# Lincoln Capital LLC

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1633862. Source: https://holderbook.com/funds/1633862-lincoln-capital-llc/

- Reported value: $570.3M
- Positions: 138
- Weight of the ten largest: 55.9%
- Filed: 2026-10-09

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $52.9M | 154,116 | 9.3% | 32 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $49.9M | 99,989 | 8.7% | 32 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $41.1M | 55 | 7.2% | 30 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $32.3M | 58,246 | 5.7% | 32 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $31.0M | 33,963 | 5.4% | 32 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $30.6M | 17,807 | 5.4% | 32 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $21.9M | 98,292 | 3.8% | 32 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $21.3M | 41,571 | 3.7% | 32 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $19.1M | 76,870 | 3.4% | 32 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $18.7M | 56,418 | 3.3% | 32 |
| HAGERTY INC | [HGTY](https://holderbook.com/stocks/HGTY/) | $18.2M | 1,350,809 | 3.2% | 18 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $13.9M | 147,389 | 2.4% | 32 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $9.2M | 25,617 | 1.6% | 32 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.1M | 27,324 | 1.6% | 29 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $8.7M | 60,098 | 1.5% | 32 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $8.4M | 153,236 | 1.5% | 19 |
| LIBERTY MEDIA CORP DEL | [FWONK](https://holderbook.com/stocks/FWONK/) | $8.2M | 87,968 | 1.4% | 9 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $7.3M | 69,273 | 1.3% | 32 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $7.0M | 30,204 | 1.2% | 32 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $6.4M | 74,109 | 1.1% | 32 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $6.3M | 13,185 | 1.1% | 15 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.8M | 21,743 | 1.0% | 32 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $5.6M | 56,777 | 1.0% | 15 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $5.5M | 18,008 | 1.0% | 32 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $5.1M | 18,810 | 0.9% | 32 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $4.9M | 179,120 | 0.9% | 19 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $4.8M | 10,650 | 0.8% | 27 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $4.6M | 49,260 | 0.8% | 32 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.2M | 12,402 | 0.7% | 32 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $4.1M | 63,118 | 0.7% | 26 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $4.0M | 11,201 | 0.7% | 32 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.8M | 4,898 | 0.7% | 25 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $3.7M | 78,569 | 0.7% | 18 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $3.5M | 63,170 | 0.6% | 8 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $3.5M | 69,988 | 0.6% | 26 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $3.0M | 4,449 | 0.5% | 32 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.9M | 8,791 | 0.5% | 32 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $2.5M | 29,768 | 0.4% | 32 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.4M | 22,746 | 0.4% | 32 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.3M | 4,456 | 0.4% | 26 |
| CAPITAL GROUP CORE EQUITY ET | [CGUS](https://holderbook.com/stocks/CGUS/) | $2.2M | 48,590 | 0.4% | 8 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $2.1M | 2,023 | 0.4% | 8 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $2.1M | 22,943 | 0.4% | 30 |
| VERALTO CORP | [VLTO](https://holderbook.com/stocks/VLTO/) | $2.0M | 21,096 | 0.4% | 12 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.9M | 2,355 | 0.3% | 6 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.9M | 10,745 | 0.3% | 32 |
| CAPITAL GROUP GBL GROWTH EQT | [CGGO](https://holderbook.com/stocks/CGGO/) | $1.8M | 46,423 | 0.3% | 8 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.8M | 6,545 | 0.3% | 32 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.7M | 13,766 | 0.3% | 32 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.7M | 17,393 | 0.3% | 26 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $1.6M | 10,420 | 0.3% | 4 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $1.6M | 3,016 | 0.3% | 7 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $1.6M | 9,813 | 0.3% | 25 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.5M | 20,221 | 0.3% | 26 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $1.4M | 29,258 | 0.3% | 16 |
| CAPITAL GROUP DIVIDEND GROWE | [CGDG](https://holderbook.com/stocks/CGDG/) | $1.4M | 38,438 | 0.2% | 8 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.4M | 10,420 | 0.2% | 26 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.4M | 4,876 | 0.2% | 24 |
| LOUISIANA PAC CORP | [LPX](https://holderbook.com/stocks/LPX/) | $1.3M | 19,366 | 0.2% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.2M | 5,447 | 0.2% | 12 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $1.2M | 7,135 | 0.2% | 1 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $1.1M | 4,310 | 0.2% | 32 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $1.1M | 2,028 | 0.2% | 7 |
| CAPITAL GROUP CORE BALANCED | [CGBL](https://holderbook.com/stocks/CGBL/) | $1.1M | 29,639 | 0.2% | 3 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $1.1M | 10,976 | 0.2% | 27 |
| CAPITAL GROUP INTL FOCUS EQT | [CGXU](https://holderbook.com/stocks/CGXU/) | $1.0M | 30,141 | 0.2% | 18 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $912.7K | 6,260 | 0.2% | 32 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $899.1K | 4,160 | 0.2% | 30 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $885.9K | 19,825 | 0.2% | 15 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $883.1K | 2,489 | 0.2% | 15 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $851.4K | 560 | 0.1% | 32 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $847.7K | 1,111 | 0.1% | 23 |
| ESAB CORPORATION | [ESAB](https://holderbook.com/stocks/ESAB/) | $833.1K | 12,639 | 0.1% | 18 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $810.0K | 2,842 | 0.1% | 32 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $791.0K | 5,010 | 0.1% | 7 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $781.9K | 5,062 | 0.1% | 32 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $781.5K | 1,984 | 0.1% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $753.4K | 12,693 | 0.1% | 32 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $735.4K | 10,399 | 0.1% | 26 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $714.6K | 1,988 | 0.1% | 32 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $698.9K | 961 | 0.1% | 14 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $670.8K | 18,396 | 0.1% | 16 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $646.2K | 1,467 | 0.1% | 3 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $614.5K | 7,300 | 0.1% | 32 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $589.5K | 7,819 | 0.1% | 22 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $568.0K | 7,096 | 0.1% | 22 |
| CAPITAL GROUP INTERNATIONAL | [CGIE](https://holderbook.com/stocks/CGIE/) | $567.8K | 15,458 | 0.1% | 9 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $548.2K | 4,560 | 0.1% | 3 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $546.4K | 6,383 | 0.1% | 32 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $514.7K | 2,770 | 0.1% | 26 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $505.0K | 1,175 | 0.1% | 14 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $492.7K | 3,266 | 0.1% | 1 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $492.2K | 1,780 | 0.1% | 32 |
| CAPITAL GROUP EQUITY ETF TR | [CGMM](https://holderbook.com/stocks/CGMM/) | $477.9K | 15,427 | 0.1% | 2 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $454.5K | 4,488 | 0.1% | 32 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $452.7K | 5,287 | 0.1% | 32 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $444.2K | 2,700 | 0.1% | 32 |
| BUCKLE INC | [BKE](https://holderbook.com/stocks/BKE/) | $442.4K | 10,300 | 0.1% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $411.8K | 3,834 | 0.1% | 17 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $407.2K | 581 | 0.1% | 16 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +7.3% | +14.8% | -7.5% | 100% |
| Q1 2026 | -5.0% | -4.6% | -0.4% | 100% |
| Q4 2025 | +3.4% | +2.4% | +1.0% | 100% |
| Q3 2025 | +3.5% | +7.8% | -4.4% | 100% |
| Q2 2025 | +3.2% | +10.5% | -7.2% | 104% |
| Q1 2025 | +1.3% | -4.6% | +5.9% | 100% |
| Q4 2024 | +1.0% | +2.1% | -1.2% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $570.3M | 138 |
| Q2 2026 | $562.0M | 137 |
| Q1 2026 | $527.8M | 135 |
| Q4 2025 | $551.8M | 131 |
| Q3 2025 | $533.8M | 124 |
| Q2 2025 | $519.7M | 123 |
| Q1 2025 | $478.9M | 117 |
| Q4 2024 | $475.7M | 116 |
| Q3 2024 | $472.8M | 112 |
| Q2 2024 | $448.1M | 109 |
| Q1 2024 | $449.4M | 111 |
| Q4 2023 | $410.3M | 109 |