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 | |
|---|---|---|---|---|---|---|
|
GQGU
4301
GQG US Equity ETF
GQGU
$661M
| $1.16M | ﹤0.01% |
45,748
+38,176
| +504% | +$1M |
|
4302
CorVel
CRVL
$3.43B
| $1.16M | ﹤0.01% |
18,576
+350
| +2% | +$20.4K |
|
|
CSIO
4303
Cohen & Steers Infrastructure Opportunities Active ETF
CSIO
$46.4M
| $1.16M | ﹤0.01% |
+40,531
| New | +$1.16M |
|
|
BORR
4304
Borr Drilling
BORR
$1.32B
| $1.16M | ﹤0.01% |
280,072
+248,938
| +800% | +$1.34M |
|
4305
Spire
SR
$4.77B
| $1.16M | ﹤0.01% |
14,800
+186
| +1% | +$16K |
|
4306
Belpointe PREP
OZ
$194M
| $1.16M | ﹤0.01% |
25,517
+9,064
| +55% | +$447K |
|
|
MSLC
4307
Morgan Stanley Pathway Large Cap Equity ETF
MSLC
$4.05B
| $1.15M | ﹤0.01% |
19,659
+1,932
| +11% | +$110K |
|
4308
Invesco DB Energy Fund
DBE
$118M
| $1.15M | ﹤0.01% |
43,906
+20,010
| +84% | +$605K |
|
4309
BioNTech
BNTX
$24.4B
| $1.15M | ﹤0.01% |
12,368
-1,128
| -8% | -$106K |
|
4310
Hyliion Holdings
HYLN
$709M
| $1.15M | ﹤0.01% |
220,527
+93,874
| +74% | +$391K |
|
4311
OR Royalties Inc
OR
$6.75B
| $1.15M | ﹤0.01% |
36,258
+1,552
| +4% | +$57.3K |
|
|
JOYY
4312
JOYY Inc
JOYY
$3.76B
| $1.14M | ﹤0.01% |
17,339
+391
| +2% | +$24.3K |
|
|
IROC
4313
Invesco Rochester High Yield Municipal ETF
IROC
$154M
| $1.14M | ﹤0.01% |
22,308
+7,543
| +51% | +$383K |
|
4314
Bank of N.T. Butterfield & Son
NTB
$2.36B
| $1.14M | ﹤0.01% |
+19,210
| New | +$1.09M |
|
|
GGZ
4315
Gabelli Global Small and Mid-Cap Value Trust
GGZ
$122M
| $1.14M | ﹤0.01% |
69,937
+11,134
| +19% | +$176K |
|
4316
PUT
Tesla
TSLA
$1.44T
| $1.14M | ﹤0.01% |
2,700
-300
| -10% | -$119K |
|
4317
MGE Energy Inc
MGEE
$2.89B
| $1.13M | ﹤0.01% |
13,904
-6,521
| -32% | -$505K |
|
|
JFB
4318
DELISTED
JFB Construction Holdings
JFB
| $1.13M | ﹤0.01% |
235,343
-12,627
| -5% | -$70.6K |
|
4319
California Water Service
CWT
$2.99B
| $1.13M | ﹤0.01% |
23,265
+373
| +2% | +$16.8K |
|
4320
Icahn Enterprises
IEP
$4.96B
| $1.13M | ﹤0.01% |
156,521
+23,532
| +18% | +$181K |
|
4321
SEI QiM U.S. Large Cap Value Active ETF
SEIV
$1.57B
| $1.13M | ﹤0.01% |
23,494
-1,608
| -6% | -$73.6K |
|
|
GPZ
4322
VanEck Alternative Asset Manager ETF
GPZ
$239M
| $1.13M | ﹤0.01% |
52,588
+35,259
| +203% | +$804K |
|
|
HIVE
4323
HIVE Digital Technologies
HIVE
$850M
| $1.13M | ﹤0.01% |
309,717
+274,747
| +786% | +$888K |
|
4324
PUT
State Street Financial Select Sector SPDR ETF
XLF
$54.1B
| $1.13M | ﹤0.01% |
+21,000
| New | +$1.09M |
|
4325
Hillman Solutions
HLMN
$1.37B
| $1.12M | ﹤0.01% |
133,283
-1,594
| -1% | -$12.7K |
|
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.