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 | |
|---|---|---|---|---|---|---|
301
Starbucks
SBUX
$118B
| $233M | 0.06% |
2,596,455
-62,311
| -2% | -$5.89M |
|
302
Invesco S&P 100 Equal Weight ETF
EQWL
$2.69B
| $232M | 0.06% |
2,017,496
+252,131
| +14% | +$30.2M |
|
303
Vanguard Mid-Cap Growth ETF
VOT
$19B
| $232M | 0.06% |
900,988
+24,587
| +3% | +$6.75M |
|
304
Global X Artificial Intelligence & Technology ETF
AIQ
$9.23B
| $232M | 0.06% |
4,967,564
+176,516
| +4% | +$8.86M |
|
305
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.5B
| $230M | 0.06% |
8,739,583
-3,370,726
| -28% | -$89.8M |
|
306
iShares Floating Rate Bond ETF
FLOT
$10.1B
| $229M | 0.06% |
4,492,481
+325,684
| +8% | +$16.6M |
|
307
Wells Fargo
WFC
$261B
| $228M | 0.06% |
2,865,275
+35,795
| +1% | +$3.07M |
|
308
Truist Financial
TFC
$63.2B
| $227M | 0.06% |
4,940,887
+76,015
| +2% | +$3.76M |
|
309
Invesco Total Return Bond ETF
GTO
$2.4B
| $226M | 0.06% |
4,825,157
+291,304
| +6% | +$13.8M |
|
310
Vanguard Large-Cap ETF
VV
$51.9B
| $223M | 0.06% |
745,929
-17,925
| -2% | -$5.61M |
|
|
CGNG
311
Capital Group New Geography Equity ETF
CGNG
$2.61B
| $222M | 0.06% |
7,033,617
+2,500,618
| +55% | +$83M |
|
312
Abbott
ABT
$180B
| $222M | 0.06% |
2,162,331
-6,570
| -0.3% | -$742K |
|
313
Invesco S&P 500 Low Volatility ETF
SPLV
$7.2B
| $222M | 0.06% |
3,030,571
-219,214
| -7% | -$16.2M |
|
314
First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF
FTHI
$2.36B
| $221M | 0.06% |
9,636,369
+618,016
| +7% | +$14.6M |
|
315
JPMorgan Hedged Equity Laddered Overlay ETF
HELO
$4.14B
| $221M | 0.06% |
3,458,953
+269,397
| +8% | +$17.8M |
|
316
Franklin International Core Dividend Tilt Index ETF
DIVI
$2.64B
| $218M | 0.06% |
5,487,195
+827,829
| +18% | +$33.8M |
|
317
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $217M | 0.06% |
2,732,850
-174,295
| -6% | -$14M |
|
318
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.4B
| $217M | 0.06% |
9,302,194
+499,581
| +6% | +$11.8M |
|
319
Vanguard Health Care ETF
VHT
$18.2B
| $216M | 0.06% |
793,109
-13,177
| -2% | -$3.77M |
|
320
Global X NASDAQ-100 Covered Call ETF
QYLD
$7.97B
| $214M | 0.06% |
12,484,270
+897,667
| +8% | +$15.8M |
|
321
ServiceNow
NOW
$102B
| $214M | 0.06% |
2,043,851
+237,679
| +13% | +$28M |
|
322
McKesson
MCK
$98.5B
| $213M | 0.06% |
246,075
+36,861
| +18% | +$32.9M |
|
323
NEOS S&P 500 High Income ETF
SPYI
$10.4B
| $212M | 0.06% |
4,301,671
+1,161,798
| +37% | +$60.2M |
|
324
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.66B
| $212M | 0.06% |
4,663,639
+139,000
| +3% | +$6.39M |
|
325
General Dynamics
GD
$105B
| $212M | 0.06% |
616,427
+19,019
| +3% | +$6.75M |
|
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.