10 Best Large Cap Stocks to Buy in 2026 According to Billionaire Dan Loeb

8. LPL Financial Holdings Inc (NASDAQ:LPLA)

Third Point Equity Stake: $182.2 Million

Number of Hedge Fund Holders: 54

Stock Upside Potential: 33.87%

Market Cap: $24.3 Billion

LPL Financial Holdings Inc (NASDAQ:LPLA) is one of the best large cap stocks to buy in 2026 according to billionaire Dan Loeb. Analysts see LPLA stock rising more than 30% in the next 12 months.

On April 30, LPL Financial announced that it has resumed its share repurchase program. It plans to make $125 million in repurchases during Q2 2026. This comes after the company reported strong Q1 results.

Revenue jumped 35% YoY to $4.93 billion in the first three months of 2026. The company posted adjusted EPS of $5.60 for the quarter, up from $5.15 a year ago and above the analysts’ expectation of $5.48.

LPL Financial paused the stock buyback program following the announcement of its acquisition of Commonwealth Financial Network in March 2025. LPL Financial acquired Commonwealth for $2.7 billion in its latest M&A deal to date, and the transaction closed in August 2025. Through Commonwealth, LPL Financial sought to add roughly 3,000 independent advisors and around $300 billion in client assets.

The pause on buyback was intended to help LPL Financial preserve capital and manage leverage during the transition. The company exited Q1 with more than $1 billion in cash and cash equivalents, and its leverage ratio stood at 1.86x.

California-based LPL Financial Holdings Inc (NASDAQ:LPLA) operates a platform that supports independent financial advisors. It provides the technology, investment products, clearing services, and compliance oversight that enable advisors to manage roughly $2.3 trillion in client assets.