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 | |
|---|---|---|---|---|---|---|
1226
American Beacon GLG Natural Resources ETF
MGNR
$1.29B
| $34M | 0.01% |
701,148
+139,534
| +25% | +$7.37M |
|
|
MDST
1227
Westwood Salient Enhanced Midstream Income ETF
MDST
$298M
| $34M | 0.01% |
1,179,517
+77,216
| +7% | +$2.23M |
|
1228
First Trust Emerging Markets Local Currency Bond ETF
FEMB
$386M
| $33.9M | 0.01% |
1,161,531
-259,121
| -18% | -$7.63M |
|
1229
Janus Henderson B-BBB CLO ETF
JBBB
$1.5B
| $33.9M | 0.01% |
716,664
+79,673
| +13% | +$3.77M |
|
1230
iShare MSCI Eurozone ETF
EZU
$9.78B
| $33.9M | 0.01% |
487,774
-109,399
| -18% | -$7.38M |
|
1231
PG&E
PCG
$30.4B
| $33.9M | 0.01% |
2,013,540
-333,034
| -14% | -$5.6M |
|
1232
WisdomTree US MidCap Fund
EZM
$934M
| $33.8M | 0.01% |
446,533
+17,385
| +4% | +$1.26M |
|
1233
Deckers Outdoor
DECK
$11.1B
| $33.8M | 0.01% |
340,240
+70,469
| +26% | +$7.42M |
|
1234
Ameren
AEE
$29B
| $33.8M | 0.01% |
298,671
+32,737
| +12% | +$3.62M |
|
1235
Franklin US Low Volatility High Dividend Index ETF
LVHD
$613M
| $33.6M | 0.01% |
764,164
+19,900
| +3% | +$855K |
|
1236
Cambria Shareholder Yield ETF
SYLD
$1.01B
| $33.6M | 0.01% |
425,132
+14,474
| +4% | +$1.13M |
|
1237
Avantis Core Fixed Income ETF
AVIG
$1.97B
| $33.6M | 0.01% |
811,747
-184,893
| -19% | -$7.66M |
|
1238
APi Group
APG
$16.4B
| $33.6M | 0.01% |
793,407
+6,284
| +0.8% | +$275K |
|
1239
ROBO Global Robotics & Automation Index ETF
ROBO
$2.01B
| $33.5M | 0.01% |
391,443
+56,181
| +17% | +$4.61M |
|
1240
iShares International Small Cap Equity Factor ETF
ISCF
$676M
| $33.5M | 0.01% |
774,242
+62,617
| +9% | +$2.77M |
|
1241
Rocket Companies
RKT
$37.6B
| $33.5M | 0.01% |
2,127,729
-21,603
| -1% | -$311K |
|
1242
ClearBridge Large Cap Growth Select ETF
LRGE
$380M
| $33.5M | 0.01% |
391,188
-14,082
| -3% | -$1.18M |
|
1243
Inspire 100 ETF
BIBL
$494M
| $33.5M | 0.01% |
578,086
+116,244
| +25% | +$6.2M |
|
1244
Microchip Technology
MCHP
$40.2B
| $33.3M | 0.01% |
365,025
-3,355
| -0.9% | -$299K |
|
1245
Vanguard FTSE Pacific ETF
VPL
$8.78B
| $33.3M | 0.01% |
287,622
+25,281
| +10% | +$2.79M |
|
1246
US Treasury 2 Year Note ETF
UTWO
$490M
| $33.2M | 0.01% |
692,082
-22,658
| -3% | -$1.09M |
|
1247
DTE Energy
DTE
$27.7B
| $33.1M | 0.01% |
217,291
+7,780
| +4% | +$1.14M |
|
1248
Royal Bank of Canada
RY
$285B
| $33.1M | 0.01% |
159,886
-10,004
| -6% | -$1.86M |
|
1249
iShares MSCI Europe Financials ETF
EUFN
$4.26B
| $33M | 0.01% |
847,503
+199,545
| +31% | +$7.55M |
|
1250
State Street SPDR US Large Cap Low Volatility Index ETF
LGLV
$1.2B
| $33M | 0.01% |
182,070
-4,267
| -2% | -$766K |
|
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.