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 |
iShares Core S&P 500 ETF
IVV
|
+$2.33B |
| 2 |
iShares Core Universal USD Bond ETF
IUSB
|
+$687M |
| 3 |
IALT
iShares Systematic Alternatives Active ETF
IALT
|
+$610M |
| 4 |
iShares US Treasury Bond ETF
GOVT
|
+$495M |
| 5 |
CORO
iShares International Country Rotation Active ETF
CORO
|
+$455M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$592M |
| 2 |
iShares MSCI EAFE Value ETF
EFV
|
+$569M |
| 3 |
iShares Core International Aggregate Bond Fund
IAGG
|
+$352M |
| 4 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$332M |
| 5 |
THRO
iShares U.S. Thematic Rotation Active ETF
THRO
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 74.82% |
| 2 | Technology | 8.89% |
| 3 | Financials | 3.03% |
| 4 | Industrials | 2.69% |
| 5 | Consumer Discretionary | 2.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Amplify CWP Enhanced Dividend Income ETF
DIVO
$7.88B
| $399M | 0.09% |
8,737,758
+550,222
| +7% | +$25.2M |
|
227
iShares Russell Mid-Cap Growth ETF
IWP
$19.4B
| $399M | 0.09% |
2,726,167
+81,816
| +3% | +$11.3M |
|
228
WisdomTree US LargeCap Dividend Fund
DLN
$6.31B
| $395M | 0.09% |
4,105,997
+219,333
| +6% | +$20.7M |
|
229
Oracle
ORCL
$442B
| $394M | 0.09% |
2,689,269
+71,730
| +3% | +$13M |
|
230
Lockheed Martin
LMT
$121B
| $390M | 0.09% |
765,707
+26,543
| +4% | +$14.3M |
|
231
KLA
KLAC
$234B
| $387M | 0.09% |
1,284,177
-3,483
| -0.3% | -$691K |
|
232
FT Vest Rising Dividend Achievers Target Income ETF
RDVI
$3.71B
| $376M | 0.08% |
12,801,978
+1,464,961
| +13% | +$40.5M |
|
233
John Hancock Multifactor Mid Cap ETF
JHMM
$5.99B
| $376M | 0.08% |
5,014,123
+121,047
| +2% | +$8.73M |
|
234
Vanguard Morningstar Small-Cap Value ETF
VBR
$36.7B
| $375M | 0.08% |
1,544,049
+62,839
| +4% | +$14.6M |
|
235
iShares S&P 100 ETF
OEF
$20.4B
| $370M | 0.08% |
1,010,763
-202,807
| -17% | -$72.6M |
|
236
Fidelity Enhanced International ETF
FENI
$11.3B
| $369M | 0.08% |
9,187,600
+2,214,728
| +32% | +$87.6M |
|
237
NextEra Energy
NEE
$172B
| $367M | 0.08% |
4,176,321
+93,105
| +2% | +$8.42M |
|
238
Avantis US Large Cap Value ETF
AVLV
$21.4B
| $365M | 0.08% |
4,005,109
+908,754
| +29% | +$79.8M |
|
239
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.87B
| $361M | 0.08% |
3,632,375
-51,228
| -1% | -$5.09M |
|
|
BDVL
240
iShares Disciplined Volatility Equity Active ETF
BDVL
$1.76B
| $358M | 0.08% |
13,770,668
+1,536,918
| +13% | +$39.7M |
|
241
First Trust Core Investment Grade ETF
FTCB
$2.62B
| $356M | 0.08% |
17,077,917
+2,015,812
| +13% | +$42.2M |
|
242
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.51B
| $353M | 0.08% |
3,827,606
+406,647
| +12% | +$37.4M |
|
243
Eaton
ETN
$165B
| $348M | 0.08% |
816,943
+81,990
| +11% | +$33.1M |
|
244
FT Vest Fund of Nasdaq-100 Buffer ETFs
BUFQ
$1.62B
| $348M | 0.08% |
8,862,303
+339,818
| +4% | +$13M |
|
245
Altria Group
MO
$115B
| $348M | 0.08% |
4,831,984
+225,152
| +5% | +$15.7M |
|
246
Invesco Aerospace & Defense ETF
PPA
$7.71B
| $346M | 0.08% |
1,960,617
-6,243
| -0.3% | -$1.07M |
|
|
GGOV
247
iShares Global Government Bond USD Hedged Active ETF
GGOV
$3.09B
| $345M | 0.08% |
+6,855,216
| New | +$342M |
|
248
JPMorgan Municipal ETF
JMUB
$8.62B
| $343M | 0.08% |
6,772,836
+567,567
| +9% | +$28.6M |
|
249
Invesco Ultra Short Duration ETF
GSY
$3.93B
| $343M | 0.08% |
6,837,082
+373,546
| +6% | +$18.7M |
|
250
Global X Artificial Intelligence & Technology ETF
AIQ
$10.1B
| $341M | 0.08% |
5,200,395
+232,831
| +5% | +$13.9M |
|
Similar funds
LPL Financial's Q2 2026 Portfolio in Review
As of Q2 2026, LPL Financial held 6,394 positions worth $445B, up 18% from $377B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
LPL Financial deployed $24B of net new capital in Q2 2026, opening 411 new positions and adding to 3,508 existing holdings. Its largest new stake was iShares Systematic Alternatives Active ETF: 21,732,229 shares worth $610M.
By sector, the portfolio is most concentrated in Miscellaneous at 75% of assets, up from 75% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares MSCI USA Quality Factor ETF, an estimated $592M trimmed.
- LPL Financial's largest Q2 2026 buy was iShares Systematic Alternatives Active ETF: 21,732,229 shares worth $610M.
- LPL Financial added most to iShares Core S&P 500 ETF in Q2 2026, an estimated $2.33B increase.
- LPL Financial's biggest Q2 2026 reduction was iShares MSCI USA Quality Factor ETF, cutting an estimated $592M.
- LPL Financial fully exited Coterra Energy in Q2 2026, selling an estimated $14.6M.
- LPL Financial's ten largest holdings make up 14% of its $445B portfolio in Q2 2026.
- LPL Financial opened 411 new positions and closed 194 in Q2 2026.
- LPL Financial's portfolio value rose 18% quarter-over-quarter to $445B.
Based on LPL Financial's 13F filing for Q2 2026, filed 7 Aug 2026.