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 | |
|---|---|---|---|---|---|---|
2826
Fortis
FTS
$30B
| $4.05M | ﹤0.01% |
72,639
+12,499
| +21% | +$687K |
|
2827
Molson Coors Class B
TAP
$7.68B
| $4.05M | ﹤0.01% |
94,093
+32,184
| +52% | +$1.53M |
|
2828
AllianzIM U.S. Equity Buffer20 Jun ETF
JUNW
$367M
| $4.05M | ﹤0.01% |
121,360
+1,037
| +0.9% | +$34.7K |
|
2829
Churchill Downs
CHDN
$6.03B
| $4.04M | ﹤0.01% |
45,012
-2,806
| -6% | -$267K |
|
2830
UMB Financial
UMBF
$10.7B
| $4.04M | ﹤0.01% |
35,834
-5,869
| -14% | -$706K |
|
2831
Black Hills Corp
BKH
$5.73B
| $4.02M | ﹤0.01% |
57,972
+9,638
| +20% | +$694K |
|
2832
WisdomTree Bloomberg US Dollar Bullish Fund
USDU
$472M
| $4.02M | ﹤0.01% |
152,665
+105,548
| +224% | +$2.73M |
|
2833
FT Vest US Equity Deep Buffer ETF February
DFEB
$458M
| $4.01M | ﹤0.01% |
84,739
+19,299
| +29% | +$927K |
|
2834
Deutsche Bank
DB
$66.3B
| $4.01M | ﹤0.01% |
134,580
+23,052
| +21% | +$812K |
|
2835
Griffon
GFF
$4.16B
| $4M | ﹤0.01% |
55,077
-8,292
| -13% | -$672K |
|
|
FTMU
2836
Franklin Municipal Income ETF
FTMU
$494M
| $4M | ﹤0.01% |
513,832
+154,541
| +43% | +$1.22M |
|
2837
Invesco Leisure and Entertainment ETF
PEJ
$252M
| $4M | ﹤0.01% |
69,026
-44,132
| -39% | -$2.65M |
|
2838
KB Financial Group
KB
$41.2B
| $4M | ﹤0.01% |
40,121
+30,517
| +318% | +$3.06M |
|
2839
Zacks Small/Mid Cap ETF
SMIZ
$271M
| $4M | ﹤0.01% |
107,849
+4,922
| +5% | +$190K |
|
|
RSSL
2840
Global X Russell 2000 ETF
RSSL
$1.46B
| $3.99M | ﹤0.01% |
41,094
+1,910
| +5% | +$193K |
|
|
FMUN
2841
Fidelity Systematic Municipal Bond Index ETF
FMUN
$179M
| $3.99M | ﹤0.01% |
80,380
-7,715
| -9% | -$390K |
|
2842
Hormel Foods
HRL
$13.9B
| $3.99M | ﹤0.01% |
176,095
-35,979
| -17% | -$860K |
|
2843
iShares MSCI Agriculture Producers ETF
VEGI
$159M
| $3.98M | ﹤0.01% |
88,013
+68,226
| +345% | +$2.99M |
|
2844
Invesco DB Precious Metals Fund
DBP
$237M
| $3.98M | ﹤0.01% |
36,162
+1,987
| +6% | +$232K |
|
2845
VanEck India Growth Leaders ETF
GLIN
$93.7M
| $3.98M | ﹤0.01% |
98,123
-11,785
| -11% | -$527K |
|
2846
Sonida Senior Living
SNDA
$1.97B
| $3.98M | ﹤0.01% |
+123,331
| New | +$4.13M |
|
2847
Equity Residential
EQR
$25.4B
| $3.98M | ﹤0.01% |
67,203
+314
| +0.5% | +$19.4K |
|
2848
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
TDTT
$2.52B
| $3.97M | ﹤0.01% |
163,969
+4,237
| +3% | +$102K |
|
2849
Nuveen Select Tax-Free Income Portfolio
NXP
$900M
| $3.97M | ﹤0.01% |
276,768
+141,751
| +105% | +$2.03M |
|
2850
Transmedics
TMDX
$2.5B
| $3.97M | ﹤0.01% |
39,896
+8,633
| +28% | +$1.13M |
|
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.