LINCOLN NATIONAL CORP
Long book
$3.45B
Q1 2026
Positions
19
Top-10 weight
71%
concentration
Last quarter
+8.8%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsLINCOLN NATIONAL CORP is a wealth-management firm allocating client money, running a $3.45B US long book across 19 positions.
The portfolio is concentrated: the top 10 names carry 71% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD GROWTH ETF, VANGUARD SHORT-TERM BOND ETF, VANGUARD VALUE ETF, VANGUARD TOTAL STOCK MKT ETF, VANGUARD FTSE ALL-WORLD EX-U.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.0%
Q2 2024
+6.2%
Q3 2024
-2.1%
Q4 2024
+0.4%
Q1 2025
+7.5%
Q2 2025
+5.6%
Q3 2025
+2.3%
Q4 2025
-0.8%
Q1 2026
+8.8%
Sector allocation
Technology 36%
Financials 13%
Consumer discretionary 11%
Healthcare 9%
Industrials 9%
Other 6%
Services media 4%
Energy 4%
Long book by quarter
What does LINCOLN NATIONAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 19 | $3.45B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 20 | $3.42B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 20 | $3.51B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 20 | $3.30B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 21 | $3.10B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 21 | $3.11B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 23 | $3.12B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 23 | $2.96B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 2074 | $6.41B | canonical | SEC ↗ |