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 | |
|---|---|---|---|---|---|---|
|
BDN
4576
Brandywine Realty Trust
BDN
$549M
| $298K | ﹤0.01% |
66,860
+8,177
| +14% | +$40.5K |
|
|
RSSL
4577
Global X Russell 2000 ETF
RSSL
$1.54B
| $298K | ﹤0.01% |
3,790
+500
| +15% | +$42.6K |
|
4578
Jack in the Box
JACK
$329M
| $298K | ﹤0.01% |
10,951
+309
| +3% | +$11.4K |
|
4579
Utah Medical Products
UTMD
$231M
| $297K | ﹤0.01% |
5,298
+1,919
| +57% | +$115K |
|
4580
Fidelity Investment Grade Securitized ETF
FSEC
$4.64B
| $297K | ﹤0.01% |
+6,820
| New | +$293K |
|
|
PLL
4581
DELISTED
Piedmont Lithium
PLL
| $297K | ﹤0.01% |
47,107
-10,811
| -19% | -$86.4K |
|
|
ESGR
4582
DELISTED
Enstar Group
ESGR
| $296K | ﹤0.01% |
892
+188
| +27% | +$62K |
|
4583
Gilat Satellite Networks
GILT
$899M
| $296K | ﹤0.01% |
46,559
+25,066
| +117% | +$174K |
|
4584
RLJ Lodging Trust
RLJ
$1.89B
| $295K | ﹤0.01% |
37,328
+1,212
| +3% | +$11.4K |
|
4585
Belden
BDC
$4.99B
| $294K | ﹤0.01% |
2,933
-1,873
| -39% | -$208K |
|
|
IAUX
4586
i-80 Gold Corp
IAUX
$1.22B
| $294K | ﹤0.01% |
504,799
-26,641
| -5% | -$17.2K |
|
4587
PUT
Home Depot
HD
$348B
| $293K | ﹤0.01% |
800
-200
| -20% | -$77.9K |
|
4588
KraneShares MSCI Emerging Markets Ex China Index ETF
KEMX
$130M
| $293K | ﹤0.01% |
10,507
+486
| +5% | +$13.8K |
|
4589
Liberty Live Group Series C
LLYVK
$9.56B
| $293K | ﹤0.01% |
+4,296
| New | +$306K |
|
4590
Simulations Plus
SLP
$371M
| $292K | ﹤0.01% |
11,924
+3,679
| +45% | +$111K |
|
4591
Butterfly Network
BFLY
$2.36B
| $292K | ﹤0.01% |
128,210
-19,819
| -13% | -$70.9K |
|
4592
Nicolet Bankshares
NIC
$3.67B
| $292K | ﹤0.01% |
2,682
+406
| +18% | +$45.6K |
|
4593
Ennis
EBF
$563M
| $292K | ﹤0.01% |
14,519
+2,566
| +21% | +$53.3K |
|
4594
Harmonic Inc
HLIT
$1.34B
| $291K | ﹤0.01% |
30,322
+5,614
| +23% | +$61.9K |
|
|
EMF
4595
Templeton Emerging Markets Fund
EMF
$330M
| $291K | ﹤0.01% |
22,612
-639
| -3% | -$8.09K |
|
4596
CALL
Take-Two Interactive
TTWO
$44.8B
| $290K | ﹤0.01% |
+1,400
| New | +$280K |
|
4597
Sunrun
RUN
$2.63B
| $290K | ﹤0.01% |
49,442
-166
| -0.3% | -$1.37K |
|
4598
DigitalBridge
DBRG
$2.94B
| $289K | ﹤0.01% |
32,773
-1,874
| -5% | -$19.7K |
|
4599
PUT
Strategy Inc
MSTR
$35.8B
| $288K | ﹤0.01% |
+1,000
| New | +$318K |
|
4600
Red River Bancshares
RRBI
$672M
| $288K | ﹤0.01% |
5,581
+872
| +19% | +$47.2K |
|
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.