Lincoln Capital Corp.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), Lincoln Capital Corp. reported 92 stock positions worth $281.5 million. Its top holding was Microsoft (MSFT) at 8.1% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 6.8%) and Goldman Activebeta US LC ETF (GSLC, 5.7%). Compared with Q3 2025, it opened 9 new positions, sold out of 6, added to 30 and reduced 37. The biggest buy was a new position in Vanguard Total Intl Bond ETF (BNDX) and the biggest sale iShares MBS ETF (MBB, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- EAST GREENWICH, RI
- CIK
- 0000872359
- Portfolio Value
- $281.5M (Q4 2025)
- SEC Filing
- 0000872359-26-000001 ↗ filed Jan 23, 2026
Holdings Value
Holdings 92 stocks · $281.5M
| MSFT Microsoft Corp. | 8.12% | 47,282 | $22.9M | Reduce -4.3% |
| IEFA iShares Core MSCI Eafe ETF | 6.75% | 212,523 | $19.0M | Add +2.0% |
| GSLC Goldman Activebeta US LC ETF | 5.70% | 121,238 | $16.0M | Reduce -5.5% |
| AAPL Apple Inc. | 5.35% | 55,382 | $15.1M | Add +0.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 5.00% | 175,313 | $14.1M | Add +15.2% |
| IEF iShares 7-10 Year Treasury B | 4.19% | 122,809 | $11.8M | Add +15.1% |
| SCHM Schwab US Mid Cap ETF | 3.66% | 342,595 | $10.3M | Add +1.7% |
| AMZN Amazon.com Inc. | 3.66% | 44,579 | $10.3M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 3.00% | 26,960 | $8.4M | Reduce -3.0% |
| BNDX Vanguard Total Intl Bond ETF | 2.93% | 170,448 | $8.2M | New |
| CGNG Cap Group New Geography Eq filed as CAPITAL GROUP NEW GEOGRAPHY | 2.62% | 231,396 | $7.4M | Add +3.6% |
| COR Cencora Inc. | 2.33% | 19,390 | $6.5M | Reduce -13.7% |
| SCHW Schwab (charles) Corp. | 2.14% | 60,344 | $6.0M | Reduce -0.6% |
| JAAA Janus Henderson Aaa Clo ETF | 2.13% | 118,320 | $6.0M | Reduce -27.2% |
| FBND Fidelity Total Bond ETF | 2.08% | 127,286 | $5.9M | Add +52.2% |
| FELC Fidelity Enh LRG Cap Cor ETF | 2.04% | 150,818 | $5.8M | Reduce -0.5% |
| AVGO Broadcom Inc. | 1.99% | 16,182 | $5.6M | Reduce -13.7% |
| RKT Rocket Cos Inc. Class A | 1.88% | 272,902 | $5.3M | Reduce -0.2% |
| VFMO Vanguard US Momentum Factor | 1.76% | 25,877 | $4.9M | Reduce -1.4% |
| QUAL iShares MSCI USA Quality Fac | 1.72% | 24,365 | $4.8M | Reduce -1.4% |
| IVV iShares Core S&P 500 ETF | 1.62% | 6,658 | $4.6M | Reduce -1.7% |
| SGOV iShares 0-3 Month Treasury B | 1.58% | 44,203 | $4.4M | Reduce -21.9% |
| GE General Electric filed as GE AEROSPACE | 1.56% | 14,223 | $4.4M | Reduce -1.4% |
| PSLV Sprott Physical Silver Trust | 1.38% | 163,800 | $3.9M | Add +152.0% |
| FESM Fidelity Enhanced Small Cap | 1.20% | 89,676 | $3.4M | Add +1.5% |
| WMT Walmart Inc. | 1.10% | 27,860 | $3.1M | Reduce -1.2% |
| TCAF T Rowe PRC Cap Appreciation | 1.09% | 80,387 | $3.1M | Add +1.6% |
| TSPA T Rowe Price US Eqy Research | 1.05% | 69,313 | $3.0M | Add +0.9% |
| SCHB Schwab US Broad Market ETF | 1.05% | 112,648 | $3.0M | Add +0.7% |
| DFAE Dimensional Emerging Core Eq | 1.04% | 90,112 | $2.9M | Add +3.4% |
| NVDA Nvidia Corp. | 1.02% | 15,369 | $2.9M | Add +91.4% |
| DTE DTE Energy Company | 1.02% | 22,208 | $2.9M | Add +0.7% |
| NI Nisource Inc. | 0.96% | 64,388 | $2.7M | Reduce -0.1% |
| TMUS T-Mobile US Inc. | 0.93% | 12,946 | $2.6M | Reduce -1.6% |
| MA Mastercard Inc. Class A | 0.78% | 3,844 | $2.2M | Reduce -1.9% |
| MDT Medtronic PLC | 0.77% | 22,593 | $2.2M | Add +0.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.67% | 6,510 | $1.9M | Reduce -1.0% |
| ADSK Autodesk Inc. | 0.59% | 5,585 | $1.7M | Reduce -5.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.54% | 30,244 | $1.5M | Add +57.8% |
| INTF iShares International Equity | 0.53% | 39,487 | $1.5M | Reduce -2.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.49% | 2,027 | $1.4M | Add +0.5% |
| SAIA Saia Inc. | 0.49% | 4,200 | $1.4M | New |
| SCHX Schwab US Large-Cap ETF | 0.46% | 48,482 | $1.3M | Reduce -0.3% |
| MAA Mid-America Apartment Comm | 0.46% | 9,232 | $1.3M | Reduce -47.5% |
| UNH Unitedhealth Group Inc. | 0.43% | 3,688 | $1.2M | Add +0.1% |
| VIG Vanguard Dividend Apprec ETF | 0.43% | 5,495 | $1.2M | No change |
| AG First Majestic Silver Corp. | 0.42% | 70,150 | $1.2M | Add +104.5% |
| NFLX Netflix Inc. | 0.39% | 11,730 | $1.1M | Add +14.0% |
| SHV iShares 0-1 Year Treasury Bo | 0.38% | 9,647 | $1.1M | Reduce -42.6% |
| CPT Camden Property Trust | 0.36% | 9,110 | $1.0M | New |
| HYMC Hycroft Mining Holding Co. Class A | 0.34% | 40,060 | $952K | New |
| ABT Abbott Laboratories | 0.32% | 7,154 | $896K | No change |
| CVLC Calvert US L-C CR Resp Index | 0.31% | 10,350 | $872K | New |
| META Meta Platforms Inc. Class A | 0.30% | 1,291 | $852K | No change |
| IJR iShares Core S&P Small-Cap E | 0.28% | 6,472 | $778K | No change |
| AMGN Amgen Inc. | 0.26% | 2,235 | $731K | No change |
| EFA iShares MSCI Eafe ETF | 0.25% | 7,458 | $716K | Reduce -0.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.24% | 7,347 | $671K | Reduce -11.1% |
| TSLA Tesla Inc. | 0.22% | 1,395 | $627K | No change |
| JPM JPMorgan Chase & Co. | 0.22% | 1,947 | $627K | Reduce -2.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 9,653 | $531K | Add +3.8% |
| GLW Corning Inc. | 0.19% | 6,062 | $531K | Reduce -8.9% |
| PH Parker Hannifin Corp. | 0.18% | 581 | $511K | No change |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.18% | 11,143 | $495K | No change |
| XLK SS Technology Select Sector | 0.16% | 3,106 | $447K | No change |
| KGC Kinross Gold Corp. | 0.15% | 15,000 | $422K | No change |
| GOOG Alphabet Inc. Class C | 0.15% | 1,335 | $419K | Add +12.7% |
| CFG Citizens Financial Group | 0.13% | 6,180 | $361K | Add +0.8% |
| F Ford Motor Co. filed as FORD MTR CO | 0.13% | 26,964 | $354K | Add +0.6% |
| PFE Pfizer Inc. | 0.11% | 12,829 | $319K | Add +4.7% |
| BX Blackstone Inc. | 0.11% | 1,944 | $300K | No change |
| CAT Caterpillar Inc. | 0.10% | 504 | $289K | New |
| MTUM iShares MSCI USA Momentum Fa | 0.10% | 1,145 | $287K | Reduce -11.2% |
| TRN Trinity Industries Inc. | 0.09% | 10,000 | $264K | New |
| MBB iShares MBS ETF | 0.09% | 2,730 | $260K | Reduce -96.3% |
| JMBS Janus Henderson Mortg Backed | 0.09% | 5,576 | $255K | Reduce -96.1% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.09% | 11,863 | $251K | Reduce -12.3% |
| CVIE Cal Intl Responsible Index | 0.09% | 3,500 | $250K | No change |
| VGIT Vanguard Intermediate-Term T | 0.09% | 4,114 | $247K | Add +15.1% |
| AMD Advanced Micro Devices | 0.09% | 1,140 | $244K | New |
| SCHA Schwab US Small-Cap ETF | 0.09% | 8,552 | $244K | Add +1.0% |
| SGDJ Sprott Jr. Gold Miners ETF | 0.09% | 2,876 | $242K | No change |
| GEV GE Vernova Inc. | 0.09% | 369 | $241K | No change |
| V Visa Inc. Class A | 0.08% | 672 | $236K | Add +3.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.08% | 2,020 | $235K | Add +0.5% |
| TRMB Trimble Inc. | 0.08% | 2,916 | $228K | Reduce -5.0% |
| COST Costco Wholesale Corp. | 0.08% | 263 | $227K | No change |
| BSMU Invesco Bulletshares 2030 MB | 0.08% | 10,117 | $223K | Reduce -5.0% |
| GS Goldman Sachs Group Inc. | 0.08% | 250 | $220K | New |
| APH Amphenol Corp. Class A | 0.08% | 1,597 | $216K | Reduce -29.4% |
| IWF iShares Russell 1000 Growth | 0.07% | 446 | $211K | No change |
| DJT Trump Media & Technology Gro | 0.05% | 10,000 | $132K | Reduce -50.0% |
Portfolio Sells Q3 2025 → Q4 2025
| MBB iShares MBS ETF | Reduce -96.3% | 0.09% | −2.43 |
| JMBS Janus Henderson Mortg Backed | Reduce -96.1% | 0.09% | −2.24 |
| MSFT Microsoft Corp. | Reduce -4.3% | 8.12% | −1.09 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -27.2% | 2.13% | −0.84 |
| CEF Sprott Physical Gold and Sil | Sold out | 0.00% | −0.57 |
| SGOV iShares 0-3 Month Treasury B | Reduce -21.9% | 1.58% | −0.47 |
| MAA Mid-America Apartment Comm | Reduce -47.5% | 0.46% | −0.43 |
| GSLC Goldman Activebeta US LC ETF | Reduce -5.5% | 5.70% | −0.31 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -42.6% | 0.38% | −0.29 |
| AVGO Broadcom Inc. | Reduce -13.7% | 1.99% | −0.24 |
| COR Cencora Inc. | Reduce -13.7% | 2.33% | −0.20 |
| TMUS T-Mobile US Inc. | Reduce -1.6% | 0.93% | −0.20 |
| T AT&T Inc. | Sold out | 0.00% | −0.10 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.10 |
| ADSK Autodesk Inc. | Reduce -5.3% | 0.59% | −0.09 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.09 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.08 |
| DJT Trump Media & Technology Gro | Reduce -50.0% | 0.05% | −0.07 |
| VFMO Vanguard US Momentum Factor | Reduce -1.4% | 1.76% | −0.05 |
| NI Nisource Inc. | Reduce -0.1% | 0.96% | −0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -11.1% | 0.24% | −0.03 |
| RKT Rocket Cos Inc. Class A | Reduce -0.2% | 1.88% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.0% | 0.67% | −0.02 |
| APH Amphenol Corp. Class A | Reduce -29.4% | 0.08% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -1.9% | 0.78% | −0.02 |
| NFGC New Found Gold Corp. | Sold out | 0.00% | −0.02 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -11.2% | 0.10% | −0.02 |
| IBDW iShares Ibonds Dec 2031 Corp. | Reduce -12.3% | 0.09% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -1.7% | 1.62% | −0.01 |
| QUAL iShares MSCI USA Quality Fac | Reduce -1.4% | 1.72% | −0.01 |
| TRMB Trimble Inc. | Reduce -5.0% | 0.08% | −0.01 |
| GLW Corning Inc. | Reduce -8.9% | 0.19% | −0.01 |
| GE General Electric | Reduce -1.4% | 1.56% | −0.01 |
| BSMU Invesco Bulletshares 2030 MB | Reduce -5.0% | 0.08% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -2.2% | 0.22% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.3% | 0.46% | +0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -0.4% | 0.25% | +0.00 |
| INTF iShares International Equity | Reduce -2.6% | 0.53% | +0.01 |
| FELC Fidelity Enh LRG Cap Cor ETF | Reduce -0.5% | 2.04% | +0.01 |
| SCHW Schwab (charles) Corp. | Reduce -0.6% | 2.14% | +0.06 |
| WMT Walmart Inc. | Reduce -1.2% | 1.10% | +0.06 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 3.66% | +0.08 |
| GOOGL Alphabet Inc. Class A | Reduce -3.0% | 3.00% | +0.57 |
Portfolio Buys Q3 2025 → Q4 2025
| BNDX Vanguard Total Intl Bond ETF | New | 2.93% | +2.93 |
| PSLV Sprott Physical Silver Trust | Add +152.0% | 1.38% | +1.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +15.2% | 5.00% | +0.70 |
| FBND Fidelity Total Bond ETF | Add +52.2% | 2.08% | +0.69 |
| IEF iShares 7-10 Year Treasury B | Add +15.1% | 4.19% | +0.49 |
| SAIA Saia Inc. | New | 0.49% | +0.49 |
| NVDA Nvidia Corp. | Add +91.4% | 1.02% | +0.48 |
| CPT Camden Property Trust | New | 0.36% | +0.36 |
| HYMC Hycroft Mining Holding Co. Class A | New | 0.34% | +0.34 |
| CVLC Calvert US L-C CR Resp Index | New | 0.31% | +0.31 |
| AAPL Apple Inc. | Add +0.6% | 5.35% | +0.30 |
| AG First Majestic Silver Corp. | Add +104.5% | 0.42% | +0.26 |
| IEFA iShares Core MSCI Eafe ETF | Add +2.0% | 6.75% | +0.20 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +57.8% | 0.54% | +0.19 |
| CGNG Cap Group New Geography Eq | Add +3.6% | 2.62% | +0.14 |
| CAT Caterpillar Inc. | New | 0.10% | +0.10 |
| TRN Trinity Industries Inc. | New | 0.09% | +0.09 |
| AMD Advanced Micro Devices | New | 0.09% | +0.09 |
| GS Goldman Sachs Group Inc. | New | 0.08% | +0.08 |
| SCHM Schwab US Mid Cap ETF | Add +1.7% | 3.66% | +0.07 |
| DFAE Dimensional Emerging Core Eq | Add +3.4% | 1.04% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +12.7% | 0.15% | +0.04 |
| FESM Fidelity Enhanced Small Cap | Add +1.5% | 1.20% | +0.04 |
| TCAF T Rowe PRC Cap Appreciation | Add +1.6% | 1.09% | +0.02 |
| TSPA T Rowe Price US Eqy Research | Add +0.9% | 1.05% | +0.02 |
| BAC Bank of America Corp. | Add +3.8% | 0.19% | +0.02 |
| SCHB Schwab US Broad Market ETF | Add +0.7% | 1.05% | +0.01 |
| CFG Citizens Financial Group | Add +0.8% | 0.13% | +0.01 |
| VGIT Vanguard Intermediate-Term T | Add +15.1% | 0.09% | +0.01 |
| F Ford Motor Co. | Add +0.6% | 0.13% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.5% | 0.49% | +0.01 |
| BNY Bank of New York Mellon Corp. | Add +0.5% | 0.08% | +0.00 |
| V Visa Inc. Class A | Add +3.1% | 0.08% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Add +1.0% | 0.09% | +0.00 |
| PFE Pfizer Inc. | Add +4.7% | 0.11% | +0.00 |
| MDT Medtronic PLC | Add +0.3% | 0.77% | −0.00 |
| UNH Unitedhealth Group Inc. | Add +0.1% | 0.43% | −0.03 |
| NFLX Netflix Inc. | Add +14.0% | 0.39% | −0.05 |
| DTE DTE Energy Company | Add +0.7% | 1.02% | −0.11 |
Notes & Other Activity Q3 2025 → Q4 2025
| DJTWW Trump Media & Technology Gro | *W EXP 03/25/202 | Sold out | 35,000 | $283Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |