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 | |
|---|---|---|---|---|---|---|
|
FBMS
4401
DELISTED
The First Bancshares, Inc.
FBMS
| $382K | ﹤0.01% |
11,286
-8,232
| -42% | -$294K |
|
4402
Ituran Location and Control
ITRN
$1.12B
| $381K | ﹤0.01% |
+10,524
| New | +$379K |
|
|
BRSL
4403
Brightstar Lottery PLC
BRSL
$2.08B
| $381K | ﹤0.01% |
23,403
+5,879
| +34% | +$101K |
|
4404
XP
XP
$8.77B
| $379K | ﹤0.01% |
27,587
-781
| -3% | -$10.8K |
|
4405
Iris Energy
IREN
$14.6B
| $378K | ﹤0.01% |
62,114
+23,561
| +61% | +$229K |
|
|
RFEU
4406
DELISTED
First Trust RiverFront Dynamic Europe ETF
RFEU
| $378K | ﹤0.01% |
5,903
-1,177
| -17% | -$73.8K |
|
|
AVNS
4407
DELISTED
Avanos Medical
AVNS
| $378K | ﹤0.01% |
26,390
+5,838
| +28% | +$91.2K |
|
4408
Dimensional Emerging Markets High Profitability ETF
DEHP
$433M
| $378K | ﹤0.01% |
14,977
+2,245
| +18% | +$57K |
|
4409
RH Tactical Rotation ETF
RHRX
$40.3M
| $377K | ﹤0.01% |
25,566
-48,216
| -65% | -$760K |
|
4410
ProShares K-1 Free Crude Oil Strategy ETF
OILK
$187M
| $377K | ﹤0.01% |
8,658
-6,223
| -42% | -$272K |
|
4411
Alta Equipment Group
ALTG
$243M
| $377K | ﹤0.01% |
80,442
-38,500
| -32% | -$240K |
|
4412
Carter's
CRI
$1.46B
| $377K | ﹤0.01% |
9,206
+4,067
| +79% | +$196K |
|
4413
Bioventus
BVS
$909M
| $376K | ﹤0.01% |
41,128
-85
| -0.2% | -$849 |
|
4414
Sunstone Hotel Investors
SHO
$2.16B
| $376K | ﹤0.01% |
39,918
+11,589
| +41% | +$126K |
|
|
PDX
4415
PIMCO Dynamic Income Strategy Fund
PDX
$966M
| $376K | ﹤0.01% |
15,302
+1,215
| +9% | +$31.1K |
|
4416
CALL
SPDR Gold Trust
GLD
$132B
| $375K | ﹤0.01% |
1,300
-2,100
| -62% | -$555K |
|
4417
B&G Foods
BGS
$289M
| $373K | ﹤0.01% |
54,335
-14,166
| -21% | -$94.6K |
|
4418
Ethan Allen Interiors
ETD
$608M
| $373K | ﹤0.01% |
13,473
-21,964
| -62% | -$625K |
|
4419
CorMedix
CRMD
$590M
| $373K | ﹤0.01% |
60,567
+7,000
| +13% | +$72.5K |
|
4420
Invesco Pennsylvania Value Municipal Income Trust
VPV
$195M
| $373K | ﹤0.01% |
36,613
-2,013
| -5% | -$20.9K |
|
4421
First Trust Nasdaq Food & Beverage ETF
FTXG
$24.1M
| $372K | ﹤0.01% |
15,736
-21,403
| -58% | -$488K |
|
4422
Frontdoor
FTDR
$5.39B
| $372K | ﹤0.01% |
9,680
+3,543
| +58% | +$180K |
|
4423
908 Devices
MASS
$347M
| $372K | ﹤0.01% |
83,009
+19,722
| +31% | +$58.4K |
|
4424
Invesco Trust for Investment Grade New York Municipals
VTN
$163M
| $371K | ﹤0.01% |
35,566
+16,516
| +87% | +$174K |
|
4425
Innovator US Equity Ultra Buffer ETF March
UMAR
$195M
| $371K | ﹤0.01% |
10,423
+2,089
| +25% | +$75.3K |
|
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.