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 | |
|---|---|---|---|---|---|---|
|
IDEQ
876
Lazard International Dynamic Equity ETF
IDEQ
$1.54B
| $54M | 0.01% |
1,700,889
+1,124,942
| +195% | +$36.8M |
|
877
AB Core Plus Bond ETF
CPLS
$211M
| $53.9M | 0.01% |
1,527,159
+227,762
| +18% | +$8.1M |
|
878
iShares Russell Top 200 Value ETF
IWX
$4.03B
| $53.7M | 0.01% |
579,108
-61,734
| -10% | -$5.87M |
|
879
Robinhood
HOOD
$85.2B
| $53.6M | 0.01% |
773,484
-148,793
| -16% | -$13.1M |
|
880
Snap-on
SNA
$20.9B
| $53.6M | 0.01% |
147,463
+3,192
| +2% | +$1.18M |
|
881
iShares ESG Advanced MSCI USA ETF
USXF
$1.42B
| $53.5M | 0.01% |
970,064
+72,139
| +8% | +$4.17M |
|
882
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2B
| $53.4M | 0.01% |
2,784,894
+215,509
| +8% | +$4.14M |
|
883
ProShares S&P 500 High Income ETF
ISPY
$1.23B
| $53.3M | 0.01% |
1,230,525
+116,157
| +10% | +$5.27M |
|
884
State Street SPDR S&P International Small Cap ETF
GWX
$861M
| $53.3M | 0.01% |
1,262,817
+42,113
| +3% | +$1.83M |
|
885
Boston Scientific
BSX
$65.8B
| $53.2M | 0.01% |
848,038
-857,789
| -50% | -$68.6M |
|
|
WTPI
886
WisdomTree Equity Premium Income Fund
WTPI
$493M
| $53.1M | 0.01% |
1,665,333
+637,671
| +62% | +$21.2M |
|
887
First Trust Emerging Markets AlphaDEX Fund
FEM
$745M
| $53.1M | 0.01% |
1,772,726
+397,190
| +29% | +$11.8M |
|
888
Tractor Supply
TSCO
$16.3B
| $53M | 0.01% |
1,170,678
-22,235
| -2% | -$1.13M |
|
|
QQA
889
Invesco QQQ Income Advantage ETF
QQA
$759M
| $53M | 0.01% |
1,062,894
+205,955
| +24% | +$10.8M |
|
|
SCHR
890
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.2B
| $52.9M | 0.01% |
2,122,593
+222,928
| +12% | +$5.59M |
|
891
Carrier Global
CARR
$57.2B
| $52.8M | 0.01% |
937,397
+68,751
| +8% | +$4.07M |
|
892
IQ MacKay Municipal Intermediate ETF
MMIT
$1.46B
| $52.8M | 0.01% |
2,188,883
+142,223
| +7% | +$3.48M |
|
893
State Street Ultra Short Term Bond ETF
ULST
$527M
| $52.4M | 0.01% |
1,293,371
-31,481
| -2% | -$1.28M |
|
894
First Trust Municipal High Income ETF
FMHI
$980M
| $52.3M | 0.01% |
1,100,306
-67,410
| -6% | -$3.24M |
|
895
Cboe Global Markets
CBOE
$29.8B
| $52.3M | 0.01% |
186,069
-766
| -0.4% | -$213K |
|
896
Elevance Health
ELV
$81.9B
| $52M | 0.01% |
177,654
+18,365
| +12% | +$6.04M |
|
897
Royal Caribbean
RCL
$78.7B
| $52M | 0.01% |
188,830
-22,188
| -11% | -$6.61M |
|
898
Global X MLP ETF
MLPA
$2.28B
| $51.8M | 0.01% |
961,495
+152,028
| +19% | +$7.96M |
|
899
VictoryShares WestEnd US Sector ETF
MODL
$1.02B
| $51.7M | 0.01% |
1,157,949
+63,803
| +6% | +$2.99M |
|
900
Franklin US Large Cap Multifactor Index ETF
FLQL
$2.04B
| $51.7M | 0.01% |
763,873
+123,602
| +19% | +$8.68M |
|
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.