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 | |
|---|---|---|---|---|---|---|
151
Cisco
CSCO
$450B
| $518M | 0.14% |
6,673,724
+284,974
| +4% | +$22.3M |
|
152
Capital Group US Multi-Sector Income ETF
CGMS
$5.17B
| $515M | 0.14% |
18,902,820
+3,535,981
| +23% | +$97.6M |
|
153
Capital Group Core Balanced ETF
CGBL
$7.01B
| $513M | 0.14% |
14,908,799
+2,333,083
| +19% | +$83.5M |
|
154
Verizon
VZ
$194B
| $513M | 0.14% |
10,214,187
+271,108
| +3% | +$12.6M |
|
155
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
| $512M | 0.14% |
4,618,045
-627,390
| -12% | -$72.6M |
|
156
Goldman Sachs MarketBeta US Equity ETF
GSUS
$3.14B
| $509M | 0.14% |
5,682,784
-268,745
| -5% | -$25.2M |
|
157
iShares Silver Trust
SLV
$28.1B
| $509M | 0.14% |
7,464,566
-1,284,179
| -15% | -$97.6M |
|
158
iShares US Aerospace & Defense ETF
ITA
$14.2B
| $508M | 0.13% |
2,321,685
-830,712
| -26% | -$194M |
|
159
McDonald's
MCD
$188B
| $501M | 0.13% |
1,612,425
+38,418
| +2% | +$12.2M |
|
160
Advanced Micro Devices
AMD
$851B
| $493M | 0.13% |
2,425,334
+59,936
| +3% | +$12.8M |
|
161
Capital Group International Focus Equity ETF
CGXU
$6.12B
| $490M | 0.13% |
16,623,539
+2,774,449
| +20% | +$85.5M |
|
162
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.89B
| $489M | 0.13% |
5,171,149
-482,413
| -9% | -$46.6M |
|
163
JPMorgan International Research Enhanced Equity ETF
JIRE
$11B
| $488M | 0.13% |
6,438,745
+502,047
| +8% | +$39.2M |
|
164
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $485M | 0.13% |
5,873,249
-424,413
| -7% | -$35.1M |
|
165
Fidelity Total Bond ETF
FBND
$26.9B
| $485M | 0.13% |
10,628,285
+1,241,211
| +13% | +$57.2M |
|
166
IBM
IBM
$202B
| $484M | 0.13% |
1,995,991
-12,942
| -0.6% | -$3.5M |
|
167
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
| $481M | 0.13% |
9,638,050
+503,007
| +6% | +$25.4M |
|
168
JPMorgan Active Value ETF
JAVA
$6.74B
| $480M | 0.13% |
6,687,339
+424,676
| +7% | +$31.5M |
|
169
PIMCO Multi Sector Bond Active ETF
PYLD
$14.8B
| $472M | 0.13% |
18,008,240
+3,424,206
| +23% | +$91.3M |
|
170
Micron Technology
MU
$1.04T
| $466M | 0.12% |
1,380,379
+96,481
| +8% | +$37.8M |
|
171
BlackRock Large Cap Core ETF
BLCR
$6.3B
| $462M | 0.12% |
+11,254,711
| New | +$482M |
|
172
Coca-Cola
KO
$354B
| $459M | 0.12% |
6,039,593
+109,151
| +2% | +$8.25M |
|
173
Invesco S&P MidCap Quality ETF
XMHQ
$5.43B
| $459M | 0.12% |
4,441,331
-180,799
| -4% | -$19.2M |
|
174
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
| $458M | 0.12% |
4,199,050
+379,445
| +10% | +$41.8M |
|
|
BDYN
175
iShares Dynamic Equity Active ETF
BDYN
$2.96B
| $455M | 0.12% |
18,731,842
+2,185,656
| +13% | +$56M |
|
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.