# LPL Financial LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1403438. Source: https://holderbook.com/funds/1403438-lpl-financial-llc/

- Reported value: $445.1B
- Positions: 5,997
- Weight of the ten largest: 14.4%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $11.1B | 14,782,609 | 2.5% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $7.9B | 10,606,761 | 1.8% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $7.5B | 9,899,502 | 1.7% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $7.0B | 24,255,694 | 1.6% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $6.9B | 34,302,392 | 1.5% | 31 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $5.6B | 63,355,614 | 1.3% | 31 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $4.8B | 40,632,371 | 1.1% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $4.6B | 47,763,542 | 1.0% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.6B | 6,623,289 | 1.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.1B | 17,124,075 | 0.9% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.0B | 10,760,740 | 0.9% | 31 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $4.0B | 81,072,273 | 0.9% | 17 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $4.0B | 48,071,491 | 0.9% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.8B | 10,308,028 | 0.9% | 31 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $3.7B | 162,613,206 | 0.8% | 31 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $3.6B | 11,727,434 | 0.8% | 22 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $3.3B | 48,787,074 | 0.7% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.3B | 9,098,048 | 0.7% | 31 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $3.2B | 52,010,628 | 0.7% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $3.0B | 15,806,183 | 0.7% | 31 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $3.0B | 21,564,794 | 0.7% | 31 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $2.9B | 13,335,529 | 0.7% | 31 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $2.9B | 27,064,856 | 0.6% | 31 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $2.9B | 33,367,717 | 0.6% | 31 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $2.9B | 62,170,177 | 0.6% | 31 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $2.8B | 34,938,293 | 0.6% | 31 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $2.8B | 59,907,998 | 0.6% | 17 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $2.8B | 14,626,998 | 0.6% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.6B | 6,883,612 | 0.6% | 31 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $2.6B | 27,128,190 | 0.6% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $2.5B | 11,459,495 | 0.6% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.4B | 16,331,080 | 0.5% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.3B | 6,521,116 | 0.5% | 31 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $2.2B | 9,632,373 | 0.5% | 31 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $2.2B | 17,043,233 | 0.5% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.0B | 28,400,304 | 0.5% | 31 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $2.0B | 39,005,504 | 0.4% | 31 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $1.9B | 58,146,645 | 0.4% | 31 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $1.9B | 17,438,274 | 0.4% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.9B | 15,446,900 | 0.4% | 31 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $1.9B | 2,887,567 | 0.4% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.8B | 3,186,464 | 0.4% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.8B | 1,557,834 | 0.4% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.8B | 22,963,213 | 0.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.8B | 3,501,987 | 0.4% | 31 |
| FIRST TR EXCHNG TRADED FD VI | [BUFR](https://holderbook.com/stocks/BUFR/) | $1.7B | 47,463,109 | 0.4% | 19 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.7B | 5,252,268 | 0.4% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.7B | 7,131,746 | 0.4% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.6B | 4,474,651 | 0.4% | 31 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $1.6B | 21,292,882 | 0.4% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.5B | 1,274,807 | 0.3% | 31 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $1.5B | 54,077,529 | 0.3% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.5B | 15,294,726 | 0.3% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.5B | 3,558,386 | 0.3% | 31 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $1.5B | 25,175,605 | 0.3% | 31 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $1.5B | 19,768,745 | 0.3% | 31 |
| CAPITAL GROUP CORE EQUITY ET | [CGUS](https://holderbook.com/stocks/CGUS/) | $1.4B | 32,330,461 | 0.3% | 17 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $1.4B | 15,528,204 | 0.3% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.4B | 2,402,836 | 0.3% | 31 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $1.4B | 26,585,056 | 0.3% | 6 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.4B | 12,757,070 | 0.3% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.4B | 6,396,698 | 0.3% | 31 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $1.3B | 38,293,135 | 0.3% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.3B | 5,055,143 | 0.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.3B | 1,182,150 | 0.3% | 31 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $1.2B | 13,784,927 | 0.3% | 31 |
| INVESCO EXCH TRADED FD TR II | [SPMO](https://holderbook.com/stocks/SPMO/) | $1.2B | 7,669,460 | 0.3% | 27 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.2B | 10,335,429 | 0.3% | 31 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $1.2B | 3,371,900 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.2B | 14,368,916 | 0.3% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.1B | 7,241,202 | 0.3% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $1.1B | 18,594,541 | 0.3% | 16 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.1B | 3,732,504 | 0.3% | 31 |
| FIRST TR EXCHANGE-TRADED FD | [SDVY](https://holderbook.com/stocks/SDVY/) | $1.1B | 26,039,851 | 0.3% | 23 |
| J P MORGAN EXCHANGE TRADED F | [JBND](https://holderbook.com/stocks/JBND/) | $1.1B | 20,847,585 | 0.3% | 9 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $1.1B | 17,650,702 | 0.2% | 31 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $1.1B | 10,881,968 | 0.2% | 18 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $1.1B | 11,266,011 | 0.2% | 31 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $1.1B | 6,546,183 | 0.2% | 31 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $1.1B | 8,635,516 | 0.2% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1B | 1,145,398 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.1B | 19,928,374 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.1B | 33,495,236 | 0.2% | 31 |
| SPDR SERIES TRUST | [SLYG](https://holderbook.com/stocks/SLYG/) | $1.1B | 8,857,722 | 0.2% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.1B | 2,203,052 | 0.2% | 31 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $1.0B | 2,543,875 | 0.2% | 31 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $1.0B | 13,493,721 | 0.2% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.0B | 4,096,323 | 0.2% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.0B | 2,996,401 | 0.2% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.0B | 9,021,503 | 0.2% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $1.0B | 19,992,863 | 0.2% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.0B | 16,888,649 | 0.2% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.0B | 3,301,516 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $987.4M | 5,327,652 | 0.2% | 31 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $981.2M | 7,864,486 | 0.2% | 22 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $980.1M | 4,042,964 | 0.2% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $969.9M | 11,734,683 | 0.2% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $968.7M | 7,082,157 | 0.2% | 31 |
| COLUMBIA ETF TR I | [RECS](https://holderbook.com/stocks/RECS/) | $939.1M | 21,699,028 | 0.2% | 15 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $930.6M | 18,526,302 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.6% | +14.8% | -3.2% | 100% |
| Q1 2026 | -1.9% | -4.6% | +2.7% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.8% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.4% | 100% |
| Q2 2025 | +7.9% | +10.5% | -2.5% | 100% |
| Q1 2025 | -2.7% | -4.6% | +1.9% | 100% |
| Q4 2024 | -0.1% | +2.1% | -2.3% | 100% |
| Q3 2024 | +5.5% | +5.4% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $445.1B | 5,997 |
| Q1 2026 | $376.6B | 5,773 |
| Q4 2025 | $366.2B | 5,658 |
| Q3 2025 | $343.1B | 5,580 |
| Q2 2025 | $299.8B | 5,389 |
| Q1 2025 | $257.1B | 5,209 |
| Q4 2024 | $246.0B | 5,150 |
| Q3 2024 | $224.3B | 5,051 |
| Q2 2024 | $200.8B | 4,903 |
| Q1 2024 | $186.3B | 4,832 |
| Q4 2023 | $165.1B | 4,726 |
| Q3 2023 | $142.8B | 4,626 |