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 | |
|---|---|---|---|---|---|---|
|
TDF
4951
Templeton Dragon Fund
TDF
$271M
| $145K | ﹤0.01% |
+14,976
| New | +$137K |
|
4952
Arcus Biosciences
RCUS
$3.47B
| $145K | ﹤0.01% |
18,434
+4,900
| +36% | +$56.8K |
|
|
BBNX
4953
Beta Bionics
BBNX
$601M
| $145K | ﹤0.01% |
+11,817
| New | +$220K |
|
|
CXH
4954
DELISTED
MFS Investment Grade Municipal Trust
CXH
| $145K | ﹤0.01% |
18,260
+123
| +0.7% | +$987 |
|
4955
NeoGenomics
NEO
$2.04B
| $144K | ﹤0.01% |
15,208
-4,523
| -23% | -$56.5K |
|
|
VIGL
4956
DELISTED
Vigil Neuroscience
VIGL
| $144K | ﹤0.01% |
+80,959
| New | +$182K |
|
4957
Gerdau
GGB
$9.93B
| $144K | ﹤0.01% |
50,559
-88,904
| -64% | -$260K |
|
4958
Costamare
CMRE
$1.87B
| $144K | ﹤0.01% |
14,591
-3,774
| -21% | -$41.6K |
|
4959
WhiteHorse Finance
WHF
$140M
| $143K | ﹤0.01% |
14,835
-347
| -2% | -$3.56K |
|
4960
Melco Resorts & Entertainment
MLCO
$2.17B
| $142K | ﹤0.01% |
27,000
-7,575
| -22% | -$42.7K |
|
|
SRTA
4961
Strata Critical Medical Inc
SRTA
$480M
| $142K | ﹤0.01% |
51,939
+25,222
| +94% | +$90.5K |
|
4962
OFS Capital
OFS
$46.4M
| $142K | ﹤0.01% |
15,259
-10,060
| -40% | -$85.4K |
|
|
CRON
4963
Cronos Group
CRON
$1.06B
| $141K | ﹤0.01% |
78,117
-3,710
| -5% | -$7.17K |
|
|
PHD
4964
DELISTED
Pioneer Floating Rate Fund
PHD
| $140K | ﹤0.01% |
14,834
+1,789
| +14% | +$17.2K |
|
4965
Tilray
TLRY
$632M
| $140K | ﹤0.01% |
21,351
+472
| +2% | +$4.37K |
|
4966
The RealReal
REAL
$1.51B
| $140K | ﹤0.01% |
26,026
-6,040
| -19% | -$45.8K |
|
|
BORR
4967
Borr Drilling
BORR
$1.21B
| $140K | ﹤0.01% |
63,941
+30,800
| +93% | +$92.7K |
|
|
PVBC
4968
DELISTED
Provident Bancorp
PVBC
| $140K | ﹤0.01% |
12,167
-3,000
| -20% | -$35.1K |
|
4969
UroGen Pharma
URGN
$1.88B
| $139K | ﹤0.01% |
+12,567
| New | +$134K |
|
4970
Invesco Mortgage Capital
IVR
$757M
| $138K | ﹤0.01% |
17,455
-25,770
| -60% | -$217K |
|
|
MCSE
4971
DELISTED
Franklin Sustainable International Equity ETF
MCSE
| $137K | ﹤0.01% |
+10,402
| New | +$145K |
|
4972
PagSeguro Digital
PAGS
$2.68B
| $137K | ﹤0.01% |
17,970
-15,564
| -46% | -$116K |
|
4973
VerifyMe
VRME
$9.58M
| $135K | ﹤0.01% |
199,034
+103,851
| +109% | +$145K |
|
4974
Fluence Energy
FLNC
$1.93B
| $135K | ﹤0.01% |
27,780
-7,520
| -21% | -$72K |
|
|
PNI
4975
PIMCO New York Municipal Income Fund II
PNI
$76.2M
| $135K | ﹤0.01% |
19,025
| – | – |
|
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.