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 | |
|---|---|---|---|---|---|---|
|
FSCC
1326
Federated Hermes MDT Small Cap Core ETF
FSCC
$300M
| $24.7M | 0.01% |
+833,545
| New | +$25.8M |
|
1327
Carvana
CVNA
$43.3B
| $24.7M | 0.01% |
392,430
-74,560
| -16% | -$5.53M |
|
1328
Xtrackers Short Duration High Yield Bond ETF
SHYL
$263M
| $24.7M | 0.01% |
555,829
+68,780
| +14% | +$3.08M |
|
1329
Idexx Laboratories
IDXX
$42.9B
| $24.6M | 0.01% |
43,832
-1,804
| -4% | -$1.16M |
|
1330
iShares ESG Aware MSCI USA Value ETF
EVUS
$348M
| $24.6M | 0.01% |
773,213
-24,739
| -3% | -$816K |
|
1331
Franklin FTSE Japan ETF
FLJP
$3.93B
| $24.5M | 0.01% |
677,818
+38,827
| +6% | +$1.44M |
|
1332
VanEck Retail ETF
RTH
$248M
| $24.4M | 0.01% |
97,236
+7,136
| +8% | +$1.85M |
|
1333
Ferguson
FERG
$44.7B
| $24.3M | 0.01% |
104,209
+27,767
| +36% | +$6.76M |
|
1334
IQVIA
IQV
$34.7B
| $24.3M | 0.01% |
142,354
+6,883
| +5% | +$1.34M |
|
1335
Fidelity High Yield Factor ETF
FDHY
$566M
| $24.2M | 0.01% |
499,237
-3,977
| -0.8% | -$196K |
|
1336
ATI
ATI
$27B
| $24.1M | 0.01% |
165,570
+98,944
| +149% | +$13.8M |
|
1337
iShares MSCI United Kingdom ETF
EWU
$4.04B
| $24.1M | 0.01% |
528,541
-33,725
| -6% | -$1.55M |
|
1338
Kratos Defense & Security Solutions
KTOS
$8.88B
| $24.1M | 0.01% |
341,123
+87,645
| +35% | +$8.4M |
|
1339
GMO US Quality ETF
QLTY
$4.71B
| $24M | 0.01% |
664,234
+58,059
| +10% | +$2.23M |
|
1340
Davis Select Worldwide ETF
DWLD
$586M
| $24M | 0.01% |
548,101
+159,515
| +41% | +$7.33M |
|
1341
iShares Global Energy ETF
IXC
$2.71B
| $24M | 0.01% |
416,096
+139,079
| +50% | +$6.93M |
|
1342
KraneShares Value Line Dynamic Dividend Equity Index ETF
KVLE
$41M
| $23.8M | 0.01% |
957,021
+295,523
| +45% | +$7.7M |
|
1343
Fidelity MSCI Industrials Index ETF
FIDU
$2.34B
| $23.8M | 0.01% |
275,115
+54,837
| +25% | +$4.93M |
|
1344
Microchip Technology
MCHP
$42.8B
| $23.8M | 0.01% |
368,380
+65,604
| +22% | +$4.72M |
|
|
BITW
1345
Bitwise 10 Crypto Index ETF
BITW
$616M
| $23.8M | 0.01% |
533,529
+30,767
| +6% | +$1.56M |
|
|
ZAP
1346
Global X U.S. Electrification ETF
ZAP
$473M
| $23.7M | 0.01% |
735,949
+352,112
| +92% | +$11.1M |
|
1347
Invesco KBW Property & Casualty Insurance ETF
KBWP
$269M
| $23.6M | 0.01% |
198,474
-27,863
| -12% | -$3.42M |
|
1348
Xtrackers MSCI All World ex US Hedged Equity ETF
DBAW
$277M
| $23.6M | 0.01% |
552,412
-4,279
| -0.8% | -$185K |
|
1349
Toyota
TM
$210B
| $23.6M | 0.01% |
114,332
+1,080
| +1% | +$244K |
|
1350
First Trust Indxx NextG ETF
NXTG
$537M
| $23.5M | 0.01% |
210,199
-7,204
| -3% | -$824K |
|
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.