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 | |
|---|---|---|---|---|---|---|
4151
Impact Shares Womens Empowerment ETF Trading
WOMN
$58.6M
| $512K | ﹤0.01% |
13,371
-10,984
| -45% | -$433K |
|
4152
PUT
Palo Alto Networks
PANW
$299B
| $512K | ﹤0.01% |
3,000
+1,600
| +114% | +$296K |
|
4153
Electromed
ELMD
$347M
| $512K | ﹤0.01% |
+21,449
| New | +$627K |
|
4154
Progyny
PGNY
$2.47B
| $511K | ﹤0.01% |
22,893
+5,971
| +35% | +$129K |
|
4155
Hafnia
HAFN
$3.69B
| $511K | ﹤0.01% |
122,850
-65,542
| -35% | -$325K |
|
4156
Minerals Technologies
MTX
$2.37B
| $510K | ﹤0.01% |
8,028
+286
| +4% | +$20.4K |
|
4157
Liberty Broadband Class A
LBRDA
$5.06B
| $510K | ﹤0.01% |
+6,002
| New | +$479K |
|
4158
ProShares MSCI Europe Dividend Growers ETF
EUDV
$8.51M
| $510K | ﹤0.01% |
10,327
-334
| -3% | -$16.3K |
|
|
TXNM
4159
TXNM Energy Inc
TXNM
$5.93B
| $510K | ﹤0.01% |
9,530
-20
| -0.2% | -$1K |
|
4160
Spectrum Brands
SPB
$2.11B
| $510K | ﹤0.01% |
7,122
-162
| -2% | -$12.7K |
|
4161
Herc Holdings
HRI
$5.65B
| $508K | ﹤0.01% |
3,783
+800
| +27% | +$136K |
|
|
JPXN
4162
iShares JPX-Nikkei 400 ETF
JPXN
$139M
| $507K | ﹤0.01% |
6,947
-792
| -10% | -$57.6K |
|
4163
Madison Square Garden
MSGS
$9.42B
| $507K | ﹤0.01% |
2,603
+331
| +15% | +$68.4K |
|
4164
Pebblebrook Hotel Trust 6.375% Series E Preferred Shares
PEB.PRE
$88.6M
| $507K | ﹤0.01% |
+29,555
| New | +$563K |
|
4165
O-I Glass
OI
$1.16B
| $506K | ﹤0.01% |
44,110
+20,625
| +88% | +$235K |
|
4166
Orange County Bancorp
OBT
$518M
| $504K | ﹤0.01% |
21,560
-1,650
| -7% | -$42.2K |
|
|
PFD
4167
Flaherty & Crumrine Preferred and Income Fund
PFD
$146M
| $504K | ﹤0.01% |
44,941
+6,458
| +17% | +$72.8K |
|
4168
Under Armour
UAA
$2.91B
| $504K | ﹤0.01% |
80,594
-6,382
| -7% | -$47.5K |
|
|
PPBI
4169
DELISTED
Pacific Premier Bancorp
PPBI
| $503K | ﹤0.01% |
23,614
+764
| +3% | +$18.2K |
|
4170
IAMGOLD
IAG
$9.29B
| $503K | ﹤0.01% |
80,503
+26,226
| +48% | +$155K |
|
|
WRD
4171
WeRide Inc
WRD
$1.96B
| $503K | ﹤0.01% |
+37,053
| New | +$633K |
|
|
ASA
4172
ASA Gold and Precious Metals
ASA
$1.03B
| $503K | ﹤0.01% |
16,678
+851
| +5% | +$21.1K |
|
4173
Univest Financial
UVSP
$1.23B
| $501K | ﹤0.01% |
17,663
-10,360
| -37% | -$307K |
|
4174
Impact Shares NAACP Minority Empowerment ETF
NACP
$77M
| $500K | ﹤0.01% |
+12,560
| New | +$525K |
|
|
CHX
4175
DELISTED
ChampionX
CHX
| $500K | ﹤0.01% |
16,785
-6,640
| -28% | -$194K |
|
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.