LPL Financial Holdings Inc. bonds LPLA
Who owns LPL Financial Holdings Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. LPLA stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 50212YAJ3 | 5.7% fixed | 2027-05-20 | USD | 100.76 | 4.72% | 76 bp | 25 | $58.7M | Jul 2026 |
| 50212YAC8 | 4.625% fixed | 2027-11-15 | USD | 99.43 | 5.08% | 98 bp | 18 | $87.3M | Jul 2026 |
| 50212YAN4 | 4.9% fixed | 2028-04-03 | USD | 99.97 | 4.92% | 75 bp | 16 | $25.6M | Jul 2026 |
| 50212YAH7 | 6.75% fixed | 2028-11-17 | USD | 103.70 | 5.02% | 79 bp | 29 | $47.4M | Jul 2026 |
| 50212YAD6 | 4% fixed | 2029-03-15 | USD | 97.12 | 5.19% | 94 bp | 20 | $77.9M | Jul 2026 |
| 50212YAL8 | 5.2% fixed | 2030-03-15 | USD | 99.88 | 5.23% | 95 bp | 25 | $67.6M | Jul 2026 |
| 50212YAP9 | 5.15% fixed | 2030-06-15 | USD | 99.59 | 5.27% | 98 bp | 24 | $15.3M | Jul 2026 |
| 50212YAF1 | 4.375% fixed | 2031-05-15 | USD | 95.21 | 5.53% | 120 bp | 10 | $66.1M | Jul 2026 |
| 50212YAK0 | 6% fixed | 2034-05-20 | USD | 100.74 | 5.88% | 138 bp | 14 | $32.2M | Jul 2026 |
| 50212YAM6 | 5.65% fixed | 2035-03-15 | USD | 97.58 | 6.01% | 148 bp | 24 | $39.3M | Jul 2026 |
| 50212YAQ7 | 5.75% fixed | 2035-06-15 | USD | 98.35 | 5.99% | 144 bp | 15 | $26.6M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 11 | $543.9M | 99.59 | 5.25% | 98 bp | 29 |
| Jun 2026 | 11 | $1.35B | 100.18 | 5.09% | 98 bp | 60 |
| May 2026 | 11 | $649.3M | 100.35 | 4.98% | 95 bp | 34 |
| Apr 2026 | 11 | $541.7M | 100.62 | 4.96% | 118 bp | 30 |
| Mar 2026 | 11 | $1.42B | 100.34 | 5.05% | 132 bp | 58 |
| Feb 2026 | 11 | $678.5M | 101.62 | 4.61% | 100 bp | 33 |
| Jan 2026 | 11 | $537.1M | 101.90 | 4.63% | 91 bp | 30 |
| Dec 2025 | 11 | $1.40B | 102.00 | 4.62% | 99 bp | 54 |
| Nov 2025 | 11 | $698.2M | 102.25 | 4.61% | 106 bp | 34 |
| Oct 2025 | 11 | $518.0M | 101.91 | 4.75% | 120 bp | 30 |
| Sep 2025 | 11 | $1.39B | 101.89 | 4.71% | 112 bp | 60 |
| Aug 2025 | 11 | $692.5M | 101.51 | 4.65% | 91 bp | 33 |
| Jul 2025 | 11 | $507.1M | 101.12 | 4.91% | 102 bp | 29 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 54 added, 76 cut, 20 new holders and 29 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $223.0M | $223.4M | $0 |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $137.1M | $138.8M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $131.3M | $130.9M | $0 |
| Janus Henderson Balanced Fund Janus Investment Fund | 2026-06-30 | $80.9M | $82.4M | -$22.2M |
| Income Fund of America | 2026-07-31 | $63.3M | $61.6M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $56.7M | $57.7M | -$5.3M |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $56.0M | $55.4M | $0 |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $53.9M | $54.1M | $0 |
| MFS Income Fund MFS Series Trust VIII | 2026-07-31 | $49.9M | $48.2M | $0 |
| Janus Henderson Short Duration Income ETF Janus Detroit Street Trust | 2026-07-31 | $46.7M | $46.7M | $0 |
| MFS Corporate Bond Fund MFS Series Trust IX | 2026-07-31 | $46.1M | $44.8M | $0 |
| Guggenheim Total Return Bond Fund Guggenheim Funds Trust | 2026-06-30 | $42.9M | $42.9M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $41.2M | $41.8M | -$4.8M |
| PGIM Short-Term Corporate Bond Fund Prudential Short-Term Corporate Bond Fund, Inc. | 2026-06-30 | $39.7M | $41.2M | $0 |
| MFS Total Return Bond Fund MFS Series Trust IX | 2026-07-31 | $40.9M | $40.6M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $39.3M | $39.6M | -$6.3M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $33.4M | $34.1M | -$9.8M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $33.3M | $33.3M | -$13.7M |
| MFS Limited Maturity Fund MFS Series Trust IX | 2026-07-31 | $32.1M | $32.1M | $0 |
| Aristotle Strategic Income Fund Aristotle Fund Series Trust | 2026-06-30 | $31.2M | $31.1M | $0 |
| Janus Henderson VIT Balanced Portfolio Janus Aspen Series | 2026-06-30 | $28.1M | $28.6M | -$7.7M |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $27.0M | $26.9M | $0 |
| American High Income Trust | 2026-06-30 | $27.3M | $26.6M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $25.6M | $25.7M | -$3.2M |
| Thornburg Strategic Income Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $26.0M | $25.4M | $2.0M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Avantis Core Fixed Income ETF ($7.0M), Transamerica Bond ($4.8M), Transamerica Aegon Bond VP ($4.8M), T. Rowe Price New Income Fund, Inc. ($3.5M), DoubleLine Low Duration Bond Fund ($3.3M), Doubleline Shiller Enhanced CAPE ($1.6M), Transamerica Core Bond ($1.5M), Transamerica Aegon Core Bond VP ($1.1M), Avantis Core Fixed Income Fund ($875K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($809K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 6 | $56.7M | $57.7M | 0.01% |
| VNLA Janus Henderson Short Duration Income ETF | 2026-07-31 | 3 | $46.7M | $46.7M | 1.39% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $39.3M | $39.6M | 0.06% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $33.4M | $34.1M | 0.07% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $25.6M | $25.7M | 0.12% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 2 | $23.8M | $24.4M | 0.34% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 8 | $19.2M | $19.5M | 0.01% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 3 | $19.4M | $18.9M | 0.34% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 4 | $16.7M | $17.1M | 0.02% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $14.2M | $14.2M | 0.03% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 11 | $13.7M | $13.7M | 0.08% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $10.8M | $10.9M | 0.06% |
| BOND PIMCO Active Bond Exchange-Traded Fund | 2026-06-30 | 3 | $10.6M | $10.8M | 0.13% |
| BSCS Invesco BulletShares 2028 Corporate Bond ETF | 2026-05-31 | 2 | $10.2M | $10.5M | 0.30% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 7 | $9.5M | $9.5M | 0.08% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 98 bp spread prices in about 1.6% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in LPLA's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 82 | $236.0M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 757 | $23.10B | 12 | $28.2M | 19 | $91.5M | 0 |
| 2026-03-31 | 752 | $21.70B | 16 | $70.6M | 14 | $64.0M | 0 |
| 2025-12-31 | 811 | $28.51B | 9 | $100.2M | 15 | $72.7M | 0 |
| 2025-09-30 | 750 | $25.99B | 12 | $51.3M | 13 | $72.3M | 0 |
| 2025-06-30 | 792 | $29.55B | 12 | $35.8M | 12 | $42.9M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.