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 | |
|---|---|---|---|---|---|---|
|
SASR
4651
DELISTED
Sandy Spring Bancorp Inc
SASR
| $273K | ﹤0.01% |
9,753
-7,234
| -43% | -$230K |
|
|
UROY
4652
Uranium Royalty Corp
UROY
$1.3B
| $273K | ﹤0.01% |
154,845
+28,370
| +22% | +$60.8K |
|
4653
VanEck Social Sentiment ETF
BUZZ
$99.9M
| $272K | ﹤0.01% |
12,194
-1,016
| -8% | -$25.3K |
|
4654
Evolus
EOLS
$395M
| $272K | ﹤0.01% |
22,594
+1,523
| +7% | +$19.9K |
|
4655
EA Series Trust Strive Small-Cap ETF
STXK
$90.1M
| $271K | ﹤0.01% |
9,450
+1,562
| +20% | +$48.2K |
|
4656
Oxbridge Re Holdings Ltd Warrant
OXBRW
| $271K | ﹤0.01% |
713,852
+1,000
| +0.1% | +$634 |
|
4657
Target Hospitality
TH
$1.61B
| $270K | ﹤0.01% |
41,007
+938
| +2% | +$7.53K |
|
4658
Lightbridge
LTBR
$295M
| $267K | ﹤0.01% |
35,857
+22,549
| +169% | +$200K |
|
4659
CNB Financial Corp
CCNE
$1.07B
| $267K | ﹤0.01% |
12,004
-3,869
| -24% | -$94.1K |
|
4660
Hanmi Financial
HAFC
$968M
| $267K | ﹤0.01% |
11,777
-9,570
| -45% | -$221K |
|
4661
iRhythm Holdings
IRTC
$4.18B
| $267K | ﹤0.01% |
2,547
-144
| -5% | -$15.3K |
|
4662
ZTO Express
ZTO
$18.3B
| $265K | ﹤0.01% |
13,346
+1,481
| +12% | +$28.9K |
|
4663
Asure Software
ASUR
$252M
| $264K | ﹤0.01% |
27,621
-240
| -0.9% | -$2.63K |
|
4664
Carter Bankshares
CARE
$795M
| $263K | ﹤0.01% |
16,257
-2,445
| -13% | -$41.9K |
|
4665
ProShares VIX Mid-Term Futures ETF
VIXM
$40.8M
| $263K | ﹤0.01% |
16,578
+49
| +0.3% | +$735 |
|
4666
Payoneer
PAYO
$2.41B
| $263K | ﹤0.01% |
35,941
+2,421
| +7% | +$22.6K |
|
4667
Alpha and Omega Semiconductor
AOSL
$1.01B
| $263K | ﹤0.01% |
10,566
+1,055
| +11% | +$35.3K |
|
|
SERV
4668
Serve Robotics
SERV
$488M
| $262K | ﹤0.01% |
45,555
+23,790
| +109% | +$312K |
|
|
EAGL
4669
Eagle Capital Select Equity ETF
EAGL
$4.6B
| $262K | ﹤0.01% |
+9,350
| New | +$269K |
|
4670
CryoPort
CYRX
$771M
| $262K | ﹤0.01% |
43,060
-393,706
| -90% | -$2.72M |
|
4671
Quadratic Deflation ETF
BNDD
$20.7M
| $262K | ﹤0.01% |
2,445
-268
| -10% | -$28.9K |
|
|
HTBK
4672
DELISTED
Heritage Commerce
HTBK
| $262K | ﹤0.01% |
27,474
-3,611
| -12% | -$35.4K |
|
4673
Tootsie Roll Industries
TR
$2.99B
| $262K | ﹤0.01% |
8,557
+219
| +3% | +$6.53K |
|
|
BTA
4674
DELISTED
BlackRock Long-Term Municipal Advantage Trust
BTA
| $261K | ﹤0.01% |
26,941
+2,656
| +11% | +$26.2K |
|
4675
Algoma Steel
ASTL
$444M
| $260K | ﹤0.01% |
48,021
+16,800
| +54% | +$126K |
|
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.