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 | |
|---|---|---|---|---|---|---|
4876
SolarEdge
SEDG
$2.74B
| $200K | ﹤0.01% |
+12,338
| New | +$192K |
|
4877
Vaalco Energy
EGY
$564M
| $199K | ﹤0.01% |
52,851
+10,327
| +24% | +$43.1K |
|
|
CMRC
4878
Commerce.com Inc Series 1
CMRC
$262M
| $198K | ﹤0.01% |
34,437
-10,027
| -23% | -$63.7K |
|
4879
Xencor
XNCR
$1.44B
| $198K | ﹤0.01% |
18,599
-1,081
| -5% | -$17.9K |
|
4880
Oscar Health
OSCR
$9.27B
| $196K | ﹤0.01% |
+14,920
| New | +$221K |
|
4881
SunCoke Energy
SXC
$714M
| $193K | ﹤0.01% |
20,952
+7,947
| +61% | +$76.3K |
|
|
GTM
4882
ZoomInfo Technologies
GTM
$1.05B
| $193K | ﹤0.01% |
+19,267
| New | +$202K |
|
4883
PUT
Aviat Networks
AVNW
$265M
| $192K | ﹤0.01% |
+10,000
| New | +$202K |
|
|
CIO
4884
DELISTED
City Office REIT
CIO
| $191K | ﹤0.01% |
36,883
-2,000
| -5% | -$10.3K |
|
|
PBPB
4885
DELISTED
Potbelly
PBPB
| $191K | ﹤0.01% |
20,087
+477
| +2% | +$5.27K |
|
4886
Oxbridge Re Holdings
OXBR
$11.3M
| $190K | ﹤0.01% |
100,773
+100
| +0.1% | +$380 |
|
4887
Absci
ABSI
$1.34B
| $190K | ﹤0.01% |
75,765
-21,046
| -22% | -$77.2K |
|
4888
Driven Brands
DRVN
$2.4B
| $190K | ﹤0.01% |
11,064
+42
| +0.4% | +$687 |
|
|
BGX
4889
Blackstone Long-Short Credit Income Fund
BGX
$137M
| $189K | ﹤0.01% |
+15,320
| New | +$194K |
|
4890
Hope Bancorp
HOPE
$1.81B
| $187K | ﹤0.01% |
17,900
-6,598
| -27% | -$74.1K |
|
|
IAS
4891
DELISTED
Integral Ad Science
IAS
| $187K | ﹤0.01% |
23,250
-595
| -2% | -$5.93K |
|
4892
United Bancorp
UBCP
$93.2M
| $186K | ﹤0.01% |
+13,886
| New | +$182K |
|
|
CMU
4893
DELISTED
MFS High Yield Municipal Trust
CMU
| $186K | ﹤0.01% |
53,393
+271
| +0.5% | +$959 |
|
4894
AvePoint
AVPT
$2.83B
| $184K | ﹤0.01% |
12,741
-36
| -0.3% | -$605 |
|
|
VLRS
4895
Controladora Vuela Compania de Aviacion
VLRS
$929M
| $183K | ﹤0.01% |
35,124
-405
| -1% | -$2.91K |
|
|
TEN
4896
Tsakos Energy Navigation Ltd
TEN
$1.19B
| $183K | ﹤0.01% |
10,708
-60
| -0.6% | -$1.04K |
|
4897
Global X ClimateTech ETF
CTEC
$24.5M
| $182K | ﹤0.01% |
6,076
-523
| -8% | -$17.5K |
|
4898
Metallus
MTUS
$851M
| $182K | ﹤0.01% |
13,592
-3,056
| -18% | -$44.5K |
|
4899
Rekor Systems
REKR
$90M
| $181K | ﹤0.01% |
204,610
+477
| +0.2% | +$753 |
|
|
ERH
4900
Allspring Utilities & High Income Fund
ERH
$106M
| $181K | ﹤0.01% |
16,394
-994
| -6% | -$10.9K |
|
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.