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 | |
|---|---|---|---|---|---|---|
3576
Descartes Systems
DSGX
$6.42B
| $2.35M | ﹤0.01% |
33,974
-60,944
| -64% | -$4.35M |
|
|
EOT
3577
Eaton Vance National Municipal Opportunities Trust
EOT
$255M
| $2.35M | ﹤0.01% |
133,465
+13,157
| +11% | +$225K |
|
3578
Cirrus Logic
CRUS
$6.02B
| $2.35M | ﹤0.01% |
15,821
+1,341
| +9% | +$219K |
|
3579
TORM
TRMD
$3.55B
| $2.35M | ﹤0.01% |
90,058
+15,573
| +21% | +$472K |
|
3580
Nuveen Arizona Quality Municipal Income Fund
NAZ
$154M
| $2.34M | ﹤0.01% |
187,717
+37,540
| +25% | +$476K |
|
3581
NorthWestern Energy
NWE
$4.27B
| $2.34M | ﹤0.01% |
32,734
+3,408
| +12% | +$242K |
|
3582
PUT
NVIDIA
NVDA
$5.31T
| $2.34M | ﹤0.01% |
11,700
+900
| +8% | +$185K |
|
3583
Pacer Lunt MidCap Multi-Factor Alternator ETF
PAMC
$53M
| $2.34M | ﹤0.01% |
42,223
-1,298
| -3% | -$68.7K |
|
3584
First Financial Bancorp
FFBC
$3.4B
| $2.34M | ﹤0.01% |
69,069
+6,395
| +10% | +$195K |
|
|
UHT
3585
Universal Health Realty Income Trust
UHT
$568M
| $2.34M | ﹤0.01% |
53,239
+2,783
| +6% | +$114K |
|
3586
Commault Systems
CVLT
$5.48B
| $2.33M | ﹤0.01% |
16,447
+1,469
| +10% | +$158K |
|
3587
Black Stone Minerals
BSM
$3.18B
| $2.33M | ﹤0.01% |
166,849
-4,791
| -3% | -$66.6K |
|
3588
Arcosa
ACA
$7.14B
| $2.33M | ﹤0.01% |
16,009
+4,473
| +39% | +$556K |
|
3589
Madison Square Garden
MSGS
$9.44B
| $2.33M | ﹤0.01% |
5,786
+2,114
| +58% | +$749K |
|
3590
Avantis Moderate Allocation ETF
AVMA
$87.7M
| $2.32M | ﹤0.01% |
31,860
-3,944
| -11% | -$282K |
|
|
SA
3591
Seabridge Gold
SA
$3.37B
| $2.32M | ﹤0.01% |
90,170
-7,954
| -8% | -$239K |
|
3592
iShares MSCI Turkey ETF
TUR
$227M
| $2.32M | ﹤0.01% |
59,632
-5,658
| -9% | -$230K |
|
3593
Lantheus
LNTH
$6.56B
| $2.32M | ﹤0.01% |
20,896
-38,620
| -65% | -$3.6M |
|
3594
PUT
iShares MSCI EAFE ETF
EFA
$78.8B
| $2.32M | ﹤0.01% |
22,300
-3,600
| -14% | -$370K |
|
3595
Innovator US Small Cap Power Buffer ETF October
KOCT
$130M
| $2.31M | ﹤0.01% |
61,892
+5,622
| +10% | +$203K |
|
3596
CAE Inc
CAE
$7.69B
| $2.31M | ﹤0.01% |
92,223
+15,979
| +21% | +$414K |
|
|
DFSI
3597
Dimensional International Sustainability Core 1 ETF
DFSI
$1.18B
| $2.31M | ﹤0.01% |
51,216
+7,610
| +17% | +$342K |
|
3598
PJT Partners
PJT
$4.34B
| $2.31M | ﹤0.01% |
15,302
+1,087
| +8% | +$168K |
|
3599
Zillow
Z
$7.3B
| $2.31M | ﹤0.01% |
73,250
+42,695
| +140% | +$1.64M |
|
|
FINS
3600
Angel Oak Financial Strategies Income Term Trust
FINS
$414M
| $2.31M | ﹤0.01% |
180,224
+2,579
| +1% | +$32.9K |
|
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.