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 | |
|---|---|---|---|---|---|---|
1026
iShares iBonds Dec 2027 Term Treasury ETF
IBTH
$2.23B
| $40.6M | 0.01% |
1,811,146
+64,069
| +4% | +$1.44M |
|
1027
VanEck High Yield Muni ETF
HYD
$4.44B
| $40.6M | 0.01% |
809,597
-5,834
| -0.7% | -$297K |
|
1028
iShares ESG Optimized MSCI USA ETF
SUSA
$3.98B
| $40.6M | 0.01% |
307,264
-752
| -0.2% | -$104K |
|
1029
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.34B
| $40.6M | 0.01% |
633,868
-20,934
| -3% | -$1.36M |
|
1030
iShares US Energy ETF
IYE
$1.74B
| $40.6M | 0.01% |
626,083
+152,266
| +32% | +$8.64M |
|
1031
Schwab US TIPS ETF
SCHP
$16.3B
| $40.5M | 0.01% |
1,521,078
+98,786
| +7% | +$2.64M |
|
|
AXON
1032
Axon Enterprise
AXON
$40.5B
| $40.4M | 0.01% |
95,085
-9,980
| -9% | -$5.19M |
|
1033
First Trust Nasdaq Artificial Intelligence and Robotics ETF
ROBT
$693M
| $40.3M | 0.01% |
873,589
-83,078
| -9% | -$4.24M |
|
1034
iShares International Dividend Growth ETF
IGRO
$1.27B
| $40.3M | 0.01% |
480,493
+19,327
| +4% | +$1.66M |
|
1035
MKS Inc
MKSI
$22.2B
| $40.2M | 0.01% |
174,975
+163,065
| +1,369% | +$36.9M |
|
1036
Franklin Short Duration US Government ETF
FTSD
$300M
| $40M | 0.01% |
440,738
-25,499
| -5% | -$2.32M |
|
1037
iShares Morningstar Value ETF
ILCV
$1.3B
| $39.9M | 0.01% |
428,345
+33,917
| +9% | +$3.25M |
|
1038
Invesco S&P MidCap Value with Momentum ETF
XMVM
$499M
| $39.8M | 0.01% |
611,601
+48,856
| +9% | +$3.25M |
|
1039
Franklin US Core Bond ETF
FLCB
$3.01B
| $39.7M | 0.01% |
1,847,504
+587,800
| +47% | +$12.7M |
|
1040
Invesco KBW Bank ETF
KBWB
$7.08B
| $39.6M | 0.01% |
500,805
-64,249
| -11% | -$5.37M |
|
1041
Arm
ARM
$278B
| $39.4M | 0.01% |
260,253
-7,477
| -3% | -$907K |
|
1042
Bank of Montreal
BMO
$125B
| $39.2M | 0.01% |
289,549
-49,649
| -15% | -$6.9M |
|
1043
Carlyle Group
CG
$16.3B
| $39.2M | 0.01% |
809,274
-120,499
| -13% | -$6.64M |
|
1044
Dimensional Emerging Core Equity Market ETF
DFAE
$9.21B
| $39.1M | 0.01% |
1,153,999
+15,329
| +1% | +$536K |
|
1045
First Trust Nasdaq Semiconductor ETF
FTXL
$2.22B
| $39M | 0.01% |
264,411
+26,939
| +11% | +$4.07M |
|
1046
Timothy Plan US Small Cap Core ETF
TPSC
$360M
| $38.8M | 0.01% |
915,259
+497,796
| +119% | +$21.7M |
|
1047
Teradyne
TER
$54.8B
| $38.8M | 0.01% |
130,840
+28,386
| +28% | +$7.92M |
|
1048
iShares US Financial Services ETF
IYG
$2.13B
| $38.7M | 0.01% |
467,459
-12,482
| -3% | -$1.1M |
|
1049
Invesco Semiconductors ETF
PSI
$2.44B
| $38.7M | 0.01% |
409,599
+2,114
| +0.5% | +$200K |
|
|
FITB
1050
Fifth Third Bancorp
FITB
$52B
| $38.6M | 0.01% |
831,223
+167,249
| +25% | +$8.24M |
|
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.