Lincoln Capital LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Lincoln Capital LLC reported 117 stock positions worth $478.9 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 10.4% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 8.6%) and Costco Wholesale (COST, 7.3%). Compared with Q4 2024, it opened 6 new positions, sold out of 5, added to 39 and reduced 49. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +1%) and the biggest sale Alphabet Class A (GOOGL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- LINCOLN, NE
- CIK
- 0001633862
- Portfolio Value
- $478.9M (Q1 2025)
- SEC Filing
- 0001085146-25-003051 ↗ filed May 13, 2025
Holdings Value
Holdings 117 stocks · $478.9M
| BRK.B Berkshire Hathaway Inc. Class B | 10.40% | 95,617 | $49.8M | Add +0.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 8.63% | 53 | $41.3M | Reduce -1.9% |
| COST Costco Wholesale Corp. | 7.28% | 35,604 | $34.9M | Reduce -1.7% |
| MA Mastercard Inc. Class A | 6.84% | 62,107 | $32.8M | Reduce -1.2% |
| MKL Markel Group Inc. | 6.57% | 17,613 | $31.4M | Reduce -0.0% |
| GOOGL Alphabet Inc. Class A | 5.07% | 160,168 | $24.3M | Reduce -1.8% |
| DHR Danaher Corp. | 3.48% | 86,653 | $16.6M | Add +13.6% |
| MSFT Microsoft Corp. | 3.05% | 39,829 | $14.6M | Add +0.3% |
| AMZN Amazon.com Inc. | 2.97% | 82,138 | $14.2M | Reduce -1.6% |
| SBUX Starbucks Corp. | 2.83% | 165,891 | $13.6M | Reduce -1.7% |
| AAPL Apple Inc. | 2.37% | 56,751 | $11.3M | Reduce -1.0% |
| MCD McDonald's Corp. | 2.19% | 32,865 | $10.5M | Reduce -1.5% |
| CARR Carrier Global Corp. | 1.98% | 159,324 | $9.5M | Add +33.8% |
| ROP Roper Technologies Inc. | 1.55% | 13,441 | $7.4M | Reduce -2.6% |
| OTIS Otis Worldwide Corp. | 1.52% | 73,336 | $7.3M | Reduce -3.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.51% | 84,240 | $7.3M | Reduce -6.2% |
| JPM JPMorgan Chase & Co. | 1.44% | 29,362 | $6.9M | Reduce -1.7% |
| LIN Linde PLC | 1.31% | 13,830 | $6.3M | Reduce -0.8% |
| KO The Coca-Cola Co. | 1.24% | 80,599 | $6.0M | Reduce -2.1% |
| MAR Marriott International Class A | 1.22% | 26,525 | $5.9M | Reduce -1.9% |
| DEO Diageo PLC-Sponsored ADR | 1.18% | 50,458 | $5.7M | Reduce -8.6% |
| MCO Moody's Corp. | 1.07% | 11,894 | $5.1M | Reduce -0.8% |
| CPRT Copart Inc. | 1.04% | 82,838 | $5.0M | Add +72.7% |
| AXP American Express Co. | 1.03% | 19,518 | $4.9M | Add +27.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.00% | 62,785 | $4.8M | Reduce -0.2% |
| HGTY Hagerty Inc. Class A | 0.99% | 555,286 | $4.8M | Add +12.3% |
| SCHW Schwab (charles) Corp. | 0.99% | 61,652 | $4.7M | Reduce -2.0% |
| UNP Union Pacific Corp. | 0.98% | 21,722 | $4.7M | Reduce -2.0% |
| JNJ Johnson & Johnson | 0.82% | 24,979 | $3.9M | Reduce -0.4% |
| TRV The Travelers Cos Inc. | 0.80% | 14,621 | $3.8M | Reduce -0.3% |
| FWONK Liberty Media Corp. Class C | 0.74% | 41,753 | $3.5M | Add +470.4% |
| OXY Occidental Petroleum Corp. | 0.60% | 72,085 | $2.9M | Add +135.3% |
| BDX Becton Dickinson and Co. | 0.58% | 13,812 | $2.8M | Reduce -2.1% |
| IVV iShares Core S&P 500 ETF | 0.50% | 4,479 | $2.4M | Add +11.9% |
| FAST Fastenal Co. | 0.49% | 28,983 | $2.4M | No change |
| BLK BlackRock Inc. | 0.49% | 2,629 | $2.3M | Reduce -2.1% |
| PEP Pepsico Inc. | 0.48% | 16,023 | $2.3M | Reduce -4.7% |
| VLTO Veralto Corp. | 0.45% | 23,993 | $2.1M | Reduce -2.3% |
| LPX Louisiana-Pacific Corp. | 0.44% | 25,275 | $2.1M | New |
| GOOG Alphabet Inc. Class C | 0.44% | 13,813 | $2.1M | Add +4.5% |
| WMT Walmart Inc. | 0.43% | 21,956 | $2.1M | Add +2.1% |
| DE Deere & Co. | 0.42% | 4,463 | $2.0M | Reduce -3.5% |
| CB Chubb Ltd. | 0.42% | 6,962 | $2.0M | Add +0.6% |
| CGGR Cap Group Growth Equity | 0.38% | 56,253 | $1.8M | Add +35.7% |
| CSGP Costar Group Inc. | 0.36% | 21,275 | $1.7M | New |
| ECL Ecolab Inc. | 0.35% | 7,140 | $1.7M | Reduce -4.2% |
| APH Amphenol Corp. Class A | 0.33% | 23,810 | $1.6M | No change |
| ESAB Esab Corp. | 0.30% | 12,666 | $1.4M | Add +0.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.29% | 18,139 | $1.4M | Add +0.6% |
| MSCI MSCI Inc. | 0.28% | 2,507 | $1.3M | New |
| CINF Cincinnati Financial Corp. | 0.27% | 9,806 | $1.3M | No change |
| HD Home Depot Inc. | 0.27% | 3,616 | $1.3M | Reduce -3.5% |
| IDXX Idexx Laboratories Inc. | 0.27% | 3,028 | $1.3M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.25% | 3,373 | $1.2M | Add +15.6% |
| BAM Brookfield Asset Mgmt-A | 0.24% | 23,151 | $1.1M | Add +0.9% |
| IJH iShares Core S&P Midcap ETF | 0.23% | 20,150 | $1.1M | Add +1.9% |
| SPGI S&P Global Inc. | 0.23% | 2,356 | $1.1M | Add +0.8% |
| PG The Procter & Gamble Co. | 0.22% | 6,351 | $1.1M | Reduce -1.6% |
| WCN Waste Connections Inc. | 0.21% | 5,062 | $1.0M | No change |
| IJR iShares Core S&P Small-Cap E | 0.20% | 10,108 | $977K | Add +2.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.20% | 10,651 | $959K | No change |
| CL Colgate-Palmolive Co. | 0.19% | 9,626 | $922K | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 0.19% | 8,393 | $909K | Reduce -1.5% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.16% | 24,834 | $778K | Add +111.8% |
| ACN Accenture PLC Class A | 0.15% | 2,580 | $733K | Reduce -0.1% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 0.15% | 29,912 | $707K | Add +2.2% |
| V Visa Inc. Class A | 0.15% | 2,130 | $706K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.14% | 4,197 | $681K | Add +4.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.14% | 3,261 | $677K | Add +56.0% |
| BN Brookfield Corp. | 0.14% | 13,457 | $674K | Add +0.7% |
| NKE Nike Inc. Class B | 0.13% | 10,962 | $626K | No change |
| SYK Stryker Corp. | 0.13% | 1,780 | $620K | No change |
| AMAT Applied Materials Inc. | 0.13% | 4,460 | $617K | No change |
| ADP Automatic Data Processing | 0.13% | 2,084 | $610K | Reduce -2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.13% | 1,144 | $603K | Add +3.4% |
| AMT American Tower Corp. | 0.12% | 2,700 | $597K | No change |
| UPS United Parcel Service Class B | 0.12% | 6,113 | $592K | Reduce -5.2% |
| MTD Mettler-Toledo International | 0.12% | 575 | $577K | No change |
| DGRO iShares Core Dividend Growth | 0.12% | 9,738 | $569K | Reduce -2.8% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.12% | 16,863 | $562K | Add +3.1% |
| NVDA Nvidia Corp. | 0.11% | 5,539 | $548K | Add +10.7% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.11% | 19,965 | $545K | Add +116.6% |
| JBTM JBT Marel Corp. | 0.11% | 5,646 | $535K | New |
| META Meta Platforms Inc. Class A | 0.11% | 1,058 | $529K | Add +19.4% |
| XYL Xylem Inc. | 0.10% | 4,488 | $501K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.10% | 11,278 | $497K | Add +2.2% |
| HSY The Hershey Co. | 0.10% | 2,912 | $488K | Reduce -0.7% |
| PSX Phillips 66 | 0.10% | 4,608 | $465K | Reduce -4.8% |
| WFC Wells Fargo & Co. | 0.10% | 7,012 | $464K | Add +0.0% |
| VEA Vanguard Ftse Developed ETF | 0.09% | 8,680 | $447K | Reduce -1.0% |
| CGDG Cap Group Dividend Growers filed as CAPITAL GROUP DIVIDEND GROWE | 0.09% | 14,305 | $433K | Add +42.6% |
| HSIC Henry Schein Inc. | 0.09% | 6,500 | $420K | No change |
| TSLA Tesla Inc. | 0.09% | 1,737 | $413K | Add +25.0% |
| UL Unilever PLC | 0.08% | 5,902 | $386K | Reduce -6.9% |
| MKC McCormick & Co.-Non VTG SHRS | 0.07% | 4,580 | $347K | Add +0.1% |
| CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL | 0.07% | 11,624 | $344K | Add +13.3% |
| RTX RTX Corp. | 0.07% | 2,921 | $332K | Reduce -4.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 1,312 | $316K | No change |
| GLD SPDR Gold Shares | 0.07% | 1,015 | $316K | Reduce -42.5% |
| PM Philip Morris International | 0.07% | 1,920 | $315K | Reduce -6.8% |
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -1.8% | 5.07% | −1.42 |
| AMZN Amazon.com Inc. | Reduce -1.6% | 2.97% | −0.88 |
| AAPL Apple Inc. | Reduce -1.0% | 2.37% | −0.65 |
| DIS The Walt Disney Co. | Reduce -6.2% | 1.51% | −0.59 |
| SBUX Starbucks Corp. | Reduce -1.7% | 2.83% | −0.41 |
| MAR Marriott International Class A | Reduce -1.9% | 1.22% | −0.36 |
| DEO Diageo PLC-Sponsored ADR | Reduce -8.6% | 1.18% | −0.29 |
| MCO Moody's Corp. | Reduce -0.8% | 1.07% | −0.13 |
| MA Mastercard Inc. Class A | Reduce -1.2% | 6.84% | −0.12 |
| BDX Becton Dickinson and Co. | Reduce -2.1% | 0.58% | −0.10 |
| BLK BlackRock Inc. | Reduce -2.1% | 0.49% | −0.09 |
| VLTO Veralto Corp. | Reduce -2.3% | 0.45% | −0.08 |
| UNP Union Pacific Corp. | Reduce -2.0% | 0.98% | −0.08 |
| JPM JPMorgan Chase & Co. | Reduce -1.7% | 1.44% | −0.06 |
| SMR Nuscale Power Corp. | Sold out | 0.00% | −0.06 |
| PEP Pepsico Inc. | Reduce -4.7% | 0.48% | −0.06 |
| UPS United Parcel Service Class B | Reduce -5.2% | 0.12% | −0.05 |
| RH RH | Sold out | 0.00% | −0.05 |
| COP Conocophillips | Sold out | 0.00% | −0.05 |
| AIRR First Trust Rba American Ind | Sold out | 0.00% | −0.05 |
| TGT Target Corp. | Sold out | 0.00% | −0.04 |
| HD Home Depot Inc. | Reduce -3.5% | 0.27% | −0.04 |
| ACN Accenture PLC Class A | Reduce -0.1% | 0.15% | −0.04 |
| GLD SPDR Gold Shares | Reduce -42.5% | 0.07% | −0.02 |
| PSX Phillips 66 | Reduce -4.8% | 0.10% | −0.02 |
| ORCL Oracle Corp. | Reduce -0.3% | 0.05% | −0.02 |
| BNY Bank of New York Mellon Corp. | Reduce -0.2% | 1.00% | −0.02 |
| ECL Ecolab Inc. | Reduce -4.2% | 0.35% | −0.01 |
| PFE Pfizer Inc. | Reduce -2.3% | 0.06% | −0.01 |
| NTRS Northern Trust Corp. | Reduce -8.1% | 0.04% | −0.01 |
| DGRO iShares Core Dividend Growth | Reduce -2.8% | 0.12% | −0.01 |
| BAC Bank of America Corp. | Reduce -0.4% | 0.05% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -2.0% | 0.06% | −0.01 |
| RTX RTX Corp. | Reduce -4.6% | 0.07% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -1.6% | 0.22% | −0.00 |
| ADP Automatic Data Processing | Reduce -2.0% | 0.13% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -1.5% | 0.19% | −0.00 |
| HSY The Hershey Co. | Reduce -0.7% | 0.10% | −0.00 |
| UL Unilever PLC | Reduce -6.9% | 0.08% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.0% | 0.09% | +0.01 |
| SCHW Schwab (charles) Corp. | Reduce -2.0% | 0.99% | +0.01 |
| CL Colgate-Palmolive Co. | Reduce -0.6% | 0.19% | +0.01 |
| DE Deere & Co. | Reduce -3.5% | 0.42% | +0.01 |
| PM Philip Morris International | Reduce -6.8% | 0.07% | +0.01 |
| OTIS Otis Worldwide Corp. | Reduce -3.4% | 1.52% | +0.04 |
| ROP Roper Technologies Inc. | Reduce -2.6% | 1.55% | +0.04 |
| TRV The Travelers Cos Inc. | Reduce -0.3% | 0.80% | +0.05 |
| JNJ Johnson & Johnson | Reduce -0.4% | 0.82% | +0.06 |
| LIN Linde PLC | Reduce -0.8% | 1.31% | +0.09 |
| MCD McDonald's Corp. | Reduce -1.5% | 2.19% | +0.16 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.9% | 10.40% | +1.37 |
| FWONK Liberty Media Corp. Class C | Add +470.4% | 0.74% | +0.59 |
| CPRT Copart Inc. | Add +72.7% | 1.04% | +0.47 |
| LPX Louisiana-Pacific Corp. | New | 0.44% | +0.44 |
| CSGP Costar Group Inc. | New | 0.36% | +0.36 |
| OXY Occidental Petroleum Corp. | Add +135.3% | 0.60% | +0.28 |
| MSCI MSCI Inc. | New | 0.28% | +0.28 |
| CARR Carrier Global Corp. | Add +33.8% | 1.98% | +0.27 |
| IDXX Idexx Laboratories Inc. | New | 0.27% | +0.27 |
| JBTM JBT Marel Corp. | New | 0.11% | +0.11 |
| CGUS Cap Group Core Equity | Add +111.8% | 0.16% | +0.08 |
| AXP American Express Co. | Add +27.2% | 1.03% | +0.07 |
| VT Vanguard Tot World STK ETF | New | 0.06% | +0.06 |
| CGGR Cap Group Growth Equity | Add +35.7% | 0.38% | +0.06 |
| CGGO Cap Group Global Growth | Add +116.6% | 0.11% | +0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +56.0% | 0.14% | +0.04 |
| CGDG Cap Group Dividend Growers | Add +42.6% | 0.09% | +0.03 |
| WMT Walmart Inc. | Add +2.1% | 0.43% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.6% | 0.29% | +0.02 |
| CB Chubb Ltd. | Add +0.6% | 0.42% | +0.02 |
| CGIE Cap Group Intl Equity | Add +13.3% | 0.07% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +2.2% | 0.10% | +0.00 |
| META Meta Platforms Inc. Class A | Add +19.4% | 0.11% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +11.9% | 0.50% | −0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +4.9% | 0.14% | −0.00 |
| BWXT BWX Technologies Inc. | Add +8.7% | 0.05% | −0.00 |
| MKC McCormick & Co.-Non VTG SHRS | Add +0.1% | 0.07% | −0.00 |
| CGDV Cap Group Dividend Value | Add +3.1% | 0.12% | −0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +15.6% | 0.25% | −0.00 |
| CGXU Cap Group Intl Focus | Add +2.2% | 0.15% | −0.00 |
| WFC Wells Fargo & Co. | Add +0.0% | 0.10% | −0.01 |
| VOO Vanguard S&P 500 ETF | Add +0.8% | 0.06% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.4% | 0.13% | −0.01 |
| HGTY Hagerty Inc. Class A | Add +12.3% | 0.99% | −0.01 |
| SPGI S&P Global Inc. | Add +0.8% | 0.23% | −0.02 |
| ESAB Esab Corp. | Add +0.1% | 0.30% | −0.02 |
| BN Brookfield Corp. | Add +0.7% | 0.14% | −0.02 |
| BAM Brookfield Asset Mgmt-A | Add +0.9% | 0.24% | −0.02 |
| NVDA Nvidia Corp. | Add +10.7% | 0.11% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Add +1.9% | 0.23% | −0.03 |
| TSLA Tesla Inc. | Add +25.0% | 0.09% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Add +2.1% | 0.20% | −0.04 |
| GOOG Alphabet Inc. Class C | Add +4.5% | 0.44% | −0.09 |
| DHR Danaher Corp. | Add +13.6% | 3.48% | −0.21 |
| MSFT Microsoft Corp. | Add +0.3% | 3.05% | −0.47 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 137 | $562.0M | GOOGL, BRK.B, BRK.A, MKL, COST |
| Q1 2026 | 135 | $527.8M | BRK.B, GOOGL, BRK.A, MKL, COST |
| Q4 2025 | 131 | $551.8M | GOOGL, BRK.B, BRK.A, MKL, MA |
| Q3 2025 | 124 | $533.8M | BRK.B, BRK.A, GOOGL, MA, MKL |
| Q2 2025 | 123 | $519.7M | BRK.B, BRK.A, MKL, COST, MA |
| Q1 2025 | 117 | $478.9M | BRK.B, BRK.A, COST, MA, MKL |
| Q4 2024 | 116 | $475.7M | BRK.B, BRK.A, COST, MA, GOOGL |
| Q3 2024 | 112 | $472.8M | BRK.B, BRK.A, COST, MA, MKL |
| Q2 2024 | 109 | $448.1M | BRK.B, BRK.A, COST, GOOGL, MKL |
| Q1 2024 | 110 | $449.2M | BRK.B, BRK.A, MA, MKL, COST |