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 | |
|---|---|---|---|---|---|---|
4751
Maximus
MMS
$3.27B
| $234K | ﹤0.01% |
3,430
-1,196
| -26% | -$85.2K |
|
4752
Titan International
TWI
$466M
| $233K | ﹤0.01% |
27,822
+11,556
| +71% | +$95.5K |
|
4753
First Trust China AlphaDEX Fund
FCA
$32.6M
| $233K | ﹤0.01% |
11,145
-1,020
| -8% | -$21.1K |
|
|
JAMF
4754
DELISTED
Jamf
JAMF
| $233K | ﹤0.01% |
19,179
+2,458
| +15% | +$35.2K |
|
|
GES
4755
DELISTED
Guess Inc
GES
| $233K | ﹤0.01% |
+21,044
| New | +$254K |
|
4756
American Century Select High Yield ETF
AHYB
$62.1M
| $233K | ﹤0.01% |
+5,091
| New | +$234K |
|
4757
Ferrovial N.V. Ordinary Shares
FER
$47.6B
| $233K | ﹤0.01% |
+5,231
| New | +$226K |
|
4758
Intuitive Machines
LUNR
$2.1B
| $233K | ﹤0.01% |
31,223
+15,672
| +101% | +$246K |
|
4759
PUT
Marathon Digital Holdings
MARA
$4.48B
| $231K | ﹤0.01% |
+20,100
| New | +$320K |
|
4760
ProShares Trust Short MSCI Emerging Markets
EUM
$11.1M
| $231K | ﹤0.01% |
8,940
-1,629
| -15% | -$42.5K |
|
4761
Dimensional California Municipal Bond ETF
DFCA
$708M
| $231K | ﹤0.01% |
+4,650
| New | +$233K |
|
4762
QCR Holdings
QCRH
$1.71B
| $230K | ﹤0.01% |
3,229
-30
| -0.9% | -$2.29K |
|
4763
Global X MSCI Norway ETF
NORW
$87.7M
| $230K | ﹤0.01% |
+8,493
| New | +$216K |
|
4764
Braskem
BAK
$924M
| $230K | ﹤0.01% |
59,696
-1,250
| -2% | -$5.19K |
|
4765
State Street SPDR S&P Kensho Smart Mobility ETF
HAIL
$19.3M
| $229K | ﹤0.01% |
8,880
-898
| -9% | -$25.3K |
|
4766
Franklin FTSE Germany ETF
FLGR
$38.9M
| $229K | ﹤0.01% |
+7,829
| New | +$220K |
|
4767
DoubleLine Commercial Real Estate Debt ETF
DCRE
$457M
| $229K | ﹤0.01% |
+4,415
| New | +$228K |
|
4768
German American Bancorp
GABC
$1.92B
| $228K | ﹤0.01% |
6,090
+258
| +4% | +$10.2K |
|
4769
Enel Chile
ENIC
$6.24B
| $228K | ﹤0.01% |
69,830
+7,812
| +13% | +$25K |
|
|
VNET
4770
VNET Group
VNET
$2.04B
| $228K | ﹤0.01% |
+27,758
| New | +$255K |
|
4771
Sabesp
SBS
$19.1B
| $227K | ﹤0.01% |
+65,668
| New | +$209K |
|
4772
GDS Holdings
GDS
$6.55B
| $227K | ﹤0.01% |
8,973
-4,085
| -31% | -$124K |
|
4773
EverQuote
EVER
$852M
| $227K | ﹤0.01% |
+8,672
| New | +$199K |
|
4774
Global X Guru Index ETF
GURU
$62M
| $227K | ﹤0.01% |
+4,632
| New | +$237K |
|
|
WFH
4775
DELISTED
Direxion Work From Home ETF
WFH
| $227K | ﹤0.01% |
3,967
-300
| -7% | -$19.6K |
|
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.