Barry speaks with Rich Steinmeier, CEO of LPL Financial. They discuss his early career learnings at McKinsey. They also discuss LPL's $2.7 billion acquisition of Commonwealth, and the evolving relationship of AI and financial advice. (Source: Bloomberg)
LPLA LPL Financial Holdings Inc.
XNAS
283.74
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
LPLA
$283.74
—
Key stats
$283.74
- 52-Week Range
- $260.15 – $400.16
- YTD
- -21.54%
- IV Rank (30D)
- 61.39
- Straddle Price
- $23.40
- P/C Vol Ratio
- 0.91
- Market Cap
- $21.9B
- Open
- $280.27
- Day Range
- $272.25 – $286.60
- Volume
- 2,171,035
- Prev Close
- $279.54
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.99% |
| Beta vs SPY | 0.94 |
| Cost of Equity (CAPM) | 9.68% (VRP-adj) |
| WACC | 8.64% |
| Volatility Risk Premium | +9.3pp (IV − HV30) |
| Effective Tax Rate | 26.0% |
| Rev. Growth (YoY, DCF input) | +28.8% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.9B |
| Return on Equity (TTM) | 17.5% |
| Book / Price | 25.4% |
| Gross Margin (TTM) | 97.7% |
| FCF Margin (TTM) | -5.1% |
| Debt / Equity | 1.26 |
| Quality Score | 3/6 — normal (10y DCF) |
| SMA 50 | $331.66 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $318.46 |
| Bollinger Width / SMA20 | 6.2% (drives anchor stability) |
| Net Debt | $4.5B |
| Market Cap | $22B |
Peers used for multiples: CBOE, CME, COIN, GS, ICE, MS, NDAQ, SCHW
60-Day Conviction
56%
20-Day Fair Value
≈ by Nov 30, 2026
$282.33
α -0.5%
rank 22%
conviction
32%
40-Day Fair Value
≈ by Dec 29, 2026
$286.40
α +0.9%
rank 20%
conviction
31%
60-Day Fair Value
≈ by Jan 27, 2027
$288.59
α +1.7%
rank 25%
conviction
56%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $33.67 | 0% | |
| Peer P/E | $267.81 | 10% | median 21.7× · 7 peers |
| Peer EV/EBITDA | $290.02 | 10% | median 20.7× · 8 peers |
| Peer P/B | $224.77 | 2% | median 3.2× · 8 peers |
| Peer P/S | $1542.79 | 7% | median 6.2× · 8 peers |
| Market Anchor (SMA50) | $331.66 | 47% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $279.48 | 23% | 28 strikes · skew +0.45 |
As of 2026-10-30 · updated
Related
About
- Industry (SIC)
- SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES (6200) · industry map
- Exchange
- XNAS
- Market Cap
- $21.9B
- Employees
- 10,081
- List Date
- 2010-11-18
- CIK
- 0001397911
- Headquarters
- San Diego, CA
- Homepage
- https://www.lpl.com
LPL Financial is the largest US independent broker/dealer, with more than 32,000 financial advisors, roughly 11 million customer accounts, and roughly $2.4 trillion in client assets under management or advisory affiliated with its platform at the end of 2025. The firm earns the lion share of its profit from interest income earned on client cash balances and from advisory fees, commissions, and asset-based fees. LPL specializes in providing turnkey wealth management services for affiliated independent advisors, but maintains a diverse array of affiliation modalities, running the gamut from more…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 4.84% | 5.85% | 9.17% | 3.66% | 11.86% | 0.79% | 6.03% |
| Feb | 18.59% | 2.02% | 5.95% | 11.41% | 2.08% | -20.18% | 3.31% |
| Mar | 5.05% | 10.51% | -20.25% | -0.77% | -8.84% | -1.69% | -2.67% |
| Apr | 9.25% | 2.45% | 5.69% | 1.04% | -4.49% | 15.51% | 4.91% |
| May | -3.68% | 2.99% | -7.87% | 7.80% | 19.48% | -14.08% | 0.77% |
| Jun | -8.70% | -3.94% | 11.05% | -2.32% | -2.20% | 2.41% | -0.62% |
| Jul | 0.15% | 15.83% | 4.01% | -21.47% | 6.08% | 19.98% | 4.10% |
| Aug | 6.89% | 6.92% | -1.09% | 4.47% | -1.47% | 2.72% | 3.07% |
| Sep | 5.00% | -1.79% | 1.41% | 5.88% | -8.31% | -14.49% | -2.05% |
| Oct | 2.40% | 13.34% | -5.74% | 22.77% | 19.03% | -9.10%* | 7.12% |
| Nov | -5.44% | -8.86% | 1.75% | 15.79% | -6.04% | -- | -0.56% |
| Dec | 3.46% | -7.18% | 2.54% | 0.80% | -0.31% | -- | -0.14% |
| Total | 41.30% | 41.06% | 2.34% | 51.76% | 24.13% | -22.99% | 22.93% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $316.83
SMA 50: $330.25
SMA 200: $322.54
Current: $283.74
EMA 12: $303.62
EMA 26: $314.30
MACD: -10.6810 | Signal: -4.1238
BEARISH
ADX (14): 30.91
TREND
+DI: 12.96
−DI: 38.09
Momentum Oscillators
RSI (14): 33.19
NEUTRAL
Stoch %K: 14.09
Stoch %D: 14.57
Williams %R: -75.76
Volume & Volatility
BB Upper: $351.74
BB Lower: $281.92
NEUTRAL
OBV: 17,684,633
Vol SMA 20: 1,121,208
Vol ROC: 175.54%
ATR: $12.54
True Range: $14.35
HV 20: 66.1%
HV 30: 60.1%
HV 60: 45.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-01T00:00:00 – 2026-10-30T00:00:00
AI Analysis
LLMA Stock Analysis Report
Executive Summary
- Overall assessment: NEUTRAL with confidence level (6/10)
- Key drivers: Technical momentum signals, options market sentiment
- Primary risks: Volatility, regulatory concerns
- 2-3 sentence investment thesis: LPLA is trading within a consolidation range, with mixed technical and fundamental signals. The stock's recent price action is driven by the options market's expectation of a potential move around earnings.
- Recent news sentiment impact: Positive headlines have been neutralized by the overall mixed sentiment.
Technical Analysis
- Trend Direction: Short-term (1-4 weeks) - NEUTRAL, Medium-term (1-3 months) - BULLISH
- Support/Resistance Levels: $327.11 (SMA 20), $342.89 (SMA 50), $351.60 (SMA 200)
- Momentum Signals:
- RSI interpretation: Neutral (54.59)
- MACD signal: Bearish
- Bollinger Bands position: Squeeze
- Volume Analysis: Volume trends suggest institutional interest, with a volume rate of change of 69.67%
News & Sentiment Analysis
- Recent Headlines Summary: Positive headlines on Harbour Investments' increased holdings in LPL Financial, but neutralized by mixed sentiment from recent earnings and regulatory concerns.
- Sentiment Assessment: NEUTRAL
- Catalyst Identification: Earnings date (2025-10-23) is the primary catalyst
- Market Narrative: News sentiment aligns with technical signals, indicating a potential consolidation period
Risk & Volatility Assessment
- Beta Interpretation: Above-average risk relative to market (beta 1.19)
- Volatility Regime: High volatility - stock moves with market amplification
- Options Market Signals:
- IV rank: Low (22.2%)
- Put/Call volume ratio: Bullish (0.20)
- Open interest: Slightly bullish (108 calls vs 89 puts)
- Downside Protection: Support levels at $327.11 and $307.09
Market Context & Positioning
- Sector Performance: LPLA is outperforming the Financial sector
- Institutional Activity: Institutional volume flows suggest interest in the stock
- Correlation Analysis: R-squared interpretation: 0.63 (strong correlation with market)
- Relative Valuation: LPLA is trading within its historical range
Key Levels & Action Items
- Critical Price Levels: $327.11, $342.89, and $351.60
- Breakout/Breakdown Levels: $347.13 (upper Bollinger Band) and $307.09 (lower Bollinger Band)
- Time-Sensitive Catalysts: Earnings date (2025-10-23)
- Risk Management: Stop-loss levels at $315.00 and position sizing considerations for risk management
By analyzing the provided data, I have concluded that LPLA is trading within a consolidation range, with mixed technical and fundamental signals. The stock's recent price action is driven by the options market's expectation of a potential move around earnings. As a result, it is essential to monitor key levels, institutional activity, and market sentiment for further direction.
Generated
News
All LPLA news →
Barry speaks with Rich Steinmeier, CEO of LPL Financial. They discuss his early career learnings at McKinsey. They also discuss LPL's $2.7 billion acquisition of Commonwealth, and the evolving relationship of AI and financial advice. (Source: Bloomberg)
Commonwealth integration on track for mid-November as advisory assets hit $1.6 trillion.
The S&P 500 bull market turns 4 and the index is holding above 7,800, so LPL Financial’s Adam Turnquist breaks down the key levels to watch, from the 7,600 pullback zone to the 8,000 target. He also covers Nvidia, Microsoft, Citigroup and this week’s big bank earnings, and…
Earnings History
19 of 24 under expected move
Avg Expected Move
8.52%
Avg Actual Move
4.66%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-04 | After-Close | 7.37% | 6.53% | 0.89x | Within |
| 2021-04-29 | After-Close | 17.30% | 1.18% | 0.07x | Within |
| 2021-07-29 | After-Close | 5.00% | 2.02% | 0.40x | Within |
| 2021-10-28 | After-Close | 6.10% | 6.13% | 1.00x | Exceeded |
| 2022-02-03 | After-Close | 10.81% | 4.79% | 0.44x | Within |
| 2022-04-28 | After-Close | 12.86% | 2.77% | 0.22x | Within |
| 2022-08-02 | After-Close | 8.34% | 2.80% | 0.34x | Within |
| 2022-10-27 | After-Close | 8.92% | 3.11% | 0.35x | Within |
| 2023-02-02 | After-Close | 6.73% | 4.63% | 0.69x | Within |
| 2023-04-27 | After-Close | 8.82% | 2.87% | 0.33x | Within |
| 2023-07-27 | After-Close | 7.05% | 4.23% | 0.60x | Within |
| 2023-10-26 | After-Close | 7.89% | 0.21% | 0.03x | Within |
| 2024-02-01 | After-Close | 6.32% | 4.47% | 0.71x | Within |
| 2024-04-30 | After-Close | 6.63% | 1.35% | 0.20x | Within |
| 2024-07-25 | After-Close | 10.22% | 7.51% | 0.73x | Within |
| 2024-10-30 | After-Close | 8.35% | 6.88% | 0.82x | Within |
| 2025-01-30 | After-Close | 6.80% | 1.41% | 0.21x | Within |
| 2025-05-08 | After-Close | 6.25% | 6.32% | 1.01x | Exceeded |
| 2025-07-31 | After-Close | 6.00% | 6.52% | 1.09x | Exceeded |
| 2025-10-30 | After-Close | 8.74% | 11.47% | 1.31x | Exceeded |
| 2026-01-29 | After-Close | 8.34% | 0.49% | 0.06x | Within |
| 2026-04-30 | After-Close | 9.38% | 4.64% | 0.49x | Within |
| 2026-07-30 | After-Close | 10.07% | 4.28% | 0.43x | Within |
| 2026-10-27 | After-Close | 10.16% | 15.23% | 1.50x | Exceeded |
Earnings calendar: this week’s reports with expected vs actual moves →
LPLA Options Activity & IV Rank
LPLA IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 41.2%
7-DTE IV: 42.1%
Expected Move: $23.40
7-DTE Move: $23.40
Days to Exp: 21 (2026-11-20)
Options Flow
Call Volume: 339
Put Volume: 309
P/C Volume: 0.912
NEUTRAL
Call OI: 1,561
Put OI: 1,500
P/C OI: 0.961
Total OI: 3,061
ATM Options Pricing
ATM Call: $13.65
ATM Put: $9.75
Call %: 4.8%
Put %: 3.4%
Chain Summary
Chain Volume: 2,204
Chain OI: 9,127
Last Updated: 10/30/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 12th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
12%
vs own history
GEX tilt
-0.43
OI-weighted, today
Vanna tilt
+0.02
δ-sensitivity to IV
Charm tilt
-0.10
δ-decay vs time
? What is this?
· 35 ATM contracts, 4k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 30 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 30 · No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)42.3MediumOct 30
IV Rank (30 DTE)61.4MediumOct 30
Straddle Price (30 DTE)$23.40Oct 30
Beta Analysis
Risk Metrics
Beta: 0.8443
Alpha: -19.31%
Correlation: 0.2709
R-Squared: 7.3%
Stock Volatility: 39.9%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
Notable investors who own LPLA
8 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Lone Pine Capital Hedge fund Stephen Mandel | $343.4M | #22 of 34 | -40.5% | 13F | |
| Citadel Hedge fund Ken Griffin | $181.1M | #220 of 6285 | -30.4% | 13F | |
| Markel Group Holding company Tom Gayner | $173.1M | #20 of 145 | +1.1% | 13F | |
| Point72 Hedge fund Steve Cohen | $142.9M | #107 of 1945 | +901.8% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $58.1M | #544 of 3716 | -76.8% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $42.7M | #390 of 3138 | +25.8% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $1.9M | #718 of 997 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $1.3M | #1563 of 4729 | -26.2% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
LPLA Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 80,059,250 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
17 filers$72.09M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Millennium Management LLC Custodian | $23.41M | 32.47% | 2026-06-30 |
| 2 | Prana Capital Management, LP | $8.45M | 11.72% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $7.80M | 10.82% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $6.90M | 9.57% | 2026-06-30 |
| 5 | Squarepoint Ops LLC | $6.56M | 9.10% | 2026-06-30 |
| 6 | Susquehanna International Group, LLP Custodian | $5.75M | 7.97% | 2026-06-30 |
| 7 | Wolverine Trading, LLC Custodian | $3.37M | 4.68% | 2025-09-30 |
| 8 | Jefferies Financial Group Inc. | $2.68M | 3.71% | 2026-06-30 |
| 9 | Interval Partners, LP | $1.77M | 2.46% | 2026-06-30 |
| 10 | Walleye Capital LLC | $1.44M | 1.99% | 2026-06-30 |
| 11 | Cubist Systematic Strategies, LLC | $1.03M | 1.43% | 2025-09-30 |
| 12 | Two Sigma Investments, LP Custodian | $676.03K | 0.94% | 2026-06-30 |
| 13 | Walleye Trading LLC | $647.86K | 0.90% | 2026-06-30 |
| 14 | D. E. Shaw & Co., Inc. Custodian | $563.36K | 0.78% | 2026-06-30 |
| 15 | Volterra Technologies LP | $394.35K | 0.55% | 2026-06-30 |
| 16 | PEAK6 LLC | $338.02K | 0.47% | 2026-06-30 |
| 17 | TUDOR INVESTMENT CORP ET AL | $309.85K | 0.43% | 2026-06-30 |
12 filers$32.98M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $10.34M | 31.34% | 2026-06-30 |
| 2 | Wolverine Trading, LLC Custodian | $5.72M | 17.35% | 2025-09-30 |
| 3 | Susquehanna International Group, LLP Custodian | $5.69M | 17.25% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $4.25M | 12.90% | 2026-06-30 |
| 5 | Walleye Capital LLC | $1.77M | 5.38% | 2026-06-30 |
| 6 | Schonfeld Strategic Advisors LLC | $1.41M | 4.27% | 2026-06-30 |
| 7 | Millennium Management LLC Custodian | $1.10M | 3.33% | 2026-06-30 |
| 8 | Cubist Systematic Strategies, LLC | $1.06M | 3.23% | 2025-09-30 |
| 9 | MAI Capital Management | $704.20K | 2.13% | 2026-06-30 |
| 10 | Two Sigma Investments, LP Custodian | $563.36K | 1.71% | 2026-06-30 |
| 11 | Greenland Capital Management LP | $225.34K | 0.68% | 2026-06-30 |
| 12 | Twin Tree Management, LP | $140.84K | 0.43% | 2026-06-30 |
LPLA Insider Trading (Form 4)
Latest: 2026-09-14Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-14 | Katharine Reeping | Principal Accounting Officer | Sell (S) | −439 | $347.88 | -$153.0K | EDGAR |
| 2026-09-08 | Emily Field | Group Managing Director | Tax (F) | −106 | $359.33 | -$38.1K | EDGAR |
| 2026-09-01 | James S Putnam | Director | Award (A) | +7 | — | EDGAR | |
| 2026-09-01 | Edward C Bernard | Director | Award (A) | +3 | — | EDGAR | |
| 2026-09-01 | Corey E. Thomas | Director | Award (A) | +4 | — | EDGAR | |
| 2026-09-01 | Richard P Schifter | Director | Award (A) | +14 | — | EDGAR | |
| 2026-09-01 | Paulett Eberhart | Director | Award (A) | +4 | — | EDGAR | |
| 2026-09-01 | William Francis Glavin Jr | Director | Award (A) | +10 | — | EDGAR | |
| 2026-09-01 | Allison Mnookin | Director | Award (A) | +2 | — | EDGAR | |
| 2026-08-31 | Aneri Jambusaria | Group Managing Director | Sell (S) | −308 | $357.36 | -$110.1K | EDGAR |
| 2026-08-21 | Greg Gates | Group Managing Director | Mixed | +3,070 | $178.74 | -$906.4K | EDGAR |
| 2026-08-04 | James S Putnam | Director | Gift (G) | −2,000 | — | EDGAR | |
| 2026-08-04 | Matthew Enyedi | Group Managing Director | Sell (S) | −1,000 | $352.72 | -$352.7K | EDGAR |
| 2026-06-22 | Aneri Jambusaria | Group Managing Director | Sell (S) | −308 | $306.00 | -$94.2K | EDGAR |
| 2026-06-15 | Marc Eliot Cohen | Group Managing Director | Tax (F) | −44 | $295.66 | -$13.0K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
LPLA Insider Holdings
21 insiders · @ $283.74
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | James S Putnam | Director | 135,297 | $38.39M | -$22.29M | 69 | 2026-09-01 |
| 2 | Richard P Schifter | Director | 39,631 | $11.25M | $0 | 63 | 2026-09-01 |
| 3 | Anne M Mulcahy | Director | 37,083 | $10.52M | $0 | 16 | 2026-05-19 |
| 4 | Richard Steinmeier | Chief Executive Officer | 28,393 | $8.06M | -$8.28M | 20 | 2026-02-27 |
| 5 | William Francis Glavin Jr | Director | 26,849 | $7.62M | $449.3K | 50 | 2026-09-01 |
| 6 | Greg Gates | Group Managing Director | 23,602 | $6.70M | -$7.79M | 20 | 2026-08-21 |
| 7 | Matthew J Audette | President and CFO | 21,052 | $5.97M | -$49.58M | 30 | 2026-04-16 |
| 8 | Paulett Eberhart | Director | 17,764 | $5.04M | $0 | 49 | 2026-09-01 |
| 9 | Edward C Bernard | Director | 16,262 | $4.61M | $0 | 33 | 2026-09-01 |
| 10 | Corey E. Thomas | Director | 14,912 | $4.23M | $0 | 38 | 2026-09-01 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
LPLA Board & Officers
As of SEC filings through Sep 14, 2026Directors 10
- Richard P Schifter · since Jun 29, 2007
- James S Putnam · since Jul 2, 2007
- Anne M Mulcahy · since May 8, 2013
- Paulett Eberhart · since Nov 21, 2014
- William Francis Glavin Jr · since May 17, 2017
- Allison Mnookin · since Jun 1, 2018
- Corey E. Thomas · since May 8, 2019
- Edward C Bernard · since May 6, 2020
- Albert J Ko · since Jan 9, 2023
- Somesh Khanna · since Jan 5, 2026
Officers 9
- Richard Steinmeier · Chief Executive Officer · listed since Feb 2025
- Matthew J Audette · President and CFO · listed since Feb 2025
- Katharine Reeping · Principal Accounting Officer · since Feb 28, 2025
- Aneri Jambusaria · Group Managing Director · listed since Jun 2025
- Greg Gates · Group Managing Director · listed since Jun 2025
- Marc Eliot Cohen · Group Managing Director · listed since Jun 2025
- Emily Field · Group Managing Director · since Aug 4, 2025
- Matthew Morningstar · Group Managing Director · since Dec 8, 2025
- Matthew Enyedi · Group Managing Director · listed since Feb 2026
Changes in the last 10 years (46)
| Feb 27, 2026 | Matthew Enyedi listed as Group Managing Director (previously Managing Director) in SEC filings |
| Jan 5, 2026 | Somesh Khanna became a director |
| Dec 8, 2025 | Matthew Morningstar became Group Managing Director |
| Aug 4, 2025 | Emily Field became Group Managing Director |
| Jun 16, 2025 | Marc Eliot Cohen listed as Group Managing Director (previously Managing Director) in SEC filings |
| Jun 9, 2025 | Greg Gates listed as Group Managing Director (previously Managing Director) in SEC filings |
| Jun 4, 2025 | Aneri Jambusaria listed as Group Managing Director (previously Managing Director) in SEC filings |
| Feb 28, 2025 | Katharine Reeping became Principal Accounting Officer |
| Feb 20, 2025 | Richard Steinmeier listed as Chief Executive Officer (previously Managing Director) in SEC filings |
| Feb 7, 2025 | Matthew J Audette listed as President and CFO (previously CFO and Head of Business Ops) in SEC filings |
| Dec 16, 2024 | Marc Eliot Cohen became Managing Director |
| Oct 1, 2024 | The company announced the departure of Dan H. Arnold from the board in an SEC filing |
| Feb 26, 2024 | The company announced the departure of Kabir Sethi as Managing Director in an SEC filing |
| Feb 7, 2024 | Matthew J Audette listed as CFO and Head of Business Ops (previously Chief Financial Officer) in SEC filings |
| Jan 2, 2024 | Sara Dadyar became Managing Director |
| Sep 5, 2023 | Althea Brown became Managing Director |
| Feb 13, 2023 | The company announced the departure of Dayton Semerjian as Managing Director in an SEC filing |
| Feb 8, 2023 | Aneri Jambusaria became Managing Director |
| Jan 9, 2023 | Albert J Ko became a director |
| May 2, 2022 | Kabir Sethi became Managing Director |
| Jul 30, 2021 | Greg Gates became Managing Director |
| Feb 11, 2021 | Brent Simonich became EVP, CAO and Treasurer |
| Jan 19, 2021 | Edward Fandrey became Managing Director |
| May 6, 2020 | Edward C Bernard became a director |
| Jan 1, 2020 | Matthew Enyedi became Managing Director |
| May 8, 2019 | Corey E. Thomas became a director |
| Mar 15, 2019 | Thomas Gooley reported in an SEC filing no longer being Managing Director |
| Feb 28, 2019 | Dayton Semerjian became Managing Director |
| Aug 13, 2018 | Richard Steinmeier became Managing Director |
| Jun 1, 2018 | Allison Mnookin became a director |
| Aug 23, 2017 | Scott Seese listed as Managing Director (previously MD, Chief Information Officer) in SEC filings |
| Jul 10, 2017 | Scott Seese became MD, Chief Information Officer |
| May 17, 2017 | William Francis Glavin Jr became a director |
| Mar 6, 2017 | Mark S Casady reported in an SEC filing no longer being a director |
| Feb 28, 2017 | William P. Morrissey Jr. listed as Managing Director (previously MD, Business Development) in SEC filings |
| Feb 28, 2017 | Victor Fetter listed as Managing Director (previously MD, Chief Information Officer) in SEC filings |
| Feb 28, 2017 | Tracy Calder listed as Managing Director (previously MD, Deputy Chief Risk Officer) in SEC filings |
| Feb 28, 2017 | Thomas Gooley listed as Managing Director (previously MD, Svc, Trading & Operations) in SEC filings |
| Feb 28, 2017 | Sallie R. Larsen listed as Managing Director (previously MD, Chief Human Cap. Officer) in SEC filings |
| Feb 28, 2017 | Michelle Oroschakoff listed as Managing Director (previously MD, Chief Risk Officer) in SEC filings |
| Feb 28, 2017 | John Andrew Kalbaugh listed as Managing Director (previously MD,Rel. Mgmt & Bus. Consulting) in SEC filings |
| Feb 28, 2017 | George Burton White listed as Managing Director (previously MD, Research) in SEC filings |
| Feb 28, 2017 | David P. Bergers listed as Managing Director (previously MD, Legal & Gov't Relations) in SEC filings |
| Feb 15, 2017 | Mark S Casady no longer listed as Chairman & Chief Exec. Officer in SEC filings |
| Feb 15, 2017 | Dan H. Arnold listed as President & CEO (previously President) in SEC filings |
| Feb 15, 2017 | Dan H. Arnold first listed as a director in an SEC filing |
Not reported recently (18)
- Althea Brown · Last reported as Managing Director in an SEC filing dated Feb 27, 2025
- Sara Dadyar · Last reported as Managing Director in an SEC filing dated Feb 27, 2025
- Dan H. Arnold · Last reported as President & CEO in an SEC filing dated Jun 18, 2024
- Sallie R. Larsen · Last reported as Managing Director in an SEC filing dated Nov 14, 2023
- Michelle Oroschakoff · Last reported as Managing Director in an SEC filing dated Feb 28, 2023
- Brent Simonich · Last reported as EVP, CAO and Treasurer in an SEC filing dated Feb 28, 2023
- George Burton White · Last reported as Managing Director in an SEC filing dated Mar 1, 2022
- Edward Fandrey · Last reported as Managing Director in an SEC filing dated Mar 1, 2022
- Scott Seese · Last reported as Managing Director in an SEC filing dated Jun 16, 2021
- John Andrew Kalbaugh · Last reported as Managing Director in an SEC filing dated Mar 1, 2021
- James S Riepe · Last reported as a director in an SEC filing dated Apr 2, 2020
- Tracy Calder · Last reported as Managing Director in an SEC filing dated Nov 26, 2019
- Viet D Dinh · Last reported as a director in an SEC filing dated Aug 27, 2018
- William P. Morrissey Jr. · Last reported as Managing Director in an SEC filing dated Mar 15, 2018
- Marco Hellman · Last reported as a director in an SEC filing dated Mar 8, 2018
- John Joseph Brennan · Last reported as a director in an SEC filing dated Mar 28, 2017
- David P. Bergers · Last reported as Managing Director in an SEC filing dated Mar 15, 2017
- Victor Fetter · Last reported as Managing Director in an SEC filing dated Mar 8, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
LPLA Proposed Insider Sales (Form 144)
Latest: 2026-09-11
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
4 filings
· $2.1M notice value
· 4 unique filers
· 50% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Gates Greg (1, $1.5M) · Enyedi Matthew (1, $353K) · Reeping Katharine (1, $153K) · Jambusaria Aneri (1, $110K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-11 | Reeping Katharine | Officer | 440 | $153.0K | 2026-09-11 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-27 | Jambusaria Aneri | Officer | 308 | $110.1K | 2026-08-27 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-08-20 | Gates Greg | Officer | 4,119 | $1.46M | 2026-08-20 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-07-31 | Enyedi Matthew | Officer | 1,000 | $352.7K | 2026-07-31 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-06-17 | Jambusaria Aneri | Officer | 308 | $94.2K | 2026-06-17 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-04-15 | Audette Matthew J | Officer | 1,110 | $366.3K | 2026-04-15 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-04-14 | Audette Matthew J | Officer | 469 | $152.6K | 2026-04-14 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-03-10 | Cohen Marc Eliot | Officer | 1,089 | $337.0K | 2026-03-10 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-03-09 | Cohen Marc Eliot | Officer | 2,212 | $683.0K | 2026-03-09 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-03-02 | Jambusaria Aneri | Officer | 308 | $94.2K | 2026-03-02 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-15
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-15 | 0001628280-26-035566 | EDGAR |
| 2026-04-30 | 0001628280-26-028890 | EDGAR |
| 2026-01-29 | 0001628280-26-004112 | EDGAR |
| 2026-01-08 | 0001193125-26-007083 | EDGAR |
| 2025-10-30 | 0001628280-25-047543 | EDGAR |
| 2025-08-01 | 0001193125-25-171084 | EDGAR |
| 2025-07-31 | 0001397911-25-000119 | EDGAR |
| 2025-07-03 | 0001193125-25-155488 | EDGAR |
| 2025-06-03 | 0001193125-25-134140 | EDGAR |
| 2025-05-23 | 0001397911-25-000066 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-23 | 0001628280-26-010705 | EDGAR |
| 2025-02-20 | 0001397911-25-000018 | EDGAR |
| 2024-02-21 | 0001397911-24-000011 | EDGAR |
| 2023-02-23 | 0001397911-23-000024 | EDGAR |
| 2022-02-22 | 0001397911-22-000014 | EDGAR |
| 2021-02-23 | 0001397911-21-000029 | EDGAR |
| 2020-02-21 | 0001397911-20-000023 | EDGAR |
| 2019-02-26 | 0001397911-19-000018 | EDGAR |
| 2018-02-21 | 0001397911-18-000011 | EDGAR |
| 2017-02-24 | 0001397911-17-000025 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-04 | 0001628280-26-029530 | EDGAR |
| 2025-11-03 | 0001628280-25-047934 | EDGAR |
| 2025-08-04 | 0001397911-25-000122 | EDGAR |
| 2025-05-09 | 0001397911-25-000063 | EDGAR |
| 2024-11-04 | 0001397911-24-000141 | EDGAR |
| 2024-07-30 | 0001397911-24-000109 | EDGAR |
| 2024-05-02 | 0001397911-24-000053 | EDGAR |
| 2023-10-31 | 0001397911-23-000160 | EDGAR |
| 2023-08-01 | 0001397911-23-000126 | EDGAR |
| 2023-05-02 | 0001397911-23-000072 | EDGAR |
ETF Holders
195 ETFs hold LPLA
25 shown · $2.98B total exposure · 0.13% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.03% | $764.7M | — | 2026-09-30 |
| 2 | VO Vanguard Morningstar Mid-Cap ETF | Vanguard | 0.24% | $515.6M | — | 2026-09-30 |
| 3 | VUG Vanguard Morningstar Growth ETF | Vanguard | 0.09% | $334.8M | — | 2026-09-30 |
| 4 | VXF Vanguard Extended Market ETF | Vanguard | 0.29% | $271.1M | — | 2026-09-30 |
| 5 | MOAT VanEck Morningstar Wide Moat ETF | VanEck | 2.09% | $245.2M | $11.8B | 2026-10-29 |
| 6 | VOT Vanguard Morningstar Mid-Cap Growth ETF | Vanguard | 0.57% | $189.0M | — | 2026-09-30 |
| 7 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.16% | $95.1M | $58.1B | 2026-10-29 |
| 8 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.08% | $68.0M | — | 2026-10-29 |
| 9 | AVLV Avantis U.S. Large Cap Value ETF | Avantis | 0.29% | $66.7M | $22.7B | 2026-10-29 |
| 10 | SCHG Schwab U.S. Large-Cap Growth ETF | Nport | 0.08% | $46.2M | — | 2026-05-31 |
| 11 | IWP iShares Russell Mid-Cap Growth ETF | iShares (BlackRock) | 0.23% | $44.9M | $18.5B | 2026-10-29 |
| 12 | VFH Vanguard Financials ETF | Vanguard | 0.29% | $40.4M | — | 2026-09-30 |
| 13 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.04% | $31.5M | $83.2B | 2026-10-29 |
| 14 | IWF iShares Russell 1000 Growth ETF | iShares (BlackRock) | 0.02% | $30.0M | $120.3B | 2026-10-29 |
| 15 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.03% | $28.6M | $95.5B | 2026-10-29 |
| 16 | VV Vanguard Morningstar Large-Cap ETF | Vanguard | 0.04% | $28.3M | — | 2026-09-30 |
| 17 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.06% | $27.4M | — | 2026-10-29 |
| 18 | IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | iShares (BlackRock) | 2.09% | $27.2M | $1.3B | 2026-10-29 |
| 19 | SCHX Schwab U.S. Large-Cap ETF | Nport | 0.03% | $23.1M | — | 2026-05-31 |
| 20 | VT Vanguard Total World Stock ETF | Vanguard | 0.02% | $21.5M | — | 2026-09-30 |
| 21 | IWS iShares Russell Mid-Cap Value ETF | iShares (BlackRock) | 0.14% | $20.8M | $14.9B | 2026-10-29 |
| 22 | FMDE Fidelity Enhanced Mid Cap Core ETF | Fidelity | 0.18% | $15.8M | $8.7B | 2026-10-29 |
| 23 | IWB iShares Russell 1000 ETF | iShares (BlackRock) | 0.03% | $15.5M | $48.0B | 2026-10-29 |
| 24 | VONG Vanguard Russell 1000 Growth ETF | Vanguard | 0.03% | $14.2M | — | 2026-09-30 |
| 25 | TAOZ Thornburg American Opportunities Fund | Nport | 2.77% | $13.6M | — | 2026-06-30 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
25.27
TTM Diluted EPS
$11.23
TTM Revenue
$18.26B
TTM Net Income
$900.86M
TTM Op. Cash Flow
$-460.81M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $4.94B | $356.40M | $4.43 | $290.40M |
| Q4 '25 | 2025-12-31 | $4.93B | $300.72M | $3.77 | $785.01M |
| Q3 '25 | 2025-09-30 | $4.55B | $-29.52M | $-0.37 | $-1.73B |
| Q2 '25 | 2025-06-30 | $3.84B | $273.25M | $3.40 | $193.30M |
| Q1 '25 | 2025-03-31 | $3.67B | $318.57M | $4.24 | $339.81M |
| Q4 '24 | 2024-12-31 | $3.51B | $270.75M | $3.58 | $-178.78M |
| Q3 '24 | 2024-09-30 | $3.11B | $255.30M | $3.39 | $209.34M |
| Q2 '24 | 2024-06-30 | $2.93B | $243.80M | $3.23 | $-178.87M |
| Q1 '24 | 2024-03-31 | $2.83B | $288.76M | $3.83 | $425.90M |
| Q4 '23 | 2023-12-31 | $2.64B | $217.56M | $2.87 | $142.55M |
| Q3 '23 | 2023-09-30 | $2.52B | $224.29M | $2.91 | $-44.62M |
| Q2 '23 | 2023-06-30 | $2.47B | $285.52M | $3.65 | $620.61M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-04
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
25.27
P/B
4.00
P/S
1.24
EV/EBITDA
22.37
EV/Sales
1.49
ROE
15.8%
ROA
4.8%
Div Yield
0.44%
FCF Yield
-2.03%
Debt/Equity
1.26
Current Ratio
—
Market Cap
$22.72B
as of 2026-10-30
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
2.18M
SI % of Float
2.78%
Days to Cover
2.77
Short Vol Ratio
42.3%
Free Float
78.45M
Float %
99.6%
Short interest 2026-10-15 • Short volume 2026-10-30 • Float 2026-08-14