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 | |
|---|---|---|---|---|---|---|
426
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.03B
| $151M | 0.04% |
2,987,354
+146,704
| +5% | +$7.58M |
|
427
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.44B
| $151M | 0.04% |
3,542,299
-80,502
| -2% | -$3.47M |
|
428
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.82B
| $150M | 0.04% |
1,568,124
-181,894
| -10% | -$17.8M |
|
429
Realty Income
O
$61.2B
| $150M | 0.04% |
2,452,994
-181,534
| -7% | -$11.4M |
|
430
iShares Global 100 ETF
IOO
$8.56B
| $150M | 0.04% |
1,235,986
+16,753
| +1% | +$2.11M |
|
431
iShares MSCI KLD 400 Social ETF
DSI
$5.19B
| $149M | 0.04% |
1,232,859
-25,906
| -2% | -$3.31M |
|
432
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.22B
| $149M | 0.04% |
1,031,245
+74,139
| +8% | +$11M |
|
433
Parker-Hannifin
PH
$125B
| $149M | 0.04% |
166,633
+4,081
| +3% | +$3.86M |
|
434
American Tower
AMT
$77.7B
| $147M | 0.04% |
849,192
+314,393
| +59% | +$56.6M |
|
435
Fidelity MSCI Information Technology Index ETF
FTEC
$19.9B
| $146M | 0.04% |
702,831
+8,129
| +1% | +$1.79M |
|
436
VanEck Merk Gold Trust
OUNZ
$2.51B
| $146M | 0.04% |
3,241,811
+51,122
| +2% | +$2.4M |
|
437
Franklin Dynamic Municipal Bond ETF
FLMI
$2.27B
| $146M | 0.04% |
5,871,256
+1,064,622
| +22% | +$26.7M |
|
438
T. Rowe Price Small-Mid Cap ETF
TMSL
$2.7B
| $145M | 0.04% |
3,962,385
-345,136
| -8% | -$13.1M |
|
439
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
| $144M | 0.04% |
1,433,081
-5,448
| -0.4% | -$560K |
|
440
Fidelity Enhanced Large Cap Growth ETF
FELG
$5.44B
| $144M | 0.04% |
3,832,606
+1,065,295
| +38% | +$42.5M |
|
441
American Electric Power
AEP
$73.7B
| $143M | 0.04% |
1,088,754
-183,764
| -14% | -$23M |
|
442
CME Group
CME
$92.2B
| $143M | 0.04% |
482,517
+89,135
| +23% | +$26.5M |
|
443
JPMorgan Small & Mid Cap Enhanced Equity ETF
JMEE
$2.85B
| $142M | 0.04% |
2,132,205
+181,933
| +9% | +$12.4M |
|
444
Invesco Large Cap Value ETF
PWV
$1.66B
| $142M | 0.04% |
2,039,976
+194,397
| +11% | +$13.4M |
|
445
ARK Innovation ETF
ARKK
$5.89B
| $142M | 0.04% |
2,103,180
-49,494
| -2% | -$3.67M |
|
446
iShares International Select Dividend ETF
IDV
$8.25B
| $142M | 0.04% |
3,333,956
+532,293
| +19% | +$22.4M |
|
447
Vanguard Energy ETF
VDE
$10.1B
| $142M | 0.04% |
818,310
+4,557
| +0.6% | +$689K |
|
448
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.07B
| $141M | 0.04% |
4,921,730
+532,031
| +12% | +$15.6M |
|
449
Gilead Sciences
GILD
$161B
| $141M | 0.04% |
1,011,564
-70,950
| -7% | -$9.94M |
|
450
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.59B
| $141M | 0.04% |
3,137,746
-429,011
| -12% | -$19.5M |
|
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.