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 | |
|---|---|---|---|---|---|---|
1901
Fidelity MSCI Consumer Discretionary Index ETF
FDIS
$1.64B
| $13M | ﹤0.01% |
126,426
+5,515
| +5% | +$556K |
|
|
CAM
1902
AB California Intermediate Municipal ETF
CAM
$1.19B
| $13M | ﹤0.01% |
516,380
+33,786
| +7% | +$846K |
|
1903
Cambria Foreign Shareholder Yield ETF
FYLD
$733M
| $13M | ﹤0.01% |
355,326
+10,330
| +3% | +$394K |
|
1904
Schwab Emerging Markets Equity ETF
SCHE
$13B
| $12.9M | ﹤0.01% |
356,824
-134,504
| -27% | -$4.8M |
|
1905
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.29B
| $12.9M | ﹤0.01% |
597,579
+50,197
| +9% | +$1.08M |
|
1906
Lincoln Electric
LECO
$13.8B
| $12.9M | ﹤0.01% |
48,642
+5,195
| +12% | +$1.36M |
|
1907
Synchrony
SYF
$24.8B
| $12.9M | ﹤0.01% |
169,775
+7,336
| +5% | +$539K |
|
1908
VanEck Pharmaceutical ETF
PPH
$1B
| $12.9M | ﹤0.01% |
118,058
+5,818
| +5% | +$602K |
|
1909
iShares Currency Hedged MSCI ACWI ex US ETF
HAWX
$351M
| $12.9M | ﹤0.01% |
277,464
+22,665
| +9% | +$1.01M |
|
1910
CAVA Group
CAVA
$6.5B
| $12.8M | ﹤0.01% |
163,588
-58,812
| -26% | -$4.93M |
|
1911
Invesco Zacks Mid-Cap ETF
CZA
$178M
| $12.8M | ﹤0.01% |
104,652
-1,985
| -2% | -$233K |
|
1912
iShares MSCI Germany ETF
EWG
$1.71B
| $12.8M | ﹤0.01% |
310,124
-76,945
| -20% | -$3.24M |
|
1913
Cohen & Steers Quality Income Realty Fund
RQI
$1.6B
| $12.8M | ﹤0.01% |
1,041,026
+116,424
| +13% | +$1.51M |
|
|
HQH
1914
abrdn Healthcare Investors
HQH
$1.25B
| $12.8M | ﹤0.01% |
582,882
+30,488
| +6% | +$600K |
|
1915
Zoom
ZM
$28.1B
| $12.8M | ﹤0.01% |
148,237
+28,811
| +24% | +$2.72M |
|
1916
State Street SPDR S&P Software & Services ETF
XSW
$478M
| $12.8M | ﹤0.01% |
74,426
-26,039
| -26% | -$4.15M |
|
1917
iShares New York Muni Bond ETF
NYF
$1.43B
| $12.7M | ﹤0.01% |
236,481
+31,370
| +15% | +$1.68M |
|
1918
CBRE Group
CBRE
$40.8B
| $12.7M | ﹤0.01% |
94,572
-20,813
| -18% | -$2.87M |
|
1919
State Street SPDR ICE Preferred Securities ETF
PSK
$664M
| $12.7M | ﹤0.01% |
416,658
-27,799
| -6% | -$864K |
|
1920
iShares 1-3 Year International Treasury Bond ETF
ISHG
$875M
| $12.7M | ﹤0.01% |
171,289
+156,175
| +1,033% | +$11.8M |
|
1921
NYLIM MacKay Muni Insured ETF
MMIN
$469M
| $12.7M | ﹤0.01% |
525,286
+66,231
| +14% | +$1.59M |
|
|
EMBX
1922
VanEck Emerging Markets Bond ETF
EMBX
$268M
| $12.7M | ﹤0.01% |
247,756
+55,452
| +29% | +$2.85M |
|
1923
Lennox International
LII
$12.8B
| $12.7M | ﹤0.01% |
22,178
+780
| +4% | +$397K |
|
1924
Antero Midstream
AM
$10.5B
| $12.7M | ﹤0.01% |
558,179
-7,747
| -1% | -$168K |
|
1925
Workday
WDAY
$44.6B
| $12.7M | ﹤0.01% |
103,618
+8,657
| +9% | +$1.1M |
|
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.