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 | |
|---|---|---|---|---|---|---|
2026
Keurig Dr Pepper
KDP
$40.4B
| $9.63M | ﹤0.01% |
365,895
+37,853
| +12% | +$1.06M |
|
2027
BlackRock MuniYield Quality Fund
MQY
$807M
| $9.63M | ﹤0.01% |
877,337
+765,994
| +688% | +$8.83M |
|
2028
VanEck Short Muni ETF
SMB
$312M
| $9.63M | ﹤0.01% |
556,678
-78,642
| -12% | -$1.37M |
|
2029
ITT
ITT
$17.5B
| $9.63M | ﹤0.01% |
50,524
+6,356
| +14% | +$1.21M |
|
|
JPUS
2030
JPMorgan Diversified Return US Equity ETF
JPUS
$455M
| $9.62M | ﹤0.01% |
73,878
+4,573
| +7% | +$600K |
|
2031
Listed Funds Trust Roundhill Magnificent Seven ETF
MAGS
$3.91B
| $9.62M | ﹤0.01% |
166,005
-21,086
| -11% | -$1.32M |
|
2032
Zoom
ZM
$25.8B
| $9.6M | ﹤0.01% |
119,426
+11,209
| +10% | +$939K |
|
2033
Invesco International Corporate Bond ETF
PICB
$351M
| $9.59M | ﹤0.01% |
415,339
+74,284
| +22% | +$1.77M |
|
2034
US Treasury 10 Year Note ETF
UTEN
$287M
| $9.59M | ﹤0.01% |
220,009
+17,595
| +9% | +$775K |
|
2035
DoubleLine Commercial Real Estate Debt ETF
DCRE
$453M
| $9.58M | ﹤0.01% |
184,287
+180,169
| +4,375% | +$9.38M |
|
2036
Coca-Cola Europacific Partners
CCEP
$46.5B
| $9.56M | ﹤0.01% |
105,486
+8,350
| +9% | +$802K |
|
2037
Lumen
LUMN
$6.53B
| $9.56M | ﹤0.01% |
1,375,956
+429,016
| +45% | +$3.25M |
|
|
RMOP
2038
Rockefeller Opportunistic Municipal Bond ETF
RMOP
$435M
| $9.56M | ﹤0.01% |
384,452
+95,221
| +33% | +$2.39M |
|
2039
Cambria Global Asset Allocation ETF
GAA
$72.6M
| $9.53M | ﹤0.01% |
284,878
+3,019
| +1% | +$102K |
|
2040
Allison Transmission
ALSN
$10.1B
| $9.51M | ﹤0.01% |
81,280
-3,124
| -4% | -$355K |
|
|
PSIX
2041
Power Solutions International
PSIX
$691M
| $9.51M | ﹤0.01% |
156,185
+69,604
| +80% | +$4.97M |
|
2042
Royalty Pharma
RPRX
$26.1B
| $9.49M | ﹤0.01% |
197,931
+83,050
| +72% | +$3.64M |
|
2043
United States Copper Index Fund
CPER
$742M
| $9.48M | ﹤0.01% |
275,466
+13,960
| +5% | +$499K |
|
2044
Graham Holdings Company
GHC
$4.97B
| $9.48M | ﹤0.01% |
8,969
+132
| +1% | +$145K |
|
2045
Invesco BulletShares 2030 Municipal Bond ETF
BSMU
$264M
| $9.48M | ﹤0.01% |
434,624
-25,428
| -6% | -$562K |
|
2046
Elanco Animal Health
ELAN
$12.4B
| $9.47M | ﹤0.01% |
395,645
+215,163
| +119% | +$5.26M |
|
2047
Invesco S&P International Developed Low Volatility ETF
IDLV
$338M
| $9.46M | ﹤0.01% |
274,467
+28,272
| +11% | +$992K |
|
2048
Macerich
MAC
$7.32B
| $9.44M | ﹤0.01% |
499,358
-4,994
| -1% | -$94.6K |
|
2049
iShares iBonds Dec 2033 Term Corporate ETF
IBDY
$1.09B
| $9.38M | ﹤0.01% |
362,791
+258,924
| +249% | +$6.76M |
|
2050
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
| $9.36M | ﹤0.01% |
8,105
+444
| +6% | +$540K |
|
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.