Lincoln Capital Corp.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 9, 2025), Lincoln Capital Corp. reported 88 stock positions worth $260.0 million. Its top holding was Microsoft (MSFT) at 9.4% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 6.8%) and Goldman Activebeta US LC ETF (GSLC, 6.1%). Compared with Q1 2025, it opened 10 new positions, sold out of 12, added to 34 and reduced 32. The biggest buy was Cap Group New Geography Eq (CGNG, shares +83%) and the biggest sale Unitedhealth (UNH, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- EAST GREENWICH, RI
- CIK
- 0000872359
- Portfolio Value
- $260.0M (Q2 2025)
- SEC Filing
- 0001085146-25-003676 ↗ filed Jul 9, 2025
Holdings Value
Holdings 88 stocks · $260.0M
| MSFT Microsoft Corp. | 9.44% | 49,335 | $24.5M | Reduce -0.4% |
| IEFA iShares Core MSCI Eafe ETF | 6.77% | 210,799 | $17.6M | Add +2.2% |
| GSLC Goldman Activebeta US LC ETF | 6.09% | 130,453 | $15.8M | Add +9.1% |
| AAPL Apple Inc. | 4.36% | 55,249 | $11.3M | Reduce -6.7% |
| AMZN Amazon.com Inc. | 3.82% | 45,309 | $9.9M | Add +0.7% |
| IEF iShares 7-10 Year Treasury B | 3.82% | 103,742 | $9.9M | Add +1.4% |
| SCHM Schwab US Mid Cap ETF | 3.64% | 337,024 | $9.5M | Add +1.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 3.16% | 113,123 | $8.2M | Add +13.7% |
| JAAA Janus Henderson Aaa Clo ETF | 3.08% | 157,854 | $8.0M | Add +0.7% |
| QUAL iShares MSCI USA Quality Fac | 2.71% | 38,506 | $7.0M | Reduce -0.8% |
| COR Cencora Inc. | 2.62% | 22,750 | $6.8M | Add +0.7% |
| MBB iShares MBS ETF | 2.62% | 72,433 | $6.8M | Add +0.7% |
| CGNG Cap Group New Geography Eq filed as CAPITAL GROUP NEW GEOGRAPHY | 2.50% | 225,950 | $6.5M | Add +82.8% |
| JMBS Janus Henderson Mortg Backed | 2.37% | 136,862 | $6.2M | Reduce -1.5% |
| TMUS T-Mobile US Inc. | 2.25% | 24,582 | $5.9M | Reduce -2.6% |
| SCHW Schwab (charles) Corp. | 2.19% | 62,343 | $5.7M | Add +0.7% |
| FELC Fidelity Enh LRG Cap Cor ETF | 2.07% | 156,134 | $5.4M | Add +1.4% |
| AVGO Broadcom Inc. | 1.97% | 18,626 | $5.1M | Reduce -5.1% |
| GOOGL Alphabet Inc. Class A | 1.90% | 28,018 | $4.9M | Reduce -0.4% |
| IVV iShares Core S&P 500 ETF | 1.76% | 7,381 | $4.6M | Reduce -1.4% |
| VFMO Vanguard US Momentum Factor | 1.74% | 26,283 | $4.5M | Add +0.9% |
| RKT Rocket Cos Inc. Class A | 1.48% | 270,614 | $3.8M | Add +304.1% |
| GE General Electric filed as GE AEROSPACE | 1.46% | 14,734 | $3.8M | Reduce -0.3% |
| FBND Fidelity Total Bond ETF | 1.44% | 81,947 | $3.7M | Add +2.6% |
| SGOV iShares 0-3 Month Treasury B | 1.31% | 33,849 | $3.4M | Reduce -48.1% |
| DTE DTE Energy Company | 1.13% | 22,117 | $2.9M | Add +1.8% |
| MAA Mid-America Apartment Comm | 1.11% | 19,495 | $2.9M | Add +0.7% |
| FESM Fidelity Enhanced Small Cap | 1.09% | 88,477 | $2.8M | Add +16.1% |
| WMT Walmart Inc. | 1.06% | 28,190 | $2.8M | Reduce -2.3% |
| TCAF T Rowe PRC Cap Appreciation | 1.05% | 77,134 | $2.7M | Add +3.1% |
| SCHB Schwab US Broad Market ETF | 1.04% | 113,969 | $2.7M | Add +0.3% |
| TSPA T Rowe Price US Eqy Research | 1.01% | 67,339 | $2.6M | Add +2.5% |
| NI Nisource Inc. | 1.00% | 64,338 | $2.6M | Add +0.9% |
| DFAE Dimensional Emerging Core Eq | 0.98% | 88,057 | $2.5M | Add +3.1% |
| MDT Medtronic PLC | 0.90% | 26,782 | $2.3M | Reduce -1.1% |
| MA Mastercard Inc. Class A | 0.85% | 3,944 | $2.2M | Add +0.4% |
| ADSK Autodesk Inc. | 0.81% | 6,820 | $2.1M | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.71% | 6,625 | $1.9M | Reduce -0.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.69% | 16,169 | $1.8M | Add +2.5% |
| INTF iShares International Equity | 0.62% | 46,920 | $1.6M | Reduce -2.5% |
| NFLX Netflix Inc. | 0.53% | 1,030 | $1.4M | Add +0.4% |
| CEF Sprott Physical Gold and Sil | 0.50% | 42,900 | $1.3M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.48% | 2,021 | $1.2M | Reduce -0.1% |
| SCHX Schwab US Large-Cap ETF | 0.46% | 48,658 | $1.2M | New |
| UNH Unitedhealth Group Inc. | 0.44% | 3,686 | $1.1M | Reduce -60.3% |
| VIG Vanguard Dividend Apprec ETF | 0.43% | 5,495 | $1.1M | No change |
| NVDA Nvidia Corp. | 0.42% | 6,946 | $1.1M | Add +3.1% |
| META Meta Platforms Inc. Class A | 0.38% | 1,331 | $982K | Reduce -11.9% |
| ABT Abbott Laboratories | 0.37% | 7,154 | $973K | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.33% | 17,296 | $848K | Add +2.2% |
| PSLV Sprott Physical Silver Trust | 0.31% | 65,000 | $796K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.30% | 8,639 | $792K | Reduce -3.6% |
| IJR iShares Core S&P Small-Cap E | 0.27% | 6,472 | $707K | No change |
| EFA iShares MSCI Eafe ETF | 0.26% | 7,538 | $674K | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 0.19% | 1,748 | $507K | Reduce -3.7% |
| AMGN Amgen Inc. | 0.19% | 1,727 | $482K | Add +35.6% |
| TSLA Tesla Inc. | 0.18% | 1,500 | $476K | Add +1.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.17% | 11,143 | $451K | Add +2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 9,265 | $438K | Reduce -9.4% |
| GLW Corning Inc. | 0.16% | 7,840 | $412K | Reduce -4.7% |
| PH Parker Hannifin Corp. | 0.16% | 581 | $406K | No change |
| XLK SS Technology Select Sector | 0.15% | 1,553 | $393K | Reduce -64.7% |
| COST Costco Wholesale Corp. | 0.14% | 366 | $362K | Reduce -1.1% |
| DJT Trump Media & Technology Gro | 0.14% | 20,000 | $361K | No change |
| BSMU Invesco Bulletshares 2030 MB | 0.12% | 15,017 | $323K | Reduce -18.8% |
| MTUM iShares MSCI USA Momentum Fa | 0.12% | 1,296 | $311K | Reduce -17.1% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.12% | 14,604 | $307K | Reduce -1.8% |
| BX Blackstone Inc. | 0.12% | 2,005 | $300K | Reduce -2.3% |
| T AT&T Inc. | 0.11% | 9,832 | $285K | New |
| AG First Majestic Silver Corp. | 0.11% | 34,300 | $284K | No change |
| MFC Manulife Financial Corp. | 0.10% | 8,543 | $273K | No change |
| WM Waste Management Inc. | 0.10% | 1,191 | $273K | Add +37.9% |
| CFG Citizens Financial Group | 0.10% | 6,075 | $272K | Reduce -18.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 910 | $268K | Add +10.3% |
| MOS The Mosaic Co. | 0.10% | 7,000 | $255K | Reduce -30.0% |
| F Ford Motor Co. filed as FORD MTR CO | 0.10% | 23,072 | $250K | Add +12.0% |
| MAR Marriott International Class A | 0.09% | 882 | $241K | New |
| KGC Kinross Gold Corp. | 0.09% | 15,000 | $234K | No change |
| TRMB Trimble Inc. | 0.09% | 3,068 | $233K | New |
| V Visa Inc. Class A | 0.09% | 652 | $232K | Reduce -3.8% |
| FTNT Fortinet Inc. | 0.09% | 2,183 | $231K | New |
| SPMB SS SPDR P Mort Back Bond ETF | 0.09% | 9,999 | $221K | No change |
| SCHA Schwab US Small-Cap ETF | 0.08% | 8,464 | $214K | New |
| GSK GSK PLC-Spon ADR | 0.08% | 5,550 | $213K | New |
| GOOG Alphabet Inc. Class C | 0.08% | 1,185 | $210K | Reduce -20.2% |
| TT Trane Technologies PLC | 0.08% | 467 | $204K | New |
| SYK Stryker Corp. | 0.08% | 513 | $203K | New |
| NFGC New Found Gold Corp. | 0.01% | 25,000 | $36K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $400K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DJTWW Trump Media & Technology Gro | *W EXP 03/25/202 | 35,000 | $400K | No change |
Total filed on the 13F, all lines: $260.4M.
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -60.3% | 0.44% | −1.59 |
| SGOV iShares 0-3 Month Treasury B | Reduce -48.1% | 1.31% | −1.43 |
| AAPL Apple Inc. | Reduce -6.7% | 4.36% | −1.13 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.59 |
| TMUS T-Mobile US Inc. | Reduce -2.6% | 2.25% | −0.56 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.52 |
| RDFN Redfin Corp. | Sold out | 0.00% | −0.43 |
| JMBS Janus Henderson Mortg Backed | Reduce -1.5% | 2.37% | −0.25 |
| XLK SS Technology Select Sector | Reduce -64.7% | 0.15% | −0.23 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.16 |
| CNA Cna Financial Corp. | Sold out | 0.00% | −0.13 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.12 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.12 |
| MDT Medtronic PLC | Reduce -1.1% | 0.90% | −0.12 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.12 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.11 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.10 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.09 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.09 |
| QUAL iShares MSCI USA Quality Fac | Reduce -0.8% | 2.71% | −0.06 |
| BSMU Invesco Bulletshares 2030 MB | Reduce -18.8% | 0.12% | −0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -3.6% | 0.30% | −0.04 |
| CFG Citizens Financial Group | Reduce -18.5% | 0.10% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -20.2% | 0.08% | −0.02 |
| MOS The Mosaic Co. | Reduce -30.0% | 0.10% | −0.01 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -17.1% | 0.12% | −0.01 |
| IBDW iShares Ibonds Dec 2031 Corp. | Reduce -1.8% | 0.12% | −0.01 |
| V Visa Inc. Class A | Reduce -3.8% | 0.09% | −0.01 |
| BAC Bank of America Corp. | Reduce -9.4% | 0.17% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -1.1% | 0.14% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.5% | 0.71% | −0.01 |
| BX Blackstone Inc. | Reduce -2.3% | 0.12% | −0.00 |
| INTF iShares International Equity | Reduce -2.5% | 0.62% | −0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -1.4% | 0.26% | −0.00 |
| GLW Corning Inc. | Reduce -4.7% | 0.16% | +0.00 |
| WMT Walmart Inc. | Reduce -2.3% | 1.06% | +0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -1.4% | 1.76% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.1% | 0.48% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -3.7% | 0.19% | +0.01 |
| META Meta Platforms Inc. Class A | Reduce -11.9% | 0.38% | +0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -0.4% | 1.90% | +0.08 |
| GE General Electric | Reduce -0.3% | 1.46% | +0.22 |
| AVGO Broadcom Inc. | Reduce -5.1% | 1.97% | +0.60 |
| MSFT Microsoft Corp. | Reduce -0.4% | 9.44% | +1.68 |
Portfolio Buys Q1 2025 → Q2 2025
| CGNG Cap Group New Geography Eq | Add +82.8% | 2.50% | +1.21 |
| RKT Rocket Cos Inc. Class A | Add +304.1% | 1.48% | +1.14 |
| ADSK Autodesk Inc. | New | 0.81% | +0.81 |
| GSLC Goldman Activebeta US LC ETF | Add +9.1% | 6.09% | +0.60 |
| SCHX Schwab US Large-Cap ETF | New | 0.46% | +0.46 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +13.7% | 3.16% | +0.43 |
| IEFA iShares Core MSCI Eafe ETF | Add +2.2% | 6.77% | +0.26 |
| AMZN Amazon.com Inc. | Add +0.7% | 3.82% | +0.25 |
| SCHW Schwab (charles) Corp. | Add +0.7% | 2.19% | +0.17 |
| FESM Fidelity Enhanced Small Cap | Add +16.1% | 1.09% | +0.15 |
| NFLX Netflix Inc. | Add +0.4% | 0.53% | +0.13 |
| NVDA Nvidia Corp. | Add +3.1% | 0.42% | +0.12 |
| T AT&T Inc. | New | 0.11% | +0.11 |
| VFMO Vanguard US Momentum Factor | Add +0.9% | 1.74% | +0.10 |
| MAR Marriott International Class A | New | 0.09% | +0.09 |
| TRMB Trimble Inc. | New | 0.09% | +0.09 |
| FTNT Fortinet Inc. | New | 0.09% | +0.09 |
| SCHA Schwab US Small-Cap ETF | New | 0.08% | +0.08 |
| GSK GSK PLC-Spon ADR | New | 0.08% | +0.08 |
| TT Trane Technologies PLC | New | 0.08% | +0.08 |
| SYK Stryker Corp. | New | 0.08% | +0.08 |
| FELC Fidelity Enh LRG Cap Cor ETF | Add +1.4% | 2.07% | +0.07 |
| DFAE Dimensional Emerging Core Eq | Add +3.1% | 0.98% | +0.06 |
| TSPA T Rowe Price US Eqy Research | Add +2.5% | 1.01% | +0.04 |
| TCAF T Rowe PRC Cap Appreciation | Add +3.1% | 1.05% | +0.04 |
| SCHB Schwab US Broad Market ETF | Add +0.3% | 1.04% | +0.02 |
| TSLA Tesla Inc. | Add +1.4% | 0.18% | +0.02 |
| WM Waste Management Inc. | Add +37.9% | 0.10% | +0.02 |
| AMGN Amgen Inc. | Add +35.6% | 0.19% | +0.02 |
| IBM Intl Business Machines Corp. | Add +10.3% | 0.10% | +0.02 |
| F Ford Motor Co. | Add +12.0% | 0.10% | +0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +2.4% | 0.17% | +0.01 |
| COR Cencora Inc. | Add +0.7% | 2.62% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Add +1.3% | 3.64% | −0.00 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +2.2% | 0.33% | −0.02 |
| SHV iShares 0-1 Year Treasury Bo | Add +2.5% | 0.69% | −0.04 |
| MA Mastercard Inc. Class A | Add +0.4% | 0.85% | −0.05 |
| NI Nisource Inc. | Add +0.9% | 1.00% | −0.07 |
| FBND Fidelity Total Bond ETF | Add +2.6% | 1.44% | −0.08 |
| DTE DTE Energy Company | Add +1.8% | 1.13% | −0.13 |
| MBB iShares MBS ETF | Add +0.7% | 2.62% | −0.20 |
| JAAA Janus Henderson Aaa Clo ETF | Add +0.7% | 3.08% | −0.23 |
| MAA Mid-America Apartment Comm | Add +0.7% | 1.11% | −0.24 |
| IEF iShares 7-10 Year Treasury B | Add +1.4% | 3.82% | −0.25 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 99 | $307.8M | SPYM, IEFA, MSFT, AAPL, SCHM |
| Q1 2026 | 99 | $271.7M | IEFA, SPYM, MSFT, AAPL, GSLC |
| Q4 2025 | 92 | $281.5M | MSFT, IEFA, GSLC, AAPL, SPYM |
| Q3 2025 | 89 | $277.8M | MSFT, IEFA, GSLC, AAPL, SPYM |
| Q2 2025 | 88 | $260.0M | MSFT, IEFA, GSLC, AAPL, AMZN |
| Q1 2025 | 90 | $239.7M | MSFT, IEFA, GSLC, AAPL, IEF |
| Q4 2024 | 85 | $242.7M | MSFT, AAPL, GSLC, IEFA, AMZN |
| Q3 2024 | 82 | $244.5M | MSFT, GSLC, IEFA, AAPL, SCHM |
| Q2 2024 | 81 | $232.8M | MSFT, GSLC, IEFA, AAPL, SCHM |
| Q1 2024 | 75 | $228.6M | GSLC, MSFT, IEFA, MBB, QUAL |