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 | |
|---|---|---|---|---|---|---|
3976
Goldman Sachs MarketBeta Russell 1000 Value Equity ETF
GVUS
$428M
| $616K | ﹤0.01% |
12,738
-1,150
| -8% | -$56.3K |
|
3977
SiTime
SITM
$16.3B
| $616K | ﹤0.01% |
4,027
+1,816
| +82% | +$348K |
|
|
LSEA
3978
DELISTED
Landsea Homes
LSEA
| $614K | ﹤0.01% |
95,580
+7,166
| +8% | +$55.5K |
|
3979
American Superconductor
AMSC
$1.6B
| $613K | ﹤0.01% |
33,775
-24,759
| -42% | -$617K |
|
3980
SharkNinja
SN
$25.8B
| $611K | ﹤0.01% |
7,325
+1,360
| +23% | +$138K |
|
3981
VSE Corp
VSEC
$6.05B
| $611K | ﹤0.01% |
5,091
+1,868
| +58% | +$200K |
|
3982
Mercantile Bank Corp
MBWM
$1.07B
| $609K | ﹤0.01% |
14,013
+3,172
| +29% | +$147K |
|
3983
Innovator International Developed Power Buffer ETF July
IJUL
$253M
| $608K | ﹤0.01% |
20,890
-623
| -3% | -$18K |
|
3984
Alerus Financial
ALRS
$844M
| $608K | ﹤0.01% |
32,950
+532
| +2% | +$10.6K |
|
3985
McEwen Inc
MUX
$1.18B
| $608K | ﹤0.01% |
80,530
+63,950
| +386% | +$499K |
|
|
EDD
3986
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$384M
| $606K | ﹤0.01% |
128,942
-11,631
| -8% | -$54.9K |
|
3987
Extreme Networks
EXTR
$3.43B
| $605K | ﹤0.01% |
45,766
+11,750
| +35% | +$184K |
|
3988
Strategic Education
STRA
$1.89B
| $605K | ﹤0.01% |
7,203
-340
| -5% | -$31.2K |
|
3989
Seacoast Banking Corp of Florida
SBCF
$3.39B
| $604K | ﹤0.01% |
23,494
+6,408
| +38% | +$175K |
|
3990
RCI Hospitality Holdings
RICK
$198M
| $604K | ﹤0.01% |
14,073
-431
| -3% | -$22K |
|
3991
Cable One
CABO
$246M
| $604K | ﹤0.01% |
2,272
+118
| +5% | +$34.5K |
|
|
JOYY
3992
JOYY Inc
JOYY
$3.77B
| $604K | ﹤0.01% |
14,381
+962
| +7% | +$43.3K |
|
3993
Full House Resorts
FLL
$80.5M
| $603K | ﹤0.01% |
144,271
+50,500
| +54% | +$239K |
|
3994
SP Funds Dow Jones Global Sukuk ETF
SPSK
$648M
| $602K | ﹤0.01% |
33,409
+12,497
| +60% | +$223K |
|
3995
Ardelyx
ARDX
$1.21B
| $602K | ﹤0.01% |
122,562
-16,242
| -12% | -$87.2K |
|
|
BNY
3996
DELISTED
BlackRock New York Municipal Income Trust
BNY
| $601K | ﹤0.01% |
59,123
+475
| +0.8% | +$4.92K |
|
3997
Franklin FTSE Europe ETF
FLEE
$120M
| $600K | ﹤0.01% |
19,409
+1,473
| +8% | +$44.4K |
|
3998
First Trust Active Factor Small Cap ETF
AFSM
$123M
| $599K | ﹤0.01% |
+21,451
| New | +$633K |
|
3999
Cambria Global Value ETF
GVAL
$594M
| $598K | ﹤0.01% |
24,177
+10,910
| +82% | +$251K |
|
4000
1st Source
SRCE
$2.17B
| $598K | ﹤0.01% |
9,994
+236
| +2% | +$14.6K |
|
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.