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 | |
|---|---|---|---|---|---|---|
4126
ProShares S&P 500 ex-Technology ETF
SPXT
$288M
| $526K | ﹤0.01% |
5,777
+887
| +18% | +$83.2K |
|
4127
KraneShares China Internet and Covered Call Strategy ETF
KLIP
$101M
| $526K | ﹤0.01% |
+16,000
| New | +$528K |
|
4128
Supernus Pharmaceuticals
SUPN
$2.72B
| $526K | ﹤0.01% |
16,053
+3,312
| +26% | +$117K |
|
|
NXG
4129
NXG NextGen Infrastructure Income Fund
NXG
$333M
| $525K | ﹤0.01% |
11,163
-2,266
| -17% | -$109K |
|
4130
CALL
UnitedHealth
UNH
$376B
| $524K | ﹤0.01% |
1,000
-1,000
| -50% | -$511K |
|
|
SPPP
4131
Sprott Physical Platinum and Palladium Trust
SPPP
$616M
| $523K | ﹤0.01% |
52,662
-3,474
| -6% | -$33.2K |
|
4132
CALL
LPL Financial
LPLA
$28.4B
| $523K | ﹤0.01% |
1,600
+600
| +60% | +$209K |
|
4133
Marriott Vacations Worldwide
VAC
$3.47B
| $523K | ﹤0.01% |
8,145
+929
| +13% | +$73.8K |
|
4134
CALL
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$54.4B
| $522K | ﹤0.01% |
+6,500
| New | +$567K |
|
4135
Shenandoah Telecom
SHEN
$718M
| $522K | ﹤0.01% |
41,492
+3,031
| +8% | +$35.6K |
|
4136
Live Oak Bancshares
LOB
$2.02B
| $521K | ﹤0.01% |
19,555
+9,229
| +89% | +$307K |
|
4137
Peapack-Gladstone Financial
PGC
$827M
| $521K | ﹤0.01% |
18,357
+3,705
| +25% | +$116K |
|
4138
Xerox
XRX
$415M
| $520K | ﹤0.01% |
107,724
+30,660
| +40% | +$230K |
|
4139
Personalis
PSNL
$1.45B
| $519K | ﹤0.01% |
147,915
+4,000
| +3% | +$19K |
|
4140
Pampa Energía
PAM
$4.56B
| $519K | ﹤0.01% |
6,720
+2,841
| +73% | +$236K |
|
4141
SEI QiM U.S. Large Cap Momentum Active ETF
SEIM
$1.47B
| $519K | ﹤0.01% |
14,386
-235
| -2% | -$9.12K |
|
|
CET
4142
Central Securities Corp
CET
$1.63B
| $518K | ﹤0.01% |
11,530
+1,562
| +16% | +$72.5K |
|
4143
TFS Financial
TFSL
$5.18B
| $518K | ﹤0.01% |
41,822
+10,753
| +35% | +$138K |
|
4144
Albertsons Companies
ACI
$5.71B
| $516K | ﹤0.01% |
23,482
-57,789
| -71% | -$1.19M |
|
4145
Hawaiian Electric Industries
HE
$2.17B
| $516K | ﹤0.01% |
47,082
-362
| -0.8% | -$3.66K |
|
4146
CALL
Intel
INTC
$517B
| $516K | ﹤0.01% |
22,700
-3,900
| -15% | -$85.3K |
|
4147
PUT
iShares MSCI EAFE ETF
EFA
$79.5B
| $515K | ﹤0.01% |
6,300
+1,100
| +21% | +$88.7K |
|
|
4148
PUT
iShares S&P 500 Value ETF
IVE
$49.7B
| $515K | ﹤0.01% |
2,700
-100
| -4% | -$19.4K |
|
4149
Civeo
CVEO
$359M
| $513K | ﹤0.01% |
22,301
-3,386
| -13% | -$79.1K |
|
4150
Quaker Houghton
KWR
$2.95B
| $512K | ﹤0.01% |
4,144
+94
| +2% | +$12.8K |
|
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.