LPL Financial LLC
SEC Form 13F institutional filer · CIK 0001403438
13F-HR · 527 reported holdings · 2026-03-31
Financial services firm, provides brokerage and investment advice.
Reported long-US-equity value
$200.48B
Top-10 concentration
46.1%
LPL Financial LLC — $200B AUM allocation strategy
LPL Financial LLC files SEC Form 13F and reports $200B of long US equity value across 527 reported holdings for 2026-03-31.
Its largest sector bet is Financials 13.8%, followed by Information Technology 7.8% and Consumer Discretionary 1.8%.
The top 10 holdings account for 46% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
LPL Financial LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$200B
total across 527 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
46% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$IVV +28.4M sh · +$1.39B+$VTWO +23.4M sh · +$2.24B+$SPYM +7.15M sh · +$358M
Biggest trims (shares)
−$AMCR −5.65M sh · +$10.8M−$VTI −3.75M sh · −$1.41B−$IWM −3.27M sh · −$1.11B
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Asset Management & Custody Banks7.5%—
- Investment Banking & Brokerage3.2%—
- Financial Exchanges & Data3.0%—
- Technology Hardware, Storage & Peripherals3.0%—
- Semiconductors2.9%—
- Systems Software1.9%—
- Broadline Retail1.8%—
- Interactive Media & Services1.3%—
- Other holdings75.5%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
5 of 5 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $IVZ | Invesco Ltd | 204M | $10.5B | +3.75M | 5.2% |
| $SPGI | S&P Global Inc | 76.8M | $6.08B | +2.38M | 3.0% |
| $AAPL | Apple Inc | 23.7M | $6.01B | +89.4K | 3.0% |
| $NVDA | NVIDIA Corporation | 33.5M | $5.84B | +347K | 2.9% |
| $BLK | BlackRock Inc | 64M | $4.67B | +2.09M | 2.3% |
…and 522 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.