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 | |
|---|---|---|---|---|---|---|
176
Merck
MRK
$324B
| $455M | 0.12% |
3,782,188
+226,190
| +6% | +$26.1M |
|
177
iShares 20+ Year Treasury Bond ETF
TLT
$42.2B
| $451M | 0.12% |
5,201,859
+492,756
| +10% | +$43.3M |
|
|
HDV
178
iShares Core High Dividend ETF
HDV
$14.4B
| $450M | 0.12% |
16,588,310
+1,928,475
| +13% | +$51.3M |
|
179
Franklin International Low Volatility High Dividend Index ETF
LVHI
$5.29B
| $450M | 0.12% |
11,094,725
+1,121,203
| +11% | +$44.1M |
|
180
Lockheed Martin
LMT
$134B
| $447M | 0.12% |
739,164
+10,105
| +1% | +$6.22M |
|
181
Global X US Infrastructure Development ETF
PAVE
$14.3B
| $441M | 0.12% |
8,675,381
+1,047,393
| +14% | +$54.5M |
|
182
Philip Morris
PM
$301B
| $439M | 0.12% |
2,652,573
+34,557
| +1% | +$6M |
|
183
State Street SPDR S&P Dividend ETF
SDY
$21.9B
| $438M | 0.12% |
2,998,124
-30,870
| -1% | -$4.6M |
|
184
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17B
| $437M | 0.12% |
4,342,620
+278,272
| +7% | +$28M |
|
185
GE Aerospace
GE
$366B
| $432M | 0.11% |
1,521,809
+55,352
| +4% | +$17.4M |
|
186
Vanguard Mega Cap Growth ETF
MGK
$31.9B
| $424M | 0.11% |
5,773,805
-95,455
| -2% | -$7.5M |
|
187
Bank of America
BAC
$435B
| $422M | 0.11% |
8,659,709
-137,105
| -2% | -$7.07M |
|
|
IDEF
188
iShares Defense Industrials Active ETF
IDEF
$4.19B
| $418M | 0.11% |
12,782,135
+12,758,467
| +53,906% | +$444M |
|
189
Goldman Sachs
GS
$313B
| $416M | 0.11% |
492,177
+8,295
| +2% | +$7.4M |
|
190
GE Vernova
GEV
$269B
| $413M | 0.11% |
472,637
+30,669
| +7% | +$23.9M |
|
191
Amgen
AMGN
$203B
| $410M | 0.11% |
1,163,976
-19,176
| -2% | -$6.84M |
|
192
JPMorgan Equity Premium Income ETF
JEPI
$45.3B
| $409M | 0.11% |
7,224,145
+3,048,260
| +73% | +$177M |
|
193
Capital Group Dividend Growers ETF
CGDG
$5.38B
| $409M | 0.11% |
11,389,368
+1,738,255
| +18% | +$63.7M |
|
194
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $408M | 0.11% |
5,283,152
+127,653
| +2% | +$9.94M |
|
195
Goldman Sachs ActiveBeta US Large Cap Equity ETF
GSLC
$15.2B
| $408M | 0.11% |
3,257,467
+93,623
| +3% | +$12.3M |
|
196
Vanguard Total International Stock ETF
VXUS
$153B
| $401M | 0.11% |
5,206,507
+758,351
| +17% | +$60.2M |
|
197
JPMorgan BetaBuilders US Equity ETF
BBUS
$8.59B
| $391M | 0.1% |
3,336,313
+233,930
| +8% | +$28.7M |
|
198
iShares Core MSCI Total International Stock ETF
IXUS
$57.5B
| $390M | 0.1% |
4,496,745
+179,771
| +4% | +$16M |
|
|
CGMM
199
Capital Group U.S. Small and Mid Cap ETF
CGMM
$3.06B
| $388M | 0.1% |
13,218,454
+10,263,390
| +347% | +$311M |
|
200
PepsiCo
PEP
$187B
| $388M | 0.1% |
2,497,865
+42,402
| +2% | +$6.61M |
|
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.