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 | |
|---|---|---|---|---|---|---|
|
XIFR
4026
XPLR Infrastructure LP
XIFR
$1.09B
| $583K | ﹤0.01% |
61,403
-64,724
| -51% | -$734K |
|
4027
PUT
ExxonMobil
XOM
$628B
| $583K | ﹤0.01% |
4,900
-1,200
| -20% | -$133K |
|
4028
Community Health Systems
CYH
$416M
| $582K | ﹤0.01% |
215,394
+20,124
| +10% | +$62.7K |
|
4029
Choiceone Financial
COFS
$511M
| $580K | ﹤0.01% |
20,166
+10
| +0% | +$320 |
|
4030
Newell Brands
NWL
$2.63B
| $577K | ﹤0.01% |
93,075
-3,219
| -3% | -$25.8K |
|
4031
Gulfport Energy Corp
GPOR
$2.81B
| $577K | ﹤0.01% |
+3,132
| New | +$569K |
|
4032
OR Royalties Inc
OR
$6.04B
| $577K | ﹤0.01% |
27,301
-6,297
| -19% | -$121K |
|
4033
Dimensional Emerging Markets Value ETF
DFEV
$2.01B
| $577K | ﹤0.01% |
21,315
-1,097
| -5% | -$29.5K |
|
4034
CALL
Meta Platforms (Facebook)
META
$1.5T
| $576K | ﹤0.01% |
1,000
-600
| -38% | -$387K |
|
4035
Orion
OEC
$370M
| $576K | ﹤0.01% |
44,549
-116,771
| -72% | -$1.65M |
|
4036
Semtech
SMTC
$11.3B
| $576K | ﹤0.01% |
16,734
-2,420
| -13% | -$119K |
|
4037
Beam Therapeutics
BEAM
$2.78B
| $575K | ﹤0.01% |
29,457
+1,759
| +6% | +$46.1K |
|
4038
Hennessy Sustainable ETF
STNC
$93.6M
| $575K | ﹤0.01% |
19,271
-638
| -3% | -$19.7K |
|
|
PSTL
4039
Postal Realty Trust
PSTL
$703M
| $573K | ﹤0.01% |
40,145
+16,511
| +70% | +$222K |
|
4040
First Trust Eurozone AlphaDEX
FEUZ
$137M
| $573K | ﹤0.01% |
12,318
-2,296
| -16% | -$102K |
|
4041
Qiagen
QGEN
$8.65B
| $572K | ﹤0.01% |
14,255
-2,506
| -15% | -$105K |
|
|
RC
4042
Ready Capital
RC
$278M
| $572K | ﹤0.01% |
112,435
+80,121
| +248% | +$494K |
|
4043
Fidelity Fundamental Large Cap Growth ETF
FFLG
$619M
| $572K | ﹤0.01% |
25,823
+11,584
| +81% | +$287K |
|
4044
Stellus Capital Investment Corp
SCM
$234M
| $572K | ﹤0.01% |
40,824
-5,566
| -12% | -$80.7K |
|
4045
Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
$362M
| $571K | ﹤0.01% |
17,048
+1,809
| +12% | +$60.1K |
|
4046
PGIM Active Aggregate Bond ETF
PAB
$71M
| $571K | ﹤0.01% |
13,469
+3,037
| +29% | +$127K |
|
4047
Winnebago Industries
WGO
$904M
| $570K | ﹤0.01% |
16,549
-1,184
| -7% | -$50.2K |
|
4048
FT Vest US Equity Enhance & Moderate Buffer ETF September
XSEP
$136M
| $569K | ﹤0.01% |
14,727
+3,253
| +28% | +$127K |
|
4049
LendingTree
TREE
$475M
| $568K | ﹤0.01% |
11,308
+176
| +2% | +$7.84K |
|
|
ERC
4050
Allspring Multi-Sector Income Fund
ERC
$258M
| $568K | ﹤0.01% |
61,644
+39,858
| +183% | +$369K |
|
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.