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 | |
|---|---|---|---|---|---|---|
101
First Trust Value Line Dividend Fund
FVD
$8.27B
| $791M | 0.21% |
16,816,974
-390,188
| -2% | -$18.7M |
|
102
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17B
| $783M | 0.21% |
16,696,640
+1,109,591
| +7% | +$54.1M |
|
103
Columbia Research Enhanced Core ETF
RECS
$5.91B
| $782M | 0.21% |
20,066,979
+2,692,608
| +15% | +$109M |
|
104
Caterpillar
CAT
$410B
| $779M | 0.21% |
1,099,268
+76,048
| +7% | +$52.7M |
|
105
Invesco S&P 500 Momentum ETF
SPMO
$21.3B
| $762M | 0.2% |
6,792,814
+168,326
| +3% | +$19.9M |
|
106
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$18.3B
| $761M | 0.2% |
12,852,544
+8,072
| +0.1% | +$491K |
|
107
Invesco S&P 500 Revenue ETF
RWL
$9.51B
| $758M | 0.2% |
6,598,106
+727,207
| +12% | +$85.8M |
|
108
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.8B
| $752M | 0.2% |
1,623,835
-26,157
| -2% | -$12.7M |
|
109
Palantir
PLTR
$295B
| $747M | 0.2% |
5,109,312
+123,524
| +2% | +$18.9M |
|
110
Capital Group Core Bond ETF
CGCB
$5.63B
| $746M | 0.2% |
28,419,125
+6,159,437
| +28% | +$164M |
|
111
Netflix
NFLX
$292B
| $744M | 0.2% |
7,738,759
-271,818
| -3% | -$24M |
|
112
State Street Utilities Select Sector SPDR ETF
XLU
$24B
| $735M | 0.2% |
16,014,045
+835,724
| +6% | +$37.5M |
|
113
Home Depot
HD
$329B
| $732M | 0.19% |
2,226,080
+56,457
| +3% | +$20.6M |
|
114
iShares Global Infrastructure ETF
IGF
$11B
| $725M | 0.19% |
10,822,105
+1,034,788
| +11% | +$67.9M |
|
115
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.69B
| $724M | 0.19% |
14,253,890
+1,845,604
| +15% | +$90.2M |
|
116
Avantis US Small Cap Value ETF
AVUV
$29.8B
| $721M | 0.19% |
6,527,850
+1,052,611
| +19% | +$116M |
|
117
TSMC
TSM
$2.11T
| $708M | 0.19% |
2,094,792
+65,478
| +3% | +$22.5M |
|
118
First Trust Capital Strength ETF
FTCS
$7.85B
| $698M | 0.19% |
7,528,935
-150,686
| -2% | -$14.5M |
|
119
Dimensional US Core Equity 2 ETF
DFAC
$47.6B
| $680M | 0.18% |
17,506,918
-235,428
| -1% | -$9.48M |
|
120
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$13.5B
| $672M | 0.18% |
8,501,799
+199,994
| +2% | +$16.5M |
|
121
Janus Henderson AAA CLO ETF
JAAA
$29.1B
| $668M | 0.18% |
13,252,376
-20,360
| -0.2% | -$1.03M |
|
122
iMGP DBi Managed Futures Strategy ETF
DBMF
$3.95B
| $664M | 0.18% |
22,024,213
+16,386,579
| +291% | +$491M |
|
123
Capital Group Core Plus Income ETF
CGCP
$8.35B
| $664M | 0.18% |
29,704,133
+5,981,448
| +25% | +$135M |
|
124
WisdomTree Floating Rate Treasury Fund
USFR
$18.1B
| $642M | 0.17% |
12,759,066
-95,381
| -0.7% | -$4.81M |
|
125
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$9.79B
| $633M | 0.17% |
24,716,908
+1,201,539
| +5% | +$31M |
|
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.