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 | |
|---|---|---|---|---|---|---|
251
First Trust Smith Unconstrained Bond ETF
UCON
$3.29B
| $340M | 0.08% |
13,680,994
+1,205,947
| +10% | +$30M |
|
|
LMUB
252
iShares Long-Term National Muni Bond ETF
LMUB
$1.78B
| $340M | 0.08% |
6,637,082
+824,723
| +14% | +$41.8M |
|
253
PepsiCo
PEP
$188B
| $339M | 0.08% |
2,503,539
+5,674
| +0.2% | +$848K |
|
254
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.7B
| $338M | 0.08% |
6,015,760
-34,370
| -0.6% | -$1.86M |
|
255
Pacer Trendpilot US Large Cap ETF
PTLC
$3.36B
| $338M | 0.08% |
5,795,400
+32,944
| +0.6% | +$1.86M |
|
256
Goldman Sachs ETF Trust Goldman Sachs S&P 500 Premium Income ETF
GPIX
$5.65B
| $338M | 0.08% |
6,075,240
+990,185
| +19% | +$53.7M |
|
257
Qualcomm
QCOM
$180B
| $337M | 0.08% |
1,822,741
+182,359
| +11% | +$34.1M |
|
258
PGIM AAA CLO ETF
PAAA
$12.6B
| $336M | 0.08% |
6,551,711
+1,702,516
| +35% | +$87.5M |
|
259
FT Vest Fund of Deep Buffer ETFs
BUFD
$2.06B
| $335M | 0.08% |
11,280,816
+512,318
| +5% | +$15M |
|
260
Vanguard FTSE All-World ex-US ETF
VEU
$71.3B
| $335M | 0.08% |
4,002,385
+282,035
| +8% | +$23M |
|
261
Pfizer
PFE
$162B
| $335M | 0.08% |
13,919,821
+526,160
| +4% | +$13.8M |
|
262
Vanguard Morningstar Small-Cap Growth ETF
VBK
$23.7B
| $335M | 0.08% |
915,761
+16,779
| +2% | +$5.72M |
|
263
First Trust Preferred Securities and Income ETF
FPE
$6.28B
| $331M | 0.07% |
18,509,769
+672,035
| +4% | +$12.1M |
|
|
CGNG
264
Capital Group New Geography Equity ETF
CGNG
$3.08B
| $330M | 0.07% |
8,814,822
+1,781,205
| +25% | +$63.2M |
|
265
Main BuyWrite ETF
BUYW
$1.36B
| $330M | 0.07% |
22,846,738
+4,786,720
| +27% | +$68.9M |
|
266
WisdomTree US Value Fund
WTV
$3.35B
| $329M | 0.07% |
3,234,403
-301,932
| -9% | -$30.2M |
|
267
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.3B
| $328M | 0.07% |
2,800,487
-258,825
| -8% | -$30.2M |
|
268
Avantis US Equity ETF
AVUS
$14.6B
| $326M | 0.07% |
2,541,722
+153,009
| +6% | +$18.8M |
|
269
iShares Treasury Floating Rate Bond ETF
TFLO
$6.66B
| $325M | 0.07% |
6,421,895
-328,932
| -5% | -$16.6M |
|
270
Citigroup
C
$231B
| $325M | 0.07% |
2,322,820
+90,182
| +4% | +$11.7M |
|
271
Duke Energy
DUK
$93.7B
| $325M | 0.07% |
2,563,597
+82,487
| +3% | +$10.4M |
|
272
Invesco Large Cap Growth ETF
PWB
$2.48B
| $323M | 0.07% |
1,917,599
+296,276
| +18% | +$45M |
|
|
GARP
273
iShares MSCI USA Quality GARP ETF
GARP
$3.08B
| $321M | 0.07% |
3,891,813
+1,713,773
| +79% | +$130M |
|
274
Marvell Technology
MRVL
$201B
| $321M | 0.07% |
1,077,669
+15,349
| +1% | +$3.08M |
|
275
T. Rowe Price Small-Mid Cap ETF
TMSL
$3.01B
| $321M | 0.07% |
7,309,612
+3,347,227
| +84% | +$137M |
|
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.