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 | |
|---|---|---|---|---|---|---|
5026
Allot
ALLT
$386M
| $107K | ﹤0.01% |
18,710
+8,390
| +81% | +$58.7K |
|
5027
Entrada Therapeutics
TRDA
$282M
| $106K | ﹤0.01% |
11,711
-43,443
| -79% | -$541K |
|
5028
Xperi
XPER
$377M
| $106K | ﹤0.01% |
13,686
+2,467
| +22% | +$21.6K |
|
|
CLLS
5029
Cellectis
CLLS
$277M
| $105K | ﹤0.01% |
84,747
-525
| -0.6% | -$778 |
|
5030
Heartland Express
HTLD
$949M
| $105K | ﹤0.01% |
+11,391
| New | +$121K |
|
|
ONL
5031
Orion Office REIT
ONL
$155M
| $104K | ﹤0.01% |
48,653
+565
| +1% | +$1.97K |
|
5032
LifeMD
LFMD
$180M
| $104K | ﹤0.01% |
19,129
-13,700
| -42% | -$77.7K |
|
|
PONY
5033
Pony AI Inc
PONY
$3.5B
| $104K | ﹤0.01% |
+11,763
| New | +$168K |
|
5034
Humacyte Inc Warrant
HUMAW
$1.27M
| $103K | ﹤0.01% |
279,115
-19,365
| -6% | -$24.1K |
|
|
ASM
5035
Avino Silver & Gold Mines
ASM
$969M
| $103K | ﹤0.01% |
55,844
+12,100
| +28% | +$16.5K |
|
5036
Arcos Dorados Holdings
ARCO
$1.75B
| $103K | ﹤0.01% |
12,734
+82
| +0.6% | +$646 |
|
5037
Aehr Test Systems
AEHR
$2.99B
| $101K | ﹤0.01% |
13,915
-38,613
| -74% | -$427K |
|
5038
JELD-WEN Holding
JELD
$124M
| $101K | ﹤0.01% |
+16,929
| New | +$126K |
|
5039
Perimeter Solutions
PRM
$4.98B
| $101K | ﹤0.01% |
10,019
-55,434
| -85% | -$622K |
|
|
FFWM
5040
DELISTED
First Foundation Inc
FFWM
| $100K | ﹤0.01% |
19,290
| – | – |
|
|
VRN
5041
DELISTED
Veren
VRN
| $99.9K | ﹤0.01% |
15,088
+1,713
| +13% | +$9.48K |
|
5042
Akebia Therapeutics
AKBA
$351M
| $99.4K | ﹤0.01% |
51,768
+9,130
| +21% | +$18.6K |
|
5043
AerSale
ASLE
$307M
| $98.7K | ﹤0.01% |
+13,181
| New | +$94.3K |
|
|
ELP
5044
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
| $98.7K | ﹤0.01% |
+13,505
| New | +$90.9K |
|
|
INN
5045
Summit Hotel Properties
INN
$749M
| $98.5K | ﹤0.01% |
18,200
-328
| -2% | -$2.08K |
|
5046
Protara Therapeutics
TARA
$223M
| $98K | ﹤0.01% |
23,000
-13,000
| -36% | -$58.1K |
|
5047
NGL Energy Partners
NGL
$2B
| $97.7K | ﹤0.01% |
21,512
-228
| -1% | -$1.13K |
|
5048
nLIGHT
LASR
$3.95B
| $97.5K | ﹤0.01% |
12,546
-6,773
| -35% | -$68.2K |
|
5049
Rocket Pharmaceuticals
RCKT
$372M
| $97.2K | ﹤0.01% |
14,568
+4,275
| +42% | +$42.2K |
|
|
CXE
5050
DELISTED
MFS High Income Municipal Trust
CXE
| $95.9K | ﹤0.01% |
25,998
+45
| +0.2% | +$168 |
|
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.