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 | |
|---|---|---|---|---|---|---|
3851
JPMorgan Short Duration Core Plus ETF
JSCP
$1.71B
| $699K | ﹤0.01% |
14,803
-44,399
| -75% | -$2.08M |
|
3852
Westamerica Bancorp
WABC
$1.38B
| $698K | ﹤0.01% |
13,781
+515
| +4% | +$26.2K |
|
3853
Gorman-Rupp
GRC
$2.25B
| $698K | ﹤0.01% |
19,877
+1,269
| +7% | +$47.7K |
|
3854
Coty
COTY
$2.49B
| $698K | ﹤0.01% |
127,545
-37,588
| -23% | -$235K |
|
|
EBTC
3855
DELISTED
Enterprise Bancorp
EBTC
| $698K | ﹤0.01% |
17,918
+1,366
| +8% | +$56K |
|
3856
VanEck Vietnam ETF
VNM
$506M
| $697K | ﹤0.01% |
55,845
+5,109
| +10% | +$60.5K |
|
3857
Capitol Federal Financial
CFFN
$1.12B
| $696K | ﹤0.01% |
124,367
+51,529
| +71% | +$300K |
|
3858
Arcosa
ACA
$7.14B
| $695K | ﹤0.01% |
9,013
+216
| +2% | +$19.8K |
|
3859
Steven Madden
SHOO
$3.59B
| $695K | ﹤0.01% |
26,082
+811
| +3% | +$28.5K |
|
3860
Avis
CAR
$4.9B
| $694K | ﹤0.01% |
9,143
+1,389
| +18% | +$112K |
|
3861
Clear Secure
YOU
$5.69B
| $693K | ﹤0.01% |
26,742
-7,890
| -23% | -$196K |
|
|
HEES
3862
DELISTED
H&E Equipment Services
HEES
| $690K | ﹤0.01% |
7,276
-11,150
| -61% | -$970K |
|
|
CTO
3863
CTO Realty Growth
CTO
$817M
| $689K | ﹤0.01% |
35,683
+10,295
| +41% | +$200K |
|
3864
Digi International
DGII
$2.74B
| $689K | ﹤0.01% |
24,757
+4,319
| +21% | +$133K |
|
3865
Westlake Chemical Partners
WLKP
$750M
| $688K | ﹤0.01% |
29,775
-5,361
| -15% | -$128K |
|
3866
Innovator Equity Defined Protection ETF - 2 Yr to April 2028
AAPR
$72.8M
| $686K | ﹤0.01% |
26,222
+14,971
| +133% | +$396K |
|
3867
FlexShares STOXX Global ESG Select Index Fund
ESGG
$114M
| $686K | ﹤0.01% |
4,041
-189
| -4% | -$32.9K |
|
|
PAI
3868
Western Asset Investment Grade Income Fund
PAI
$113M
| $685K | ﹤0.01% |
53,279
+1,500
| +3% | +$18.9K |
|
3869
BancFirst
BANF
$3.83B
| $684K | ﹤0.01% |
6,228
-200
| -3% | -$23.2K |
|
3870
National Beverage
FIZZ
$3.02B
| $684K | ﹤0.01% |
16,469
-627
| -4% | -$25.8K |
|
|
GRFS
3871
Grifois
GRFS
$5.4B
| $684K | ﹤0.01% |
96,180
+20,782
| +28% | +$157K |
|
3872
Virtus Real Asset Income ETF
VRAI
$18.3M
| $684K | ﹤0.01% |
29,102
+3,091
| +12% | +$72.5K |
|
3873
Vontier
VNT
$4.73B
| $684K | ﹤0.01% |
20,810
+9,450
| +83% | +$344K |
|
3874
Asana
ASAN
$2.05B
| $683K | ﹤0.01% |
46,907
+4,155
| +10% | +$78.8K |
|
3875
Varonis Systems
VRNS
$4.98B
| $683K | ﹤0.01% |
16,874
+5,621
| +50% | +$242K |
|
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.