Lincoln Capital LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 23, 2024), Lincoln Capital LLC reported 109 stock positions worth $448.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 8.7% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 7.5%) and Costco Wholesale (COST, 7.0%). Compared with Q1 2024, it opened 2 new positions, sold out of 3, added to 26 and reduced 47. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale Mastercard Class A (MA, shares −1%).

Most Recent 13F
Q2 2026
Location
LINCOLN, NE
CIK
0001633862
Portfolio Value
$448.1M (Q2 2024)
SEC Filing
0001085146-24-003164 ↗ filed Jul 23, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $449.2M Q1 2024 Q2 2024: $448.1M $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 109 stocks · $448.1M
BRK.B Berkshire Hathaway Inc. Class B 8.72% 96,044 $39.1M Reduce -1.0%
BRK.A Berkshire Hathaway Inc. Class A 7.51% 55 $33.7M No change
COST Costco Wholesale Corp. 7.05% 37,157 $31.6M Reduce -0.5%
GOOGL Alphabet Inc. Class A 6.87% 169,022 $30.8M Reduce -1.3%
MKL Markel Group Inc. 6.34% 18,045 $28.4M Reduce -0.7%
MA Mastercard Inc. Class A 6.34% 64,437 $28.4M Reduce -0.7%
DHR Danaher Corp. 4.38% 78,503 $19.6M Reduce -0.3%
MSFT Microsoft Corp. 4.12% 41,269 $18.4M Reduce -1.2%
AMZN Amazon.com Inc. 3.68% 85,233 $16.5M Reduce -0.6%
SBUX Starbucks Corp. 3.06% 176,419 $13.7M Reduce -1.2%
AAPL Apple Inc. 2.73% 58,116 $12.2M Add +0.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.16% 97,385 $9.7M Reduce -1.4%
MCD McDonald's Corp. 1.93% 33,990 $8.7M Reduce -1.3%
ROP Roper Technologies Inc. 1.82% 14,457 $8.1M Reduce -0.7%
DEO Diageo PLC-Sponsored ADR 1.74% 61,910 $7.8M Reduce -1.8%
OTIS Otis Worldwide Corp. 1.66% 77,267 $7.4M Reduce -0.3%
CARR Carrier Global Corp. 1.63% 116,065 $7.3M Reduce -0.4%
MAR Marriott International Class A 1.49% 27,556 $6.7M Reduce -0.5%
LIN Linde PLC 1.42% 14,509 $6.4M Reduce -0.6%
JPM JPMorgan Chase & Co. 1.42% 31,458 $6.4M Reduce -0.1%
KO The Coca-Cola Co. 1.20% 84,465 $5.4M Reduce -0.3%
MCO Moody's Corp. 1.14% 12,184 $5.1M Reduce -0.4%
UNP Union Pacific Corp. 1.13% 22,475 $5.1M Reduce -0.4%
SCHW Schwab (charles) Corp. 1.07% 65,236 $4.8M Reduce -1.0%
HGTY Hagerty Inc. Class A 1.00% 430,944 $4.5M Add +2.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.87% 65,081 $3.9M Add +0.0%
JNJ Johnson & Johnson 0.86% 26,251 $3.8M Reduce -1.6%
BDX Becton Dickinson and Co. 0.82% 15,674 $3.7M Reduce -0.9%
AXP American Express Co. 0.81% 15,618 $3.6M Reduce -0.7%
TRV The Travelers Cos Inc. 0.68% 14,943 $3.0M Add +0.0%
PEP Pepsico Inc. 0.63% 17,080 $2.8M Reduce -0.4%
CPRT Copart Inc. 0.58% 47,744 $2.6M Reduce -0.5%
VLTO Veralto Corp. 0.54% 25,543 $2.4M Reduce -0.1%
GOOG Alphabet Inc. Class C 0.54% 13,149 $2.4M No change
IVV iShares Core S&P 500 ETF 0.53% 4,376 $2.4M Reduce -1.5%
BLK BlackRock Finance Inc. 0.49% 2,778 $2.2M Reduce -3.1%
ECL Ecolab Inc. 0.43% 8,149 $1.9M Reduce -2.6%
CB Chubb Ltd. 0.41% 7,153 $1.8M No change
FAST Fastenal Co. 0.41% 28,983 $1.8M No change
DE Deere & Co. 0.40% 4,822 $1.8M Reduce -0.2%
APH Amphenol Corp. Class A 0.36% 24,010 $1.6M Reduce -0.4%
WMT Walmart Inc. 0.31% 20,598 $1.4M No change
IEFA iShares Core MSCI Eafe ETF 0.31% 19,009 $1.4M Reduce -8.0%
HD Home Depot Inc. 0.29% 3,756 $1.3M Reduce -0.4%
IJH iShares Core S&P Midcap ETF 0.28% 21,132 $1.2M Reduce -1.1%
ESAB Esab Corp. 0.26% 12,564 $1.2M Add +17.1%
CINF Cincinnati Financial Corp. 0.26% 9,806 $1.2M No change
SPGI S&P Global Inc. 0.24% 2,408 $1.1M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.24% 2,861 $1.1M Add +0.5%
IJR iShares Core S&P Small-Cap E 0.24% 10,008 $1.1M Reduce -2.0%
PG The Procter & Gamble Co. 0.24% 6,454 $1.1M Reduce -1.4%
AMAT Applied Materials Inc. 0.24% 4,502 $1.1M No change
UPS United Parcel Service Class B 0.21% 6,932 $949K Reduce -4.2%
ACN Accenture PLC Class A 0.21% 3,106 $942K Add +0.8%
CL Colgate-Palmolive Co. 0.21% 9,687 $940K Reduce -3.9%
XOM Exxon Mobil Corp. 0.20% 7,947 $915K Add +2.2%
BAM Brookfield Asset Mgmt-A 0.20% 24,042 $915K Reduce -1.8%
USMV iShares MSCI USA Min Vol Fac 0.20% 10,811 $908K No change
CGGR Cap Group Growth Equity 0.20% 27,402 $901K Add +9.7%
WCN Waste Connections Inc. 0.20% 5,062 $888K No change
NKE Nike Inc. Class B 0.19% 11,311 $853K No change
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 0.18% 32,002 $823K Add +1.1%
MTD Mettler-Toledo International 0.18% 575 $804K No change
DGRO iShares Core Dividend Growth 0.16% 12,501 $720K Reduce -2.7%
PSX Phillips 66 0.15% 4,847 $684K Add +0.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.14% 3,959 $635K Add +3.9%
XYL Xylem Inc. 0.14% 4,488 $609K No change
SYK Stryker Corp. 0.14% 1,780 $606K No change
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.13% 17,991 $594K Add +2.2%
NVDA Nvidia Corp. 0.13% 4,802 $593K Add +1.1%
BN Brookfield Corp. 0.13% 13,887 $577K Add +0.1%
V Visa Inc. Class A 0.12% 2,131 $559K No change
HSY The Hershey Co. 0.12% 2,998 $551K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.12% 1,002 $546K Add +2.6%
GLD SPDR Gold Shares 0.12% 2,518 $541K Reduce -30.1%
AMT American Tower Corp. 0.12% 2,700 $525K No change
ADP Automatic Data Processing 0.11% 2,126 $507K No change
VWO Vanguard Ftse Emerging Marke 0.10% 9,995 $437K Add +7.5%
VEA Vanguard Ftse Developed ETF 0.09% 8,594 $425K Reduce -0.7%
VOO Vanguard S&P 500 ETF 0.09% 839 $420K Add +46.2%
HSIC Henry Schein Inc. 0.09% 6,500 $417K No change
WFC Wells Fargo & Co. 0.09% 7,006 $416K Add +5.1%
META Meta Platforms Inc. Class A 0.09% 798 $402K No change
PFE Pfizer Inc. 0.09% 13,659 $382K Add +8.8%
ETN Eaton Corp. PLC 0.08% 1,162 $364K No change
UL Unilever PLC 0.08% 6,434 $354K No change
USB US Bancorp 0.07% 8,180 $325K No change
MKC McCormick & Co.-Non VTG SHRS 0.07% 4,566 $324K Add +0.1%
ITOT iShares Core S&P Total U.S. 0.07% 2,658 $316K Add +0.3%
RTX RTX Corp. 0.07% 3,120 $313K Reduce -11.6%
VB Vanguard Most SM-Cap ETF-Usd 0.07% 1,337 $292K Add +11.2%
ORCL Oracle Corp. 0.06% 2,054 $290K Add +2.8%
COP Conocophillips 0.06% 2,453 $281K Reduce -3.5%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.06% 2,406 $277K No change
TSLA Tesla Inc. 0.06% 1,390 $275K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.06% 6,815 $271K Reduce -2.1%
NTRS Northern Trust Corp. 0.06% 3,025 $254K Add +0.8%
IWM iShares Russell 2000 ETF 0.06% 1,246 $253K No change
VNQ Vanguard Real Estate ETF 0.06% 3,000 $251K No change
DFAC Dimensional US Core Equity 2 0.06% 7,766 $250K No change
CSCO Cisco Systems Inc. 0.05% 5,060 $240K No change
QCOM Qualcomm Inc. 0.05% 1,150 $229K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 1,322 $229K Add +0.8%
SYY Sysco Corp. 0.05% 3,172 $226K No change
NUE Nucor Corp. 0.05% 1,423 $225K No change
INTC Intel Corp. 0.05% 7,230 $224K No change
PM Philip Morris International 0.05% 2,060 $209K New
SMR Nuscale Power Corp. 0.04% 15,956 $187K No change
GLDG Goldmining Inc. 0.00% 10,752 $10K No change

Portfolio Sells Q1 2024 → Q2 2024
MA Mastercard Inc. Class A Reduce -0.7% 6.34% −0.61
SBUX Starbucks Corp. Reduce -1.2% 3.06% −0.57
DIS The Walt Disney Co. Reduce -1.4% 2.16% −0.53
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 8.72% −0.37
DEO Diageo PLC-Sponsored ADR Reduce -1.8% 1.74% −0.34
MCD McDonald's Corp. Reduce -1.3% 1.93% −0.23
UNP Union Pacific Corp. Reduce -0.4% 1.13% −0.10
LIN Linde PLC Reduce -0.6% 1.42% −0.09
JNJ Johnson & Johnson Reduce -1.6% 0.86% −0.08
MAR Marriott International Class A Reduce -0.5% 1.49% −0.07
BDX Becton Dickinson and Co. Reduce -0.9% 0.82% −0.05
EL Estee Lauder Companies Class A Sold out 0.00% −0.05
OTIS Otis Worldwide Corp. Reduce -0.3% 1.66% −0.05
RH RH Sold out 0.00% −0.05
ROST Ross Stores Inc. Sold out 0.00% −0.04
GLD SPDR Gold Shares Reduce -30.1% 0.12% −0.04
BLK BlackRock Finance Inc. Reduce -3.1% 0.49% −0.04
CPRT Copart Inc. Reduce -0.5% 0.58% −0.04
DE Deere & Co. Reduce -0.2% 0.40% −0.04
PEP Pepsico Inc. Reduce -0.4% 0.63% −0.04
HD Home Depot Inc. Reduce -0.4% 0.29% −0.03
IEFA iShares Core MSCI Eafe ETF Reduce -8.0% 0.31% −0.03
UPS United Parcel Service Class B Reduce -4.2% 0.21% −0.03
BAM Brookfield Asset Mgmt-A Reduce -1.8% 0.20% −0.03
IJR iShares Core S&P Small-Cap E Reduce -2.0% 0.24% −0.01
IJH iShares Core S&P Midcap ETF Reduce -1.1% 0.28% −0.01
COP Conocophillips Reduce -3.5% 0.06% −0.01
RTX RTX Corp. Reduce -11.6% 0.07% −0.01
DGRO iShares Core Dividend Growth Reduce -2.7% 0.16% −0.01
DHR Danaher Corp. Reduce -0.3% 4.38% −0.00
VEA Vanguard Ftse Developed ETF Reduce -0.7% 0.09% −0.00
PG The Procter & Gamble Co. Reduce -1.4% 0.24% +0.00
ROP Roper Technologies Inc. Reduce -0.7% 1.82% +0.00
BAC Bank of America Corp. Reduce -2.1% 0.06% +0.00
ECL Ecolab Inc. Reduce -2.6% 0.43% +0.00
CL Colgate-Palmolive Co. Reduce -3.9% 0.21% +0.01
AXP American Express Co. Reduce -0.7% 0.81% +0.01
SCHW Schwab (charles) Corp. Reduce -1.0% 1.07% +0.01
IVV iShares Core S&P 500 ETF Reduce -1.5% 0.53% +0.01
JPM JPMorgan Chase & Co. Reduce -0.1% 1.42% +0.02
VLTO Veralto Corp. Reduce -0.1% 0.54% +0.04
KO The Coca-Cola Co. Reduce -0.3% 1.20% +0.05
APH Amphenol Corp. Class A Reduce -0.4% 0.36% +0.05
MCO Moody's Corp. Reduce -0.4% 1.14% +0.07
CARR Carrier Global Corp. Reduce -0.4% 1.63% +0.13
MKL Markel Group Inc. Reduce -0.7% 6.34% +0.19
MSFT Microsoft Corp. Reduce -1.2% 4.12% +0.20
AMZN Amazon.com Inc. Reduce -0.6% 3.68% +0.23
COST Costco Wholesale Corp. Reduce -0.5% 7.05% +0.96
GOOGL Alphabet Inc. Class A Reduce -1.3% 6.87% +1.11

Portfolio Buys Q1 2024 → Q2 2024
AAPL Apple Inc. Add +0.2% 2.73% +0.52
HGTY Hagerty Inc. Class A Add +2.5% 1.00% +0.14
QCOM Qualcomm Inc. New 0.05% +0.05
PM Philip Morris International New 0.05% +0.05
NVDA Nvidia Corp. Add +1.1% 0.13% +0.04
BNY Bank of New York Mellon Corp. Add +0.0% 0.87% +0.04
VOO Vanguard S&P 500 ETF Add +46.2% 0.09% +0.03
CGGR Cap Group Growth Equity Add +9.7% 0.20% +0.02
VUG Vanguard Mrngstar GR ETF-Sui Add +0.5% 0.24% +0.02
VWO Vanguard Ftse Emerging Marke Add +7.5% 0.10% +0.01
ORCL Oracle Corp. Add +2.8% 0.06% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +2.6% 0.12% +0.01
PFE Pfizer Inc. Add +8.8% 0.09% +0.01
WFC Wells Fargo & Co. Add +5.1% 0.09% +0.01
CGDV Cap Group Dividend Value Add +2.2% 0.13% +0.01
VB Vanguard Most SM-Cap ETF-Usd Add +11.2% 0.07% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +3.9% 0.14% +0.00
XOM Exxon Mobil Corp. Add +2.2% 0.20% +0.00
ITOT iShares Core S&P Total U.S. Add +0.3% 0.07% +0.00
CGXU Cap Group Intl Focus Add +1.1% 0.18% +0.00
ESAB Esab Corp. Add +17.1% 0.26% +0.00
BN Brookfield Corp. Add +0.1% 0.13% −0.00
NTRS Northern Trust Corp. Add +0.8% 0.06% −0.00
IBM Intl Business Machines Corp. Add +0.8% 0.05% −0.00
MKC McCormick & Co.-Non VTG SHRS Add +0.1% 0.07% −0.01
PSX Phillips 66 Add +0.1% 0.15% −0.02
ACN Accenture PLC Class A Add +0.8% 0.21% −0.03
TRV The Travelers Cos Inc. Add +0.0% 0.68% −0.09

Notes & Other Activity Q1 2024 → Q2 2024
HAGERTY INC *W EXP 12/02/202 Sold out 127,820 $249Kbefore exit

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