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 | |
|---|---|---|---|---|---|---|
801
iShares iBonds Dec 2028 Term Corporate ETF
IBDT
$4.04B
| $63.7M | 0.02% |
2,513,489
+248,583
| +11% | +$6.32M |
|
802
Dimensional US Small Cap ETF
DFAS
$15.2B
| $63.6M | 0.02% |
894,689
+5,688
| +0.6% | +$417K |
|
803
Cigna
CI
$76.6B
| $63.5M | 0.02% |
238,130
-2,319
| -1% | -$642K |
|
804
Iron Mountain
IRM
$38.2B
| $63.5M | 0.02% |
621,238
-13,561
| -2% | -$1.35M |
|
805
Pacer Data and Digital Revolution ETF
TRFK
$945M
| $63.4M | 0.02% |
1,018,044
+94,970
| +10% | +$6.09M |
|
806
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.75B
| $63.2M | 0.02% |
1,378,389
+46,385
| +3% | +$2.21M |
|
807
Cintas
CTAS
$82.4B
| $63.1M | 0.02% |
373,284
+25,963
| +7% | +$4.98M |
|
|
NBIS
808
Nebius Group N.V.
NBIS
$47.7B
| $62.4M | 0.02% |
601,274
+143,644
| +31% | +$14.3M |
|
809
iShares Fallen Angels USD Bond ETF
FALN
$1.63B
| $62.2M | 0.02% |
2,328,235
-100,817
| -4% | -$2.75M |
|
|
CRWV
810
CoreWeave
CRWV
$39.2B
| $62.1M | 0.02% |
801,368
+137,256
| +21% | +$11.9M |
|
811
Invesco FTSE RAFI Developed Markets ex-US ETF
PXF
$2.83B
| $61.7M | 0.02% |
883,311
+269,586
| +44% | +$19M |
|
812
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
$2.52B
| $61.7M | 0.02% |
1,076,319
+265,917
| +33% | +$15.8M |
|
813
Intercontinental Exchange
ICE
$82.4B
| $61.3M | 0.02% |
390,023
-48,717
| -11% | -$7.95M |
|
814
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.74B
| $61.3M | 0.02% |
1,675,601
+29,249
| +2% | +$1.1M |
|
815
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.83B
| $61.2M | 0.02% |
818,695
+103,193
| +14% | +$7.84M |
|
816
NYLI FTSE International Equity Currency Neutral ETF
HFXI
$1.99B
| $61.1M | 0.02% |
1,818,249
+337,791
| +23% | +$11.6M |
|
817
iShares Global Clean Energy ETF
ICLN
$2.38B
| $61M | 0.02% |
3,333,296
+296,981
| +10% | +$5.41M |
|
818
FT Vest Gold Strategy Target Income ETF
IGLD
$507M
| $60.8M | 0.02% |
2,382,065
+859,660
| +56% | +$23.2M |
|
819
iShares Russell Top 200 ETF
IWL
$2.16B
| $60.6M | 0.02% |
377,756
+94,189
| +33% | +$15.9M |
|
820
Ciena
CIEN
$55.3B
| $60.6M | 0.02% |
155,993
+3,388
| +2% | +$1.04M |
|
821
State Street SPDR MSCI USA StrategicFactors ETF
QUS
$1.52B
| $60.6M | 0.02% |
352,798
+19,748
| +6% | +$3.49M |
|
822
KKR & Co
KKR
$89.2B
| $60.5M | 0.02% |
654,524
-23,737
| -3% | -$2.5M |
|
823
Invesco BulletShares 2029 High Yield Corporate Bond ETF
BSJT
$552M
| $60.5M | 0.02% |
2,878,145
+433,899
| +18% | +$9.26M |
|
824
Becton Dickinson
BDX
$43.1B
| $60.5M | 0.02% |
384,987
+21,921
| +6% | +$4.02M |
|
825
BlackRock Intermediate Muni Income Bond ETF
INMU
$535M
| $60.4M | 0.02% |
2,527,688
+943,582
| +60% | +$22.9M |
|
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.