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 | |
|---|---|---|---|---|---|---|
|
LOAN
4901
Manhattan Bridge Capital
LOAN
$47.9M
| $180K | ﹤0.01% |
30,405
+214
| +0.7% | +$1.2K |
|
4902
Tactile Systems Technology
TCMD
$672M
| $179K | ﹤0.01% |
13,521
-1,417
| -9% | -$22.3K |
|
4903
Bausch Health
BHC
$2.62B
| $178K | ﹤0.01% |
27,551
+878
| +3% | +$6.31K |
|
|
PNF
4904
DELISTED
PIMCO New York Municipal Income Fund
PNF
| $178K | ﹤0.01% |
23,792
+220
| +0.9% | +$1.67K |
|
4905
Star Group
SGU
$412M
| $178K | ﹤0.01% |
13,500
-4,432
| -25% | -$55.4K |
|
|
EARN
4906
Ellington Residential Mortgage REIT
EARN
$164M
| $174K | ﹤0.01% |
32,148
+1,606
| +5% | +$10.2K |
|
4907
Navigator Holdings
NVGS
$1.35B
| $174K | ﹤0.01% |
13,044
+406
| +3% | +$6.31K |
|
|
GGZ
4908
Gabelli Global Small and Mid-Cap Value Trust
GGZ
$125M
| $172K | ﹤0.01% |
+14,343
| New | +$175K |
|
4909
Alight
ALIT
$517M
| $170K | ﹤0.01% |
1,437
-509
| -26% | -$67K |
|
4910
Similarweb
SMWB
$638M
| $170K | ﹤0.01% |
+20,591
| New | +$254K |
|
4911
Sonos
SONO
$1.87B
| $170K | ﹤0.01% |
15,907
+4,934
| +45% | +$64.8K |
|
4912
LENSAR
LNSR
$66.1M
| $170K | ﹤0.01% |
+12,005
| New | +$138K |
|
4913
Vert Global Sustainable Real Estate ETF
VGSR
$548M
| $169K | ﹤0.01% |
16,706
-1,318
| -7% | -$13.5K |
|
|
MITT
4914
TPG Mortgage Investment Trust
MITT
$227M
| $168K | ﹤0.01% |
23,041
+12,532
| +119% | +$89K |
|
4915
Nuveen New York Quality Municipal Income Fund
NAN
$369M
| $168K | ﹤0.01% |
14,755
+81
| +0.6% | +$932 |
|
4916
Applied Optoelectronics
AAOI
$8.84B
| $168K | ﹤0.01% |
10,930
-426
| -4% | -$10.7K |
|
|
PIM
4917
Franklin Master Intermediate Income Trust
PIM
$150M
| $167K | ﹤0.01% |
50,427
-350
| -0.7% | -$1.15K |
|
|
IGI
4918
Western Asset Investment Grade Defined Opportunity Trust
IGI
$93.9M
| $166K | ﹤0.01% |
+10,019
| New | +$166K |
|
|
SCS
4919
DELISTED
Steelcase
SCS
| $166K | ﹤0.01% |
15,140
-1,044
| -6% | -$12K |
|
|
DMF
4920
DELISTED
BNY Mellon Municipal Income
DMF
| $165K | ﹤0.01% |
22,918
-47
| -0.2% | -$337 |
|
4921
PUT
Transocean
RIG
$5.7B
| $164K | ﹤0.01% |
51,700
+5,100
| +11% | +$17.9K |
|
4922
Anixa Biosciences
ANIX
$116M
| $163K | ﹤0.01% |
56,937
+14,000
| +33% | +$40K |
|
4923
Ardmore Shipping
ASC
$712M
| $161K | ﹤0.01% |
16,473
+4,669
| +40% | +$51K |
|
|
NYXH
4924
Nyxoah
NYXH
$146M
| $160K | ﹤0.01% |
22,991
+10,291
| +81% | +$105K |
|
|
MTLS
4925
Materialise
MTLS
$377M
| $160K | ﹤0.01% |
32,493
+100
| +0.3% | +$687 |
|
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.