Lincoln Capital LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 16, 2024), Lincoln Capital LLC reported 110 stock positions worth $449.2 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 9.1% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 7.8%) and Mastercard Class A (MA, 7.0%). Compared with Q4 2023, it opened 2 new positions, sold out of 1, added to 16 and reduced 51. The biggest buy was Hagerty Class A (HGTY, shares +28%) and the biggest sale Starbucks (SBUX, shares −0%).

Most Recent 13F
Q2 2026
Location
LINCOLN, NE
CIK
0001633862
Portfolio Value
$449.2M (Q1 2024)
SEC Filing
0001085146-24-001826 ↗ filed Apr 16, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $449.2M $449.2M Q1 2024 Q2 2024: $448.1M Q2 2024 Q3 2024: $472.8M Q3 2024 Q4 2024: $475.7M Q4 2024 Q1 2025: $478.9M Q1 2025 Q2 2025: $519.7M Q2 2025 Q3 2025: $533.8M Q3 2025 Q4 2025: $551.8M Q4 2025 Q1 2026: $527.8M Q1 2026 Q2 2026: $562.0M Q2 2026

Holdings 110 stocks · $449.2M
BRK.B Berkshire Hathaway Inc. Class B 9.09% 97,040 $40.8M Reduce -0.7%
BRK.A Berkshire Hathaway Inc. Class A 7.77% 55 $34.9M No change
MA Mastercard Inc. Class A 6.96% 64,882 $31.2M Reduce -0.2%
MKL Markel Group Inc. 6.16% 18,180 $27.7M Add +0.9%
COST Costco Wholesale Corp. 6.09% 37,324 $27.3M Reduce -0.1%
GOOGL Alphabet Inc. Class A 5.76% 171,300 $25.9M Reduce -0.3%
DHR Danaher Corp. 4.38% 78,766 $19.7M Reduce -0.2%
MSFT Microsoft Corp. 3.91% 41,785 $17.6M Reduce -0.3%
SBUX Starbucks Corp. 3.63% 178,632 $16.3M Reduce -0.5%
AMZN Amazon.com Inc. 3.44% 85,750 $15.5M Reduce -0.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.69% 98,801 $12.1M Reduce -0.7%
AAPL Apple Inc. 2.22% 58,025 $10.0M Reduce -0.6%
MCD McDonald's Corp. 2.16% 34,423 $9.7M Reduce -0.3%
DEO Diageo PLC-Sponsored ADR 2.09% 63,013 $9.4M Reduce -2.3%
ROP Roper Technologies Inc. 1.82% 14,551 $8.2M Reduce -0.8%
OTIS Otis Worldwide Corp. 1.71% 77,515 $7.7M Reduce -0.3%
MAR Marriott International Class A 1.56% 27,689 $7.0M Reduce -0.7%
LIN Linde PLC 1.51% 14,597 $6.8M Reduce -0.3%
CARR Carrier Global Corp. 1.51% 116,558 $6.8M Add +1.3%
JPM JPMorgan Chase & Co. 1.40% 31,475 $6.3M Reduce -0.7%
UNP Union Pacific Corp. 1.24% 22,569 $5.6M Reduce -0.3%
KO The Coca-Cola Co. 1.15% 84,711 $5.2M Reduce -0.6%
MCO Moody's Corp. 1.07% 12,233 $4.8M Reduce -0.6%
SCHW Schwab (charles) Corp. 1.06% 65,887 $4.8M Reduce -1.2%
JNJ Johnson & Johnson 0.94% 26,665 $4.2M Reduce -1.8%
BDX Becton Dickinson and Co. 0.87% 15,816 $3.9M Reduce -2.1%
HGTY Hagerty Inc. Class A 0.86% 420,545 $3.8M Add +27.9%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.83% 65,076 $3.7M Reduce -1.2%
AXP American Express Co. 0.80% 15,733 $3.6M No change
TRV The Travelers Cos Inc. 0.77% 14,941 $3.4M Reduce -0.9%
PEP Pepsico Inc. 0.67% 17,145 $3.0M Add +0.2%
CPRT Copart Inc. 0.62% 47,989 $2.8M Reduce -1.0%
BLK BlackRock Finance Inc. 0.53% 2,867 $2.4M Reduce -0.3%
IVV iShares Core S&P 500 ETF 0.52% 4,443 $2.3M Reduce -4.3%
VLTO Veralto Corp. 0.50% 25,573 $2.3M Reduce -0.6%
FAST Fastenal Co. 0.50% 28,983 $2.2M Reduce -0.0%
GOOG Alphabet Inc. Class C 0.45% 13,149 $2.0M Reduce -0.0%
DE Deere & Co. 0.44% 4,830 $2.0M Reduce -4.9%
ECL Ecolab Inc. 0.43% 8,371 $1.9M Reduce -0.4%
CB Chubb Ltd. 0.41% 7,153 $1.9M Add +0.1%
IEFA iShares Core MSCI Eafe ETF 0.34% 20,668 $1.5M Reduce -3.9%
HD Home Depot Inc. 0.32% 3,771 $1.4M Reduce -0.1%
APH Amphenol Corp. Class A 0.31% 12,055 $1.4M Reduce -1.5%
IJH iShares Core S&P Midcap ETF 0.29% 21,358 $1.3M Reduce -2.7%
WMT Walmart Inc. 0.28% 20,598 $1.2M No change
CINF Cincinnati Financial Corp. 0.27% 9,806 $1.2M No change
ESAB Esab Corp. 0.26% 10,726 $1.2M Add +0.1%
IJR iShares Core S&P Small-Cap E 0.25% 10,216 $1.1M Reduce -2.2%
UPS United Parcel Service Class B 0.24% 7,233 $1.1M No change
ACN Accenture PLC Class A 0.24% 3,080 $1.1M No change
NKE Nike Inc. Class B 0.24% 11,311 $1.1M No change
PG The Procter & Gamble Co. 0.24% 6,544 $1.1M No change
BAM Brookfield Asset Mgmt-A 0.23% 24,490 $1.0M Reduce -1.9%
SPGI S&P Global Inc. 0.23% 2,408 $1.0M Reduce -7.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.22% 2,847 $980K Add +0.7%
AMAT Applied Materials Inc. 0.21% 4,502 $928K Reduce -0.3%
CL Colgate-Palmolive Co. 0.20% 10,077 $907K No change
USMV iShares MSCI USA Min Vol Fac 0.20% 10,811 $904K Reduce -1.7%
XOM Exxon Mobil Corp. 0.20% 7,773 $903K No change
WCN Waste Connections Inc. 0.19% 5,062 $871K No change
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 0.18% 31,665 $816K Add +3.8%
CGGR Cap Group Growth Equity 0.18% 24,972 $799K Add +14.8%
PSX Phillips 66 0.18% 4,840 $791K Reduce -0.6%
MTD Mettler-Toledo International 0.17% 575 $765K No change
DGRO iShares Core Dividend Growth 0.17% 12,851 $746K Reduce -0.5%
GLD SPDR Gold Shares 0.17% 3,602 $741K Reduce -1.1%
SYK Stryker Corp. 0.14% 1,780 $637K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.14% 3,809 $620K Add +1.7%
V Visa Inc. Class A 0.13% 2,131 $595K Reduce -2.6%
HSY The Hershey Co. 0.13% 2,998 $583K No change
BN Brookfield Corp. 0.13% 13,866 $581K Reduce -0.0%
XYL Xylem Inc. 0.13% 4,488 $580K No change
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.13% 17,611 $572K Add +7.3%
AMT American Tower Corp. 0.12% 2,700 $533K No change
ADP Automatic Data Processing 0.12% 2,126 $531K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.11% 977 $511K No change
HSIC Henry Schein Inc. 0.11% 6,500 $491K No change
VEA Vanguard Ftse Developed ETF 0.10% 8,655 $434K Add +1.9%
NVDA Nvidia Corp. 0.10% 475 $429K Add +9.9%
VWO Vanguard Ftse Emerging Marke 0.09% 9,295 $388K Add +3.0%
META Meta Platforms Inc. Class A 0.09% 798 $387K No change
WFC Wells Fargo & Co. 0.09% 6,665 $386K No change
USB US Bancorp 0.08% 8,180 $366K No change
ETN Eaton Corp. PLC 0.08% 1,162 $363K No change
MKC McCormick & Co.-Non VTG SHRS 0.08% 4,563 $351K Add +0.1%
PFE Pfizer Inc. 0.08% 12,559 $349K No change
RTX RTX Corp. 0.08% 3,530 $344K Reduce -1.7%
COP Conocophillips 0.07% 2,543 $324K No change
UL Unilever PLC 0.07% 6,434 $323K No change
INTC Intel Corp. 0.07% 7,230 $319K No change
ITOT iShares Core S&P Total U.S. 0.07% 2,649 $305K Reduce -4.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.07% 2,406 $293K No change
NUE Nucor Corp. 0.06% 1,423 $282K No change
VOO Vanguard S&P 500 ETF 0.06% 574 $276K Reduce -4.2%
VB Vanguard Most SM-Cap ETF-Usd 0.06% 1,202 $275K Add +8.7%
NTRS Northern Trust Corp. 0.06% 3,002 $267K Reduce -6.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.06% 6,965 $264K No change
IWM iShares Russell 2000 ETF 0.06% 1,246 $262K No change
VNQ Vanguard Real Estate ETF 0.06% 3,000 $259K No change
SYY Sysco Corp. 0.06% 3,172 $258K No change
CSCO Cisco Systems Inc. 0.06% 5,060 $253K No change
ORCL Oracle Corp. 0.06% 1,999 $251K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 1,312 $251K No change
DFAC Dimensional US Core Equity 2 0.06% 7,766 $248K No change
TSLA Tesla Inc. 0.05% 1,390 $244K No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.05% 1,560 $240K No change
RH RH 0.05% 632 $220K New
ROST Ross Stores Inc. 0.04% 1,368 $201K New
SMR Nuscale Power Corp. 0.02% 15,956 $85K No change
GLDG Goldmining Inc. 0.00% 10,752 $9K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $249K (not counted above)
SecurityClassShares / PrincipalValueChange
HAGERTY INC *W EXP 12/02/202 127,820$249KNew

Total filed on the 13F, all lines: $449.4M.

Portfolio Sells Q4 2023 → Q1 2024
SBUX Starbucks Corp. Reduce -0.5% 3.63% −0.56
AAPL Apple Inc. Reduce -0.6% 2.22% −0.52
MCD McDonald's Corp. Reduce -0.3% 2.16% −0.33
DEO Diageo PLC-Sponsored ADR Reduce -2.3% 2.09% −0.20
ROP Roper Technologies Inc. Reduce -0.8% 1.82% −0.13
UNP Union Pacific Corp. Reduce -0.3% 1.24% −0.12
MCO Moody's Corp. Reduce -0.6% 1.07% −0.10
JNJ Johnson & Johnson Reduce -1.8% 0.94% −0.10
GOOGL Alphabet Inc. Class A Reduce -0.3% 5.76% −0.10
BDX Becton Dickinson and Co. Reduce -2.1% 0.87% −0.09
DHR Danaher Corp. Reduce -0.2% 4.38% −0.07
KO The Coca-Cola Co. Reduce -0.6% 1.15% −0.07
SCHW Schwab (charles) Corp. Reduce -1.2% 1.06% −0.06
DE Deere & Co. Reduce -4.9% 0.44% −0.05
SPGI S&P Global Inc. Reduce -7.1% 0.23% −0.05
PM Philip Morris International Sold out 0.00% −0.05
BLK BlackRock Finance Inc. Reduce -0.3% 0.53% −0.04
IEFA iShares Core MSCI Eafe ETF Reduce -3.9% 0.34% −0.03
IJR iShares Core S&P Small-Cap E Reduce -2.2% 0.25% −0.02
IVV iShares Core S&P 500 ETF Reduce -4.3% 0.52% −0.02
BAM Brookfield Asset Mgmt-A Reduce -1.9% 0.23% −0.02
VLTO Veralto Corp. Reduce -0.6% 0.50% −0.01
USMV iShares MSCI USA Min Vol Fac Reduce -1.7% 0.20% −0.01
IJH iShares Core S&P Midcap ETF Reduce -2.7% 0.29% −0.01
NTRS Northern Trust Corp. Reduce -6.9% 0.06% −0.01
BN Brookfield Corp. Reduce -0.0% 0.13% −0.01
V Visa Inc. Class A Reduce -2.6% 0.13% −0.01
GOOG Alphabet Inc. Class C Reduce -0.0% 0.45% −0.01
GLD SPDR Gold Shares Reduce -1.1% 0.17% −0.00
DGRO iShares Core Dividend Growth Reduce -0.5% 0.17% −0.00
ITOT iShares Core S&P Total U.S. Reduce -4.2% 0.07% −0.00
VOO Vanguard S&P 500 ETF Reduce -4.2% 0.06% −0.00
BNY Bank of New York Mellon Corp. Reduce -1.2% 0.83% −0.00
RTX RTX Corp. Reduce -1.7% 0.08% +0.00
HD Home Depot Inc. Reduce -0.1% 0.32% +0.00
APH Amphenol Corp. Class A Reduce -1.5% 0.31% +0.01
OTIS Otis Worldwide Corp. Reduce -0.3% 1.71% +0.02
PSX Phillips 66 Reduce -0.6% 0.18% +0.02
MAR Marriott International Class A Reduce -0.7% 1.56% +0.02
ECL Ecolab Inc. Reduce -0.4% 0.43% +0.02
AMAT Applied Materials Inc. Reduce -0.3% 0.21% +0.03
CPRT Copart Inc. Reduce -1.0% 0.62% +0.04
FAST Fastenal Co. Reduce -0.0% 0.50% +0.04
LIN Linde PLC Reduce -0.3% 1.51% +0.04
TRV The Travelers Cos Inc. Reduce -0.9% 0.77% +0.07
MSFT Microsoft Corp. Reduce -0.3% 3.91% +0.07
COST Costco Wholesale Corp. Reduce -0.1% 6.09% +0.08
JPM JPMorgan Chase & Co. Reduce -0.7% 1.40% +0.09
MA Mastercard Inc. Class A Reduce -0.2% 6.96% +0.20
AMZN Amazon.com Inc. Reduce -0.3% 3.44% +0.26

Portfolio Buys Q4 2023 → Q1 2024
HGTY Hagerty Inc. Class A Add +27.9% 0.86% +0.22
RH RH New 0.05% +0.05
ROST Ross Stores Inc. New 0.04% +0.04
NVDA Nvidia Corp. Add +9.9% 0.10% +0.04
ESAB Esab Corp. Add +0.1% 0.26% +0.04
CGGR Cap Group Growth Equity Add +14.8% 0.18% +0.03
CB Chubb Ltd. Add +0.1% 0.41% +0.02
CGDV Cap Group Dividend Value Add +7.3% 0.13% +0.01
CGXU Cap Group Intl Focus Add +3.8% 0.18% +0.00
VUG Vanguard Mrngstar GR ETF-Sui Add +0.7% 0.22% +0.00
VB Vanguard Most SM-Cap ETF-Usd Add +8.7% 0.06% +0.00
MKC McCormick & Co.-Non VTG SHRS Add +0.1% 0.08% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +1.7% 0.14% +0.00
VEA Vanguard Ftse Developed ETF Add +1.9% 0.10% −0.00
VWO Vanguard Ftse Emerging Marke Add +3.0% 0.09% −0.00
PEP Pepsico Inc. Add +0.2% 0.67% −0.04
MKL Markel Group Inc. Add +0.9% 6.16% −0.07
CARR Carrier Global Corp. Add +1.3% 1.51% −0.10

Notes & Other Activity Q4 2023 → Q1 2024
HAGERTY INC *W EXP 12/02/202 New 127,820 $249K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 137$562.0MGOOGL, BRK.B, BRK.A, MKL, COST
Q1 2026 135$527.8MBRK.B, GOOGL, BRK.A, MKL, COST
Q4 2025 131$551.8MGOOGL, BRK.B, BRK.A, MKL, MA
Q3 2025 124$533.8MBRK.B, BRK.A, GOOGL, MA, MKL
Q2 2025 123$519.7MBRK.B, BRK.A, MKL, COST, MA
Q1 2025 117$478.9MBRK.B, BRK.A, COST, MA, MKL
Q4 2024 116$475.7MBRK.B, BRK.A, COST, MA, GOOGL
Q3 2024 112$472.8MBRK.B, BRK.A, COST, MA, MKL
Q2 2024 109$448.1MBRK.B, BRK.A, COST, GOOGL, MKL
Q1 2024 110$449.2MBRK.B, BRK.A, MA, MKL, COST