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 | |
|---|---|---|---|---|---|---|
|
201
iShares S&P 100 ETF
OEF
$19.8B
| $386M | 0.1% |
1,213,570
-3,316,699
| -73% | -$1.11B |
|
202
Oracle
ORCL
$333B
| $385M | 0.1% |
2,617,539
+106,509
| +4% | +$17.3M |
|
203
First Trust NASDAQ Cybersecurity ETF
CIBR
$13.8B
| $382M | 0.1% |
6,099,024
+288,879
| +5% | +$19.4M |
|
204
Avantis Emerging Markets Equity ETF
AVEM
$24.9B
| $380M | 0.1% |
4,715,281
+974,695
| +26% | +$80.9M |
|
205
NextEra Energy
NEE
$187B
| $379M | 0.1% |
4,083,216
+104,559
| +3% | +$9.3M |
|
206
Pfizer
PFE
$140B
| $376M | 0.1% |
13,393,661
+124,181
| +0.9% | +$3.31M |
|
207
Fidelity High Dividend ETF
FDVV
$10.1B
| $376M | 0.1% |
6,799,783
+639,153
| +10% | +$36.8M |
|
208
iShares 0-1 Year Treasury Bond ETF
SHV
$20.7B
| $372M | 0.1% |
3,372,278
+308,936
| +10% | +$34.1M |
|
209
Amplify CWP Enhanced Dividend Income ETF
DIVO
$7.41B
| $367M | 0.1% |
8,187,536
+739,757
| +10% | +$33.9M |
|
210
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
BILS
$3.84B
| $366M | 0.1% |
3,683,603
+89,683
| +2% | +$8.91M |
|
211
iShares Russell Mid-Cap ETF
IWR
$56.8B
| $365M | 0.1% |
3,755,593
+235,527
| +7% | +$23.5M |
|
212
Avantis International Equity ETF
AVDE
$17.7B
| $362M | 0.1% |
4,270,736
+1,004,165
| +31% | +$87.3M |
|
213
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $356M | 0.09% |
4,345,177
+282,796
| +7% | +$23.8M |
|
214
iShares Semiconductor ETF
SOXX
$44B
| $354M | 0.09% |
1,078,141
+36,358
| +3% | +$12.4M |
|
215
First Trust Smith Opportunistic Fixed Income ETF
FIXD
$3.23B
| $353M | 0.09% |
8,092,909
+1,016,129
| +14% | +$45M |
|
216
Global X Defense Tech ETF
SHLD
$7.09B
| $352M | 0.09% |
4,971,123
+1,312,802
| +36% | +$97.8M |
|
|
GRID
217
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$11.4B
| $350M | 0.09% |
2,138,732
+438,930
| +26% | +$73M |
|
218
AT&T
T
$165B
| $348M | 0.09% |
11,988,366
+337,609
| +3% | +$9.02M |
|
219
WisdomTree US LargeCap Dividend Fund
DLN
$6.23B
| $347M | 0.09% |
3,886,664
+311,322
| +9% | +$28.3M |
|
220
UnitedHealth
UNH
$381B
| $344M | 0.09% |
1,271,194
+34,267
| +3% | +$10.2M |
|
221
State Street SPDR S&P Aerospace & Defense ETF
XAR
$6.07B
| $343M | 0.09% |
1,348,882
+61,995
| +5% | +$17M |
|
222
iShares Treasury Floating Rate Bond ETF
TFLO
$6.56B
| $342M | 0.09% |
6,750,827
-5,540
| -0.1% | -$280K |
|
223
iShares Russell Mid-Cap Growth ETF
IWP
$20B
| $339M | 0.09% |
2,644,351
+27,857
| +1% | +$3.77M |
|
224
Union Pacific
UNP
$183B
| $336M | 0.09% |
1,383,482
+11,643
| +0.8% | +$2.85M |
|
225
WisdomTree US Value Fund
WTV
$3.11B
| $335M | 0.09% |
3,536,335
+979,792
| +38% | +$94.9M |
|
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.