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 | |
|---|---|---|---|---|---|---|
1076
WisdomTree Trust WisdomTree Interest Rate Hedged High Yield Bond Fund
HYZD
$260M
| $36M | 0.01% |
1,636,601
+155,111
| +10% | +$3.49M |
|
1077
Arthur J. Gallagher & Co
AJG
$63.7B
| $36M | 0.01% |
166,145
-38,167
| -19% | -$8.82M |
|
1078
Atmos Energy
ATO
$29.9B
| $35.9M | 0.01% |
194,277
+19,622
| +11% | +$3.47M |
|
1079
iShares Emerging Markets Dividend ETF
DVYE
$1.22B
| $35.8M | 0.01% |
1,042,252
+308,511
| +42% | +$10.4M |
|
1080
Alger AI Enablers & Adopters ETF
ALAI
$435M
| $35.8M | 0.01% |
1,082,830
+107,307
| +11% | +$3.75M |
|
1081
ActivePassive Core Bond ETF
APCB
$1B
| $35.8M | 0.01% |
1,214,405
-120,532
| -9% | -$3.58M |
|
1082
Baker Hughes
BKR
$56.8B
| $35.7M | 0.01% |
584,594
+233,404
| +66% | +$13.5M |
|
1083
WisdomTree International Quality Dividend Growth Fund
IQDG
$696M
| $35.6M | 0.01% |
888,093
-142,143
| -14% | -$6.03M |
|
1084
CMS Energy
CMS
$23.1B
| $35.5M | 0.01% |
458,003
+17,377
| +4% | +$1.29M |
|
1085
Kraft Heinz
KHC
$30.4B
| $35.5M | 0.01% |
1,577,889
+34,800
| +2% | +$819K |
|
1086
Ulta Beauty
ULTA
$20.4B
| $35.4M | 0.01% |
67,651
+2,021
| +3% | +$1.29M |
|
1087
ActivePassive International Equity ETF
APIE
$1.11B
| $35.3M | 0.01% |
1,001,712
-116,318
| -10% | -$4.29M |
|
|
TCAL
1088
T. Rowe Price Capital Appreciation Premium Income ETF
TCAL
$279M
| $35.2M | 0.01% |
1,574,555
+556,509
| +55% | +$13.1M |
|
1089
State Street SPDR Russell 1000 Low Volatility Focus ETF
ONEV
$348M
| $35.2M | 0.01% |
262,131
-13,441
| -5% | -$1.86M |
|
1090
Datadog
DDOG
$87.9B
| $35.1M | 0.01% |
297,316
+85,419
| +40% | +$10.5M |
|
1091
Zoetis
ZTS
$31.6B
| $35.1M | 0.01% |
296,876
-36,909
| -11% | -$4.56M |
|
1092
iShares MSCI India ETF
INDA
$6.71B
| $35M | 0.01% |
747,447
-131,453
| -15% | -$6.73M |
|
1093
iShares US Home Construction ETF
ITB
$2.41B
| $34.9M | 0.01% |
385,693
-436,795
| -53% | -$44.7M |
|
1094
Swan Hedged Equity US Large Cap ETF
HEGD
$704M
| $34.9M | 0.01% |
1,412,600
+134,736
| +11% | +$3.4M |
|
1095
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.73B
| $34.9M | 0.01% |
305,085
+33,295
| +12% | +$3.91M |
|
1096
iShares Morningstar Small-Cap Growth ETF
ISCG
$960M
| $34.7M | 0.01% |
633,237
-43,613
| -6% | -$2.51M |
|
1097
Avantis US Large Cap Equity ETF
AVLC
$1.34B
| $34.6M | 0.01% |
446,321
+28,410
| +7% | +$2.28M |
|
1098
VICI Properties
VICI
$29.4B
| $34.6M | 0.01% |
1,265,963
-211,396
| -14% | -$6.05M |
|
1099
WisdomTree US SmallCap Earnings Fund
EES
$716M
| $34.5M | 0.01% |
594,789
+14,599
| +3% | +$863K |
|
1100
US Treasury 2 Year Note ETF
UTWO
$482M
| $34.5M | 0.01% |
714,740
+13,884
| +2% | +$674K |
|
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.