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 Morningstar 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 | Miscellaneous | 74.75% |
| 2 | Technology | 7.77% |
| 3 | Financials | 3.21% |
| 4 | Industrials | 2.58% |
| 5 | Consumer Discretionary | 2.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$899B
| $7.57B | 2.01% |
11,586,990
+1,104,430
| +11% | +$754M |
2013 Q2
51 quarters
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$833B
| $6.48B | 1.72% |
9,962,967
-207,794
| -2% | -$141M |
2013 Q2
51 quarters
|
|
3
Invesco QQQ Trust
QQQ
$507B
| $6.09B | 1.62% |
10,558,431
-170,856
| -2% | -$104M |
2013 Q2
51 quarters
|
|
4
Apple
AAPL
$4.91T
| $6.01B | 1.6% |
23,695,604
+89,415
| +0.4% | +$23.3M |
2013 Q2
51 quarters
|
|
5
NVIDIA
NVDA
$5.54T
| $5.84B | 1.55% |
33,503,160
+347,242
| +1% | +$63.7M |
2013 Q2
51 quarters
|
|
|
SPYM
6
State Street SPDR Portfolio S&P 500 ETF
SPYM
$177B
| $4.49B | 1.19% |
58,660,538
+7,149,483
| +14% | +$572M |
2015 Q1
44 quarters
|
|
7
iShares Core MSCI EAFE ETF
IEFA
$190B
| $4.17B | 1.11% |
46,029,515
+5,240,582
| +13% | +$489M |
2016 Q4
37 quarters
|
|
8
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$57.8B
| $3.9B | 1.04% |
39,830,479
-387,298
| -1% | -$40.3M |
2013 Q2
51 quarters
|
|
9
Microsoft
MSFT
$3.97T
| $3.83B | 1.02% |
10,337,597
+329,577
| +3% | +$138M |
2013 Q2
51 quarters
|
|
10
Vanguard S&P 500 ETF
VOO
$1.06T
| $3.83B | 1.02% |
6,401,368
-412,912
| -6% | -$258M |
2013 Q2
51 quarters
|
|
11
iShares Core MSCI Emerging Markets ETF
IEMG
$160B
| $3.64B | 0.97% |
52,231,526
-229,673
| -0.4% | -$16.6M |
2016 Q4
37 quarters
|
|
12
Amazon
AMZN
$2.83T
| $3.49B | 0.93% |
16,776,756
+285,977
| +2% | +$63M |
2013 Q2
51 quarters
|
|
|
13
Vanguard Morningstar Total Stock Market ETF
VTI
$697B
| $3.31B | 0.88% |
10,325,305
-3,754,475
| -27% | -$1.26B |
2016 Q4
37 quarters
|
|
14
iShares US Treasury Bond ETF
GOVT
$41.4B
| $3.23B | 0.86% |
140,890,662
+21,803,239
| +18% | +$503M |
2013 Q2
51 quarters
|
|
15
iShares MSCI USA Quality Factor ETF
QUAL
$48.8B
| $3.1B | 0.82% |
16,156,372
-19,728
| -0.1% | -$3.95M |
2014 Q2
47 quarters
|
|
16
Capital Group Dividend Value ETF
CGDV
$39B
| $3.06B | 0.81% |
71,850,473
+8,359,833
| +13% | +$371M |
2022 Q2
15 quarters
|
|
17
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$36.4B
| $2.91B | 0.77% |
51,485,691
+1,386,584
| +3% | +$80.4M |
2013 Q2
51 quarters
|
|
18
iShares MBS ETF
MBB
$35.6B
| $2.66B | 0.71% |
27,984,290
+81,121
| +0.3% | +$7.75M |
2013 Q2
51 quarters
|
|
19
Alphabet (Google) Class A
GOOGL
$4.3T
| $2.55B | 0.68% |
8,883,479
+187,108
| +2% | +$58.8M |
2015 Q4
41 quarters
|
|
20
BlackRock US Equity Factor Rotation ETF
DYNF
$42.6B
| $2.55B | 0.68% |
43,801,022
-1,330,497
| -3% | -$80.5M |
2023 Q4
9 quarters
|
|
21
Invesco NASDAQ 100 ETF
QQQM
$112B
| $2.5B | 0.66% |
10,526,183
-199,708
| -2% | -$50M |
2021 Q1
20 quarters
|
|
|
22
Vanguard Russell 1000 Value ETF
VONV
$21.9B
| $2.45B | 0.65% |
26,151,759
+14,733,438
| +129% | +$1.42B |
2013 Q2
51 quarters
|
|
23
iShares S&P 500 Growth ETF
IVW
$79.9B
| $2.36B | 0.63% |
20,889,253
+1,072,772
| +5% | +$129M |
2013 Q2
51 quarters
|
|
24
Vanguard Morningstar Growth ETF
VUG
$237B
| $2.36B | 0.63% |
32,374,992
-570,396
| -2% | -$44.4M |
2013 Q2
51 quarters
|
|
25
iShares Core S&P US Growth ETF
IUSG
$34.8B
| $2.23B | 0.59% |
14,379,337
+154,735
| +1% | +$25.5M |
2013 Q2
51 quarters
|
|
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 Miscellaneous at 75% of assets, up from 74% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Vanguard Morningstar 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 Morningstar 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.