LPL Financial Holdings Inc.: which funds bought and sold

Institutions that bought and sold LPL Financial shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 339 institutions that filed 13F reports for both quarters added to or opened positions in LPL Financial, and 391 cut or closed them. Together they sold a net 309K shares, −0.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 1.9M shares (−5.2%); index fund managers were net sellers of 247K shares (−1.4%). 84 opened a new position and 91 sold out entirely.

Bought, Q2 2026 339 institutions, 84 of them new holders Sold, Q2 2026 391 institutions, 91 of them sold out

Net change, all compared −309K shares (−0.4%)

Net change, active managers −1.9M shares (−5.2%), 49 bought, 34 sold

Buyers versus sellers

institutions compared, 841

339 bought 111 391 sold

Active managers and hedge funds 49 bought · 34 sold · −1.9M

Index fund managers 5 bought · 6 sold · −247K

Other institutions 285 bought · 351 sold · +1.8M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Assenagon Asset Management S.A.	+1.5M +8970.4%	1.5M	$421M
Goldman Sachs Group Inc	+1.3M +370.0%	1.7M	$478M
Marshall Wace, LLP Hedge fund	+976K New position	976K	$275M
Jane Street Group, LLC	+544K +551.5%	642K	$181M
Point72 Asset Management, L.P. Hedge fund	+457K +901.8%	507K	$143M
Dodge & Cox Active manager	+432K +10.4%	4.6M	$1.3B
Castle Hook Partners LP Hedge fund	+407K New position	407K	$115M
BNP Paribas Financial Markets	+403K +888.5%	448K	$126M
Qube Research & Technologies Ltd Hedge fund	+345K New position	345K	$97M
Adage Capital Partners Gp, L.L.C. Hedge fund	+225K +351.6%	289K	$81.4M
Scs Capital Management LLC	+198K +1308.3%	214K	$60.1M
Capricorn Fund Managers Ltd	+195K New position	195K	$54.9M
Longaeva Partners L.P.	+187K New position	187K	$52.6M
Freestone Grove Partners LP Hedge fund	+178K New position	178K	$50.2M
Balyasny Asset Management L.P. Hedge fund	+162K New position	162K	$45.5M
Goldentree Asset Management LP	+155K New position	155K	$43.7M
Susquehanna International Group, LLP	+145K +133.8%	253K	$71.3M
Solel Partners LP	+137K New position	137K	$38.6M
Boston Partners Active manager	+119K +2.9%	4.3M	$1.2B
Hmi Capital Management, L.P.	+119K New position	119K	$33.4M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Marshall Wace, LLP Hedge fund	+976K New position	976K	$275M
Point72 Asset Management, L.P. Hedge fund	+457K +901.8%	507K	$143M
Dodge & Cox Active manager	+432K +10.4%	4.6M	$1.3B
Castle Hook Partners LP Hedge fund	+407K New position	407K	$115M
Qube Research & Technologies Ltd Hedge fund	+345K New position	345K	$97M
Adage Capital Partners Gp, L.L.C. Hedge fund	+225K +351.6%	289K	$81.4M
Freestone Grove Partners LP Hedge fund	+178K New position	178K	$50.2M
Balyasny Asset Management L.P. Hedge fund	+162K New position	162K	$45.5M
Boston Partners Active manager	+119K +2.9%	4.3M	$1.2B
Darlington Partners Capital Management, LP Hedge fund	+100K +11.2%	993K	$280M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Massachusetts Financial Services Co Active manager	−2.4M −62.3%	1.5M	$414M
Lone Pine Capital LLC Hedge fund	−831K −40.5%	1.2M	$343M
Millennium Management LLC Hedge fund	−684K −76.8%	206K	$58.1M
Morgan Stanley	−422K −32.8%	862K	$243M
Jpmorgan Chase & Co	−398K −50.4%	393K	$106M
APG Asset Management N.V.	−335K −43.4%	437K	$108M
Cantillon Capital Management LLC	−325K Sold out	0	—
FMR LLC Active manager	−316K −24.4%	981K	$276M
Citadel Advisors LLC Hedge fund	−281K −30.4%	643K	$181M
Voya Investment Management LLC	−274K −83.3%	55K	$15.5M
Franklin Resources Inc Active manager	−267K −66.5%	135K	$37.9M
Nomura Asset Management International Inc.	−258K −78.4%	71K	$20M
Kayne Anderson Rudnick Investment Management LLC Active manager	−246K −14.6%	1.4M	$404M
Invesco Ltd.	−242K −69.4%	107K	$30M
Blackrock, Inc. Index funds	−241K −4.9%	4.7M	$1.3B
Junto Capital Management LP Hedge fund	−239K Sold out	0	—
American Century Companies Inc Active manager	−205K −42.1%	283K	$79.6M
Alliancebernstein L.P. Active manager	−186K −11.8%	1.4M	$417M
Truist Financial Corp	−154K −75.4%	50K	$14.2M
Ameriprise Financial Inc	−140K −52.8%	125K	$35.2M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Massachusetts Financial Services Co Active manager	−2.4M −62.3%	1.5M	$414M
Lone Pine Capital LLC Hedge fund	−831K −40.5%	1.2M	$343M
Millennium Management LLC Hedge fund	−684K −76.8%	206K	$58.1M
FMR LLC Active manager	−316K −24.4%	981K	$276M
Citadel Advisors LLC Hedge fund	−281K −30.4%	643K	$181M
Franklin Resources Inc Active manager	−267K −66.5%	135K	$37.9M
Kayne Anderson Rudnick Investment Management LLC Active manager	−246K −14.6%	1.4M	$404M
Junto Capital Management LP Hedge fund	−239K Sold out	0	—
American Century Companies Inc Active manager	−205K −42.1%	283K	$79.6M
Alliancebernstein L.P. Active manager	−186K −11.8%	1.4M	$417M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Marshall Wace, LLPHedge fund	976K	$275M
Castle Hook Partners LPHedge fund	407K	$115M
Qube Research & Technologies LtdHedge fund	345K	$97M
Capricorn Fund Managers Ltd	195K	$54.9M
Longaeva Partners L.P.	187K	$52.6M
Freestone Grove Partners LPHedge fund	178K	$50.2M
Balyasny Asset Management L.P.Hedge fund	162K	$45.5M
Goldentree Asset Management LP	155K	$43.7M
Solel Partners LP	137K	$38.6M
Hmi Capital Management, L.P.	119K	$33.4M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Cantillon Capital Management LLC	325K	$97.7M
Junto Capital Management LPHedge fund	239K	$71.8M
Westwood Holdings Group IncActive manager	109K	$32.9M
Lynwood Price Capital Management LP	60K	$17.9M
Artemis Investment Management LLPActive manager	52K	$15.6M
Munich Reinsurance Co Stock Corp In Munich	38K	$11.3M
Donaldson Capital Management, LLC	28K	$8.5M
1248 Management, LLC	14K	$4.2M
Cinctive Capital Management LPHedge fund	14K	$4.1M
Kornitzer Capital Management Inc	14K	$4.1M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 760
Ten largest holders: 41.3%
Index fund managers: 20.6%
Active managers and hedge funds: 41.3%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	49	34	14	9	−1.9M	−5.2%
Index fund managers	5	6	1	0	−247K	−1.4%
Other institutions	285	351	69	82	+1.8M	+7.5%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on LPL Financial.

Only managers that filed a holdings report for both quarters are compared (841 here). 18 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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