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 | |
|---|---|---|---|---|---|---|
2076
Saba Closed-End Funds ETF
CEFS
$424M
| $9.03M | ﹤0.01% |
400,492
-5,082
| -1% | -$117K |
|
2077
Vanguard US Value Factor ETF
VFVA
$879M
| $9.02M | ﹤0.01% |
67,030
+5,758
| +9% | +$796K |
|
2078
Reliance Steel & Aluminium
RS
$20.8B
| $9.02M | ﹤0.01% |
29,674
+323
| +1% | +$103K |
|
2079
Mine Safety
MSA
$6.74B
| $9.01M | ﹤0.01% |
54,984
-1,800
| -3% | -$329K |
|
2080
iShares MSCI Australia ETF
EWA
$1.34B
| $9.01M | ﹤0.01% |
324,390
-18,708
| -5% | -$526K |
|
2081
Ericsson
ERIC
$30.7B
| $8.99M | ﹤0.01% |
797,447
+42,348
| +6% | +$458K |
|
2082
Angel Oak Income ETF
CARY
$1.36B
| $8.97M | ﹤0.01% |
431,890
+104,808
| +32% | +$2.19M |
|
2083
MGM Resorts International
MGM
$11.7B
| $8.94M | ﹤0.01% |
241,521
+9,804
| +4% | +$349K |
|
|
LVDS
2084
JPMorgan Fundamental Data Science Large Value ETF
LVDS
$109M
| $8.93M | ﹤0.01% |
176,940
+3,266
| +2% | +$169K |
|
2085
ROBO Global Artificial Intelligence ETF
THNQ
$409M
| $8.92M | ﹤0.01% |
151,225
+1,215
| +0.8% | +$76.5K |
|
2086
CNX Resources
CNX
$4.85B
| $8.92M | ﹤0.01% |
231,259
+15,615
| +7% | +$609K |
|
2087
State Street SPDR S&P Emerging Asia Pacific ETF
GMF
$419M
| $8.91M | ﹤0.01% |
65,470
-620
| -0.9% | -$88.8K |
|
2088
iShares USD Green Bond ETF
BGRN
$497M
| $8.91M | ﹤0.01% |
187,588
+18,979
| +11% | +$909K |
|
2089
Sanmina
SANM
$11.2B
| $8.9M | ﹤0.01% |
68,648
+40,910
| +147% | +$6.01M |
|
2090
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$263M
| $8.89M | ﹤0.01% |
138,851
-32,751
| -19% | -$2.24M |
|
2091
Innovator US Equity Power Buffer ETF June
PJUN
$949M
| $8.87M | ﹤0.01% |
212,113
-11,944
| -5% | -$502K |
|
2092
Viper Energy
VNOM
$8.81B
| $8.87M | ﹤0.01% |
188,779
+62,090
| +49% | +$2.66M |
|
2093
Cullen/Frost Bankers
CFR
$10.3B
| $8.84M | ﹤0.01% |
64,502
+1,768
| +3% | +$244K |
|
2094
ENI
E
$76B
| $8.84M | ﹤0.01% |
156,180
+48,774
| +45% | +$2.19M |
|
2095
Electronic Arts
EA
$52.4B
| $8.84M | ﹤0.01% |
43,341
-4,150
| -9% | -$838K |
|
2096
Invesco Senior Income Trust
VVR
$456M
| $8.83M | ﹤0.01% |
2,741,741
-62,401
| -2% | -$200K |
|
2097
Avantis US Mid Cap Value ETF
AVMV
$698M
| $8.82M | ﹤0.01% |
118,918
+23,488
| +25% | +$1.76M |
|
2098
Avantis US Mid Cap Equity ETF
AVMC
$459M
| $8.82M | ﹤0.01% |
122,110
+24,671
| +25% | +$1.82M |
|
2099
Invesco S&P Global Water Index ETF
CGW
$1.05B
| $8.81M | ﹤0.01% |
137,759
+871
| +0.6% | +$57.1K |
|
2100
Alaska Air
ALK
$5.15B
| $8.81M | ﹤0.01% |
239,456
+88,804
| +59% | +$4.28M |
|
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.