LPL Financial LLC

LPL Financial's 13F book grew to $376.6B in Q1 2026 from $366.2B, and its composition is dominated by ETF building blocks: iShares Core S&P 500 (2.01%), SPDR S&P 500 (1.76%), and Invesco QQQ (1.63%) lead, with Apple (1.60%) and Nvidia (1.55%) the largest single names. The quarter's activity was mostly intra-ETF rotation — Vanguard Total Stock Market (-$1.4B), VOO (-$447M), and SPY (-$446M) were trimmed while iShares EAFE (+$518M) and the iShares Treasury ETF GOVT (+$486M) were built. New positions opened in QQQ, Vanguard Russell 1000 value/growth wrappers, and a T-bill ETF.