LINCOLN NATIONAL CORP

CIK

59558

Location

RADNOR, PA

Portfolio Value

Mid $1,335,165,312

Diversification

Diversified

Filing Date

Global Rank

#1,266 / 7,302 ▲ 23 · as of Mar 2024

Top Industry

Consumer Electronics 10.7%

3Y Alpha vs SPY

-3.5%

Period ended 2 years ago

Filed May 2, 2024 · 2y

17 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+61.3%

SPY

+76.5%

Annualised alpha

-3.6%

Max drawdown

−17.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

566 positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023

Top Position

9.5%

−2.6 pts

Top 5

30.0%

−2.0 pts

Top 10

41.5%

−1.2 pts

HHI

252

Diversified−47

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2024

Sector	% Portfolio	Value	Positions
Technology	24.2%	$323,415,742	87
Financial Services	13.3%	$177,373,879	109
Unclassified	11.5%	$153,220,456	14
Healthcare	10.7%	$142,799,479	67
Consumer Cyclical	9.2%	$122,884,041	51
Industrials	8.5%	$112,853,525	73
Consumer Defensive	8.0%	$106,666,144	36
Communication Services	5.2%	$69,615,299	20
Energy	3.8%	$50,958,068	30
Real Estate	2.1%	$28,474,029	32
Utilities	1.9%	$25,699,840	23
Basic Materials	1.6%	$21,204,810	24

Last Quarter's Activity

Export CSV

Mar 31, 2024 vs Dec 31, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
WMT	Walmart Inc.	+61,972	89,172	$5,365,478
KMI	Kinder Morgan, Inc.	+56,009	92,359	$1,693,863
PLTR	Palantir Technologies Inc.	+28,110	66,237	$1,524,112
ET	Energy Transfer LP	+19,774	228,021	$3,586,769
AGNC	AGNC Investment Corp.	+19,357	32,100	$317,789
TSLA	Tesla, Inc.	+18,229	66,018	$11,605,303
HTD	John Hancock Tax-Advantaged Dividend Income Fund	+15,884	30,052	$590,821
AMZN	Amazon Com Inc	+14,781	293,818	$52,998,890
STNE	StoneCo Ltd.	+12,730	24,671	$409,784
UBER	Uber Technologies, Inc	+12,608	48,812	$3,758,034
CSCO	Cisco Systems, Inc.	+11,924	120,526	$6,015,452
VZ	Verizon Communications Inc	+11,394	156,229	$6,555,368
GOOGL	Alphabet Inc.	+11,201	164,024	$24,756,141
INTC	Intel Corp	+10,428	133,042	$5,876,464
QQQ	Invesco Qqq Trust, Series 1	+10,390	125,056	$55,526,114
HLN	Haleon plc	+10,386	28,299	$240,257
T	At&T Inc.	+10,266	184,211	$3,242,113
MRK	Merck & Co., Inc.	+10,177	105,821	$13,963,080
CVX	Chevron Corp	+9,663	92,649	$14,614,452
BRK-B	Berkshire Hathaway Inc	+8,640	94,330	$39,667,650
USB	US Bancorp De	+8,021	77,667	$3,471,714
C	Citigroup Inc	+7,896	22,209	$1,404,496
XYZ	Block, Inc.	+7,874	14,392	$1,217,275
PFE	Pfizer Inc	+7,782	142,753	$3,961,395
MCHP	Microchip Technology Inc	+7,301	12,843	$1,152,145
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SOUN	Soundhound Ai, Inc.	−143,500	58,758	$346,084
CEF	Sprott Physical Gold & Silver Trust	−100,100	113,820	$2,315,098
MPT	Medical Properties Trust Inc	−40,701	54,058	$254,072
PSLV	Sprott Physical Silver Trust	−29,071	11,530	$95,583
GLD	Spdr Gold Trust	−22,436	23,775	$4,890,992
PHYS	Sprott Physical Gold Trust	−18,329	240,622	$4,162,760
GLDM	World Gold Trust	−15,879	36,860	$1,623,682
VICI	Vici Properties Inc.	−14,365	39,637	$1,180,785
LYG	Lloyds Banking Group plc	−9,451	40,536	$104,988
IAU	Ishares Gold Trust	−8,861	46,986	$1,973,881
SLV	iShares Silver Trust	−8,762	38,185	$868,708
ING	Ing Groep NV	−8,646	16,916	$278,943
MS	Morgan Stanley	−8,178	42,628	$4,013,851
VVR	Invesco Senior Income Trust	−6,956	15,031	$64,332
VALE	Vale S.A.	−6,907	42,280	$515,393
OUNZ	VanEck Merk Gold ETF	−5,430	33,125	$711,525
TFC	Truist Financial Corp	−4,546	57,400	$2,237,451
PG	PROCTER & GAMBLE Co	−4,427	253,455	$41,123,073
IEP	Icahn Enterprises L.P.	−4,224	15,740	$267,736
DVN	Devon Energy Corp/De	−3,830	8,899	$446,551
BTO	John Hancock Financial Opportunities Fund	−3,598	29,510	$872,905
WBD	Warner Bros. Discovery, Inc.	−3,401	59,911	$523,022
APLD	Applied Digital Corp.	−3,332	13,426	$57,463
BTI	British American Tobacco p.l.c.	−3,111	13,625	$415,562
IRM	Iron Mountain Inc	−3,030	16,961	$1,360,441
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
USAC	USA Compression Partners, LP	105,506	$2,813,845
SUN	Sunoco LP	24,163	$1,456,787
AM	Antero Midstream Corp	99,354	$1,396,917
GNLX	GENELUX Corp	61,015	$392,326
COO	Cooper Companies, Inc.	3,785	$384,025
ILMN	Illumina, Inc.	2,816	$376,160
WDAY	Workday, Inc.	1,269	$346,119
AUBN	Auburn National Bancorporation, Inc	16,482	$317,608
AWI	Armstrong World Industries Inc	2,546	$316,263
TREX	Trex Co Inc	3,080	$307,229
CAG	Conagra Brands Inc.	10,106	$299,541
ALB	Albemarle Corp	2,246	$295,887
FTNT	Fortinet, Inc.	4,233	$289,155
DELL	Dell Technologies Inc.	2,499	$285,160
CHDN	Churchill Downs Inc	2,264	$280,169
DKS	Dick's Sporting Goods, Inc.	1,237	$278,151
DASH	DoorDash, Inc.	2,018	$277,918
ALGN	Align Technology Inc	847	$277,748
ORI	Old Republic International Corp	8,462	$259,952
AER	AerCap Holdings N.V.	2,972	$258,295
KNSL	Kinsale Capital Group, Inc.	486	$255,023
JXN	Jackson Financial Inc.	3,804	$251,596
ANNX	Annexon, Inc.	35,000	$250,950
TXT	Textron Inc	2,597	$249,129
ARE	Alexandria Real Estate Equities, Inc.	1,915	$246,862
No positions match the current search.

Sold Out

Positions the filer fully exited

20 positions

Ticker	Company	Shares	Value
UUP	Invesco DB US Dollar Index Bullish Fund	61,532	$1,666,901
ACGL	Arch Capital Group Ltd.	6,180	$458,988
GL	Globe Life Inc.	3,013	$366,742
NFG	National Fuel Gas Co	6,922	$347,275
CELH	Celsius Holdings, Inc.	4,886	$266,384
ZM	Zoom Communications, Inc.	3,415	$245,571
PKST	Peakstone Realty Trust	12,093	$241,013
QDEL	QuidelOrtho Corp	3,157	$232,670
UHT	Universal Health Realty Income Trust	5,277	$228,230
SIG	Signet Jewelers Ltd	2,065	$221,491
PAG	Penske Automotive Group, Inc.	1,377	$221,022
ALV	Autoliv Inc	1,995	$219,829
ES	Eversource Energy	3,502	$216,142
UBS	UBS Group AG	6,927	$214,043
BIDU	Baidu, Inc.	1,753	$208,764
SBAC	Sba Communications Corp	820	$208,025
NEM	NEWMONT Corp /DE/	5,017	$207,652
SPH	Suburban Propane Partners LP	11,122	$197,526
BBVA	Banco Bilbao Vizcaya Argentaria, S.A.	15,624	$142,334
CAF	Morgan Stanley China A Share Fund, Inc.	10,072	$128,317
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

566 positions · $1,335,165,312 total · as of Mar 31, 2024

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 566 positions by value · page 1 of 12

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	739,634	-281	$126,832,437	−11.0%	9.50%
MSFT	Microsoft Corp Technology	Added	214,826	+6,724	$90,381,594	+15.5%	6.77%
SPY	Spdr S&P 500 ETF Trust	Added	143,784	+1,608	$75,209,096	+11.3%	5.63%
QQQ	Invesco Qqq Trust, Series 1	Added	125,056	+10,390	$55,526,114	+18.2%	4.16%
AMZN	Amazon Com Inc Consumer Cyclical	Added	293,818	+14,781	$52,998,890	+25.0%	3.97%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	253,455	-4,427	$41,123,073	+8.8%	3.08%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	94,330	+8,640	$39,667,650	+29.8%	2.97%
ETN	Eaton Corp plc Industrials	Added	80,320	+4,192	$25,114,457	+37.0%	1.88%
GOOGL	Alphabet Inc. Communication Services	Added	164,024	+11,201	$24,756,141	+16.0%	1.85%
JPM	Jpmorgan Chase & Co Financial Services	Added	115,243	+2,240	$23,083,172	+20.1%	1.73%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	24,199	+1,480	$17,728,912	+18.2%	1.33%
META	Meta Platforms, Inc. Communication Services	Added	34,790	+2,504	$16,893,328	+47.8%	1.27%
ABBV	AbbVie Inc. Healthcare	Added	83,505	+3,191	$15,206,259	+22.2%	1.14%
CVX	Chevron Corp Energy	Added	92,649	+9,663	$14,614,452	+18.1%	1.09%
V	Visa Inc. Financial Services	Added	52,103	+2,952	$14,540,905	+13.6%	1.09%
MRK	Merck & Co., Inc. Healthcare	Added	105,821	+10,177	$13,963,080	+33.9%	1.05%
LLY	ELI LILLY & Co Healthcare	Added	17,080	+1,789	$13,287,556	+49.1%	1.00%
HD	Home Depot, Inc. Consumer Cyclical	Added	32,877	+947	$12,611,616	+14.0%	0.94%
JNJ	Johnson & Johnson Healthcare	Added	77,322	+1,083	$12,231,566	+2.4%	0.92%
TSLA	Tesla, Inc. Consumer Cyclical	Added	66,018	+18,229	$11,605,303	−2.3%	0.87%
PEP	Pepsico Inc Consumer Defensive	Added	52,036	+5,381	$9,106,819	+14.9%	0.68%
CRM	Salesforce, Inc. Technology	Added	28,055	+2,247	$8,449,604	+24.4%	0.63%
SBUX	Starbucks Corp Consumer Cyclical	Added	90,448	+3,270	$8,266,042	−1.2%	0.62%
UNH	Unitedhealth Group Inc Healthcare	Added	16,528	+1,039	$8,176,401	+0.3%	0.61%
ABT	Abbott Laboratories Healthcare	Added	68,594	+3,748	$7,796,393	+9.2%	0.58%
MCD	Mcdonalds Corp Consumer Cyclical	Added	26,568	+2,076	$7,490,847	+3.1%	0.56%
LMT	Lockheed Martin Corp Industrials	Added	16,102	+413	$7,324,315	+3.0%	0.55%
DIS	Walt Disney Co Communication Services	Added	59,214	+1,099	$7,245,424	+38.1%	0.54%
IBM	International Business Machines Corp Technology	Added	37,274	+2,443	$7,117,842	+24.9%	0.53%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	12,403	+1,032	$6,901,029	+19.6%	0.52%
VZ	Verizon Communications Inc Communication Services	Added	156,229	+11,394	$6,555,368	+20.1%	0.49%
MA	Mastercard Inc Financial Services	Added	13,457	+816	$6,480,486	+20.2%	0.49%
PLD	Prologis, Inc. Real Estate	Added	49,729	+2,613	$6,475,709	+3.1%	0.49%
CSCO	Cisco Systems, Inc. Technology	Added	120,526	+11,924	$6,015,452	+9.6%	0.45%
BAC	Bank Of America Corp /De/ Financial Services	Added	158,440	+6,663	$6,008,044	+17.6%	0.45%
INTC	Intel Corp Technology	Added	133,042	+10,428	$5,876,464	−4.6%	0.44%
CAT	Caterpillar Inc Industrials	Added	15,968	+598	$5,851,153	+28.8%	0.44%
GD	General Dynamics Corp Industrials	Added	20,488	+1,045	$5,787,654	+14.6%	0.43%
SHW	Sherwin Williams Co Basic Materials	Reduced	16,582	-98	$5,759,425	+10.7%	0.43%
TXG	10x Genomics, Inc. Healthcare	Reduced	150,205	-3	$5,637,193	−32.9%	0.42%
ORCL	Oracle Corp Technology	Reduced	43,259	-652	$5,433,762	+17.4%	0.41%
WMT	Walmart Inc. Consumer Defensive	Added	89,172	+61,972	$5,365,478	+275.4%	0.40%
HCA	HCA Healthcare, Inc. Healthcare	Reduced	15,743	-246	$5,250,762	+21.3%	0.39%
NOC	Northrop Grumman Corp /De/ Industrials	Reduced	10,814	-253	$5,176,228	−0.1%	0.39%
POOL	Pool Corp Industrials	Added	12,479	+270	$5,035,276	+3.4%	0.38%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	52,655	-1,975	$4,948,516	−16.6%	0.37%
GLD	Spdr Gold Trust	Reduced	23,775	-22,436	$4,890,992	−44.6%	0.37%
NVDA	Nvidia Corp Technology	Added	53,494	+1,761	$4,833,503	+88.7%	0.36%
AMD	Advanced Micro Devices Inc Technology	Added	26,743	+6,226	$4,826,843	+59.6%	0.36%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	7,810	+496	$4,539,249	+16.9%	0.34%