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 | |
|---|---|---|---|---|---|---|
4251
Triumph Financial Inc
TFIN
$1.83B
| $457K | ﹤0.01% |
7,901
+1,835
| +30% | +$134K |
|
4252
WisdomTree
WT
$3.21B
| $455K | ﹤0.01% |
51,053
+38,452
| +305% | +$358K |
|
4253
Sphere Entertainment
SPHR
$5.29B
| $454K | ﹤0.01% |
13,866
-12,150
| -47% | -$494K |
|
4254
Marten Transport
MRTN
$1.22B
| $453K | ﹤0.01% |
33,042
-405
| -1% | -$6.03K |
|
4255
Silicon Motion
SIMO
$9.1B
| $453K | ﹤0.01% |
8,958
+1,315
| +17% | +$71.1K |
|
4256
Sprott Junior Gold Miners ETF
SGDJ
$289M
| $452K | ﹤0.01% |
10,622
-213
| -2% | -$8.19K |
|
4257
Amer Sports
AS
$21.1B
| $451K | ﹤0.01% |
16,882
+3,578
| +27% | +$106K |
|
4258
Century Communities
CCS
$1.96B
| $451K | ﹤0.01% |
6,716
+3,142
| +88% | +$227K |
|
4259
Energy Fuels
UUUU
$3.21B
| $451K | ﹤0.01% |
120,798
+56,259
| +87% | +$270K |
|
4260
CALL
Microsoft
MSFT
$3.66T
| $450K | ﹤0.01% |
+1,200
| New | +$489K |
|
4261
Bain Capital Specialty
BCSF
$824M
| $450K | ﹤0.01% |
27,135
-6,776
| -20% | -$119K |
|
4262
Franklin FTSE Canada ETF
FLCA
$814M
| $450K | ﹤0.01% |
12,094
-1,819
| -13% | -$68K |
|
|
WSR
4263
DELISTED
Whitestone REIT
WSR
| $450K | ﹤0.01% |
30,876
+1,029
| +3% | +$14.2K |
|
|
NFBK
4264
DELISTED
Northfield Bancorp
NFBK
| $450K | ﹤0.01% |
+41,227
| New | +$474K |
|
4265
CTS Corp
CTS
$1.86B
| $450K | ﹤0.01% |
10,824
+2,893
| +36% | +$135K |
|
4266
Teekay Tankers
TNK
$2.79B
| $449K | ﹤0.01% |
11,738
+3,113
| +36% | +$126K |
|
4267
American Century Focused Large Cap Value ETF
FLV
$375M
| $449K | ﹤0.01% |
+6,419
| New | +$443K |
|
4268
Alarm.com
ALRM
$2.75B
| $449K | ﹤0.01% |
8,060
-31
| -0.4% | -$1.86K |
|
4269
SLM Corp
SLM
$5.24B
| $448K | ﹤0.01% |
15,259
+2,305
| +18% | +$67.4K |
|
4270
S&T Bancorp
STBA
$1.85B
| $448K | ﹤0.01% |
12,084
-228
| -2% | -$8.76K |
|
4271
Invesco MSCI Global Timber ETF
CUT
$33.7M
| $447K | ﹤0.01% |
14,551
-152
| -1% | -$4.89K |
|
4272
KraneShares Electric Vehicles and Future Mobility Index ETF
KARS
$78.9M
| $447K | ﹤0.01% |
21,070
-10,868
| -34% | -$236K |
|
|
NREF
4273
NexPoint Real Estate Finance
NREF
$327M
| $447K | ﹤0.01% |
29,211
-1,882
| -6% | -$29.5K |
|
4274
PUT
Vistra
VST
$48.3B
| $446K | ﹤0.01% |
+3,800
| New | +$568K |
|
4275
Acquirers Small and Micro Deep Value ETF
DEEP
$28.5M
| $446K | ﹤0.01% |
14,430
-1,416
| -9% | -$47.3K |
|
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.