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 | |
|---|---|---|---|---|---|---|
|
ALLW
626
State Street Bridgewater All Weather ETF
ALLW
$1.77B
| $107M | 0.02% |
3,656,677
+2,332,110
| +176% | +$69.2M |
|
627
Janus Henderson Small/Mid Cap Growth Alpha ETF
JSMD
$1.05B
| $107M | 0.02% |
1,053,754
-732
| -0.1% | -$67.2K |
|
628
Aflac
AFL
$57.7B
| $106M | 0.02% |
905,956
+24,960
| +3% | +$2.87M |
|
629
GMO US Quality ETF
QLTY
$5.14B
| $106M | 0.02% |
2,546,522
+1,882,288
| +283% | +$75.5M |
|
630
Global X MLP & Energy Infrastructure ETF
MLPX
$3.65B
| $105M | 0.02% |
1,431,595
+162,847
| +13% | +$12M |
|
631
Schwab Short-Term US Treasury ETF
SCHO
$15.2B
| $105M | 0.02% |
4,352,014
+2,027,374
| +87% | +$49M |
|
632
CME Group
CME
$99B
| $105M | 0.02% |
475,144
-7,373
| -2% | -$2.04M |
|
633
Novartis
NVS
$262B
| $104M | 0.02% |
666,272
+45,845
| +7% | +$6.87M |
|
634
VanEck CLO ETF
CLOI
$1.54B
| $104M | 0.02% |
1,964,724
+174,386
| +10% | +$9.2M |
|
635
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.25B
| $104M | 0.02% |
674,103
+63,418
| +10% | +$10.6M |
|
|
NBSD
636
Neuberger Short Duration Income ETF
NBSD
$1.31B
| $104M | 0.02% |
2,057,290
+460,026
| +29% | +$23.3M |
|
637
Monster Beverage
MNST
$84.7B
| $103M | 0.02% |
2,142,272
+21,384
| +1% | +$899K |
|
638
Unilever
UL
$133B
| $103M | 0.02% |
1,712,505
+79,723
| +5% | +$4.61M |
|
639
Comfort Systems
FIX
$58.9B
| $103M | 0.02% |
51,941
+2,281
| +5% | +$4.14M |
|
640
Comcast
CMCSA
$90.1B
| $103M | 0.02% |
4,188,446
-32,230
| -0.8% | -$832K |
|
641
Global X Lithium & Battery Tech ETF
LIT
$1.54B
| $103M | 0.02% |
1,311,780
+70,175
| +6% | +$5.81M |
|
642
Innovator Laddered Allocation Power Buffer ETF
BUFF
$1.01B
| $103M | 0.02% |
1,948,392
+281,494
| +17% | +$14.6M |
|
643
Adobe
ADBE
$99.6B
| $102M | 0.02% |
499,525
+68,440
| +16% | +$16.2M |
|
644
BlackRock ETF Trust II iShares AAA CLO Active ETF
CLOA
$2.26B
| $102M | 0.02% |
1,968,129
+28,238
| +1% | +$1.46M |
|
645
Constellation Energy
CEG
$102B
| $102M | 0.02% |
409,585
+15,423
| +4% | +$4.34M |
|
646
GS ActiveBeta US Small Cap Equity ETF
GSSC
$1.07B
| $101M | 0.02% |
1,110,966
+117,725
| +12% | +$9.9M |
|
647
State Street SPDR S&P 1500 Value Tilt ETF
VLU
$767M
| $101M | 0.02% |
425,520
-195
| -0% | -$45.3K |
|
648
Republic Services
RSG
$68.3B
| $101M | 0.02% |
475,377
+25,181
| +6% | +$5.26M |
|
649
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.81B
| $101M | 0.02% |
634,074
-35,238
| -5% | -$5.11M |
|
650
Target
TGT
$71.1B
| $101M | 0.02% |
773,333
+56,541
| +8% | +$7.18M |
|
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.