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 | |
|---|---|---|---|---|---|---|
|
JUNM
4351
FT Vest U.S. Equity Max Buffer ETF - June
JUNM
$67.1M
| $407K | ﹤0.01% |
12,948
+1,449
| +13% | +$46.2K |
|
4352
ClearShares OCIO ETF
OCIO
$170M
| $407K | ﹤0.01% |
12,266
+6,113
| +99% | +$210K |
|
4353
AB Tax-Aware Intermediate Municipal ETF
TAFM
$701M
| $407K | ﹤0.01% |
+16,161
| New | +$409K |
|
4354
NB Bancorp
NBBK
$1.02B
| $407K | ﹤0.01% |
22,500
+2,500
| +13% | +$46.5K |
|
4355
10x Genomics
TXG
$6.08B
| $406K | ﹤0.01% |
46,513
+12,742
| +38% | +$161K |
|
4356
NexGen Energy
NXE
$6.46B
| $405K | ﹤0.01% |
90,283
+43,952
| +95% | +$260K |
|
4357
MasterBrand
MBC
$1.21B
| $404K | ﹤0.01% |
30,952
-2,206
| -7% | -$33.5K |
|
4358
PUT
Constellation Brands
STZ
$22.4B
| $404K | ﹤0.01% |
+2,200
| New | +$400K |
|
4359
RXO
RXO
$3.65B
| $404K | ﹤0.01% |
21,138
+348
| +2% | +$7.62K |
|
4360
Vident US Equity Strategy ETF
VUSE
$697M
| $403K | ﹤0.01% |
7,115
+1,765
| +33% | +$105K |
|
4361
LSI Industries
LYTS
$908M
| $403K | ﹤0.01% |
23,691
+3,029
| +15% | +$58.1K |
|
4362
Washington Trust Bancorp
WASH
$761M
| $402K | ﹤0.01% |
13,035
-5,258
| -29% | -$166K |
|
|
JHS
4363
John Hancock Income Securities Trust
JHS
$127M
| $401K | ﹤0.01% |
35,394
+255
| +0.7% | +$2.87K |
|
4364
Cohu
COHU
$2.5B
| $401K | ﹤0.01% |
27,240
+11,726
| +76% | +$244K |
|
4365
Xtrackers MSCI Emerging Markets Hedged Equity ETF
DBEM
$109M
| $400K | ﹤0.01% |
15,647
-484
| -3% | -$12.4K |
|
4366
Main International ETF
INTL
$244M
| $400K | ﹤0.01% |
17,191
+1,828
| +12% | +$42.3K |
|
4367
Ballast Small/Mid Cap ETF
MGMT
$179M
| $399K | ﹤0.01% |
+10,347
| New | +$423K |
|
|
LAZR
4368
DELISTED
Luminar Technologies
LAZR
| $398K | ﹤0.01% |
73,913
+60,478
| +450% | +$366K |
|
4369
PUT
ServiceNow
NOW
$122B
| $398K | ﹤0.01% |
2,500
+1,000
| +67% | +$193K |
|
4370
iShares MSCI Europe Small-Cap ETF
IEUS
$183M
| $398K | ﹤0.01% |
6,937
-534
| -7% | -$30.2K |
|
4371
Open Text
OTEX
$6.41B
| $396K | ﹤0.01% |
15,660
-2,849
| -15% | -$78.2K |
|
4372
Werner Enterprises
WERN
$2.3B
| $395K | ﹤0.01% |
13,477
-240
| -2% | -$8.06K |
|
|
NMAX
4373
Newsmax Inc
NMAX
$1.08B
| $395K | ﹤0.01% |
+4,724
| New | +$395K |
|
|
DFTX
4374
Definium Therapeutics
DFTX
$5.62B
| $394K | ﹤0.01% |
67,433
+5,099
| +8% | +$36.5K |
|
4375
ASE Group
ASX
$85.1B
| $394K | ﹤0.01% |
45,032
+54
| +0.1% | +$549 |
|
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.