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 | |
|---|---|---|---|---|---|---|
1201
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF
TLTW
$1.85B
| $29.8M | 0.01% |
1,318,188
+74,343
| +6% | +$1.7M |
|
1202
iShares International Small Cap Equity Factor ETF
ISCF
$651M
| $29.7M | 0.01% |
711,625
+90,950
| +15% | +$3.96M |
|
1203
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$737M
| $29.7M | 0.01% |
533,852
+5,253
| +1% | +$305K |
|
1204
Equinix
EQIX
$107B
| $29.7M | 0.01% |
30,289
-11,849
| -28% | -$10.5M |
|
1205
Janus Henderson B-BBB CLO ETF
JBBB
$1.4B
| $29.7M | 0.01% |
636,991
-345,726
| -35% | -$16.4M |
|
1206
Exelon
EXC
$48.6B
| $29.7M | 0.01% |
605,270
-5,672
| -0.9% | -$264K |
|
|
BKDV
1207
BNY Mellon Dynamic Value ETF
BKDV
$1.72B
| $29.6M | 0.01% |
999,503
+991,098
| +11,792% | +$29.9M |
|
1208
First Trust Managed Futures Strategy Fund
FMF
$250M
| $29.6M | 0.01% |
585,199
+88,090
| +18% | +$4.35M |
|
|
BRIE
1209
MFS Blended Research International Equity ETF
BRIE
$389M
| $29.6M | 0.01% |
+1,095,503
| New | +$30.6M |
|
1210
WisdomTree Trust WisdomTree US SmallCap Quality Dividend Growth Fund
DGRS
$401M
| $29.6M | 0.01% |
558,856
+11,722
| +2% | +$629K |
|
1211
First Trust Europe AlphaDEX Fund
FEP
$513M
| $29.5M | 0.01% |
540,363
+32,073
| +6% | +$1.8M |
|
1212
Ameriprise Financial
AMP
$46.8B
| $29.4M | 0.01% |
66,248
-8,675
| -12% | -$4.18M |
|
1213
Franklin Senior Loan ETF
FLBL
$852M
| $29.4M | 0.01% |
1,277,783
-103,103
| -7% | -$2.39M |
|
1214
Packaging Corp of America
PKG
$22.7B
| $29.4M | 0.01% |
138,319
+5,012
| +4% | +$1.12M |
|
1215
State Street SPDR S&P 1500 Momentum Tilt ETF
MMTM
$181M
| $29.3M | 0.01% |
104,624
+2,692
| +3% | +$789K |
|
1216
Halliburton
HAL
$27.9B
| $29.3M | 0.01% |
750,946
+140,239
| +23% | +$4.85M |
|
1217
Vanguard ESG US Stock ETF
ESGV
$12.9B
| $29.2M | 0.01% |
260,516
+2,600
| +1% | +$309K |
|
1218
Ameren
AEE
$31.5B
| $29.2M | 0.01% |
265,934
+39,107
| +17% | +$4.18M |
|
1219
Texas Pacific Land
TPL
$28.9B
| $29.2M | 0.01% |
61,527
+10,689
| +21% | +$4.59M |
|
|
QXO
1220
QXO Inc
QXO
$14.2B
| $29.2M | 0.01% |
1,501,338
+423,355
| +39% | +$9.69M |
|
1221
Dutch Bros
BROS
$8.78B
| $29.2M | 0.01% |
575,423
+12,213
| +2% | +$668K |
|
1222
Invesco High Yield Equity Dividend Achievers ETF
PEY
$1.13B
| $29.1M | 0.01% |
1,360,564
-471,038
| -26% | -$10.1M |
|
1223
Avantis US Small Cap Equity ETF
AVSC
$3.01B
| $29.1M | 0.01% |
467,437
+21,625
| +5% | +$1.36M |
|
1224
AB US High Dividend ETF
HIDV
$205M
| $29.1M | 0.01% |
374,542
-73,160
| -16% | -$5.95M |
|
1225
PUT
Invesco QQQ Trust
QQQ
$455B
| $29M | 0.01% |
50,300
+12,400
| +33% | +$7.53M |
|
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.