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 | |
|---|---|---|---|---|---|---|
3951
Leggett & Platt
LEG
$1.4B
| $630K | ﹤0.01% |
79,702
-15,131
| -16% | -$143K |
|
3952
KBR
KBR
$4.58B
| $630K | ﹤0.01% |
12,650
-4,633
| -27% | -$247K |
|
3953
Upbound Group
UPBD
$1.17B
| $630K | ﹤0.01% |
26,285
+5,959
| +29% | +$164K |
|
3954
CareDx
CDNA
$2.35B
| $629K | ﹤0.01% |
35,424
+976
| +3% | +$21K |
|
3955
Valley National Bancorp
VLY
$8.17B
| $628K | ﹤0.01% |
70,618
+1,899
| +3% | +$18K |
|
|
ACLX
3956
DELISTED
Arcellx
ACLX
| $627K | ﹤0.01% |
9,554
+280
| +3% | +$19K |
|
3957
Cactus
WHD
$5.28B
| $627K | ﹤0.01% |
13,672
+983
| +8% | +$54.5K |
|
3958
Touchstone Dynamic International ETF
TDI
$413M
| $626K | ﹤0.01% |
20,927
+406
| +2% | +$11.9K |
|
3959
Harbor Commodity All-Weather Strategy ETF
HGER
$3.65B
| $626K | ﹤0.01% |
+26,042
| New | +$606K |
|
3960
State Street SPDR S&P China ETF
GXC
$477M
| $625K | ﹤0.01% |
7,273
-44,160
| -86% | -$3.63M |
|
3961
International General Insurance
IGIC
$1.15B
| $625K | ﹤0.01% |
23,762
+444
| +2% | +$11.3K |
|
3962
US Physical Therapy
USPH
$1.18B
| $625K | ﹤0.01% |
8,638
+4,773
| +123% | +$400K |
|
|
NBH
3963
Neuberger Municipal Fund Inc
NBH
$301M
| $625K | ﹤0.01% |
60,086
+1,904
| +3% | +$20K |
|
3964
Simplify US Equity PLUS Downside Convexity ETF
SPD
$110M
| $624K | ﹤0.01% |
20,175
+1,926
| +11% | +$64K |
|
3965
Cambria Global Momentum ETF
GMOM
$71M
| $624K | ﹤0.01% |
21,824
-2,346
| -10% | -$68.7K |
|
3966
OceanFirst Financial
OCFC
$1.73B
| $624K | ﹤0.01% |
36,675
-8,582
| -19% | -$153K |
|
3967
Insperity
NSP
$1.95B
| $624K | ﹤0.01% |
6,990
+763
| +12% | +$63.4K |
|
3968
Brunswick
BC
$5.43B
| $623K | ﹤0.01% |
11,576
+1,484
| +15% | +$93K |
|
3969
AdvisorShares Dorsey Wright ADR ETF
AADR
$38.7M
| $620K | ﹤0.01% |
8,337
+2,496
| +43% | +$187K |
|
|
HYBX
3970
TCW High Yield Bond ETF
HYBX
$31.3M
| $619K | ﹤0.01% |
20,462
-3,619
| -15% | -$110K |
|
3971
Pacira BioSciences
PCRX
$979M
| $619K | ﹤0.01% |
24,905
+11,584
| +87% | +$277K |
|
3972
Core & Main
CNM
$8.71B
| $618K | ﹤0.01% |
12,795
-4,962
| -28% | -$257K |
|
3973
PIMCO Commodity Strategy Active Exchange-Traded Fund
CMDT
$793M
| $618K | ﹤0.01% |
+23,074
| New | +$605K |
|
3974
ALPS Medical Breakthroughs ETF
SBIO
$210M
| $617K | ﹤0.01% |
21,634
-5,064
| -19% | -$160K |
|
|
FSFG
3975
DELISTED
First Savings Financial Group
FSFG
| $617K | ﹤0.01% |
23,937
+147
| +0.6% | +$3.68K |
|
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.