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 | |
|---|---|---|---|---|---|---|
|
UHT
4301
Universal Health Realty Income Trust
UHT
$592M
| $433K | ﹤0.01% |
10,583
-428
| -4% | -$16.8K |
|
|
SKE
4302
Skeena Resources
SKE
$3.36B
| $432K | ﹤0.01% |
42,825
-42,730
| -50% | -$430K |
|
4303
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
TLTE
$347M
| $432K | ﹤0.01% |
8,230
+1,528
| +23% | +$80K |
|
4304
Norwood Financial Corp
NWFL
$372M
| $430K | ﹤0.01% |
17,776
+7,992
| +82% | +$205K |
|
4305
Galicia Financial Group
GGAL
$8.11B
| $429K | ﹤0.01% |
+7,883
| New | +$490K |
|
4306
Amplify Travel Tech ETF
AWAY
$26.9M
| $429K | ﹤0.01% |
21,642
-25,431
| -54% | -$541K |
|
4307
Brown-Forman Class A
BF.A
$12.9B
| $429K | ﹤0.01% |
12,818
+75
| +0.6% | +$2.52K |
|
4308
Worthington Enterprises
WOR
$2.78B
| $429K | ﹤0.01% |
8,558
+1,162
| +16% | +$49K |
|
4309
Scholar Rock
SRRK
$5.73B
| $427K | ﹤0.01% |
13,293
-366
| -3% | -$14.1K |
|
|
ABXB
4310
Abacus Flexible Bond Leaders ETF
ABXB
$1.92M
| $427K | ﹤0.01% |
22,464
-779
| -3% | -$14.9K |
|
|
MSB
4311
Mesabi Trust
MSB
$293M
| $426K | ﹤0.01% |
15,674
+2,932
| +23% | +$80.2K |
|
4312
Yelp
YELP
$1.47B
| $426K | ﹤0.01% |
11,509
-1,234
| -10% | -$46.4K |
|
|
ACH
4313
Accendra Health
ACH
$261M
| $426K | ﹤0.01% |
47,194
-1
| -0% | -$11 |
|
4314
Encore Capital Group
ECPG
$2.06B
| $425K | ﹤0.01% |
12,396
+1,728
| +16% | +$75.4K |
|
4315
ICL Group
ICL
$6.65B
| $425K | ﹤0.01% |
74,631
-1,930
| -3% | -$11.4K |
|
4316
BOK Financial
BOKF
$8.74B
| $424K | ﹤0.01% |
4,069
-1,477
| -27% | -$159K |
|
4317
Auburn National Bancorp
AUBN
$91.7M
| $424K | ﹤0.01% |
19,619
| – | – |
|
4318
iShares MSCI Netherlands ETF
EWN
$635M
| $423K | ﹤0.01% |
9,054
-5,041
| -36% | -$238K |
|
4319
Remitly
RELY
$5.05B
| $423K | ﹤0.01% |
20,340
+4,965
| +32% | +$114K |
|
4320
Stantec
STN
$8.17B
| $423K | ﹤0.01% |
5,105
+976
| +24% | +$78K |
|
4321
American Eagle Outfitters
AEO
$2.99B
| $423K | ﹤0.01% |
36,366
-19,579
| -35% | -$280K |
|
|
NTST
4322
NETSTREIT Corp
NTST
$2.08B
| $422K | ﹤0.01% |
26,617
+9,939
| +60% | +$145K |
|
4323
Motley Fool Mid-Cap Growth ETF
TMFM
$120M
| $420K | ﹤0.01% |
16,808
-880
| -5% | -$23K |
|
4324
NETGEAR
NTGR
$648M
| $420K | ﹤0.01% |
17,180
+2,440
| +17% | +$64.1K |
|
4325
CALL
Occidental Petroleum
OXY
$54.8B
| $420K | ﹤0.01% |
8,500
-5,000
| -37% | -$244K |
|
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.