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 | |
|---|---|---|---|---|---|---|
326
Fidelity Enhanced Mid Cap Core ETF
FMDE
$8.38B
| $260M | 0.06% |
6,411,057
+638,320
| +11% | +$24.8M |
|
327
Invesco S&P 100 Equal Weight ETF
EQWL
$2.88B
| $258M | 0.06% |
2,001,311
-16,185
| -0.8% | -$2.01M |
|
328
iShares Russell 2000 Value ETF
IWN
$14.6B
| $258M | 0.06% |
1,166,269
+103,792
| +10% | +$21.7M |
|
329
Starbucks
SBUX
$119B
| $257M | 0.06% |
2,515,257
-81,198
| -3% | -$8.18M |
|
330
iShares Core Dividend ETF
DIVB
$2.04B
| $255M | 0.06% |
4,145,676
+651,591
| +19% | +$38.3M |
|
331
American Century US Quality Growth ETF
QGRO
$2B
| $255M | 0.06% |
2,161,862
-404,934
| -16% | -$46M |
|
332
Invesco Total Return Bond ETF
GTO
$2.5B
| $255M | 0.06% |
5,430,827
+605,670
| +13% | +$28.4M |
|
333
JPMorgan US Quality Factor ETF
JQUA
$8.79B
| $254M | 0.06% |
3,519,434
-513,525
| -13% | -$34.9M |
|
334
Schwab US Large- Cap ETF
SCHX
$74.5B
| $252M | 0.06% |
8,562,609
+1,024,193
| +14% | +$29.2M |
|
335
iShares Expanded Tech-Software Sector ETF
IGV
$14.2B
| $251M | 0.06% |
2,766,243
+396,283
| +17% | +$35.2M |
|
336
First Trust Dorsey Wright Focus 5 ETF
FV
$3.81B
| $250M | 0.06% |
3,298,431
+197,578
| +6% | +$13.6M |
|
337
Analog Devices
ADI
$176B
| $246M | 0.06% |
618,514
+37,951
| +7% | +$15M |
|
338
JPMorgan Hedged Equity Laddered Overlay ETF
HELO
$4.79B
| $244M | 0.05% |
3,615,195
+156,242
| +5% | +$10.5M |
|
339
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.67B
| $244M | 0.05% |
5,115,210
+451,571
| +10% | +$21.2M |
|
340
Seagate
STX
$192B
| $244M | 0.05% |
252,892
-13,014
| -5% | -$9.93M |
|
341
Vanguard Health Care ETF
VHT
$19.4B
| $242M | 0.05% |
810,666
+17,557
| +2% | +$4.88M |
|
342
Vanguard Short-Term Treasury ETF
VGSH
$34.7B
| $239M | 0.05% |
4,102,272
-378,104
| -8% | -$22M |
|
343
PNC Financial Services
PNC
$98B
| $238M | 0.05% |
968,289
+27,850
| +3% | +$6.24M |
|
344
Invesco S&P SmallCap Momentum ETF
XSMO
$3.01B
| $238M | 0.05% |
2,543,390
+282,448
| +12% | +$24.3M |
|
345
CP High Yield Trend ETF
HYTR
$295M
| $238M | 0.05% |
11,139,413
+1,301,333
| +13% | +$27.9M |
|
|
JMTG
346
JPMorgan Mortgage-Backed Securities ETF
JMTG
$6.85B
| $237M | 0.05% |
4,681,551
-95,339
| -2% | -$4.83M |
|
347
Waste Management
WM
$87.5B
| $237M | 0.05% |
1,063,787
-30,668
| -3% | -$6.82M |
|
348
iShares Russell 2000 Growth ETF
IWO
$14.7B
| $236M | 0.05% |
598,485
+21,618
| +4% | +$7.89M |
|
349
Wells Fargo
WFC
$272B
| $235M | 0.05% |
2,839,414
-25,861
| -0.9% | -$2.08M |
|
350
iShares Preferred and Income Securities ETF
PFF
$12.9B
| $234M | 0.05% |
7,663,895
-48,041
| -0.6% | -$1.5M |
|
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.