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 | |
|---|---|---|---|---|---|---|
251
FT Vest Fund of Nasdaq-100 Buffer ETFs
BUFQ
$1.49B
| $301M | 0.08% |
8,522,485
+978,401
| +13% | +$35M |
|
252
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $296M | 0.08% |
6,313,068
+21,890
| +0.3% | +$1.03M |
|
253
Southern Company
SO
$110B
| $296M | 0.08% |
3,070,673
+55,543
| +2% | +$5.14M |
|
254
Applied Materials
AMAT
$426B
| $295M | 0.08% |
863,800
+22,404
| +3% | +$7.54M |
|
255
Dimensional World ex US Core Equity 2 ETF
DFAX
$11.8B
| $292M | 0.08% |
8,590,950
+523,941
| +6% | +$18.2M |
|
256
Boeing
BA
$165B
| $291M | 0.08% |
1,462,407
+102,718
| +8% | +$23.4M |
|
|
LMUB
257
iShares Long-Term National Muni Bond ETF
LMUB
$1.68B
| $290M | 0.08% |
+5,812,359
| New | +$294M |
|
258
FT Vest Rising Dividend Achievers Target Income ETF
RDVI
$3.48B
| $290M | 0.08% |
11,337,017
+1,301,363
| +13% | +$34.8M |
|
259
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.4B
| $286M | 0.08% |
9,509,202
+83,722
| +0.9% | +$2.53M |
|
260
ASML
ASML
$675B
| $283M | 0.08% |
214,630
+5,507
| +3% | +$7.55M |
|
261
Palo Alto Networks
PANW
$264B
| $281M | 0.07% |
1,750,681
-124,288
| -7% | -$20.9M |
|
262
SPDR Gold MiniShares Trust
GLDM
$27.5B
| $280M | 0.07% |
3,022,407
+29,517
| +1% | +$2.85M |
|
263
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $279M | 0.07% |
3,720,350
+295,055
| +9% | +$22.9M |
|
264
Goldman Sachs Access US Aggregate Bond ETF
GCOR
$791M
| $278M | 0.07% |
6,720,358
+107,863
| +2% | +$4.49M |
|
265
American Express
AXP
$223B
| $276M | 0.07% |
912,858
-9,050
| -1% | -$3.03M |
|
266
Capital Group Municipal Income ETF
CGMU
$6.35B
| $276M | 0.07% |
10,156,841
+3,400,219
| +50% | +$93.8M |
|
267
CrowdStrike
CRWD
$187B
| $273M | 0.07% |
2,801,996
+144,572
| +5% | +$15.3M |
|
268
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $272M | 0.07% |
898,982
-10,837
| -1% | -$3.41M |
|
269
iShares Select Dividend ETF
DVY
$24B
| $271M | 0.07% |
1,791,778
+2,312
| +0.1% | +$349K |
|
270
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.4B
| $271M | 0.07% |
5,556,373
-141,869
| -2% | -$7.21M |
|
271
American Century US Quality Growth ETF
QGRO
$1.98B
| $270M | 0.07% |
2,566,796
+178,458
| +7% | +$19.8M |
|
272
Avantis US Equity ETF
AVUS
$13.8B
| $266M | 0.07% |
2,388,713
+75,380
| +3% | +$8.63M |
|
273
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.07B
| $264M | 0.07% |
9,063,381
+615,752
| +7% | +$18M |
|
274
Eaton
ETN
$157B
| $263M | 0.07% |
734,953
+8,069
| +1% | +$2.87M |
|
275
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| $262M | 0.07% |
4,480,376
+979,775
| +28% | +$57.5M |
|
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.