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 | |
|---|---|---|---|---|---|---|
4701
MannKind Corp
MNKD
$1.17B
| $250K | ﹤0.01% |
49,761
+4,131
| +9% | +$23.1K |
|
4702
OneSpan
OSPN
$588M
| $250K | ﹤0.01% |
16,391
+905
| +6% | +$16.1K |
|
4703
SEI QiM U.S. Large Cap Quality Active ETF
SEIQ
$692M
| $250K | ﹤0.01% |
7,158
+132
| +2% | +$4.67K |
|
4704
PUT
TSMC
TSM
$2.11T
| $249K | ﹤0.01% |
1,500
+400
| +36% | +$77.7K |
|
4705
Warby Parker
WRBY
$3.47B
| $249K | ﹤0.01% |
13,643
-6,037
| -31% | -$144K |
|
|
ABLG
4706
Abacus FCF International Leaders ETF
ABLG
$16.2M
| $247K | ﹤0.01% |
8,723
-603
| -6% | -$17.9K |
|
4707
Mitek Systems
MITK
$767M
| $247K | ﹤0.01% |
29,972
-10,080
| -25% | -$98K |
|
|
AHRT
4708
AH Realty Trust
AHRT
$527M
| $247K | ﹤0.01% |
32,896
+8,396
| +34% | +$76.3K |
|
4709
Civista Bancshares
CIVB
$607M
| $247K | ﹤0.01% |
12,641
+23
| +0.2% | +$470 |
|
4710
United Parks & Resorts
PRKS
$2.15B
| $247K | ﹤0.01% |
5,433
+117
| +2% | +$6.04K |
|
4711
PUT
Devon Energy
DVN
$51.4B
| $247K | ﹤0.01% |
+6,600
| New | +$234K |
|
4712
Sasol
SSL
$7.21B
| $247K | ﹤0.01% |
58,315
+38,306
| +191% | +$174K |
|
4713
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
$206M
| $247K | ﹤0.01% |
+4,985
| New | +$245K |
|
4714
PUT
Advanced Micro Devices
AMD
$790B
| $247K | ﹤0.01% |
+2,400
| New | +$267K |
|
4715
Ezcorp Inc
EZPW
$1.86B
| $246K | ﹤0.01% |
16,718
+2,288
| +16% | +$30.2K |
|
4716
Wolfspeed
WOLF
$1.27B
| $246K | ﹤0.01% |
80,353
-1,675
| -2% | -$9.79K |
|
4717
Astec Industries
ASTE
$1.21B
| $246K | ﹤0.01% |
+7,129
| New | +$245K |
|
|
IAF
4718
abrdn Australia Equity Fund
IAF
$123M
| $245K | ﹤0.01% |
20,254
-1,585
| -7% | -$20.2K |
|
4719
iShares ESG Aware MSCI USA Value ETF
EVUS
$369M
| $245K | ﹤0.01% |
+8,354
| New | +$247K |
|
4720
FT Vest International Equity Buffer ETF June
YJUN
$140M
| $245K | ﹤0.01% |
+10,784
| New | +$243K |
|
4721
Healthcare Services Group
HCSG
$1.61B
| $244K | ﹤0.01% |
24,217
+3,169
| +15% | +$34.7K |
|
4722
Genesis Energy
GEL
$1.89B
| $243K | ﹤0.01% |
15,484
| – | – |
|
4723
Novavax
NVAX
$1.22B
| $243K | ﹤0.01% |
37,871
-2,781
| -7% | -$23K |
|
4724
CALL
Vertex Pharmaceuticals
VRTX
$119B
| $242K | ﹤0.01% |
+500
| New | +$233K |
|
|
FYBR
4725
DELISTED
Frontier Communications
FYBR
| $242K | ﹤0.01% |
6,758
-269
| -4% | -$9.61K |
|
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.