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 | |
|---|---|---|---|---|---|---|
4601
CALL
Capital One
COF
$136B
| $287K | ﹤0.01% |
1,600
+300
| +23% | +$56.7K |
|
4602
T. Rowe Price Equity Income ETF
TEQI
$470M
| $287K | ﹤0.01% |
+6,848
| New | +$287K |
|
|
SEZL
4603
Sezzle
SEZL
$5.97B
| $286K | ﹤0.01% |
+8,206
| New | +$348K |
|
4604
Fulton Financial
FULT
$4.76B
| $286K | ﹤0.01% |
15,802
+832
| +6% | +$16.2K |
|
4605
Liberty Live Group Series A
LLYVA
$9.2B
| $285K | ﹤0.01% |
+4,243
| New | +$296K |
|
4606
iShares MSCI BIC ETF
BKF
$78.6M
| $285K | ﹤0.01% |
7,123
+1,487
| +26% | +$57K |
|
4607
PUT
PepsiCo
PEP
$190B
| $285K | ﹤0.01% |
+1,900
| New | +$283K |
|
4608
A10 Networks
ATEN
$2.2B
| $285K | ﹤0.01% |
+17,429
| New | +$335K |
|
4609
Shutterstock
SSTK
$221M
| $285K | ﹤0.01% |
15,284
+3,722
| +32% | +$95.4K |
|
4610
Tidewater
TDW
$4.2B
| $285K | ﹤0.01% |
6,735
-209
| -3% | -$10.4K |
|
4611
PUT
Blackrock
BLK
$175B
| $284K | ﹤0.01% |
300
| – | – |
|
4612
Aldeyra Therapeutics
ALDX
$92.9M
| $283K | ﹤0.01% |
49,268
-10,220
| -17% | -$60.4K |
|
4613
Perella Weinberg Partners
PWP
$1.25B
| $282K | ﹤0.01% |
15,311
-39,606
| -72% | -$899K |
|
4614
CALL
Deere & Co
DE
$167B
| $282K | ﹤0.01% |
+600
| New | +$281K |
|
4615
Cohen & Steers Real Estate Opportunities and Income Fund
RLTY
$265M
| $281K | ﹤0.01% |
18,348
-1,115
| -6% | -$17.2K |
|
|
CHCT
4616
Community Healthcare Trust
CHCT
$507M
| $281K | ﹤0.01% |
+15,492
| New | +$296K |
|
|
OLP
4617
One Liberty Properties
OLP
$535M
| $281K | ﹤0.01% |
10,703
+659
| +7% | +$17.2K |
|
4618
Red Rock Resorts
RRR
$3.75B
| $281K | ﹤0.01% |
6,478
+353
| +6% | +$16.7K |
|
4619
PUT
iShares Core S&P 500 ETF
IVV
$900B
| $281K | ﹤0.01% |
500
+100
| +25% | +$59.1K |
|
|
MRX
4620
Marex Group Limited Ordinary Shares
MRX
$4.62B
| $281K | ﹤0.01% |
+7,954
| New | +$277K |
|
4621
Oxford Square Capital
OXSQ
$158M
| $281K | ﹤0.01% |
107,606
+510
| +0.5% | +$1.37K |
|
4622
FlexShares Disciplined Duration MBS Index Fund
MBSD
$88.9M
| $280K | ﹤0.01% |
13,585
-70
| -0.5% | -$1.43K |
|
4623
Banc of California
BANC
$3.09B
| $280K | ﹤0.01% |
19,759
+2,055
| +12% | +$31.1K |
|
4624
ProShares S&P 500 ex-Health Care ETF
SPXV
$40M
| $280K | ﹤0.01% |
4,659
+539
| +13% | +$34.2K |
|
4625
Oak Valley Bancorp
OVLY
$282M
| $280K | ﹤0.01% |
11,208
| – | – |
|
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.