Lincoln Capital LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 16, 2025), Lincoln Capital LLC reported 116 stock positions worth $475.7 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 9.0% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 7.7%) and Costco Wholesale (COST, 7.0%). Compared with Q3 2024, it opened 8 new positions, sold out of 4, added to 27 and reduced 58. The biggest buy was a new position in Occidental Petroleum (OXY) and the biggest sale Danaher (DHR, shares −0%).

Most Recent 13F
Q2 2026
Location
LINCOLN, NE
CIK
0001633862
Portfolio Value
$475.7M (Q4 2024)
SEC Filing
0001085146-25-000252 ↗ filed Jan 16, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $449.2M Q1 2024 Q2 2024: $448.1M Q2 2024 Q3 2024: $472.8M Q3 2024 Q4 2024: $475.7M $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 116 stocks · $475.7M
BRK.B Berkshire Hathaway Inc. Class B 9.03% 94,785 $43.0M Reduce -0.4%
BRK.A Berkshire Hathaway Inc. Class A 7.73% 54 $36.8M Reduce -1.8%
COST Costco Wholesale Corp. 6.98% 36,226 $33.2M Reduce -0.5%
MA Mastercard Inc. Class A 6.96% 62,844 $33.1M Reduce -1.4%
GOOGL Alphabet Inc. Class A 6.49% 163,035 $30.9M Reduce -1.7%
MKL Markel Group Inc. 6.39% 17,616 $30.4M Reduce -0.9%
AMZN Amazon.com Inc. 3.85% 83,484 $18.3M Reduce -0.5%
DHR Danaher Corp. 3.68% 76,266 $17.5M Reduce -0.4%
MSFT Microsoft Corp. 3.52% 39,714 $16.7M Reduce -1.6%
SBUX Starbucks Corp. 3.24% 168,756 $15.4M Reduce -1.5%
AAPL Apple Inc. 3.02% 57,304 $14.3M Reduce -0.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.10% 89,832 $10.0M Reduce -3.7%
MCD McDonald's Corp. 2.03% 33,354 $9.7M Reduce -0.5%
CARR Carrier Global Corp. 1.71% 119,065 $8.1M Add +2.5%
MAR Marriott International Class A 1.59% 27,047 $7.5M Reduce -1.6%
ROP Roper Technologies Inc. 1.51% 13,797 $7.2M Reduce -2.5%
JPM JPMorgan Chase & Co. 1.51% 29,882 $7.2M Reduce -1.9%
OTIS Otis Worldwide Corp. 1.48% 75,894 $7.0M Reduce -0.3%
DEO Diageo PLC-Sponsored ADR 1.48% 55,221 $7.0M Reduce -6.5%
LIN Linde PLC 1.23% 13,942 $5.8M Reduce -1.0%
MCO Moody's Corp. 1.19% 11,990 $5.7M Reduce -0.9%
KO The Coca-Cola Co. 1.08% 82,324 $5.1M Reduce -0.6%
UNP Union Pacific Corp. 1.06% 22,169 $5.1M Reduce -0.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.02% 62,900 $4.8M Reduce -1.8%
HGTY Hagerty Inc. Class A 1.00% 494,495 $4.8M Add +6.7%
SCHW Schwab (charles) Corp. 0.98% 62,917 $4.7M Reduce -1.1%
AXP American Express Co. 0.96% 15,347 $4.6M Reduce -0.0%
JNJ Johnson & Johnson 0.76% 25,078 $3.6M Reduce -2.0%
TRV The Travelers Cos Inc. 0.74% 14,669 $3.5M Reduce -0.6%
BDX Becton Dickinson and Co. 0.67% 14,115 $3.2M Reduce -6.1%
BLK BlackRock Inc. 0.58% 2,686 $2.8M Reduce -2.6%
CPRT Copart Inc. 0.58% 47,954 $2.8M Add +1.4%
PEP Pepsico Inc. 0.54% 16,808 $2.6M Add +0.4%
GOOG Alphabet Inc. Class C 0.53% 13,214 $2.5M Add +1.9%
VLTO Veralto Corp. 0.53% 24,569 $2.5M Reduce -1.0%
IVV iShares Core S&P 500 ETF 0.50% 4,001 $2.4M Add +5.3%
FAST Fastenal Co. 0.44% 28,983 $2.1M No change
DE Deere & Co. 0.41% 4,623 $2.0M Add +0.0%
WMT Walmart Inc. 0.41% 21,501 $1.9M Add +4.4%
CB Chubb Ltd. 0.40% 6,923 $1.9M Reduce -0.1%
ECL Ecolab Inc. 0.37% 7,455 $1.7M Reduce -1.4%
APH Amphenol Corp. Class A 0.35% 23,810 $1.7M Reduce -0.8%
CGGR Cap Group Growth Equity 0.32% 41,451 $1.5M Add +42.6%
ESAB Esab Corp. 0.32% 12,650 $1.5M Add +0.6%
OXY Occidental Petroleum Corp. 0.32% 30,634 $1.5M New
HD Home Depot Inc. 0.31% 3,746 $1.5M Reduce -1.1%
CINF Cincinnati Financial Corp. 0.30% 9,806 $1.4M No change
IEFA iShares Core MSCI Eafe ETF 0.27% 18,029 $1.3M Reduce -2.8%
BAM Brookfield Asset Mgmt-A 0.26% 22,941 $1.2M Reduce -3.8%
IJH iShares Core S&P Midcap ETF 0.26% 19,770 $1.2M Reduce -0.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.25% 2,917 $1.2M Add +7.7%
SPGI S&P Global Inc. 0.24% 2,337 $1.2M Reduce -0.4%
IJR iShares Core S&P Small-Cap E 0.24% 9,895 $1.1M Reduce -0.5%
PG The Procter & Gamble Co. 0.23% 6,454 $1.1M No change
USMV iShares MSCI USA Min Vol Fac 0.20% 10,651 $946K Reduce -0.8%
XOM Exxon Mobil Corp. 0.19% 8,521 $917K Add +1.1%
ACN Accenture PLC Class A 0.19% 2,583 $909K Reduce -16.4%
CL Colgate-Palmolive Co. 0.19% 9,687 $881K No change
WCN Waste Connections Inc. 0.18% 5,062 $869K No change
NKE Nike Inc. Class B 0.17% 10,962 $829K Reduce -1.2%
UPS United Parcel Service Class B 0.17% 6,450 $813K Reduce -5.8%
BN Brookfield Corp. 0.16% 13,360 $768K Reduce -3.6%
AMAT Applied Materials Inc. 0.15% 4,460 $725K Reduce -0.5%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 0.15% 29,278 $722K Reduce -2.3%
MTD Mettler-Toledo International 0.15% 575 $704K No change
FWONK Liberty Media Corp. Class C 0.14% 7,320 $678K Add +17.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.14% 4,002 $677K Add +0.0%
V Visa Inc. Class A 0.14% 2,130 $673K Reduce -0.1%
NVDA Nvidia Corp. 0.14% 5,004 $672K Add +0.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 1,106 $648K Add +5.7%
SYK Stryker Corp. 0.13% 1,780 $641K No change
ADP Automatic Data Processing 0.13% 2,126 $622K No change
DGRO iShares Core Dividend Growth 0.13% 10,020 $615K Add +1.7%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.12% 16,352 $577K Add +0.1%
TSLA Tesla Inc. 0.12% 1,390 $561K No change
PSX Phillips 66 0.12% 4,841 $552K Add +0.4%
XYL Xylem Inc. 0.11% 4,488 $521K No change
META Meta Platforms Inc. Class A 0.11% 886 $519K Add +11.0%
VB Vanguard Most SM-Cap ETF-Usd 0.11% 2,090 $502K Add +46.8%
HSY The Hershey Co. 0.10% 2,931 $496K Reduce -2.0%
AMT American Tower Corp. 0.10% 2,700 $495K No change
WFC Wells Fargo & Co. 0.10% 7,011 $492K Add +0.0%
VWO Vanguard Ftse Emerging Marke 0.10% 11,031 $486K Add +5.4%
HSIC Henry Schein Inc. 0.09% 6,500 $450K No change
GLD SPDR Gold Shares 0.09% 1,765 $427K Reduce -29.1%
VEA Vanguard Ftse Developed ETF 0.09% 8,769 $419K Add +0.0%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.09% 11,727 $410K New
ETN Eaton Corp. PLC 0.08% 1,162 $386K Reduce -4.9%
UL Unilever PLC 0.08% 6,340 $360K Reduce -0.7%
RTX RTX Corp. 0.07% 3,061 $354K Reduce -1.6%
PFE Pfizer Inc. 0.07% 13,287 $353K Reduce -2.2%
MKC McCormick & Co.-Non VTG SHRS 0.07% 4,573 $349K Add +0.1%
ORCL Oracle Corp. 0.07% 2,017 $336K No change
VOO Vanguard S&P 500 ETF 0.07% 608 $327K Add +1.8%
USB US Bancorp 0.07% 6,620 $317K Reduce -0.8%
CSCO Cisco Systems Inc. 0.06% 5,060 $300K No change
CGDG Cap Group Dividend Growers filed as CAPITAL GROUP DIVIDEND GROWE 0.06% 10,034 $297K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 1,312 $288K No change
SMR Nuscale Power Corp. 0.06% 15,956 $286K No change
CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL 0.06% 10,260 $282K Add +33.0%
IWM iShares Russell 2000 ETF 0.06% 1,246 $275K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.06% 2,406 $272K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.06% 6,186 $272K Reduce -16.9%
CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT 0.06% 9,219 $269K New
DFAC Dimensional US Core Equity 2 0.06% 7,766 $269K No change
VNQ Vanguard Real Estate ETF 0.06% 3,000 $267K No change
NTRS Northern Trust Corp. 0.05% 2,534 $260K Reduce -15.6%
PM Philip Morris International 0.05% 2,060 $248K No change
SYY Sysco Corp. 0.05% 3,047 $233K Reduce -3.9%
RH RH 0.05% 557 $219K New
COP Conocophillips 0.05% 2,209 $219K Reduce -8.8%
BWXT BWX Technologies Inc. 0.05% 1,953 $218K New
AIRR First Trust Rba American Ind 0.05% 2,805 $216K No change
TGT Target Corp. 0.04% 1,553 $210K New
SSRM SSR Mining Inc. 0.01% 10,000 $70K New
GLDG Goldmining Inc. 0.00% 10,752 $9K No change

Portfolio Sells Q3 2024 → Q4 2024
DHR Danaher Corp. Reduce -0.4% 3.68% −0.82
BRK.A Berkshire Hathaway Inc. Class A Reduce -1.8% 7.73% −0.31
SBUX Starbucks Corp. Reduce -1.5% 3.24% −0.29
DEO Diageo PLC-Sponsored ADR Reduce -6.5% 1.48% −0.28
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.4% 9.03% −0.23
OTIS Otis Worldwide Corp. Reduce -0.3% 1.48% −0.20
LIN Linde PLC Reduce -1.0% 1.23% −0.19
KO The Coca-Cola Co. Reduce -0.6% 1.08% −0.18
ROP Roper Technologies Inc. Reduce -2.5% 1.51% −0.16
MSFT Microsoft Corp. Reduce -1.6% 3.52% −0.15
MCD McDonald's Corp. Reduce -0.5% 2.03% −0.13
JNJ Johnson & Johnson Reduce -2.0% 0.76% −0.11
UNP Union Pacific Corp. Reduce -0.8% 1.06% −0.10
BDX Becton Dickinson and Co. Reduce -6.1% 0.67% −0.09
VLTO Veralto Corp. Reduce -1.0% 0.53% −0.06
NUE Nucor Corp. Sold out 0.00% −0.05
EL Estee Lauder Companies Class A Sold out 0.00% −0.04
ROST Ross Stores Inc. Sold out 0.00% −0.04
ITOT iShares Core S&P Total U.S. Sold out 0.00% −0.04
ECL Ecolab Inc. Reduce -1.4% 0.37% −0.04
IEFA iShares Core MSCI Eafe ETF Reduce -2.8% 0.27% −0.04
ACN Accenture PLC Class A Reduce -16.4% 0.19% −0.04
AMAT Applied Materials Inc. Reduce -0.5% 0.15% −0.04
GLD SPDR Gold Shares Reduce -29.1% 0.09% −0.04
NKE Nike Inc. Class B Reduce -1.2% 0.17% −0.03
UPS United Parcel Service Class B Reduce -5.8% 0.17% −0.03
MCO Moody's Corp. Reduce -0.9% 1.19% −0.02
CB Chubb Ltd. Reduce -0.1% 0.40% −0.02
CGXU Cap Group Intl Focus Reduce -2.3% 0.15% −0.02
HD Home Depot Inc. Reduce -1.1% 0.31% −0.02
HSY The Hershey Co. Reduce -2.0% 0.10% −0.02
UL Unilever PLC Reduce -0.7% 0.08% −0.01
SPGI S&P Global Inc. Reduce -0.4% 0.24% −0.01
PFE Pfizer Inc. Reduce -2.2% 0.07% −0.01
USMV iShares MSCI USA Min Vol Fac Reduce -0.8% 0.20% −0.01
COP Conocophillips Reduce -8.8% 0.05% −0.01
IJR iShares Core S&P Small-Cap E Reduce -0.5% 0.24% −0.01
BAC Bank of America Corp. Reduce -16.9% 0.06% −0.01
RTX RTX Corp. Reduce -1.6% 0.07% −0.01
ETN Eaton Corp. PLC Reduce -4.9% 0.08% −0.00
SYY Sysco Corp. Reduce -3.9% 0.05% −0.00
IJH iShares Core S&P Midcap ETF Reduce -0.5% 0.26% −0.00
NTRS Northern Trust Corp. Reduce -15.6% 0.05% −0.00
USB US Bancorp Reduce -0.8% 0.07% +0.00
BN Brookfield Corp. Reduce -3.6% 0.16% +0.01
TRV The Travelers Cos Inc. Reduce -0.6% 0.74% +0.01
APH Amphenol Corp. Class A Reduce -0.8% 0.35% +0.02
V Visa Inc. Class A Reduce -0.1% 0.14% +0.02
BAM Brookfield Asset Mgmt-A Reduce -3.8% 0.26% +0.02
BLK BlackRock Inc. Reduce -2.6% 0.58% +0.03

Portfolio Buys Q3 2024 → Q4 2024
OXY Occidental Petroleum Corp. New 0.32% +0.32
CGGR Cap Group Growth Equity Add +42.6% 0.32% +0.11
CGUS Cap Group Core Equity New 0.09% +0.09
GOOG Alphabet Inc. Class C Add +1.9% 0.53% +0.07
CGDG Cap Group Dividend Growers New 0.06% +0.06
CGGO Cap Group Global Growth New 0.06% +0.06
WMT Walmart Inc. Add +4.4% 0.41% +0.06
CPRT Copart Inc. Add +1.4% 0.58% +0.05
RH RH New 0.05% +0.05
BWXT BWX Technologies Inc. New 0.05% +0.05
TGT Target Corp. New 0.04% +0.04
FWONK Liberty Media Corp. Class C Add +17.7% 0.14% +0.04
ESAB Esab Corp. Add +0.6% 0.32% +0.04
VB Vanguard Most SM-Cap ETF-Usd Add +46.8% 0.11% +0.03
VUG Vanguard Mrngstar GR ETF-Sui Add +7.7% 0.25% +0.03
IVV iShares Core S&P 500 ETF Add +5.3% 0.50% +0.03
WFC Wells Fargo & Co. Add +0.0% 0.10% +0.02
SSRM SSR Mining Inc. New 0.01% +0.01
NVDA Nvidia Corp. Add +0.2% 0.14% +0.01
META Meta Platforms Inc. Class A Add +11.0% 0.11% +0.01
CGIE Cap Group Intl Equity Add +33.0% 0.06% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +5.7% 0.14% +0.01
HGTY Hagerty Inc. Class A Add +6.7% 1.00% +0.01
DE Deere & Co. Add +0.0% 0.41% +0.00
VOO Vanguard S&P 500 ETF Add +1.8% 0.07% +0.00
DGRO iShares Core Dividend Growth Add +1.7% 0.13% −0.00
VWO Vanguard Ftse Emerging Marke Add +5.4% 0.10% −0.00
CGDV Cap Group Dividend Value Add +0.1% 0.12% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +0.0% 0.14% −0.01
MKC McCormick & Co.-Non VTG SHRS Add +0.1% 0.07% −0.01
VEA Vanguard Ftse Developed ETF Add +0.0% 0.09% −0.01
XOM Exxon Mobil Corp. Add +1.1% 0.19% −0.02
PSX Phillips 66 Add +0.4% 0.12% −0.02
PEP Pepsico Inc. Add +0.4% 0.54% −0.06
CARR Carrier Global Corp. Add +2.5% 1.71% −0.27

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