
| $3.17M | ﹤0.01% |
265,089
+17,786
| +7% | +$216K |
|
|
HFRO
2519
Highland Opportunities and Income Fund
HFRO
$407M
| $3.17M | ﹤0.01% |
610,018
-130,627
| -18% | -$722K |
|
2520
Revvity
RVTY
$12.8B
| $3.17M | ﹤0.01% |
29,982
+2,702
| +10% | +$312K |
|
2521
Interface
TILE
$2.04B
| $3.17M | ﹤0.01% |
+159,875
| New | +$3.49M |
|
2522
Invesco Dorsey Wright Developed Markets Momentum ETF
PIZ
$761M
| $3.17M | ﹤0.01% |
83,267
-17,797
| -18% | -$687K |
|
2523
Sonoco
SON
$5.78B
| $3.17M | ﹤0.01% |
67,101
+9,303
| +16% | +$440K |
|
|
EVG
2524
Eaton Vance Short Duration Diversified Income Fund
EVG
$143M
| $3.17M | ﹤0.01% |
288,477
+88,662
| +44% | +$979K |
|
2525
Core Scientific
CORZ
$7B
| $3.17M | ﹤0.01% |
437,463
+16,250
| +4% | +$185K |
|
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.