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 Russell 1000 Value ETF
VONV
|
+$1.42B |
| 2 |
Vanguard Russell 1000 Growth ETF
VONG
|
+$1.01B |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$754M |
| 4 |
iShares MSCI EAFE Growth ETF
EFG
|
+$676M |
| 5 |
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$572M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Stock Market ETF
VTI
|
+$1.26B |
| 2 |
iShares S&P 100 ETF
OEF
|
+$1.11B |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$957M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$420M |
| 5 |
iShares Gold Trust
IAU
|
+$327M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.77% |
| 2 | Financials | 3.2% |
| 3 | Industrials | 2.58% |
| 4 | Consumer Discretionary | 2.42% |
| 5 | Communication Services | 2.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.4B
| $333M | 0.09% |
3,059,312
-318,364
| -9% | -$37.2M |
|
227
John Hancock Multifactor Mid Cap ETF
JHMM
$5.89B
| $328M | 0.09% |
4,893,076
+611,527
| +14% | +$42M |
|
228
Morgan Stanley
MS
$337B
| $328M | 0.09% |
1,992,841
+63,366
| +3% | +$11M |
|
229
Invesco Aerospace & Defense ETF
PPA
$8.27B
| $326M | 0.09% |
1,966,860
+237,797
| +14% | +$41.6M |
|
230
Duke Energy
DUK
$102B
| $325M | 0.09% |
2,481,110
+119,058
| +5% | +$14.9M |
|
231
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $324M | 0.09% |
2,735,908
+281,609
| +11% | +$33.6M |
|
232
Invesco Ultra Short Duration ETF
GSY
$3.82B
| $324M | 0.09% |
6,463,536
+1,271,191
| +24% | +$63.9M |
|
233
iShares 0-5 Year TIPS Bond ETF
STIP
$15.8B
| $323M | 0.09% |
3,123,669
+320,514
| +11% | +$33M |
|
234
Vanguard Small-Cap Value ETF
VBR
$37.1B
| $322M | 0.09% |
1,481,210
+42,495
| +3% | +$9.5M |
|
235
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.6B
| $321M | 0.09% |
6,050,130
-183,170
| -3% | -$10M |
|
236
Lam Research
LRCX
$382B
| $317M | 0.08% |
1,482,642
+81,496
| +6% | +$18.2M |
|
237
First Trust Preferred Securities and Income ETF
FPE
$6.3B
| $317M | 0.08% |
17,837,734
+1,016,910
| +6% | +$18.5M |
|
238
First Trust Core Investment Grade ETF
FTCB
$2.51B
| $316M | 0.08% |
15,062,105
+2,648,647
| +21% | +$56.2M |
|
239
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.28B
| $316M | 0.08% |
3,420,959
+525,007
| +18% | +$49M |
|
240
VanEck Gold Miners ETF
GDX
$23B
| $311M | 0.08% |
3,392,021
-108,295
| -3% | -$10.7M |
|
241
JPMorgan Municipal ETF
JMUB
$8.19B
| $310M | 0.08% |
6,205,269
+673,345
| +12% | +$34.1M |
|
242
First Trust Smith Unconstrained Bond ETF
UCON
$3.26B
| $309M | 0.08% |
12,475,047
+315,002
| +3% | +$7.91M |
|
243
Main Sector Rotation ETF
SECT
$2.75B
| $309M | 0.08% |
5,108,915
+673,456
| +15% | +$42.9M |
|
244
Invesco S&P International Developed Momentum ETF
IDMO
$3.99B
| $308M | 0.08% |
5,622,508
+1,072,945
| +24% | +$61.4M |
|
245
Altria Group
MO
$122B
| $304M | 0.08% |
4,606,832
+192,435
| +4% | +$12.4M |
|
246
VanEck Uranium + Nuclear Energy ETF
NLR
$3.89B
| $303M | 0.08% |
2,271,455
+399,516
| +21% | +$57.1M |
|
247
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $302M | 0.08% |
5,762,456
-21,695
| -0.4% | -$1.2M |
|
|
BDVL
248
iShares Disciplined Volatility Equity Active ETF
BDVL
$1.7B
| $302M | 0.08% |
12,233,750
+671,765
| +6% | +$16.9M |
|
249
FT Vest Fund of Deep Buffer ETFs
BUFD
$1.93B
| $302M | 0.08% |
10,768,498
+571,099
| +6% | +$16.2M |
|
250
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $301M | 0.08% |
3,801,473
+389,438
| +11% | +$31M |
|
Similar funds
LPL Financial's Q1 2026 Portfolio in Review
As of Q1 2026, LPL Financial held 6,207 positions worth $377B, up 2.8% from $366B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
LPL Financial deployed $17.6B of net new capital in Q1 2026, opening 341 new positions and adding to 3,302 existing holdings. Its largest new stake was BlackRock Large Cap Core ETF: 11,254,711 shares worth $462M.
By sector, the portfolio is most concentrated in Technology at 7.8% of assets, down from 8.6% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Vanguard Total Stock Market ETF, an estimated $1.26B trimmed.
- LPL Financial's largest Q1 2026 buy was BlackRock Large Cap Core ETF: 11,254,711 shares worth $462M.
- LPL Financial added most to Vanguard Russell 1000 Value ETF in Q1 2026, an estimated $1.42B increase.
- LPL Financial's biggest Q1 2026 reduction was Vanguard Total Stock Market ETF, cutting an estimated $1.26B.
- LPL Financial fully exited Nuveen S&P 500 Buy-Write Income Fund in Q1 2026, selling an estimated $25.3M.
- LPL Financial's ten largest holdings make up 14% of its $377B portfolio in Q1 2026.
- LPL Financial opened 341 new positions and closed 243 in Q1 2026.
- LPL Financial's portfolio value rose 2.8% quarter-over-quarter to $377B.
Based on LPL Financial's 13F filing for Q1 2026, filed 6 May 2026.