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 | |
|---|---|---|---|---|---|---|
4226
Crescent Capital BDC
CCAP
$414M
| $474K | ﹤0.01% |
27,669
+3,232
| +13% | +$60.2K |
|
4227
Quest Resource Holding
QRHC
$27.2M
| $473K | ﹤0.01% |
181,830
+71,646
| +65% | +$339K |
|
4228
The Bancorp
TBBK
$2.96B
| $472K | ﹤0.01% |
8,938
-292
| -3% | -$16.2K |
|
4229
Sensient Technologies
SXT
$5.41B
| $470K | ﹤0.01% |
6,313
+684
| +12% | +$49.8K |
|
4230
Acadia Pharmaceuticals
ACAD
$4.65B
| $469K | ﹤0.01% |
28,247
+1,877
| +7% | +$34.1K |
|
4231
CALL
GameStop
GME
$8.62B
| $469K | ﹤0.01% |
21,000
-20,700
| -50% | -$542K |
|
4232
TriCo Bancshares
TCBK
$1.86B
| $468K | ﹤0.01% |
11,714
+10
| +0.1% | +$427 |
|
4233
Ameris Bancorp
ABCB
$5.92B
| $468K | ﹤0.01% |
8,129
+914
| +13% | +$57K |
|
4234
Park Aerospace
PKE
$774M
| $466K | ﹤0.01% |
34,623
+11,687
| +51% | +$164K |
|
4235
West Fraser Timber
WFG
$5.2B
| $466K | ﹤0.01% |
6,051
-591
| -9% | -$48.6K |
|
4236
ProShares Decline of the Retail Store ETF
EMTY
$2.86M
| $465K | ﹤0.01% |
+16,850
| New | +$449K |
|
4237
PROG Holdings
PRG
$1.82B
| $465K | ﹤0.01% |
17,477
-2,242
| -11% | -$79.2K |
|
4238
Cerence
CRNC
$403M
| $465K | ﹤0.01% |
58,819
+38,740
| +193% | +$477K |
|
|
EOD
4239
Allspring Global Dividend Opportunity Fund
EOD
$281M
| $464K | ﹤0.01% |
93,752
+9,799
| +12% | +$49.2K |
|
|
GAMB
4240
DELISTED
Gambling.com
GAMB
| $464K | ﹤0.01% |
36,746
+8,197
| +29% | +$115K |
|
|
PMF
4241
DELISTED
PIMCO Municipal Income Fund
PMF
| $464K | ﹤0.01% |
52,454
-3,621
| -6% | -$32.7K |
|
4242
IMAX
IMAX
$2.8B
| $463K | ﹤0.01% |
17,554
+92
| +0.5% | +$2.3K |
|
4243
PUT
Vanguard S&P 500 ETF
VOO
$1.01T
| $463K | ﹤0.01% |
900
| – | – |
|
4244
VictoryShares US Value Momentum ETF
ULVM
$270M
| $462K | ﹤0.01% |
5,758
+389
| +7% | +$32.1K |
|
4245
LiveRamp
RAMP
$2.3B
| $460K | ﹤0.01% |
17,582
+7,011
| +66% | +$214K |
|
4246
Smith & Wesson
SWBI
$660M
| $460K | ﹤0.01% |
49,304
-357
| -0.7% | -$3.68K |
|
4247
Horizon Bancorp
HBNC
$1.06B
| $458K | ﹤0.01% |
30,387
-19,955
| -40% | -$324K |
|
4248
Origin Bancorp
OBK
$1.7B
| $458K | ﹤0.01% |
13,212
+3,457
| +35% | +$127K |
|
4249
Option Care Health
OPCH
$3.55B
| $457K | ﹤0.01% |
13,076
+2,438
| +23% | +$76.5K |
|
|
EVBN
4250
DELISTED
Evans Bancorp Inc
EVBN
| $457K | ﹤0.01% |
11,719
-1,412
| -11% | -$59.2K |
|
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.