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 | |
|---|---|---|---|---|---|---|
1801
Invesco Fundamental Investment Grade Corporate Bond ETF
PFIG
$115M
| $12.7M | ﹤0.01% |
529,166
+50,855
| +11% | +$1.23M |
|
1802
Coca-Cola Consolidated
COKE
$12.3B
| $12.7M | ﹤0.01% |
66,278
+8,382
| +14% | +$1.47M |
|
1803
PIMCO RAFI Multi-Factor International Equity ETF
MFDX
$451M
| $12.7M | ﹤0.01% |
319,065
+43,598
| +16% | +$1.77M |
|
1804
OGE Energy
OGE
$10.3B
| $12.7M | ﹤0.01% |
264,119
+5,495
| +2% | +$251K |
|
1805
Dick's Sporting Goods
DKS
$18.4B
| $12.6M | ﹤0.01% |
63,729
-4,957
| -7% | -$1.01M |
|
1806
Vanguard US Multifactor ETF
VFMF
$717M
| $12.6M | ﹤0.01% |
81,342
+13,852
| +21% | +$2.19M |
|
1807
Halozyme
HALO
$9.72B
| $12.6M | ﹤0.01% |
194,304
-16,016
| -8% | -$1.13M |
|
1808
iShares iBonds Dec 2027 Term Muni Bond ETF
IBMP
$646M
| $12.5M | ﹤0.01% |
492,697
+11,682
| +2% | +$297K |
|
1809
Molina Healthcare
MOH
$10.3B
| $12.5M | ﹤0.01% |
93,974
-3,798
| -4% | -$605K |
|
1810
Innovator US Equity Power Buffer ETF April
PAPR
$946M
| $12.5M | ﹤0.01% |
314,737
+18,293
| +6% | +$721K |
|
1811
Simplify High Yield ETF
CDX
$381M
| $12.5M | ﹤0.01% |
586,651
-138,531
| -19% | -$3.04M |
|
1812
ING
ING
$93.8B
| $12.5M | ﹤0.01% |
480,092
-95,222
| -17% | -$2.68M |
|
1813
Global X S&P 500 Catholic Values ETF
CATH
$1.27B
| $12.5M | ﹤0.01% |
159,331
+10,908
| +7% | +$892K |
|
1814
Invesco Russell 1000 Equal Weight ETF
EQAL
$809M
| $12.4M | ﹤0.01% |
225,595
+23,016
| +11% | +$1.28M |
|
1815
Innovator US Equity Power Buffer ETF July
PJUL
$1.18B
| $12.4M | ﹤0.01% |
269,841
-41,449
| -13% | -$1.93M |
|
1816
Vanguard S&P Mid-Cap 400 Value ETF
IVOV
$1.34B
| $12.4M | ﹤0.01% |
121,596
+5,249
| +5% | +$552K |
|
1817
Starwood Property Trust
STWD
$6.12B
| $12.4M | ﹤0.01% |
719,771
-64,332
| -8% | -$1.15M |
|
1818
Cleveland-Cliffs
CLF
$6.81B
| $12.4M | ﹤0.01% |
1,464,217
+143,887
| +11% | +$1.65M |
|
1819
National Fuel Gas
NFG
$7.84B
| $12.4M | ﹤0.01% |
131,674
+2,561
| +2% | +$224K |
|
1820
Sixth Street Specialty
TSLX
$1.59B
| $12.4M | ﹤0.01% |
672,738
-21,067
| -3% | -$416K |
|
1821
Western Midstream Partners
WES
$19.6B
| $12.3M | ﹤0.01% |
299,924
+7,028
| +2% | +$291K |
|
1822
iShares Morningstar Small-Cap ETF
ISCB
$281M
| $12.3M | ﹤0.01% |
189,650
+11,301
| +6% | +$764K |
|
1823
Workday
WDAY
$33.4B
| $12.3M | ﹤0.01% |
94,961
-5,718
| -6% | -$908K |
|
1824
Alcoa
AA
$11.7B
| $12.3M | ﹤0.01% |
185,946
-16,533
| -8% | -$1.01M |
|
|
CALI
1825
BlackRock ETF Trust II iShares Short-Term California Muni Active ETF
CALI
$423M
| $12.3M | ﹤0.01% |
244,383
+71,625
| +41% | +$3.62M |
|
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.