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 | |
|---|---|---|---|---|---|---|
4201
Cannae Holdings
CNNE
$660M
| $486K | ﹤0.01% |
26,533
+1,968
| +8% | +$37.1K |
|
|
NXJ
4202
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
| $486K | ﹤0.01% |
41,304
+9,253
| +29% | +$112K |
|
4203
Kulicke & Soffa
KLIC
$4.91B
| $486K | ﹤0.01% |
14,731
+164
| +1% | +$6.73K |
|
4204
Diamondrock Hospitality Co
DRH
$2.72B
| $486K | ﹤0.01% |
62,925
-280
| -0.4% | -$2.37K |
|
4205
ROBO Global Healthcare Technology and Innovation ETF
HTEC
$71M
| $485K | ﹤0.01% |
17,732
-4,156
| -19% | -$122K |
|
4206
Artivion
AORT
$1.31B
| $483K | ﹤0.01% |
19,662
+39
| +0.2% | +$1.08K |
|
4207
CALL
Citigroup
C
$230B
| $483K | ﹤0.01% |
+6,800
| New | +$519K |
|
4208
Crescent Energy
CRGY
$3.73B
| $483K | ﹤0.01% |
42,940
-47,278
| -52% | -$651K |
|
|
TEM
4209
CALL
Tempus AI
TEM
$8.49B
| $482K | ﹤0.01% |
+10,000
| New | +$540K |
|
4210
Franklin Genomic Advancements ETF
HELX
$29.5M
| $482K | ﹤0.01% |
17,850
+885
| +5% | +$26K |
|
4211
Invesco CurrencyShares Australian Dollar Trust
FXA
$97.6M
| $481K | ﹤0.01% |
7,775
-100
| -1% | -$6.22K |
|
|
DMA
4212
Destra Multi-Alternative Fund
DMA
$67.3M
| $480K | ﹤0.01% |
56,655
-4,611
| -8% | -$39.7K |
|
|
PRO
4213
DELISTED
PROS Holdings
PRO
| $479K | ﹤0.01% |
25,169
-4,947
| -16% | -$115K |
|
4214
Gibraltar Industries
ROCK
$1.43B
| $478K | ﹤0.01% |
8,157
-359
| -4% | -$22.3K |
|
4215
TCW Transform 500 ETF
VOTE
$1.13B
| $478K | ﹤0.01% |
7,315
-1,248
| -15% | -$86.2K |
|
|
ARDC
4216
Are Dynamic Credit Allocation Fund
ARDC
$301M
| $477K | ﹤0.01% |
33,787
+10,346
| +44% | +$154K |
|
4217
Privia Health
PRVA
$3B
| $477K | ﹤0.01% |
21,246
+11,079
| +109% | +$257K |
|
4218
Xponential Fitness
XPOF
$280M
| $477K | ﹤0.01% |
+57,230
| New | +$798K |
|
4219
Kinetik
KNTK
$3.58B
| $476K | ﹤0.01% |
9,169
+671
| +8% | +$39.3K |
|
4220
Zillow
ZG
$8.47B
| $476K | ﹤0.01% |
7,121
-4,813
| -40% | -$356K |
|
4221
Innovator US Equity Accelerated 9 Buffer ETF April
XBAP
$133M
| $476K | ﹤0.01% |
13,623
-214
| -2% | -$7.38K |
|
|
BHR
4222
Braemar Hotels & Resorts
BHR
$144M
| $475K | ﹤0.01% |
190,725
-61,087
| -24% | -$167K |
|
4223
Array Technologies
ARRY
$924M
| $475K | ﹤0.01% |
97,481
+44,273
| +83% | +$285K |
|
4224
Ceragon Networks
CRNT
$209M
| $475K | ﹤0.01% |
201,979
+178,683
| +767% | +$655K |
|
4225
DXP Enterprises
DXPE
$2.65B
| $474K | ﹤0.01% |
+5,767
| New | +$532K |
|
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.