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 | |
|---|---|---|---|---|---|---|
776
iShares US Telecommunications ETF
IYZ
$1.19B
| $67.7M | 0.02% |
1,721,736
+1,113,922
| +183% | +$41.7M |
|
777
First Trust US Equity Opportunities ETF
FPX
$1.51B
| $67.3M | 0.02% |
423,848
-38,923
| -8% | -$6.4M |
|
778
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.5B
| $66.6M | 0.02% |
848,780
-7,621
| -0.9% | -$620K |
|
779
Global X US Preferred ETF
PFFD
$2.13B
| $66.4M | 0.02% |
3,610,103
-235,171
| -6% | -$4.5M |
|
780
Colgate-Palmolive
CL
$72.6B
| $66.4M | 0.02% |
778,648
+51,137
| +7% | +$4.56M |
|
781
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.26B
| $66.4M | 0.02% |
1,394,344
-197,708
| -12% | -$9.5M |
|
782
Dimensional US Marketwide Value ETF
DFUV
$15.4B
| $66.2M | 0.02% |
1,366,685
+11,341
| +0.8% | +$556K |
|
783
Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF
GGUS
$428M
| $66.2M | 0.02% |
1,140,976
+56,878
| +5% | +$3.5M |
|
784
Fidelity MSCI Health Care Index ETF
FHLC
$3.27B
| $66M | 0.02% |
938,070
+263,005
| +39% | +$19.4M |
|
785
iShares US Financials ETF
IYF
$4.39B
| $65.9M | 0.02% |
560,433
-53,820
| -9% | -$6.68M |
|
786
Principal Financial Group
PFG
$23.6B
| $65.6M | 0.02% |
728,464
+207,145
| +40% | +$18.9M |
|
|
EQIN
787
Columbia U.S. Equity Income ETF
EQIN
$302M
| $65.6M | 0.02% |
1,334,404
-55,336
| -4% | -$2.75M |
|
|
PPL
788
PPL Corp
PPL
$27.3B
| $65.6M | 0.02% |
1,716,466
-42,040
| -2% | -$1.55M |
|
789
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$924M
| $65.3M | 0.02% |
1,503,200
+25,942
| +2% | +$1.14M |
|
790
iShares California Muni Bond ETF
CMF
$4.54B
| $65.3M | 0.02% |
1,147,593
+158,111
| +16% | +$9.12M |
|
791
Invesco S&P International Developed Quality ETF
IDHQ
$908M
| $64.9M | 0.02% |
1,834,895
+119,211
| +7% | +$4.44M |
|
792
eBay
EBAY
$48.6B
| $64.7M | 0.02% |
710,776
+11,723
| +2% | +$1.05M |
|
793
Dimensional US Large Cap Value ETF
DFLV
$6.69B
| $64.6M | 0.02% |
1,808,994
+220,886
| +14% | +$7.96M |
|
794
US Treasury 12 Month Bill ETF
OBIL
$301M
| $64.5M | 0.02% |
1,288,674
+74,962
| +6% | +$3.76M |
|
795
SLB Ltd
SLB
$77.8B
| $64.5M | 0.02% |
1,254,465
+124,008
| +11% | +$6.02M |
|
796
Vanguard Communication Services ETF
VOX
$5.53B
| $64.4M | 0.02% |
358,166
-64,028
| -15% | -$12.2M |
|
797
Global X Copper Miners ETF NEW
COPX
$7.13B
| $64.1M | 0.02% |
839,269
+372,726
| +80% | +$30.9M |
|
|
VGUS
798
Vanguard Ultra-Short Treasury ETF
VGUS
$1.02B
| $63.8M | 0.02% |
843,701
+684,209
| +429% | +$51.7M |
|
799
Vistra
VST
$55.1B
| $63.8M | 0.02% |
424,447
-41,343
| -9% | -$6.69M |
|
800
BNY Mellon Global Infrastructure Income ETF
BKGI
$1.21B
| $63.8M | 0.02% |
1,432,088
+353,131
| +33% | +$15.3M |
|
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.