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 | |
|---|---|---|---|---|---|---|
451
Invesco BulletShares 2027 Corporate Bond ETF
BSCR
$4.58B
| $141M | 0.04% |
7,170,992
+432,062
| +6% | +$8.52M |
|
452
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.24B
| $140M | 0.04% |
1,465,378
+99,965
| +7% | +$9.69M |
|
453
Franklin Income Focus ETF
INCM
$1.66B
| $140M | 0.04% |
4,878,364
+1,057,203
| +28% | +$30.6M |
|
454
3M
MMM
$89B
| $140M | 0.04% |
965,523
-101,103
| -9% | -$16.1M |
|
455
WisdomTree Dynamic International Equity Fund
DDWM
$1.46B
| $140M | 0.04% |
3,167,850
+766,448
| +32% | +$34.7M |
|
456
British American Tobacco
BTI
$132B
| $140M | 0.04% |
2,389,825
+297,055
| +14% | +$17.6M |
|
457
iShares Short Maturity Bond ETF
NEAR
$4.8B
| $140M | 0.04% |
2,745,146
+89,368
| +3% | +$4.56M |
|
|
GARP
458
iShares MSCI USA Quality GARP ETF
GARP
$2.51B
| $139M | 0.04% |
2,178,040
+862,074
| +66% | +$58.5M |
|
459
Intel
INTC
$464B
| $139M | 0.04% |
3,157,066
+487,147
| +18% | +$22.3M |
|
460
TotalEnergies
TTE
$193B
| $139M | 0.04% |
1,530,919
+61,228
| +4% | +$4.68M |
|
461
State Street Blackstone Senior Loan ETF
SRLN
$5.31B
| $139M | 0.04% |
3,469,713
-367,344
| -10% | -$14.9M |
|
|
CGCV
462
Capital Group Conservative Equity ETF
CGCV
$1.91B
| $139M | 0.04% |
4,664,353
+721,366
| +18% | +$22.4M |
|
463
State Street Materials Select Sector SPDR ETF
XLB
$8.51B
| $139M | 0.04% |
2,780,162
+686,798
| +33% | +$34.5M |
|
464
WEC Energy
WEC
$37.7B
| $139M | 0.04% |
1,198,459
+224,771
| +23% | +$25.3M |
|
465
Freeport-McMoran
FCX
$90B
| $138M | 0.04% |
2,355,067
+353,254
| +18% | +$21.3M |
|
466
Energy Transfer Partners
ET
$70.1B
| $138M | 0.04% |
7,141,895
-554,424
| -7% | -$10.2M |
|
467
L3Harris
LHX
$55.9B
| $137M | 0.04% |
397,757
+85,255
| +27% | +$29.8M |
|
468
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $137M | 0.04% |
210,100
+44,200
| +27% | +$30.1M |
|
469
Valero Energy
VLO
$89.8B
| $136M | 0.04% |
550,907
+45,429
| +9% | +$9.37M |
|
470
Kinder Morgan
KMI
$73.1B
| $135M | 0.04% |
4,033,465
-149,210
| -4% | -$4.66M |
|
471
Paychex
PAYX
$40.4B
| $134M | 0.04% |
1,451,615
+428,534
| +42% | +$42.4M |
|
472
Global X S&P 500 Covered Call ETF
XYLD
$3.2B
| $134M | 0.04% |
3,417,286
+166,427
| +5% | +$6.73M |
|
473
iShares MSCI USA Value Factor ETF
VLUE
$9.4B
| $134M | 0.04% |
939,359
+401,188
| +75% | +$58.8M |
|
474
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF
QDPL
$1.68B
| $133M | 0.04% |
3,319,335
-5,496
| -0.2% | -$232K |
|
475
Automatic Data Processing
ADP
$100B
| $133M | 0.04% |
655,251
-19,064
| -3% | -$4.37M |
|
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.