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 | |
|---|---|---|---|---|---|---|
4051
FTI Consulting
FCN
$4.27B
| $568K | ﹤0.01% |
3,460
-10,304
| -75% | -$1.85M |
|
4052
Five Point Holdings
FPH
$371M
| $568K | ﹤0.01% |
106,283
+18,487
| +21% | +$97.4K |
|
4053
Nuveen Municipal Income
NMI
$130M
| $566K | ﹤0.01% |
57,552
+2,311
| +4% | +$22.6K |
|
|
PINE
4054
Alpine Income Property Trust
PINE
$327M
| $566K | ﹤0.01% |
33,861
+2,224
| +7% | +$36.8K |
|
4055
8x8 Inc
EGHT
$322M
| $566K | ﹤0.01% |
282,960
+62,466
| +28% | +$161K |
|
4056
Ormat Technologies
ORA
$6.05B
| $565K | ﹤0.01% |
7,990
+1,154
| +17% | +$78.2K |
|
4057
POSCO
PKX
$16.6B
| $565K | ﹤0.01% |
11,891
+1,987
| +20% | +$92.9K |
|
4058
CALL
Advanced Micro Devices
AMD
$795B
| $565K | ﹤0.01% |
5,500
+2,000
| +57% | +$222K |
|
4059
Hudbay
HBM
$11.5B
| $565K | ﹤0.01% |
74,447
+48,378
| +186% | +$394K |
|
4060
Innovator US Equity Ultra Buffer ETF November
UNOV
$109M
| $565K | ﹤0.01% |
16,630
+632
| +4% | +$22K |
|
4061
Henry Schein
HSIC
$10.2B
| $564K | ﹤0.01% |
8,231
-308
| -4% | -$22.7K |
|
4062
WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund
CXSE
$501M
| $563K | ﹤0.01% |
16,532
+873
| +6% | +$28.3K |
|
4063
iShares iBonds Dec 2033 Term Treasury ETF
IBTO
$464M
| $562K | ﹤0.01% |
23,039
+5,154
| +29% | +$123K |
|
4064
CALL
iShares Core S&P 500 ETF
IVV
$900B
| $562K | ﹤0.01% |
+1,000
| New | +$591K |
|
4065
TechTarget
TTGT
$317M
| $562K | ﹤0.01% |
61,360
+3,957
| +7% | +$63.7K |
|
4066
NCR Atleos
NATL
$3.47B
| $562K | ﹤0.01% |
21,288
+1,909
| +10% | +$56.8K |
|
4067
Avient
AVNT
$3.5B
| $562K | ﹤0.01% |
15,112
-177
| -1% | -$7.32K |
|
4068
Krispy Kreme
DNUT
$531M
| $562K | ﹤0.01% |
+114,135
| New | +$872K |
|
|
CVSA
4069
Covista Inc
CVSA
$4.41B
| $561K | ﹤0.01% |
5,576
+1,139
| +26% | +$114K |
|
4070
Photronics
PLAB
$1.89B
| $561K | ﹤0.01% |
27,012
-1,254
| -4% | -$27.9K |
|
4071
Achieve Life Sciences
ACHV
$668M
| $560K | ﹤0.01% |
209,833
+13,000
| +7% | +$40.4K |
|
4072
First Merchants
FRME
$2.73B
| $560K | ﹤0.01% |
13,850
+588
| +4% | +$24.5K |
|
|
GENZ
4073
VanEck Digital Native Economy ETF
GENZ
$17.1M
| $560K | ﹤0.01% |
14,961
-3,007
| -17% | -$122K |
|
4074
John Hancock Multifactor Emerging Markets ETF
JHEM
$1.02B
| $559K | ﹤0.01% |
20,979
+1,872
| +10% | +$49.5K |
|
4075
Viavi Solutions
VIAV
$9.8B
| $559K | ﹤0.01% |
49,953
+11,130
| +29% | +$124K |
|
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.