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 | |
|---|---|---|---|---|---|---|
4826
GoodRx Holdings
GDRX
$1.04B
| $213K | ﹤0.01% |
48,325
+2,005
| +4% | +$9.41K |
|
4827
Invesco CurrencyShares Canadian Dollar Trust
FXC
$69.5M
| $213K | ﹤0.01% |
+3,132
| New | +$213K |
|
4828
Phreesia
PHR
$663M
| $213K | ﹤0.01% |
8,326
-250
| -3% | -$6.8K |
|
4829
Liquidia Corp
LQDA
$7.48B
| $213K | ﹤0.01% |
14,420
+2,100
| +17% | +$30.6K |
|
4830
Dave & Buster's
PLAY
$377M
| $213K | ﹤0.01% |
12,102
+1,454
| +14% | +$34.4K |
|
4831
Bloomin' Brands
BLMN
$741M
| $213K | ﹤0.01% |
29,640
+18,165
| +158% | +$193K |
|
4832
Hackett Group
HCKT
$270M
| $212K | ﹤0.01% |
+7,259
| New | +$218K |
|
4833
Mativ Holdings
MATV
$481M
| $212K | ﹤0.01% |
+33,988
| New | +$278K |
|
4834
NewtekOne
NEWT
$428M
| $212K | ﹤0.01% |
17,698
-6,501
| -27% | -$82.1K |
|
4835
Fidelity Emerging Markets Multifactor ETF
FDEM
$574M
| $212K | ﹤0.01% |
+8,279
| New | +$213K |
|
4836
VictoryShares US Small Mid Cap Value Momentum ETF
USVM
$1.79B
| $211K | ﹤0.01% |
2,682
-851
| -24% | -$70.9K |
|
|
CSR
4837
Centerspace
CSR
$921M
| $211K | ﹤0.01% |
3,258
-2,196
| -40% | -$138K |
|
4838
Olema Pharmaceuticals
OLMA
$1B
| $210K | ﹤0.01% |
+55,959
| New | +$281K |
|
4839
Wabash National
WNC
$512M
| $210K | ﹤0.01% |
18,994
-5,694
| -23% | -$76.5K |
|
4840
CALL
Dell
DELL
$262B
| $210K | ﹤0.01% |
2,300
| – | – |
|
4841
AMC Entertainment Holdings
AMC
$2.52B
| $210K | ﹤0.01% |
73,031
+9,907
| +16% | +$32.5K |
|
4842
PUT
AbbVie
ABBV
$443B
| $210K | ﹤0.01% |
1,000
-14,200
| -93% | -$2.76M |
|
4843
Ouster
OUST
$2.63B
| $209K | ﹤0.01% |
23,324
+4,580
| +24% | +$45.2K |
|
4844
Geron
GERN
$828M
| $209K | ﹤0.01% |
131,633
-214,203
| -62% | -$522K |
|
4845
Virtus Biotech Clinical Trials ETF
BBC
$46.5M
| $209K | ﹤0.01% |
11,914
-1,125
| -9% | -$24.1K |
|
4846
Great Southern Bancorp
GSBC
$874M
| $208K | ﹤0.01% |
3,764
-504
| -12% | -$29.5K |
|
4847
Thrivent Small-Mid Cap ESG ETF
TSME
$989M
| $208K | ﹤0.01% |
6,254
-2,248
| -26% | -$81.6K |
|
|
SFEB
4848
FT Vest US Small Cap Moderate Buffer ETF February
SFEB
$129M
| $208K | ﹤0.01% |
+10,207
| New | +$218K |
|
|
SWTX
4849
DELISTED
SpringWorks Therapeutics
SWTX
| $207K | ﹤0.01% |
+4,700
| New | +$216K |
|
4850
ProShares Ultra Technology
ROM
$1.16B
| $207K | ﹤0.01% |
3,871
-27
| -0.7% | -$1.77K |
|
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.