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 | |
|---|---|---|---|---|---|---|
|
FFA
3026
First Trust Enhanced Equity Income Fund
FFA
$459M
| $3.92M | ﹤0.01% |
175,161
+3,159
| +2% | +$70.1K |
|
3027
Tompkins Financial
TMP
$1.41B
| $3.91M | ﹤0.01% |
41,371
-2,880
| -7% | -$248K |
|
3028
Kontoor Brands
KTB
$3.65B
| $3.91M | ﹤0.01% |
46,912
+1,751
| +4% | +$128K |
|
3029
Innovator US Equity Buffer ETF March
BMAR
$205M
| $3.91M | ﹤0.01% |
67,837
+1,552
| +2% | +$87.4K |
|
|
MFA
3030
MFA Financial
MFA
$868M
| $3.9M | ﹤0.01% |
402,827
+18,172
| +5% | +$176K |
|
3031
Unity
U
$19B
| $3.9M | ﹤0.01% |
136,469
+58,397
| +75% | +$1.55M |
|
|
FTNY
3032
Franklin New York Municipal Income ETF
FTNY
$575M
| $3.9M | ﹤0.01% |
489,248
+58,944
| +14% | +$465K |
|
3033
Viasat
VSAT
$10.2B
| $3.9M | ﹤0.01% |
43,402
-141,632
| -77% | -$9.38M |
|
3034
LSB Industries
LXU
$842M
| $3.89M | ﹤0.01% |
360,253
+170,305
| +90% | +$2.28M |
|
3035
Sabra Healthcare REIT
SBRA
$5.3B
| $3.89M | ﹤0.01% |
199,465
+36,157
| +22% | +$717K |
|
3036
Vanguard Total World Bond ETF
BNDW
$1.87B
| $3.89M | ﹤0.01% |
56,746
-7,601
| -12% | -$519K |
|
3037
CALL
Meta Platforms (Facebook)
META
$1.66T
| $3.89M | ﹤0.01% |
6,900
-3,100
| -31% | -$1.9M |
|
3038
Tradeweb Markets
TW
$21.6B
| $3.88M | ﹤0.01% |
38,936
+8,145
| +26% | +$884K |
|
3039
NYLIM Hedge Multi-Strategy Tracker ETF
QAI
$1.01B
| $3.87M | ﹤0.01% |
105,825
+19,577
| +23% | +$702K |
|
3040
Guidewire Software
GWRE
$11.6B
| $3.87M | ﹤0.01% |
31,461
+9,102
| +41% | +$1.21M |
|
3041
Invesco S&P 500 Equal Weight Materials ETF
RSPM
$184M
| $3.87M | ﹤0.01% |
100,176
+4,297
| +4% | +$169K |
|
3042
iShares US & Intl High Yield Corp Bond ETF
GHYG
$197M
| $3.87M | ﹤0.01% |
85,427
+5,700
| +7% | +$259K |
|
|
SFBS
3043
ServisFirst Bancshares
SFBS
$4.59B
| $3.87M | ﹤0.01% |
89,138
+9,786
| +12% | +$386K |
|
3044
Alexandria Real Estate Equities
ARE
$8.55B
| $3.87M | ﹤0.01% |
73,142
-45,544
| -38% | -$2.18M |
|
|
TEI
3045
Templeton Emerging Markets Income Fund
TEI
$316M
| $3.86M | ﹤0.01% |
572,359
-1,195
| -0.2% | -$7.67K |
|
3046
iShares iBonds Dec 2032 Term Treasury ETF
IBTM
$553M
| $3.84M | ﹤0.01% |
169,364
-13,396
| -7% | -$305K |
|
|
FTMN
3047
Franklin Minnesota Municipal Income ETF
FTMN
$188M
| $3.84M | ﹤0.01% |
430,953
+16,084
| +4% | +$142K |
|
3048
H&R Block
HRB
$5.5B
| $3.84M | ﹤0.01% |
100,881
-3,833
| -4% | -$134K |
|
3049
USA Compression Partners
USAC
$4.02B
| $3.83M | ﹤0.01% |
145,258
+74,997
| +107% | +$2.07M |
|
3050
Nuveen California AMT-Free Quality Municipal Income Fund
NKX
$627M
| $3.83M | ﹤0.01% |
305,531
+19,197
| +7% | +$238K |
|
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.