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 | |
|---|---|---|---|---|---|---|
3801
AllianzIM U.S. Equity Buffer10 Feb ETF
FEBT
$162M
| $739K | ﹤0.01% |
22,629
| – | – |
|
3802
HNI Corp
HNI
$3.5B
| $739K | ﹤0.01% |
16,668
-22,692
| -58% | -$1.07M |
|
3803
Mueller Water Products
MWA
$4.13B
| $738K | ﹤0.01% |
29,052
+11,325
| +64% | +$284K |
|
3804
AMES National
ATLO
$277M
| $738K | ﹤0.01% |
42,147
+8,891
| +27% | +$159K |
|
|
NQP
3805
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
| $738K | ﹤0.01% |
65,775
+964
| +1% | +$11K |
|
3806
FT Vest US Equity Max Buffer ETF March
MARM
$108M
| $735K | ﹤0.01% |
23,442
+12,038
| +106% | +$375K |
|
3807
Southside Bancshares
SBSI
$973M
| $735K | ﹤0.01% |
25,383
-3,057
| -11% | -$93.7K |
|
3808
AMN Healthcare
AMN
$1.27B
| $734K | ﹤0.01% |
30,024
+7,482
| +33% | +$192K |
|
|
AEVA
3809
Aeva Technologies
AEVA
$1.34B
| $731K | ﹤0.01% |
104,409
+9,480
| +10% | +$39.1K |
|
3810
Petrobras Class A
PBR.A
$105B
| $729K | ﹤0.01% |
55,905
+17,256
| +45% | +$217K |
|
3811
Vivid Seats
SEAT
$88.1M
| $728K | ﹤0.01% |
12,295
+9,927
| +419% | +$799K |
|
3812
Uranium Energy
UEC
$5.31B
| $727K | ﹤0.01% |
152,155
-30,183
| -17% | -$189K |
|
3813
Compass
COMP
$9.59B
| $727K | ﹤0.01% |
83,241
+25,291
| +44% | +$200K |
|
3814
Absolute Select Value ETF
ABEQ
$145M
| $726K | ﹤0.01% |
+21,309
| New | +$701K |
|
3815
Amneal Pharmaceuticals
AMRX
$5.89B
| $726K | ﹤0.01% |
86,632
-16,333
| -16% | -$136K |
|
3816
Peloton Interactive
PTON
$2.82B
| $725K | ﹤0.01% |
114,706
+38,257
| +50% | +$300K |
|
3817
Cousins Properties
CUZ
$5.06B
| $724K | ﹤0.01% |
24,549
+1,400
| +6% | +$41.9K |
|
3818
American Outdoor Brands
AOUT
$157M
| $724K | ﹤0.01% |
59,500
+5,953
| +11% | +$91.4K |
|
|
SAND
3819
DELISTED
Sandstorm Gold
SAND
| $723K | ﹤0.01% |
95,796
-6,280
| -6% | -$39.2K |
|
3820
Ionis Pharmaceuticals
IONS
$9.01B
| $723K | ﹤0.01% |
23,966
-16,410
| -41% | -$537K |
|
3821
John Wiley & Sons Class A
WLY
$2.76B
| $722K | ﹤0.01% |
16,213
+2,293
| +16% | +$96.9K |
|
|
AIVC
3822
Amplify Bloomberg AI Equal Weight ETF
AIVC
$121M
| $721K | ﹤0.01% |
16,833
+485
| +3% | +$23.8K |
|
3823
Andersons Inc
ANDE
$2.38B
| $721K | ﹤0.01% |
+16,795
| New | +$714K |
|
3824
NextDecade
NEXT
$1.71B
| $720K | ﹤0.01% |
92,481
-7,800
| -8% | -$62.9K |
|
3825
Innovator US Equity Ultra Buffer ETF September
USEP
$149M
| $719K | ﹤0.01% |
20,900
-149
| -0.7% | -$5.26K |
|
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.