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 | |
|---|---|---|---|---|---|---|
476
JPMorgan Core Plus Bond ETF
JCPB
$14.5B
| $157M | 0.04% |
3,334,790
+1,661,136
| +99% | +$77.9M |
|
|
CGHM
477
Capital Group Municipal High-Income ETF
CGHM
$3.26B
| $156M | 0.04% |
6,046,346
+1,366,738
| +29% | +$35M |
|
478
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF
QDPL
$1.79B
| $156M | 0.04% |
3,460,154
+140,819
| +4% | +$6.25M |
|
|
NBIS
479
Nebius Group N.V.
NBIS
$62.2B
| $155M | 0.03% |
562,832
-38,442
| -6% | -$7.61M |
|
480
Realty Income
O
$56.3B
| $155M | 0.03% |
2,494,326
+41,332
| +2% | +$2.58M |
|
|
EMEQ
481
Nomura Focused Emerging Markets Equity ETF
EMEQ
$647M
| $154M | 0.03% |
2,110,053
+559,458
| +36% | +$34.5M |
|
482
AB Ultra Short Income ETF
YEAR
$1.54B
| $153M | 0.03% |
3,046,221
-201,851
| -6% | -$10.2M |
|
483
Freeport-McMoran
FCX
$103B
| $153M | 0.03% |
2,438,303
+83,236
| +4% | +$5.35M |
|
484
Franklin US Mid Cap Multifactor Index ETF
FLQM
$1.52B
| $153M | 0.03% |
2,641,550
-461,776
| -15% | -$26.2M |
|
485
iShares International Select Dividend ETF
IDV
$8.72B
| $152M | 0.03% |
3,678,911
+344,955
| +10% | +$15.1M |
|
486
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.36B
| $152M | 0.03% |
1,040,651
+77,967
| +8% | +$10.8M |
|
487
Schwab Fundamental International Large Company Index ETF
FNDF
$26.3B
| $152M | 0.03% |
2,878,360
+203,713
| +8% | +$10.7M |
|
488
Valero Energy
VLO
$114B
| $152M | 0.03% |
582,130
+31,223
| +6% | +$7.69M |
|
|
MFSB
489
MFS Active Core Plus Bond ETF
MFSB
$550M
| $151M | 0.03% |
6,067,350
+1,221,698
| +25% | +$30.5M |
|
490
iShares ESG Aware US Aggregate Bond ETF
EAGG
$5.02B
| $151M | 0.03% |
3,183,154
+384,928
| +14% | +$18.2M |
|
491
iShares Biotechnology ETF
IBB
$10.3B
| $150M | 0.03% |
789,395
+64,406
| +9% | +$11.1M |
|
492
Vanguard Russell 2000 ETF
VTWO
$17B
| $149M | 0.03% |
1,226,242
+155,023
| +14% | +$17.6M |
|
493
Dimensional International Value ETF
DFIV
$22.3B
| $148M | 0.03% |
2,748,495
+414,977
| +18% | +$22.8M |
|
494
Phillips 66
PSX
$105B
| $148M | 0.03% |
876,262
-11,535
| -1% | -$1.99M |
|
495
Paychex
PAYX
$41B
| $148M | 0.03% |
1,503,466
+51,851
| +4% | +$4.91M |
|
496
Dimensional International Core Equity 2 ETF
DFIC
$15.4B
| $148M | 0.03% |
3,963,122
+452,350
| +13% | +$17M |
|
497
Invesco BulletShares 2027 Corporate Bond ETF
BSCR
$4.58B
| $147M | 0.03% |
7,504,308
+333,316
| +5% | +$6.55M |
|
498
iShares Morningstar Growth ETF
ILCG
$3.15B
| $147M | 0.03% |
1,257,846
-34,545
| -3% | -$3.86M |
|
499
Invesco BulletShares 2026 Corporate Bond ETF
BSCQ
$3.41B
| $145M | 0.03% |
7,448,624
-402,035
| -5% | -$7.86M |
|
500
Oneok
OKE
$60.8B
| $145M | 0.03% |
1,662,568
-11,917
| -0.7% | -$1.05M |
|
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.