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 | |
|---|---|---|---|---|---|---|
2001
Bank of America Series L
BAC.PRL
$3.95B
| $9.91M | ﹤0.01% |
8,316
+978
| +13% | +$1.21M |
|
2002
PIMCO Commodity Strategy Active Exchange-Traded Fund
CMDT
$810M
| $9.91M | ﹤0.01% |
306,980
+108,318
| +55% | +$3.23M |
|
|
ITWO
2003
ProShares Russell 2000 High Income ETF
ITWO
$196M
| $9.9M | ﹤0.01% |
248,966
+30,404
| +14% | +$1.26M |
|
2004
AXIS Capital
AXS
$8.59B
| $9.87M | ﹤0.01% |
97,342
+1,308
| +1% | +$134K |
|
2005
Nextpower Inc
NXT
$15.2B
| $9.86M | ﹤0.01% |
81,791
+17,829
| +28% | +$1.98M |
|
2006
Absolute Select Value ETF
ABEQ
$144M
| $9.84M | ﹤0.01% |
260,700
+46,048
| +21% | +$1.75M |
|
2007
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.32B
| $9.83M | ﹤0.01% |
448,054
+21,758
| +5% | +$490K |
|
|
AOD
2008
abrdn Total Dynamic Dividend Fund
AOD
$1.1B
| $9.83M | ﹤0.01% |
1,067,835
-240,331
| -18% | -$2.39M |
|
2009
AllianzIM U.S. Equity Buffer20 Jul ETF
JULW
$237M
| $9.83M | ﹤0.01% |
253,272
-1,360
| -0.5% | -$53.3K |
|
2010
American Airlines Group
AAL
$9.58B
| $9.83M | ﹤0.01% |
915,218
+542,576
| +146% | +$7.19M |
|
|
HQH
2011
abrdn Healthcare Investors
HQH
$1.23B
| $9.83M | ﹤0.01% |
552,394
+51,327
| +10% | +$971K |
|
2012
JPMorgan Diversified Return International Equity ETF
JPIN
$361M
| $9.77M | ﹤0.01% |
137,086
-8,538
| -6% | -$616K |
|
2013
Avantis Responsible US Equity ETF
AVSU
$468M
| $9.76M | ﹤0.01% |
132,029
-2,888
| -2% | -$223K |
|
2014
Barclays
BCS
$94.1B
| $9.76M | ﹤0.01% |
461,175
+92,565
| +25% | +$2.26M |
|
2015
AllianzIM U.S. Equity Buffer20 Feb ETF
FEBW
$197M
| $9.76M | ﹤0.01% |
291,467
+156,541
| +116% | +$5.32M |
|
|
AFGR
2016
First Trust Active Factor Large Cap Growth ETF
AFGR
$90.5M
| $9.75M | ﹤0.01% |
310,970
-55,651
| -15% | -$1.86M |
|
2017
Okta
OKTA
$24.1B
| $9.73M | ﹤0.01% |
123,582
+15,925
| +15% | +$1.32M |
|
2018
Texas Roadhouse
TXRH
$12.7B
| $9.72M | ﹤0.01% |
58,878
-8,828
| -13% | -$1.58M |
|
2019
Opendoor
OPEN
$3.69B
| $9.72M | ﹤0.01% |
2,076,318
+323,392
| +18% | +$1.74M |
|
2020
NNN REIT
NNN
$9.39B
| $9.71M | ﹤0.01% |
231,055
+11,816
| +5% | +$509K |
|
2021
Woodward
WWD
$25B
| $9.71M | ﹤0.01% |
27,122
+3,665
| +16% | +$1.32M |
|
2022
US Foods
USFD
$21.4B
| $9.67M | ﹤0.01% |
104,816
+2,701
| +3% | +$239K |
|
2023
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
QEMM
$53.9M
| $9.66M | ﹤0.01% |
139,248
+14,935
| +12% | +$1.05M |
|
2024
Tortoise North American Pipeline ETF
TPYP
$900M
| $9.65M | ﹤0.01% |
227,800
+117,691
| +107% | +$4.65M |
|
|
EMBX
2025
VanEck Emerging Markets Bond ETF
EMBX
$256M
| $9.64M | ﹤0.01% |
192,304
-31,302
| -14% | -$1.6M |
|
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.