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 | |
|---|---|---|---|---|---|---|
276
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.06B
| $262M | 0.07% |
2,800,348
-34,558
| -1% | -$3.37M |
|
277
Deere & Co
DE
$170B
| $260M | 0.07% |
462,151
+10,988
| +2% | +$6.2M |
|
|
DFUS
278
Dimensional US Equity ETF
DFUS
$20.7B
| $260M | 0.07% |
3,662,750
+60,898
| +2% | +$4.51M |
|
279
Fidelity Enhanced International ETF
FENI
$10.4B
| $259M | 0.07% |
6,972,872
+2,847,282
| +69% | +$110M |
|
280
Goldman Sachs ETF Trust Goldman Sachs S&P 500 Premium Income ETF
GPIX
$4.75B
| $254M | 0.07% |
5,085,055
+802,099
| +19% | +$41.8M |
|
281
Main BuyWrite ETF
BUYW
$1.27B
| $254M | 0.07% |
18,060,018
+3,334,430
| +23% | +$47.5M |
|
282
Goldman Sachs ActiveBeta International Equity ETF
GSIE
$5.86B
| $254M | 0.07% |
5,878,875
+97,898
| +2% | +$4.35M |
|
283
Citigroup
C
$222B
| $253M | 0.07% |
2,232,638
+62,116
| +3% | +$7.07M |
|
284
JPMorgan International Value ETF
JIVE
$3.3B
| $253M | 0.07% |
2,954,962
+1,230,351
| +71% | +$106M |
|
285
Honeywell
HON
$77B
| $252M | 0.07% |
1,117,049
+102,029
| +10% | +$23.3M |
|
286
State Street US Sector Rotation ETF
XLSR
$996M
| $252M | 0.07% |
4,357,422
-319,320
| -7% | -$19.5M |
|
287
Waste Management
WM
$95.9B
| $251M | 0.07% |
1,094,455
-12,322
| -1% | -$2.83M |
|
288
iShares MSCI Emerging Markets ex China ETF
EMXC
$23.4B
| $251M | 0.07% |
3,195,110
+809,443
| +34% | +$65.1M |
|
289
Avantis US Large Cap Value ETF
AVLV
$17.3B
| $250M | 0.07% |
3,096,355
+487,926
| +19% | +$39.6M |
|
290
Salesforce
CRM
$134B
| $248M | 0.07% |
1,329,703
+46,943
| +4% | +$9.73M |
|
291
PGIM AAA CLO ETF
PAAA
$10.6B
| $248M | 0.07% |
4,849,195
+814,073
| +20% | +$41.8M |
|
292
JPMorgan US Quality Factor ETF
JQUA
$8.09B
| $247M | 0.07% |
4,032,959
-648,460
| -14% | -$41.2M |
|
|
JMTG
293
JPMorgan Mortgage-Backed Securities ETF
JMTG
$6.7B
| $244M | 0.06% |
4,776,890
-238,024
| -5% | -$12.2M |
|
294
iShares MSCI Emerging Markets ETF
EEM
$28B
| $242M | 0.06% |
4,263,500
+861,651
| +25% | +$50.7M |
|
295
Corning
GLW
$126B
| $239M | 0.06% |
1,755,920
+74,032
| +4% | +$8.93M |
|
296
Vanguard International High Dividend Yield ETF
VYMI
$20.2B
| $236M | 0.06% |
2,506,373
+278,712
| +13% | +$26.6M |
|
297
TJX Companies
TJX
$170B
| $235M | 0.06% |
1,474,620
+69,132
| +5% | +$10.8M |
|
298
Lowe's Companies
LOW
$116B
| $234M | 0.06% |
989,937
-3,395
| -0.3% | -$885K |
|
299
iShares Preferred and Income Securities ETF
PFF
$13.2B
| $234M | 0.06% |
7,711,936
-151,331
| -2% | -$4.74M |
|
300
Vanguard S&P 500 Growth ETF
VOOG
$25.4B
| $234M | 0.06% |
3,441,090
-49,578
| -1% | -$3.58M |
|
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.