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 | |
|---|---|---|---|---|---|---|
3551
Sportradar
SRAD
$3.75B
| $1.02M | ﹤0.01% |
46,968
+11,305
| +32% | +$236K |
|
3552
Innovator S&P Investment Grade Preferred ETF
EPRF
$68.1M
| $1.01M | ﹤0.01% |
57,406
+3,003
| +6% | +$55.1K |
|
3553
AZZ Inc
AZZ
$4.57B
| $1.01M | ﹤0.01% |
12,119
+858
| +8% | +$76.6K |
|
3554
Delek US
DK
$3.64B
| $1.01M | ﹤0.01% |
67,220
+1,135
| +2% | +$19.7K |
|
3555
Climb Global Solutions
CLMB
$507M
| $1.01M | ﹤0.01% |
36,476
+1,984
| +6% | +$61.3K |
|
|
CCEC
3556
Capital Clean Energy Carriers
CCEC
$1.39B
| $1.01M | ﹤0.01% |
52,343
+1,606
| +3% | +$30.3K |
|
|
PDM
3557
Piedmont Realty Trust
PDM
$1.18B
| $1.01M | ﹤0.01% |
136,391
-5,767
| -4% | -$45.6K |
|
3558
Harmony Gold Mining
HMY
$11.3B
| $1M | ﹤0.01% |
67,913
+19,139
| +39% | +$213K |
|
3559
Patterson-UTI
PTEN
$3.87B
| $1M | ﹤0.01% |
121,940
+15,811
| +15% | +$133K |
|
3560
WisdomTree Emerging Markets Efficient Core Fund
NTSE
$54.5M
| $1M | ﹤0.01% |
33,338
+4,079
| +14% | +$121K |
|
|
GOOS
3561
Canada Goose Holdings
GOOS
$839M
| $999K | ﹤0.01% |
125,629
+28,455
| +29% | +$281K |
|
3562
Valvoline
VVV
$4.56B
| $998K | ﹤0.01% |
28,684
-5,188
| -15% | -$189K |
|
3563
WisdomTree Efficient Gold Plus Equity Strategy Fund
GDE
$464M
| $998K | ﹤0.01% |
+24,300
| New | +$970K |
|
|
ITWO
3564
ProShares Russell 2000 High Income ETF
ITWO
$202M
| $997K | ﹤0.01% |
+27,650
| New | +$1.07M |
|
3565
Portillo's
PTLO
$313M
| $996K | ﹤0.01% |
83,735
+22,895
| +38% | +$298K |
|
3566
Mach Natural Resources
MNR
$2.23B
| $995K | ﹤0.01% |
63,965
+20,964
| +49% | +$338K |
|
3567
iShares iBonds 2029 Term High Yield and Income ETF
IBHI
$497M
| $994K | ﹤0.01% |
42,798
+4,439
| +12% | +$105K |
|
3568
ProShares Short 20+ Year Treasury ETF
TBF
$105M
| $991K | ﹤0.01% |
42,012
-103,388
| -71% | -$2.51M |
|
3569
RUM Group Inc
RUM
$1.7B
| $991K | ﹤0.01% |
140,237
+30,834
| +28% | +$322K |
|
3570
Innovator US Equity Ultra Buffer ETF January
UJAN
$272M
| $990K | ﹤0.01% |
25,964
-806
| -3% | -$31.5K |
|
3571
SGI Dynamic Tactical ETF
DYTA
$107M
| $989K | ﹤0.01% |
35,785
-10,329
| -22% | -$290K |
|
3572
FT Vest US Equity Deep Buffer ETF May
DMAY
$379M
| $987K | ﹤0.01% |
24,935
+1,680
| +7% | +$68.7K |
|
|
CIM
3573
Chimera Investment
CIM
$995M
| $987K | ﹤0.01% |
76,906
+1,489
| +2% | +$20.9K |
|
|
PCH
3574
DELISTED
PotlatchDeltic
PCH
| $985K | ﹤0.01% |
21,836
+1,570
| +8% | +$69K |
|
3575
Napco Security Technologies
NSSC
$1.46B
| $985K | ﹤0.01% |
42,773
+8,481
| +25% | +$241K |
|
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.