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 | |
|---|---|---|---|---|---|---|
1826
Reliance Steel & Aluminium
RS
$20B
| $14.3M | ﹤0.01% |
38,176
+8,502
| +29% | +$3.11M |
|
1827
Western Midstream Partners
WES
$20.2B
| $14.3M | ﹤0.01% |
325,656
+25,732
| +9% | +$1.11M |
|
1828
Ares Management
ARES
$30B
| $14.2M | ﹤0.01% |
128,012
-20,749
| -14% | -$2.49M |
|
1829
FTAI Aviation
FTAI
$19.3B
| $14.2M | ﹤0.01% |
52,530
+9,708
| +23% | +$2.44M |
|
1830
iShares iBonds Dec 2032 Term Corporate ETF
IBDX
$1.74B
| $14.2M | ﹤0.01% |
563,924
+53,999
| +11% | +$1.36M |
|
1831
BlackRock Science and Technology Trust
BST
$1.75B
| $14.1M | ﹤0.01% |
278,628
+3,972
| +1% | +$177K |
|
1832
Strategy Shares Nasdaq 7HANDL Index ETF
HNDL
$628M
| $14.1M | ﹤0.01% |
617,640
-82,101
| -12% | -$1.86M |
|
1833
CACI
CACI
$13.6B
| $14.1M | ﹤0.01% |
30,398
-9,659
| -24% | -$4.93M |
|
1834
Tenet Healthcare
THC
$21.2B
| $14.1M | ﹤0.01% |
75,169
-41,327
| -35% | -$7.6M |
|
1835
VanEck Natural Resources ETF
HAP
$324M
| $14.1M | ﹤0.01% |
204,959
-15,830
| -7% | -$1.14M |
|
1836
Kinross Gold
KGC
$34.3B
| $14M | ﹤0.01% |
594,494
-48,674
| -8% | -$1.43M |
|
1837
Fidelity Yield Enhanced Equity ETF
FYEE
$270M
| $14M | ﹤0.01% |
485,922
+433,493
| +827% | +$12.5M |
|
1838
First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF
FCEF
$81.3M
| $14M | ﹤0.01% |
582,629
+95,304
| +20% | +$2.25M |
|
1839
Dimensional International High Profitability ETF
DIHP
$6.46B
| $14M | ﹤0.01% |
410,217
+42,393
| +12% | +$1.44M |
|
1840
Schwab Fundamental US Small Company Index ETF
FNDA
$8.96B
| $14M | ﹤0.01% |
367,791
-102,551
| -22% | -$3.66M |
|
1841
Medpace
MEDP
$16.4B
| $14M | ﹤0.01% |
26,394
-19,436
| -42% | -$8.97M |
|
1842
Royalty Pharma
RPRX
$26B
| $14M | ﹤0.01% |
249,117
+51,186
| +26% | +$2.66M |
|
1843
Diageo
DEO
$48.2B
| $14M | ﹤0.01% |
173,712
-6,265
| -3% | -$506K |
|
1844
Leidos
LDOS
$16.1B
| $13.9M | ﹤0.01% |
135,254
+5,087
| +4% | +$675K |
|
1845
PIMCO 1-5 Year US TIPS Index Exchange-Traded Fund
STPZ
$537M
| $13.9M | ﹤0.01% |
260,841
+43,219
| +20% | +$2.33M |
|
1846
Hull Tactical US ETF
HTUS
$166M
| $13.9M | ﹤0.01% |
317,120
+8,189
| +3% | +$348K |
|
1847
State Street SPDR S&P Insurance ETF
KIE
$627M
| $13.9M | ﹤0.01% |
227,998
-108,518
| -32% | -$6.22M |
|
1848
Canadian National Railway
CNI
$73.8B
| $13.9M | ﹤0.01% |
116,598
+8,680
| +8% | +$988K |
|
1849
VeriSign
VRSN
$26.3B
| $13.9M | ﹤0.01% |
55,265
-1,481
| -3% | -$411K |
|
1850
Calvert Ultra-Short Investment Grade ETF
CVSB
$273M
| $13.9M | ﹤0.01% |
274,024
+11,041
| +4% | +$560K |
|
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.