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 | |
|---|---|---|---|---|---|---|
576
iShares S&P Small-Cap 600 Value ETF
IJS
$8.13B
| $119M | 0.03% |
871,179
+1,339
| +0.2% | +$173K |
|
577
T. Rowe Price QM US Bond ETF
TAGG
$2.58B
| $119M | 0.03% |
2,796,845
+2,791,283
| +50,185% | +$119M |
|
578
First Trust North American Energy Infrastructure Fund
EMLP
$4.15B
| $118M | 0.03% |
2,723,272
+102,640
| +4% | +$4.48M |
|
579
Fastenal
FAST
$56.6B
| $118M | 0.03% |
2,457,148
+757,848
| +45% | +$34.4M |
|
580
Pacer Trendpilot 100 ETF
PTNQ
$1.23B
| $118M | 0.03% |
1,330,177
-104,432
| -7% | -$8.69M |
|
|
FLXR
581
TCW Flexible Income ETF
FLXR
$3.59B
| $118M | 0.03% |
2,998,174
+320,488
| +12% | +$12.6M |
|
582
Invesco RAFI Strategic US ETF
IUS
$980M
| $117M | 0.03% |
1,784,665
+277,267
| +18% | +$17.6M |
|
583
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.1B
| $117M | 0.03% |
166,179
+2,775
| +2% | +$1.86M |
|
584
iShares Core US REIT ETF
USRT
$4.5B
| $117M | 0.03% |
1,757,195
+1,003,921
| +133% | +$64.7M |
|
585
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.79B
| $116M | 0.03% |
1,221,358
+141,132
| +13% | +$12.8M |
|
586
WisdomTree Emerging Markets High Dividend Fund
DEM
$4.26B
| $116M | 0.03% |
2,153,138
-86,013
| -4% | -$4.59M |
|
587
FedEx
FDX
$74B
| $116M | 0.03% |
369,852
+13,233
| +4% | +$4.81M |
|
588
iShares MSCI Japan ETF
EWJ
$23.7B
| $116M | 0.03% |
1,240,630
+28,893
| +2% | +$2.62M |
|
589
Trane Technologies
TT
$97.4B
| $116M | 0.03% |
235,316
+13,269
| +6% | +$6.21M |
|
590
AB High Yield ETF
HYFI
$337M
| $115M | 0.03% |
3,092,237
+267,403
| +9% | +$9.99M |
|
591
Janus Henderson Securitized Income ETF
JSI
$1.54B
| $115M | 0.03% |
2,247,471
+174,259
| +8% | +$8.99M |
|
592
JPMorgan Equity Focus ETF
JPEF
$2.02B
| $115M | 0.03% |
1,432,378
+117,029
| +9% | +$9.18M |
|
593
Carpenter Technology
CRS
$22.1B
| $115M | 0.03% |
186,104
+11,581
| +7% | +$5.45M |
|
594
First Trust Cloud Computing ETF
SKYY
$3.27B
| $115M | 0.03% |
851,862
-71,790
| -8% | -$9.12M |
|
|
SYSB
595
iShares Systematic Bond ETF
SYSB
$1.26B
| $114M | 0.03% |
1,288,561
+253,994
| +25% | +$22.5M |
|
|
MFSI
596
MFS Active International ETF
MFSI
$1.21B
| $114M | 0.03% |
3,512,368
-209,906
| -6% | -$6.66M |
|
597
Goldman Sachs ActiveBeta Emerging Markets Equity ETF
GEM
$1.77B
| $114M | 0.03% |
2,192,221
+134,493
| +7% | +$6.67M |
|
598
US Treasury 6 Month Bill ETF
XBIL
$752M
| $114M | 0.03% |
2,275,618
-87,623
| -4% | -$4.39M |
|
599
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.69B
| $114M | 0.03% |
768,548
-3,665
| -0.5% | -$519K |
|
600
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.44B
| $113M | 0.03% |
1,170,855
-92,657
| -7% | -$8.97M |
|
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.