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 | |
|---|---|---|---|---|---|---|
4676
Summit Therapeutics
SMMT
$10.6B
| $260K | ﹤0.01% |
13,460
-2,626
| -16% | -$52.7K |
|
|
LAR
4677
Lithium Argentina AG
LAR
$1.06B
| $260K | ﹤0.01% |
121,272
-6,583
| -5% | -$16.6K |
|
4678
OneAscent Core Plus Bond ETF
OACP
$267M
| $259K | ﹤0.01% |
11,389
+948
| +9% | +$21.5K |
|
4679
Nordic American Tanker
NAT
$1.33B
| $259K | ﹤0.01% |
105,432
-39,694
| -27% | -$105K |
|
4680
CALL
Zscaler
ZS
$25.9B
| $258K | ﹤0.01% |
1,300
-5,700
| -81% | -$1.14M |
|
4681
PC Connection
CNXN
$2.17B
| $257K | ﹤0.01% |
4,120
+1,039
| +34% | +$69K |
|
|
WIA
4682
Western Asset Inflation-Linked Income Fund
WIA
$186M
| $257K | ﹤0.01% |
+30,761
| New | +$252K |
|
4683
PUT
Walt Disney
DIS
$169B
| $257K | ﹤0.01% |
+2,600
| New | +$279K |
|
4684
Innovator Emerging Markets Power Buffer ETF July
EJUL
$183M
| $256K | ﹤0.01% |
10,149
+936
| +10% | +$23.6K |
|
4685
Vishay Intertechnology
VSH
$5.75B
| $256K | ﹤0.01% |
+16,118
| New | +$276K |
|
4686
Tronox
TROX
$924M
| $256K | ﹤0.01% |
36,328
+24,342
| +203% | +$209K |
|
|
TGNA
4687
DELISTED
TEGNA Inc
TGNA
| $255K | ﹤0.01% |
+14,019
| New | +$254K |
|
|
MHN
4688
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
| $255K | ﹤0.01% |
25,155
+40
| +0.2% | +$417 |
|
4689
ProShares Bitcoin Strategy ETF
BITO
$1.42B
| $255K | ﹤0.01% |
13,913
+4,881
| +54% | +$106K |
|
4690
Banner Corp
BANR
$2.42B
| $255K | ﹤0.01% |
3,993
-920
| -19% | -$62K |
|
4691
Fox Class B
FOX
$21.9B
| $254K | ﹤0.01% |
+4,816
| New | +$239K |
|
4692
Biglari Holdings Class B
BH
$1.24B
| $254K | ﹤0.01% |
1,172
+76
| +7% | +$17.3K |
|
4693
Sutro Biopharma
STRO
$427M
| $254K | ﹤0.01% |
38,993
+2,770
| +8% | +$43.6K |
|
4694
Janus International
JBI
$745M
| $253K | ﹤0.01% |
35,119
-710
| -2% | -$5.64K |
|
4695
iShares US Consumer Focused ETF
IEDI
$28.3M
| $253K | ﹤0.01% |
+4,950
| New | +$267K |
|
|
JFIN
4696
Jiayin Group
JFIN
$117M
| $253K | ﹤0.01% |
18,384
-8,900
| -33% | -$83.9K |
|
|
AKRO
4697
DELISTED
Akero Therapeutics
AKRO
| $252K | ﹤0.01% |
+6,225
| New | +$264K |
|
4698
First Trust Alerian Disruptive Technology Real Estate ETF
DTRE
$14.7M
| $252K | ﹤0.01% |
+6,370
| New | +$248K |
|
4699
Deluxe
DLX
$1.21B
| $252K | ﹤0.01% |
+15,913
| New | +$302K |
|
4700
Allogene Therapeutics
ALLO
$645M
| $251K | ﹤0.01% |
171,713
+21,300
| +14% | +$40.2K |
|
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.