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 | |
|---|---|---|---|---|---|---|
|
XRN
3626
Chiron Real Estate Inc
XRN
$464M
| $922K | ﹤0.01% |
21,070
+1,484
| +8% | +$61.3K |
|
3627
TriNet
TNET
$3.09B
| $920K | ﹤0.01% |
11,613
+1,827
| +19% | +$152K |
|
3628
Banco Bradesco
BBD
$37.5B
| $920K | ﹤0.01% |
412,565
+636
| +0.2% | +$1.32K |
|
3629
Utz Brands
UTZ
$2.03B
| $920K | ﹤0.01% |
65,334
+25,455
| +64% | +$350K |
|
|
ACLC
3630
American Century Large Cap Equity ETF
ACLC
$321M
| $920K | ﹤0.01% |
14,045
+5,019
| +56% | +$351K |
|
|
SPR
3631
DELISTED
Spirit AeroSystems
SPR
| $918K | ﹤0.01% |
26,649
+10,122
| +61% | +$346K |
|
3632
FLEX LNG
FLNG
$1.67B
| $918K | ﹤0.01% |
39,916
+3,765
| +10% | +$90K |
|
3633
DoubleLine Opportunistic Bond ETF
DBND
$741M
| $918K | ﹤0.01% |
19,874
+9,891
| +99% | +$452K |
|
3634
JPMorgan Sustainable Municipal Income ETF
JMSI
$384M
| $917K | ﹤0.01% |
18,404
-431
| -2% | -$21.6K |
|
3635
Innovator US Equity Buffer ETF February
BFEB
$258M
| $916K | ﹤0.01% |
22,066
+4,747
| +27% | +$204K |
|
3636
CONMED
CNMD
$1.48B
| $914K | ﹤0.01% |
15,139
+2,210
| +17% | +$142K |
|
3637
Skyward Specialty Insurance
SKWD
$2.61B
| $913K | ﹤0.01% |
17,243
+3,150
| +22% | +$152K |
|
3638
PagerDuty
PD
$852M
| $912K | ﹤0.01% |
49,897
+925
| +2% | +$17K |
|
3639
Ternium
TX
$10.3B
| $910K | ﹤0.01% |
29,211
-2,974
| -9% | -$90K |
|
3640
FlexShares Global Quality Real Estate Index Fund
GQRE
$419M
| $908K | ﹤0.01% |
15,662
+260
| +2% | +$15K |
|
3641
MACOM Technology Solutions
MTSI
$22.4B
| $904K | ﹤0.01% |
9,003
+2,367
| +36% | +$288K |
|
3642
Northwest Natural Holdings
NWN
$2.12B
| $902K | ﹤0.01% |
21,119
+4,015
| +23% | +$164K |
|
3643
OneAscent International Equity ETF
OAIM
$368M
| $902K | ﹤0.01% |
26,994
+20,536
| +318% | +$683K |
|
3644
TFI International
TFII
$11.3B
| $902K | ﹤0.01% |
11,640
+39
| +0.3% | +$4.32K |
|
|
RWT
3645
Redwood Trust
RWT
$572M
| $901K | ﹤0.01% |
148,367
+2,908
| +2% | +$18.6K |
|
|
HPF
3646
John Hancock Preferred Income Fund II
HPF
$344M
| $900K | ﹤0.01% |
54,133
+10,453
| +24% | +$176K |
|
|
BERY
3647
DELISTED
Berry Global Group, Inc.
BERY
| $899K | ﹤0.01% |
12,873
-24,235
| -65% | -$1.68M |
|
3648
Hancock Whitney
HWC
$6.25B
| $897K | ﹤0.01% |
17,101
+507
| +3% | +$28.5K |
|
3649
First Trust Active Factor Mid Cap ETF
AFMC
$195M
| $897K | ﹤0.01% |
+29,435
| New | +$937K |
|
3650
Alkermes
ALKS
$8.17B
| $897K | ﹤0.01% |
+27,151
| New | +$885K |
|
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.