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Livermore
Livermore
ZHEN

Lincoln National Corp

SEC CIK
0000059558
Latest filing
Aug 7, 2026

The latest 13F from Lincoln National Corp covers Q2 2026 (filed Aug 7, 2026): 20 long positions worth $3.91B. The top 10 holdings make up 68.6% of the portfolio, and the largest is Vanguard Morningstar Growth ETF at 9.0%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$133.9M
Added
10
Est. +$63.8M
Reduced
9
Est. −$47.2M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Growth ETF922908736
    9.0%$350.7M
  2. Vanguard Morningstar Value ETF922908744
    8.2%$319.4M
  3. Vanguard Short-Term Bond ETF921937827
    7.9%$310.0M
  4. Vanguard Morningstar Total Stock Market ETF922908769
    7.7%$302.7M
  5. Vanguard Ftse All-World Ex-US Index Fund922042775
    7.1%$275.9M

Share of portfolio

Top 5 holdings and the other 15 positions, by share of portfolio value

  1. Vanguard Morningstar Growth ETF9.0%
  2. Vanguard Morningstar Value ETF8.2%
  3. Vanguard Short-Term Bond ETF7.9%
  4. Vanguard Morningstar Total Stock Market ETF7.7%
  5. Vanguard Ftse All-World Ex-US Index Fund7.1%
  6. Other 15 positions60.1%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Ftse Emerging Markets ETF922042858
    +$133.9MNew
  2. Vanguard Morningstar Value ETF922908744
    +$14.5MAdded
  3. Schwab US Tips ETF808524870
    +$14.1MAdded
  4. Vanguard BD Index FDS921937793
    +$8.52MAdded
  5. Vanguard Short-Term Bond ETF921937827
    +$5.85MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Vanguard Ftse Emerging Markets ETF922042858
    +3.43 pp0.0% → 3.4%
  2. Vanguard Morningstar Value ETF922908744
    +0.23 pp7.9% → 8.2%
  3. Vanguard Morningstar Small-Cap ETF922908751
    +0.12 pp2.2% → 2.3%
  4. Vanguard Index FDS922908652
    +0.07 pp1.0% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Growth ETF922908736
    −$20.9MReducedConverted for a 6-for-1 split
  2. iShares Core MSCI Emerging Markets ETF46434G103
    −$9.59MReduced
  3. Vanguard S&P 500 ETF922908363
    −$3.89MReduced
  4. Vanguard Intl Equity Index F922042866
    −$3.87MReduced
  5. Vanguard Morningstar Total Stock Market ETF922908769
    −$3.19MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. Vanguard Ftse All-World Ex-US Index Fund922042775
    −0.15 pp7.2% → 7.1%
  2. Vanguard Ftse Developed Markets ETF921943858
    −0.13 pp4.9% → 4.8%
  3. Vanguard Morningstar Growth ETF922908736
    −0.12 pp9.1% → 9.0%
  4. Vanguard Star FDS921909768
    −0.09 pp3.2% → 3.1%
  5. iShares Core MSCI Emerging Markets ETF46434G103
    −0.08 pp3.3% → 3.2%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.91B
+$453.4M (+13.1%) vs. prior quarter
Positions
20
+1 vs. prior quarter
Top 10 concentration
68.6%
Top 10 as share of value
Turnover
1.3%
Q2 2026, one quarter
Average holding period
15.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $6.41B (Q1 2024)

Q1 2021: $4.05BQ2 2021: $4.66BQ3 2021: $4.55BQ4 2021: $4.96BQ1 2022: $4.84BQ2 2022: $4.27BQ3 2022: $4.06BQ4 2022: $4.42BQ1 2023: $4.76BQ2 2023: $5.06BQ3 2023: $4.96BQ4 2023: $5.69BQ1 2024: $6.41BQ2 2024: $2.96BQ3 2024: $3.12BQ4 2024: $3.11BQ1 2025: $3.10BQ2 2025: $3.30BQ3 2025: $3.51BQ4 2025: $3.42BQ1 2026: $3.45BQ2 2026: $3.91B
Q1 2021Q2 2026
13F filings of Lincoln National Corp by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 202620$3.91BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Short-Term Bond ETFvs. Q1 2026SEC
Q1 2026May 4, 202619$3.45BVanguard Morningstar Growth ETFVanguard Short-Term Bond ETFVanguard Morningstar Value ETFvs. Q4 2025SEC
Q4 2025Feb 9, 202620$3.42BVanguard Morningstar Growth ETFVanguard Short-Term Bond ETFVanguard Morningstar Value ETFvs. Q3 2025SEC
Q3 2025Nov 7, 202520$3.51BVanguard Morningstar Growth ETFVanguard Short-Term Bond ETFVanguard Morningstar Value ETFvs. Q2 2025SEC
Q2 2025Aug 5, 202520$3.30BVanguard Morningstar Growth ETFVanguard Short-Term Bond ETFVanguard Morningstar Value ETFvs. Q1 2025SEC
Q1 2025Apr 30, 202521$3.10BVanguard Short-Term Bond ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q4 2024SEC
Q4 2024Feb 6, 202521$3.11BVanguard Morningstar Growth ETFVanguard Short-Term Bond ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2024SEC
Q3 2024Oct 25, 202423$3.12BVanguard Morningstar Total Stock Market ETFVanguard World FDVanguard Short-Term Bond ETFvs. Q2 2024SEC
Q2 2024Jul 25, 202423$2.96BVanguard Morningstar Total Stock Market ETFVanguard World FDVanguard Short-Term Bond ETFvs. Q1 2024SEC
Q1 2024May 2, 20241,203$6.41BVanguard Morningstar Total Stock Market ETFVanguard World FDVanguard Short-Term Bond ETFvs. Q4 2023SEC
Q4 2023Feb 6, 20241,100$5.69BVanguard Morningstar Total Stock Market ETFVanguard World FDVanguard Short-Term Bond ETFvs. Q3 2023SEC
Q3 2023Nov 6, 20231,021$4.96BVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFVanguard World FDvs. Q2 2023SEC
Q2 2023Aug 7, 20231,016$5.06BVanguard Morningstar Total Stock Market ETFVanguard World FDVanguard Short-Term Bond ETFvs. Q1 2023SEC
Q1 2023May 2, 2023988$4.76BVanguard Morningstar Total Stock Market ETFVanguard World FDVanguard Short-Term Bond ETFvs. Q4 2022SEC
Q4 2022Feb 8, 2023930$4.42BVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFSPDR Series Trustvs. Q3 2022SEC
Q3 2022Nov 4, 2022870$4.06BVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFSPDR Series Trustvs. Q2 2022SEC
Q2 2022Aug 2, 2022860$4.27BVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFSPDR Series Trustvs. Q1 2022SEC
Q1 2022May 9, 2022908$4.84BVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFSPDR Series Trustvs. Q4 2021SEC
Q4 2021Jan 26, 2022890$4.96BVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFSPDR Series Trustvs. Q3 2021SEC
Q3 2021Nov 5, 2021858$4.55BVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFSPDR Series Trustvs. Q2 2021SEC
Q2 2021Aug 13, 2021855$4.66BVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFSPDR Series Trustvs. Q1 2021SEC
Q1 2021May 10, 2021801$4.05BVanguard Total Bond Market ETFVanguard Morningstar Total Stock Market ETFSPDR Series Trust–SEC

13D and 13G filings

Companies where Lincoln National Corp reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Lincoln National Corp owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
Lincoln Partners Group Royalty FundClass I, Class A, Class D and Class IS shares of beneficial interest, no par value per share13D80.94%9.79M sharesNewApr 20, 20261 filingApr 20, 2026SEC
Lincoln Bain Capital Total Credit FundClass I, Class A, Class D and Class IS shares of beneficial interest, no par value per share13D/A65.58%20.0M shares+3.01 ppfrom 62.57%Apr 20, 20262 filingsMay 18, 2026SEC

Latest filings

8 filings on file made by Lincoln National Corp or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Lincoln National Corp
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
Lincoln Bain Capital Total Credit FundClass I, Class A, Class D and Class IS shares of beneficial interest, no par value per shareSep 21, 202611:52 AM ETLincoln Financial Investments Corpand 2 others13D/A72.21%28.0M shares+1.88 ppfrom 70.33%Sep 17, 2026SEC
Lincoln Bain Capital Total Credit FundClass I, Class A, Class D and Class IS shares of beneficial interest, no par value per shareJul 20, 20269:52 AM ETLincoln Financial Investments Corpand 2 others13D/A70.33%25.2M shares+2.19 ppfrom 68.14%Jul 16, 2026SEC
Lincoln Bain Capital Total Credit FundClass I, Class A, Class D and Class IS shares of beneficial interest, no par value per shareJun 22, 20262:28 PM ETLincoln Financial Investments Corpand 2 others13D/A68.14%22.5M shares+9.22 ppfrom 58.92%Jun 17, 2026SEC
Lincoln Bain Capital Total Credit FundClass I, Class A, Class D and Class IS shares of beneficial interest, no par value per shareMay 18, 202611:06 AM ETLincoln National Corpand 2 others13D/A65.58%20.0M shares+3.01 ppfrom 62.57%May 14, 2026SEC
Lincoln Partners Group Royalty FundClass I, Class A, Class D and Class IS shares of beneficial interest, no par value per shareApr 20, 20263:46 PM ETLincoln National Corpand 1 other13D80.94%9.79M sharesNewDec 19, 2025SEC
Lincoln Bain Capital Total Credit FundClass I, Class A, Class D and Class IS shares of beneficial interest, no par value per shareApr 20, 20262:48 PM ETLincoln National Corpand 2 others13D62.57%17.4M sharesNewOct 14, 2025SEC
Lincoln Bain Capital Total Credit FundShares of beneficial interest, no par value per shareJan 29, 20267:05 PM ETLincoln Financial Investments Corpand 5 others13G/A58.92%14.8M shares+34.52 ppfrom 24.40%Dec 31, 2025SEC
Lincoln Bain Capital Total Credit FundShares of beneficial interest, no par value per shareNov 7, 202511:02 AM ETLincoln Financial Investments Corpand 4 others13G24.40%3.61M sharesNewOct 31, 2025SEC