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 | |
|---|---|---|---|---|---|---|
3026
Diodes
DIOD
$4.84B
| $1.83M | ﹤0.01% |
47,758
+2,664
| +6% | +$144K |
|
|
NVMI
3027
Nova
NVMI
$12.5B
| $1.83M | ﹤0.01% |
9,913
-410
| -4% | -$94.7K |
|
3028
H.B. Fuller
FUL
$3.28B
| $1.83M | ﹤0.01% |
32,566
-18,494
| -36% | -$1.09M |
|
3029
WBI BullBear Quality 3000 ETF
WBIL
$29.9M
| $1.83M | ﹤0.01% |
57,510
-9,249
| -14% | -$318K |
|
3030
Duolingo
DUOL
$6.12B
| $1.82M | ﹤0.01% |
5,868
+1,670
| +40% | +$571K |
|
3031
BlackRock MuniYield Quality Fund III
MYI
$721M
| $1.82M | ﹤0.01% |
165,559
+18,518
| +13% | +$205K |
|
|
MRC
3032
DELISTED
MRC Global
MRC
| $1.82M | ﹤0.01% |
158,490
+78,086
| +97% | +$1.01M |
|
3033
iShares Currency Hedged MSCI Japan ETF
HEWJ
$744M
| $1.82M | ﹤0.01% |
43,359
-21,414
| -33% | -$910K |
|
|
FINS
3034
Angel Oak Financial Strategies Income Term Trust
FINS
$421M
| $1.82M | ﹤0.01% |
134,685
+1,835
| +1% | +$24.4K |
|
3035
Dorchester Minerals
DMLP
$1.26B
| $1.81M | ﹤0.01% |
60,337
+3,164
| +6% | +$99.5K |
|
3036
Lazard
LAZ
$4.31B
| $1.81M | ﹤0.01% |
41,859
+352
| +0.8% | +$17.5K |
|
3037
Arcutis Biotherapeutics
ARQT
$3.18B
| $1.81M | ﹤0.01% |
115,757
-5,135
| -4% | -$72.3K |
|
3038
Neurocrine Biosciences
NBIX
$16.6B
| $1.8M | ﹤0.01% |
16,315
-439
| -3% | -$55.6K |
|
3039
Credit Suisse X-Links Gold Shares Covered Call ETNs due February 2 2033
GLDI
$32.6M
| $1.8M | ﹤0.01% |
11,151
+591
| +6% | +$93.4K |
|
3040
FT Vest US Equity Deep Buffer ETF September
DSEP
$355M
| $1.8M | ﹤0.01% |
45,371
-1,906
| -4% | -$77.5K |
|
|
CPRX
3041
DELISTED
Catalyst Pharmaceutical
CPRX
| $1.8M | ﹤0.01% |
74,229
+16,246
| +28% | +$366K |
|
3042
Innodata
INOD
$2.04B
| $1.8M | ﹤0.01% |
50,044
+30,499
| +156% | +$1.34M |
|
3043
Pacer Swan SOS Moderate April ETF
PSMR
$91.4M
| $1.8M | ﹤0.01% |
66,174
+1,892
| +3% | +$53.1K |
|
3044
FirstService
FSV
$6.32B
| $1.79M | ﹤0.01% |
10,807
+1,100
| +11% | +$193K |
|
3045
Procore
PCOR
$8.67B
| $1.79M | ﹤0.01% |
27,142
+3,743
| +16% | +$282K |
|
3046
Merchants Bancorp
MBIN
$2.49B
| $1.79M | ﹤0.01% |
48,429
+526
| +1% | +$20.7K |
|
|
MMD
3047
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
$282M
| $1.79M | ﹤0.01% |
118,799
+39,990
| +51% | +$611K |
|
3048
National Health Investors
NHI
$3.65B
| $1.79M | ﹤0.01% |
24,248
+1,406
| +6% | +$99.2K |
|
3049
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$322M
| $1.79M | ﹤0.01% |
73,379
+6,271
| +9% | +$158K |
|
3050
Brookfield Renewable
BEPC
$6.26B
| $1.79M | ﹤0.01% |
64,108
+30,704
| +92% | +$842K |
|
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.