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 | |
|---|---|---|---|---|---|---|
4326
Tower Semiconductor
TSEM
$27.1B
| $420K | ﹤0.01% |
11,765
-19,054
| -62% | -$861K |
|
4327
PUT
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.8B
| $419K | ﹤0.01% |
+8,200
| New | +$425K |
|
4328
Nuveen Churchill Direct Lending
NCDL
$629M
| $419K | ﹤0.01% |
24,649
+4,073
| +20% | +$70K |
|
|
IROQ
4329
DELISTED
IF Bancorp
IROQ
| $418K | ﹤0.01% |
17,340
+7,017
| +68% | +$168K |
|
|
SEG
4330
Seaport Entertainment Group
SEG
$340M
| $416K | ﹤0.01% |
+19,389
| New | +$474K |
|
4331
Navient
NAVI
$880M
| $416K | ﹤0.01% |
32,955
+10,931
| +50% | +$149K |
|
4332
Atlanta Braves Holdings Series B
BATRK
$3.28B
| $416K | ﹤0.01% |
10,399
+2,819
| +37% | +$110K |
|
|
SYSB
4333
iShares Systematic Bond ETF
SYSB
$1.17B
| $415K | ﹤0.01% |
4,740
-80
| -2% | -$6.99K |
|
4334
Signet Jewelers
SIG
$3.78B
| $415K | ﹤0.01% |
7,156
+3,040
| +74% | +$174K |
|
|
RNAM
4335
DELISTED
Avidity Biosciences
RNAM
| $415K | ﹤0.01% |
14,046
-2,680
| -16% | -$83.5K |
|
4336
Amphastar Pharmaceuticals
AMPH
$877M
| $415K | ﹤0.01% |
14,300
-6,066
| -30% | -$194K |
|
|
MDV
4337
Modiv Industrial
MDV
$175M
| $414K | ﹤0.01% |
25,820
+7,050
| +38% | +$107K |
|
4338
St. Joe Company
JOE
$3.69B
| $414K | ﹤0.01% |
8,821
+730
| +9% | +$34.2K |
|
4339
Hanover Bancorp
HNVR
$194M
| $414K | ﹤0.01% |
18,874
| – | – |
|
|
SOR
4340
Source Capital
SOR
$384M
| $413K | ﹤0.01% |
9,957
+2,526
| +34% | +$107K |
|
4341
Energizer
ENR
$1.48B
| $413K | ﹤0.01% |
13,802
+1,998
| +17% | +$64K |
|
4342
Franklin Municipal Green Bond ETF
FLMB
$74.9M
| $413K | ﹤0.01% |
17,572
-965
| -5% | -$22.9K |
|
4343
Tarsus Pharmaceuticals
TARS
$2.67B
| $412K | ﹤0.01% |
8,025
+1,557
| +24% | +$77K |
|
4344
Peoples Bancorp
PEBO
$1.5B
| $412K | ﹤0.01% |
13,894
-5,030
| -27% | -$158K |
|
4345
Surgery Partners
SGRY
$2.05B
| $412K | ﹤0.01% |
17,340
+591
| +4% | +$14K |
|
4346
Invesco S&P SmallCap Utilities & Communication Services ETF
PSCU
$17.8M
| $412K | ﹤0.01% |
7,244
-11,294
| -61% | -$660K |
|
4347
BNY Mellon Ultra Short Income ETF
BKUI
$580M
| $411K | ﹤0.01% |
+8,241
| New | +$410K |
|
4348
Hain Celestial
HAIN
$48.7M
| $409K | ﹤0.01% |
98,510
+27,257
| +38% | +$122K |
|
4349
AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF
SIXO
$123M
| $409K | ﹤0.01% |
12,939
-1,568
| -11% | -$51K |
|
4350
MiMedx Group
MDXG
$622M
| $408K | ﹤0.01% |
53,712
-90,133
| -63% | -$753K |
|
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.