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 | |
|---|---|---|---|---|---|---|
|
JNPR
3401
DELISTED
Juniper Networks
JNPR
| $1.2M | ﹤0.01% |
33,153
+3,756
| +13% | +$137K |
|
3402
Lemonade
LMND
$4.1B
| $1.2M | ﹤0.01% |
38,161
+1,966
| +5% | +$67.7K |
|
3403
Spire
SR
$4.85B
| $1.2M | ﹤0.01% |
15,325
-1,390
| -8% | -$102K |
|
3404
Innovator US Equity Buffer ETF March
BMAR
$255M
| $1.2M | ﹤0.01% |
26,310
+4,349
| +20% | +$203K |
|
|
KREF
3405
KKR Real Estate Finance Trust
KREF
$499M
| $1.2M | ﹤0.01% |
110,752
+10,702
| +11% | +$115K |
|
3406
Ero Copper
ERO
$3.58B
| $1.2M | ﹤0.01% |
98,612
+47,715
| +94% | +$636K |
|
3407
nCino
NCNO
$2.1B
| $1.19M | ﹤0.01% |
43,447
-1,298
| -3% | -$41.1K |
|
3408
Invesco Oil & Gas Services ETF
PXJ
$62.2M
| $1.19M | ﹤0.01% |
46,528
-48,521
| -51% | -$1.33M |
|
3409
Banco Macro
BMA
$5.35B
| $1.19M | ﹤0.01% |
15,797
+5,440
| +53% | +$508K |
|
3410
Hyatt Hotels
H
$16.7B
| $1.19M | ﹤0.01% |
9,729
-780
| -7% | -$112K |
|
3411
PUT
Alphabet (Google) Class A
GOOGL
$4.33T
| $1.19M | ﹤0.01% |
7,700
+1,400
| +22% | +$254K |
|
3412
World Kinect Corp
WKC
$1.86B
| $1.19M | ﹤0.01% |
41,957
-491
| -1% | -$13.9K |
|
|
JWN
3413
DELISTED
Nordstrom
JWN
| $1.19M | ﹤0.01% |
48,651
+1,842
| +4% | +$44.7K |
|
3414
iShares MSCI Hong Kong ETF
EWH
$1.22B
| $1.19M | ﹤0.01% |
67,777
-3,071
| -4% | -$52.4K |
|
3415
CAE Inc. Common Shares
CAE
$8.74B
| $1.18M | ﹤0.01% |
48,187
+2,951
| +7% | +$71.9K |
|
3416
iShares MSCI Israel ETF
EIS
$909M
| $1.18M | ﹤0.01% |
15,918
-1,268
| -7% | -$101K |
|
3417
Brookfield Renewable
BEP
$9.96B
| $1.18M | ﹤0.01% |
53,410
-4,104
| -7% | -$91.7K |
|
3418
Vertex
VERX
$1.94B
| $1.18M | ﹤0.01% |
33,694
-3,183
| -9% | -$145K |
|
3419
Stock Yards Bancorp
SYBT
$2.6B
| $1.18M | ﹤0.01% |
17,076
+1,645
| +11% | +$118K |
|
|
REVG
3420
DELISTED
REV Group
REVG
| $1.18M | ﹤0.01% |
37,317
-3,264
| -8% | -$106K |
|
3421
Terex
TEX
$7.74B
| $1.18M | ﹤0.01% |
31,167
-385
| -1% | -$16.8K |
|
|
DX
3422
Dynex Capital
DX
$3.21B
| $1.18M | ﹤0.01% |
90,346
-18,896
| -17% | -$253K |
|
3423
Boston Beer
SAM
$1.92B
| $1.18M | ﹤0.01% |
4,922
+1,137
| +30% | +$277K |
|
|
PHT
3424
DELISTED
Pioneer High Income Fund
PHT
| $1.17M | ﹤0.01% |
151,640
+13,175
| +10% | +$103K |
|
3425
Valmont Industries
VMI
$9.53B
| $1.17M | ﹤0.01% |
4,111
+112
| +3% | +$36.5K |
|
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.