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 | |
|---|---|---|---|---|---|---|
3751
Agilysys
AGYS
$3.12B
| $795K | ﹤0.01% |
10,962
-557
| -5% | -$50.9K |
|
3752
BigBear.ai
BBAI
$1.45B
| $793K | ﹤0.01% |
277,192
+128,094
| +86% | +$610K |
|
3753
WillScot Mobile Mini Holdings
WSC
$4.81B
| $790K | ﹤0.01% |
28,434
-3,756
| -12% | -$128K |
|
3754
Kemper
KMPR
$1.72B
| $788K | ﹤0.01% |
11,787
+640
| +6% | +$42.5K |
|
3755
Amplify Alternative Harvest ETF
MJ
$99.4M
| $786K | ﹤0.01% |
40,308
-3,930
| -9% | -$93.5K |
|
3756
Flowers Foods
FLO
$1.57B
| $786K | ﹤0.01% |
41,327
+5,194
| +14% | +$99.3K |
|
3757
Nuveen Short-Term REIT ETF
NURE
$36M
| $784K | ﹤0.01% |
25,085
-6,209
| -20% | -$195K |
|
3758
La-Z-Boy
LZB
$1.66B
| $784K | ﹤0.01% |
20,067
+148
| +0.7% | +$6.42K |
|
3759
Affiliated Managers Group
AMG
$9.92B
| $784K | ﹤0.01% |
4,665
+163
| +4% | +$28.4K |
|
|
TBLU
3760
Tortoise Global Water ETF
TBLU
$58.9M
| $783K | ﹤0.01% |
16,547
-1,875
| -10% | -$88.8K |
|
3761
Veracyte
VCYT
$3.71B
| $783K | ﹤0.01% |
26,395
-606
| -2% | -$23.1K |
|
3762
Invesco WilderHill Clean Energy ETF
PBW
$414M
| $782K | ﹤0.01% |
49,683
-5,711
| -10% | -$107K |
|
3763
LXP Industrial Trust
LXP
$3.58B
| $781K | ﹤0.01% |
18,064
-1,356
| -7% | -$58.1K |
|
3764
Kforce
KFRC
$1.05B
| $781K | ﹤0.01% |
15,978
+3,784
| +31% | +$197K |
|
|
PEO
3765
Adams Natural Resources Fund
PEO
$721M
| $781K | ﹤0.01% |
34,242
-22,700
| -40% | -$509K |
|
3766
Global X Genomics & Biotechnology ETF
GNOM
$82.5M
| $777K | ﹤0.01% |
24,443
+6,963
| +40% | +$264K |
|
3767
FT Vest Gold Strategy Target Income ETF
IGLD
$524M
| $777K | ﹤0.01% |
37,054
+21,213
| +134% | +$420K |
|
3768
CapForce IBD 50 ETF
FFTY
$82M
| $777K | ﹤0.01% |
28,804
+7,486
| +35% | +$220K |
|
3769
Amkor Technology
AMKR
$13.4B
| $775K | ﹤0.01% |
42,938
-21,816
| -34% | -$493K |
|
3770
Ingles Markets
IMKTA
$1.67B
| $774K | ﹤0.01% |
11,885
+2,383
| +25% | +$152K |
|
|
ABOT
3771
Abacus FCF Innovation Leaders ETF
ABOT
$4.19M
| $774K | ﹤0.01% |
22,743
| – | – |
|
|
FITB
3772
PUT
Fifth Third Bancorp
FITB
$52.2B
| $772K | ﹤0.01% |
+19,700
| New | +$831K |
|
3773
Cass Information Systems
CASS
$731M
| $772K | ﹤0.01% |
17,842
+2,941
| +20% | +$125K |
|
3774
Liberty Energy
LBRT
$3.17B
| $771K | ﹤0.01% |
48,687
+33,899
| +229% | +$609K |
|
|
QVMS
3775
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$257M
| $769K | ﹤0.01% |
31,245
+2,978
| +11% | +$78.8K |
|
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.