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 | |
|---|---|---|---|---|---|---|
4001
Cytokinetics
CYTK
$10.7B
| $597K | ﹤0.01% |
14,861
+873
| +6% | +$40.1K |
|
4002
Eastern Bankshares
EBC
$5.31B
| $595K | ﹤0.01% |
36,300
-1,908
| -5% | -$33.2K |
|
4003
J&J Snack Foods
JJSF
$1.59B
| $595K | ﹤0.01% |
4,516
+202
| +5% | +$27.1K |
|
4004
BlackBerry
BB
$5.12B
| $595K | ﹤0.01% |
157,741
-35,083
| -18% | -$160K |
|
|
GRW
4005
TCW ETF Trust TCW Durable Growth ETF
GRW
$67.1M
| $594K | ﹤0.01% |
17,937
-3,214
| -15% | -$108K |
|
4006
AllianzIM U.S. Equity Buffer20 Feb ETF
FEBW
$199M
| $594K | ﹤0.01% |
19,548
-3,677
| -16% | -$114K |
|
|
SEM
4007
DELISTED
Select Medical
SEM
| $594K | ﹤0.01% |
35,542
+4,101
| +13% | +$75.5K |
|
4008
Harrow
HROW
$1.47B
| $592K | ﹤0.01% |
22,262
+1,438
| +7% | +$43K |
|
4009
Codexis
CDXS
$156M
| $592K | ﹤0.01% |
220,125
-3,870
| -2% | -$15K |
|
4010
PIMCO RAFI Multi-Factor International Equity ETF
MFDX
$466M
| $592K | ﹤0.01% |
18,507
-57,146
| -76% | -$1.79M |
|
|
INVX
4011
Innovex International
INVX
$2.13B
| $591K | ﹤0.01% |
32,929
+12,293
| +60% | +$209K |
|
4012
Warner Music
WMG
$13.6B
| $591K | ﹤0.01% |
18,857
+715
| +4% | +$23.2K |
|
4013
Box
BOX
$4.43B
| $591K | ﹤0.01% |
19,154
-1,603
| -8% | -$51.9K |
|
4014
CALL
Devon Energy
DVN
$48.5B
| $591K | ﹤0.01% |
15,800
+4,300
| +37% | +$153K |
|
|
MVT
4015
DELISTED
BlackRock MuniVest Fund II
MVT
| $590K | ﹤0.01% |
55,813
+42,296
| +313% | +$454K |
|
|
DOCT
4016
FT Vest US Equity Deep Buffer ETF October
DOCT
$388M
| $590K | ﹤0.01% |
15,375
+6,623
| +76% | +$261K |
|
4017
Nuveen New York Municipal Value Fund
NNY
$156M
| $589K | ﹤0.01% |
71,344
+21,746
| +44% | +$179K |
|
4018
Grupo Aeroportuario del Pacifico
PAC
$12.9B
| $589K | ﹤0.01% |
3,176
+488
| +18% | +$92.5K |
|
4019
DiaMedica Therapeutics
DMAC
$359M
| $589K | ﹤0.01% |
155,300
+3,300
| +2% | +$18.9K |
|
|
BAND
4020
Bandwidth Inc
BAND
$1.47B
| $588K | ﹤0.01% |
44,894
+21,564
| +92% | +$353K |
|
4021
Lattice Semiconductor
LSCC
$18.2B
| $587K | ﹤0.01% |
11,201
+1,655
| +17% | +$98.5K |
|
4022
ImmunityBio
IBRX
$7.59B
| $587K | ﹤0.01% |
195,146
-62,303
| -24% | -$189K |
|
|
EFC
4023
Ellington Financial
EFC
$1.66B
| $587K | ﹤0.01% |
44,270
-8,523
| -16% | -$110K |
|
4024
Greif
GEF
$5.12B
| $585K | ﹤0.01% |
10,634
+6,046
| +132% | +$356K |
|
4025
Vital Farms
VITL
$524M
| $584K | ﹤0.01% |
19,164
+1,750
| +10% | +$63K |
|
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.