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

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 Q4 2024 Q1 2025: $478.9M $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 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%
ETN Eaton Corp. PLC 0.06% 1,162 $310K No change
VT Vanguard Tot World STK ETF 0.06% 2,692 $301K New
VOO Vanguard S&P 500 ETF 0.06% 613 $297K Add +0.8%
PFE Pfizer Inc. 0.06% 12,987 $293K Reduce -2.3%
CSCO Cisco Systems Inc. 0.06% 4,960 $273K Reduce -2.0%
VNQ Vanguard Real Estate ETF 0.05% 3,000 $260K No change
USB US Bancorp 0.05% 6,620 $258K No change
ORCL Oracle Corp. 0.05% 2,011 $256K Reduce -0.3%
DFAC Dimensional US Core Equity 2 0.05% 7,766 $240K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 6,161 $236K Reduce -0.4%
IWM iShares Russell 2000 ETF 0.05% 1,246 $234K No change
SYY Sysco Corp. 0.05% 3,047 $223K No change
BWXT BWX Technologies Inc. 0.05% 2,123 $217K Add +8.7%
NTRS Northern Trust Corp. 0.04% 2,328 $208K Reduce -8.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.04% 2,406 $207K No change
SSRM SSR Mining Inc. 0.02% 10,000 $104K No change
GLDG Goldmining Inc. 0.00% 10,752 $9K No change

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

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