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NASDAQ · Finance

LPL FINL HLDGS INC LPLA

LPL Financial is a U.S. wealth-management platform serving independent financial advisors and institutional programs. It provides custody, brokerage, advisory platforms, technology, compliance, practice support, and cash sweep programs. Assets, advisor recruiting, client cash balances, and interest-rate sensitivity are central to the model.

Sources Quartr company materials quartr.com
Investment Bankers/Brokers/Service

Company profile

Business mix

  • Independent advisor channel: technology, brokerage, advisory, compliance, and practice services for financial advisors.
  • Institutional channel: banks and credit unions use LPL infrastructure for wealth-management programs.
  • Client cash and platform economics: sweep balances, advisory assets, transaction activity, and service fees drive revenue mix.

Current key questions

  • Can advisor recruiting and same-store asset growth continue at scale?
  • How sensitive are earnings to cash sweep balances and interest-rate changes?
  • Do acquisitions, integration, technology spend, and capital returns improve per-share value?
Holders 3 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 25.73 FCF -4.7% Buyback -6.71%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Lone Pine Capital Stephen Mandel 4.9% $616.7M 2026-03-31
Markel Group Tom Gayner 1.4% $168.5M 2026-03-31
Baron Capital Ron Baron 0.1% $36.6M 2026-03-31

Recent trading changes over the last 4 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 2 Last 4 13F filing periods
Net reducers 4 Last 4 13F filing periods
Unchanged holders 1 Share count unchanged
Increase amount $92.3M Estimated from net added shares
Reduction amount $527.2M Estimated from net reduced shares
Net share change / base shares -28.9% -1,107,660 / 3,839,356
Third Point Dan Loeb 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Unchanged Shares 0.0% 13F value change $0
13F 2025-09-30 Filed 2025-11-14
Minor reduction Shares -4.9% 13F value change -$36.7M
13F 2025-12-31 Filed 2026-02-17
Minor reduction Shares -14.2% 13F value change -$15.5M
13F 2026-03-31 Filed 2026-05-15
Sold out Shares -100.0% 13F value change -$182.2M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 625,000 Last 4 periods -625,000 (-100.0%) Total shares 0 Value $0
Lone Pine Capital Stephen Mandel 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor increase Shares 6.1% 13F value change +$125.0M
13F 2025-09-30 Filed 2025-11-14
Major increase Shares 20.5% 13F value change +$48.4M
13F 2025-12-31 Filed 2026-02-17
Minor reduction Shares -8.0% 13F value change -$9.3M
13F 2026-03-31 Filed 2026-05-15
Minor reduction Shares -1.2% 13F value change -$124.4M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 1,764,015 Last 4 periods +285,952 (+16.2%) Total shares 2,049,967 Value $616.7M
Bridgewater Associates Ray Dalio 4 filing periods
13F 2025-06-30 Filed 2025-08-13
Minor reduction Shares -13.6% 13F value change -$670,828
13F 2025-09-30 Filed 2025-11-13
Minor increase Shares 8.4% 13F value change -$2.8M
13F 2025-12-31 Filed 2026-02-13
Major reduction Shares -43.3% 13F value change -$27.2M
13F 2026-03-31 Filed 2026-05-15
Sold out Shares -100.0% 13F value change -$42.3M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 222,873 Last 4 periods -222,873 (-100.0%) Total shares 0 Value $0
Baron Capital Ron Baron 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Major increase Shares 34.6% 13F value change +$29.4M
13F 2025-09-30 Filed 2025-11-14
Minor reduction Shares -6.6% 13F value change -$14.3M
13F 2025-12-31 Filed 2026-02-17
Major reduction Shares -15.7% 13F value change -$6.6M
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -30.5% 13F value change -$26.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 165,251 Last 4 periods -43,473 (-26.3%) Total shares 121,778 Value $36.6M
Eminence Capital Ricky Sandler 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor increase Shares 5.4% 13F value change +$35.7M
13F 2025-09-30 Filed 2025-11-14
Minor increase Shares 6.5% 13F value change -$11.3M
13F 2025-12-31 Filed 2026-02-17
Major reduction Shares -24.8% 13F value change -$37.7M
13F 2026-03-31 Filed 2026-05-15
Sold out Shares -100.0% 13F value change -$157.8M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 523,113 Last 4 periods -523,113 (-100.0%) Total shares 0 Value $0
Markel Group Tom Gayner 4 filing periods
13F 2025-06-30 Filed 2025-08-01
Minor increase Shares 1.0% 13F value change +$27.8M
13F 2025-09-30 Filed 2025-10-31
Minor increase Shares 1.6% 13F value change -$20.1M
13F 2025-12-31 Filed 2026-02-06
Minor increase Shares 1.2% 13F value change +$15.9M
13F 2026-03-31 Filed 2026-05-01
Unchanged Shares 0.0% 13F value change $0
Settlement As of 13F 2026-03-31 · Filed 2026-05-01
Base shares 539,104 Last 4 periods +20,847 (+3.9%) Total shares 559,951 Value $168.5M
Soros Fund Management George Soros 2 filing periods
13F 2025-03-31 Filed 2025-05-15
New Shares - 13F value change +$40.9M
13F 2025-06-30 Filed 2025-08-14
Sold out Shares -100.0% 13F value change -$40.9M
Settlement As of 13F 2025-06-30 · Filed 2025-08-14
Base shares 0 Last 4 periods +0 (New) Total shares 0 Value $0

Recent mentions

No public mentions.