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 | |
|---|---|---|---|---|---|---|
1926
iShares MSCI Switzerland ETF
EWL
$2.12B
| $10.9M | ﹤0.01% |
185,190
-4,310
| -2% | -$264K |
|
1927
Willis Towers Watson
WTW
$27.9B
| $10.9M | ﹤0.01% |
37,459
+2,428
| +7% | +$745K |
|
1928
IQ MacKay Municipal Insured ETF
MMIN
$463M
| $10.9M | ﹤0.01% |
459,055
+70,408
| +18% | +$1.7M |
|
1929
Pacer Data & Infrastructure Real Estate ETF
SRVR
$379M
| $10.9M | ﹤0.01% |
348,582
+38,354
| +12% | +$1.21M |
|
1930
iShares iBonds Dec 2028 Term Muni Bond ETF
IBMQ
$655M
| $10.9M | ﹤0.01% |
425,657
+131,178
| +45% | +$3.37M |
|
1931
WisdomTree Emerging Markets Multifactor Fund
EMMF
$170M
| $10.8M | ﹤0.01% |
327,683
+40,246
| +14% | +$1.37M |
|
1932
ResMed
RMD
$28.3B
| $10.8M | ﹤0.01% |
48,301
+2,356
| +5% | +$587K |
|
1933
Innovator US Equity Power Buffer ETF August
PAUG
$858M
| $10.8M | ﹤0.01% |
253,724
-8,860
| -3% | -$384K |
|
1934
iShares China Large-Cap ETF
FXI
$4.31B
| $10.8M | ﹤0.01% |
301,651
-267,022
| -47% | -$10.2M |
|
1935
Lincoln Electric
LECO
$13.8B
| $10.8M | ﹤0.01% |
43,447
+4,555
| +12% | +$1.22M |
|
1936
Vanguard ESG International Stock ETF
VSGX
$6.43B
| $10.8M | ﹤0.01% |
150,006
+14,899
| +11% | +$1.12M |
|
|
TEM
1937
Tempus AI
TEM
$7.69B
| $10.8M | ﹤0.01% |
237,926
-3,597
| -1% | -$204K |
|
1938
NetApp
NTAP
$32.9B
| $10.7M | ﹤0.01% |
104,898
+23,552
| +29% | +$2.39M |
|
1939
Franklin US Equity Index ETF
USPX
$1.97B
| $10.7M | ﹤0.01% |
188,602
-1,388
| -0.7% | -$82.5K |
|
1940
Affirm
AFRM
$23.5B
| $10.7M | ﹤0.01% |
233,932
+76,557
| +49% | +$4.42M |
|
1941
Global X SuperDividend REIT ETF
SRET
$237M
| $10.7M | ﹤0.01% |
505,567
+34,527
| +7% | +$769K |
|
1942
Innovator Deepwater Frontier Tech ETF
LOUP
$202M
| $10.7M | ﹤0.01% |
155,573
+24,990
| +19% | +$1.9M |
|
1943
FlexShares US Quality Low Volatility Index Fund
QLV
$163M
| $10.6M | ﹤0.01% |
147,856
-1,306
| -0.9% | -$95.8K |
|
1944
Dycom Industries
DY
$12.9B
| $10.6M | ﹤0.01% |
31,365
+8,981
| +40% | +$3.37M |
|
1945
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$290M
| $10.6M | ﹤0.01% |
85,361
+14,191
| +20% | +$1.82M |
|
|
FTCA
1946
Franklin California Municipal Income ETF
FTCA
$608M
| $10.6M | ﹤0.01% |
1,458,539
+482,499
| +49% | +$3.55M |
|
1947
AerCap
AER
$23.9B
| $10.6M | ﹤0.01% |
77,374
+3,283
| +4% | +$470K |
|
1948
FT Vest US Equity Moderate Buffer ETF July
GJUL
$368M
| $10.6M | ﹤0.01% |
259,850
-6,627
| -2% | -$274K |
|
1949
TTM Technologies
TTMI
$13.6B
| $10.6M | ﹤0.01% |
108,723
+43,876
| +68% | +$4.18M |
|
1950
AllianzIM U.S. Equity Buffer20 Apr ETF
APRW
$200M
| $10.6M | ﹤0.01% |
299,396
+99,095
| +49% | +$3.48M |
|
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.