LPL Financial LLC
Long book
$376.17B
Q1 2026
Positions
5754
Top-10 weight
14%
concentration
Last quarter
+11.6%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsLPL Financial LLC is a bank/brokerage whose filings mix client and house positions, running a $376.17B US long book across 5754 positions.
The portfolio is broadly diversified across 5754 positions (top 10 only 14%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES CORE S&P 500 ETF, SS SPDR S&P 500 ETF TRUST-US, INVESCO QQQ TRUST SERIES 1, APPLE INC, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.1%
Q2 2024
+6.0%
Q3 2024
+0.5%
Q4 2024
-2.3%
Q1 2025
+8.5%
Q2 2025
+6.9%
Q3 2025
+2.2%
Q4 2025
-1.5%
Q1 2026
+11.6%
Sector allocation
Technology 37%
Industrials 12%
Financials 11%
Consumer discretionary 11%
Healthcare 8%
Utilities 5%
Services media 5%
Energy 4%
Long book by quarter
What does LPL Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 23.7M | $6.01B | 1.6% | +0.4% |
| NVDA NVIDIA CORP | Technology | 33.5M | $5.84B | 1.6% | +1.0% |
| MSFT MICROSOFT CORP | Technology | 10.3M | $3.83B | 1.0% | +3.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 16.8M | $3.49B | 0.9% | +1.7% |
| GOOGL ALPHABET INC-CL A | Technology | 8.9M | $2.55B | 0.7% | +2.2% |
| AVGO BROADCOM INC | Technology | 6.6M | $2.06B | 0.5% | +4.7% |
| GOOG ALPHABET INC-CL C | Technology | 6.2M | $1.79B | 0.5% | +1.4% |
| META META PLATFORMS INC-CLASS A | Technology | 3.1M | $1.77B | 0.5% | +1.7% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.4M | $1.63B | 0.4% | +1.2% |
| JPM JPMORGAN CHASE & CO | Financials | 5.4M | $1.59B | 0.4% | -1.3% |
| TSLA TESLA INC | Industrials | 3.4M | $1.25B | 0.3% | +4.2% |
| XOM EXXON MOBIL CORP | Energy | 7.1M | $1.21B | 0.3% | -2.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.9M | $1.20B | 0.3% | -2.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.1M | $1.11B | 0.3% | +4.4% |
| WMT WALMART INC | Consumer discretionary | 8.9M | $1.11B | 0.3% | +0.6% |
| LLY ELI LILLY & CO | Healthcare | 1.2M | $1.10B | 0.3% | +2.1% |
| CVX CHEVRON CORP | Energy | 4.4M | $900.5M | 0.2% | +5.3% |
| V VISA INC-CLASS A SHARES | Services media | 2.9M | $885.1M | 0.2% | -1.0% |
| ABBV ABBVIE INC | Healthcare | 3.9M | $858.1M | 0.2% | +2.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 5964 | $376.56B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 5869 | $366.18B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 5793 | $343.11B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 5548 | $299.81B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 5344 | $257.15B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 5274 | $246.02B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 5156 | $224.32B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 5007 | $200.77B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 4909 | $186.27B | canonical | SEC ↗ |