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 | |
|---|---|---|---|---|---|---|
1001
Darden Restaurants
DRI
$23.7B
| $50.5M | 0.01% |
244,931
+101,605
| +71% | +$20.4M |
|
1002
First Trust Nasdaq Artificial Intelligence and Robotics ETF
ROBT
$752M
| $50.4M | 0.01% |
896,246
+22,657
| +3% | +$1.21M |
|
1003
Hartford Municipal Opportunities ETF
HMOP
$780M
| $50.4M | 0.01% |
1,286,412
+227,613
| +21% | +$8.89M |
|
1004
Intuit
INTU
$85.6B
| $50.3M | 0.01% |
192,774
-49,498
| -20% | -$17.2M |
|
|
VGUS
1005
Vanguard Ultra-Short Treasury ETF
VGUS
$1.08B
| $50.1M | 0.01% |
662,654
-181,047
| -21% | -$13.7M |
|
1006
First Trust Short Duration Managed Municipal ETF
FSMB
$619M
| $49.9M | 0.01% |
2,496,609
+229,136
| +10% | +$4.58M |
|
1007
Invesco BulletShares 2032 Corporate Bond ETF
BSCW
$1.55B
| $49.4M | 0.01% |
2,408,371
+108,701
| +5% | +$2.24M |
|
1008
Goldman Sachs Equal Weight US Large Cap Equity ETF
GSEW
$2.05B
| $49.4M | 0.01% |
523,041
+122,863
| +31% | +$11.2M |
|
1009
Coinbase
COIN
$46.2B
| $49.3M | 0.01% |
337,563
+7,182
| +2% | +$1.3M |
|
1010
Dover
DOV
$25.6B
| $49.3M | 0.01% |
219,895
-5,667
| -3% | -$1.23M |
|
1011
Public Storage
PSA
$55.4B
| $49.1M | 0.01% |
154,213
+13,149
| +9% | +$4.02M |
|
1012
First Trust Indxx Aerospace & Defense ETF
MISL
$704M
| $49M | 0.01% |
1,071,583
+77,517
| +8% | +$3.55M |
|
1013
Global X MLP ETF
MLPA
$2.4B
| $49M | 0.01% |
922,223
-39,272
| -4% | -$2.12M |
|
1014
Digital Realty Trust
DLR
$70.3B
| $48.8M | 0.01% |
271,739
+1,053
| +0.4% | +$202K |
|
1015
Curtiss-Wright
CW
$20.8B
| $48.7M | 0.01% |
64,315
-2,427
| -4% | -$1.78M |
|
1016
Hartford Total Return Bond ETF
HTRB
$2.16B
| $48.7M | 0.01% |
1,443,464
+219,519
| +18% | +$7.42M |
|
1017
Diamondback Energy
FANG
$57.1B
| $48.5M | 0.01% |
275,877
+64,703
| +31% | +$12.6M |
|
1018
Expedia Group
EXPE
$33.7B
| $48.5M | 0.01% |
189,466
+28,213
| +17% | +$6.7M |
|
1019
JPMorgan ActiveBuilders Emerging Markets Equity ETF
JEMA
$1.78B
| $48.4M | 0.01% |
758,297
+412,892
| +120% | +$24.9M |
|
1020
Alger AI Enablers & Adopters ETF
ALAI
$1.15B
| $48.4M | 0.01% |
1,061,213
-21,617
| -2% | -$899K |
|
1021
IonQ
IONQ
$15B
| $48.3M | 0.01% |
907,334
+250,234
| +38% | +$12.7M |
|
1022
First Trust Multi-Strategy Alternative ETF
LALT
$356M
| $48.3M | 0.01% |
2,009,723
+2,000,821
| +22,476% | +$49.1M |
|
1023
Invesco S&P 500 Equal Weight Utilities ETF
RSPU
$516M
| $48.2M | 0.01% |
593,610
+10,047
| +2% | +$806K |
|
1024
GSK
GSK
$96.2B
| $48.1M | 0.01% |
917,107
+33,110
| +4% | +$1.75M |
|
1025
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.66B
| $48.1M | 0.01% |
638,492
-31,779
| -5% | -$2.29M |
|
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.