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 | |
|---|---|---|---|---|---|---|
|
RSPA
801
Invesco S&P 500 Equal Weight Income Advantage ETF
RSPA
$1.16B
| $77.2M | 0.02% |
1,447,161
+457,900
| +46% | +$23.9M |
|
802
Ecolab
ECL
$77.5B
| $76.8M | 0.02% |
275,674
-4,029
| -1% | -$1.06M |
|
803
Cencora
COR
$61B
| $76.8M | 0.02% |
271,415
-25,901
| -9% | -$7.47M |
|
804
Vanguard FTSE Europe ETF
VGK
$30.5B
| $76.2M | 0.02% |
861,099
-130,964
| -13% | -$11.5M |
|
805
State Street SPDR S&P Metals & Mining ETF
XME
$4.69B
| $76.2M | 0.02% |
712,733
-9,696
| -1% | -$1.14M |
|
806
iShares MSCI India Small-Cap ETF
SMIN
$765M
| $76.1M | 0.02% |
1,076,243
+971,603
| +929% | +$64.8M |
|
807
State Street SPDR Russell 1000 Yield Focus ETF
ONEY
$665M
| $76M | 0.02% |
592,995
-7,016
| -1% | -$885K |
|
808
Astera Labs
ALAB
$50.6B
| $75.9M | 0.02% |
157,094
-46,928
| -23% | -$12.5M |
|
809
Vanguard Materials ETF
VAW
$2.97B
| $75.8M | 0.02% |
331,445
+22,860
| +7% | +$5.3M |
|
810
Vanguard Communication Services ETF
VOX
$5.83B
| $75.6M | 0.02% |
410,936
+52,770
| +15% | +$10.1M |
|
811
iShares California Muni Bond ETF
CMF
$4.55B
| $75.6M | 0.02% |
1,310,854
+163,261
| +14% | +$9.35M |
|
812
Dimensional US Large Cap Value ETF
DFLV
$7.07B
| $75.5M | 0.02% |
1,908,901
+99,907
| +6% | +$3.83M |
|
813
Datadog
DDOG
$79.6B
| $75.5M | 0.02% |
289,888
-7,428
| -2% | -$1.38M |
|
814
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.81B
| $75.4M | 0.02% |
1,002,390
+183,695
| +22% | +$13.8M |
|
815
Waters Corp
WAT
$40.2B
| $74.9M | 0.02% |
199,677
-54,036
| -21% | -$18.4M |
|
816
Pacer Aristotle Pacific Floating Rate High Income ETF
FLRT
$746M
| $74.9M | 0.02% |
1,605,404
-206,196
| -11% | -$9.63M |
|
|
BRIE
817
MFS Blended Research International Equity ETF
BRIE
$448M
| $74.8M | 0.02% |
2,466,731
+1,371,228
| +125% | +$40.2M |
|
818
Interactive Brokers
IBKR
$41.4B
| $74.7M | 0.02% |
858,091
+10,864
| +1% | +$904K |
|
819
Ares Capital
ARCC
$14.2B
| $74.7M | 0.02% |
4,029,149
-9,036
| -0.2% | -$169K |
|
820
Vistra
VST
$49.6B
| $74.6M | 0.02% |
470,303
+45,856
| +11% | +$7.11M |
|
821
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.9B
| $74.6M | 0.02% |
483,515
+7,526
| +2% | +$1.18M |
|
822
Sempra
SRE
$54.8B
| $74.4M | 0.02% |
802,616
+38,612
| +5% | +$3.59M |
|
823
Schwab US Mid-Cap ETF
SCHM
$14.7B
| $74.4M | 0.02% |
2,017,782
+90,945
| +5% | +$3.13M |
|
|
EVSD
824
Eaton Vance Short Duration Income ETF
EVSD
$1.48B
| $74.2M | 0.02% |
1,458,364
+447,716
| +44% | +$22.8M |
|
825
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.73B
| $74.1M | 0.02% |
1,065,599
-118,652
| -10% | -$8.08M |
|
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.