Lincoln Capital LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Lincoln Capital LLC reported 124 stock positions worth $533.8 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 8.8% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 7.5%) and Alphabet Class A (GOOGL, 7.2%). Compared with Q2 2025, it opened 5 new positions, sold out of 4, added to 40 and reduced 59. The biggest buy was Hagerty Class A (HGTY, shares +30%) and the biggest sale Costco Wholesale (COST, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- LINCOLN, NE
- CIK
- 0001633862
- Portfolio Value
- $533.8M (Q3 2025)
- SEC Filing
- 0001633862-25-000002 ↗ filed Nov 5, 2025
Holdings Value
Holdings 124 stocks · $533.8M
| BRK.B Berkshire Hathaway Inc. Class B | 8.80% | 94,151 | $47.0M | Reduce -1.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 7.45% | 53 | $39.8M | No change |
| GOOGL Alphabet Inc. Class A | 7.19% | 156,456 | $38.4M | Reduce -1.9% |
| MA Mastercard Inc. Class A | 6.63% | 60,963 | $35.4M | Reduce -1.3% |
| MKL Markel Group Inc. | 6.38% | 17,549 | $34.1M | Reduce -0.4% |
| COST Costco Wholesale Corp. | 5.98% | 34,863 | $31.9M | Reduce -1.5% |
| MSFT Microsoft Corp. | 4.16% | 42,909 | $22.2M | Reduce -2.2% |
| DHR Danaher Corp. | 3.48% | 86,419 | $18.6M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 3.30% | 80,154 | $17.6M | Reduce -1.5% |
| AAPL Apple Inc. | 2.73% | 56,520 | $14.6M | Add +0.1% |
| SBUX Starbucks Corp. | 2.62% | 161,969 | $14.0M | Reduce -1.8% |
| MCD McDonald's Corp. | 1.81% | 32,027 | $9.6M | Reduce -1.2% |
| CARR Carrier Global Corp. | 1.80% | 160,714 | $9.6M | Reduce -0.7% |
| HGTY Hagerty Inc. Class A | 1.77% | 787,387 | $9.4M | Add +29.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.72% | 81,683 | $9.2M | Reduce -3.6% |
| JPM JPMorgan Chase & Co. | 1.65% | 28,383 | $8.8M | Reduce -2.8% |
| MAR Marriott International Class A | 1.32% | 26,393 | $7.1M | Reduce -0.5% |
| ROP Roper Technologies Inc. | 1.23% | 13,109 | $6.6M | Reduce -2.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.21% | 60,815 | $6.5M | Reduce -3.0% |
| OTIS Otis Worldwide Corp. | 1.20% | 69,939 | $6.4M | Reduce -5.1% |
| LIN Linde PLC | 1.20% | 13,707 | $6.4M | Reduce -0.2% |
| AXP American Express Co. | 1.18% | 19,127 | $6.3M | Reduce -0.3% |
| SCHW Schwab (charles) Corp. | 1.08% | 61,205 | $5.8M | Reduce -0.6% |
| OXY Occidental Petroleum Corp. | 1.05% | 124,642 | $5.6M | Add +74.0% |
| MCO Moody's Corp. | 1.05% | 11,507 | $5.6M | Reduce -3.3% |
| KO The Coca-Cola Co. | 0.99% | 79,118 | $5.3M | Reduce -1.7% |
| UNP Union Pacific Corp. | 0.91% | 20,510 | $4.9M | Reduce -4.3% |
| JNJ Johnson & Johnson | 0.83% | 23,394 | $4.4M | Reduce -4.9% |
| FWONK Liberty Media Corp. Class C | 0.81% | 41,312 | $4.3M | Reduce -0.2% |
| TRV The Travelers Cos Inc. | 0.70% | 13,195 | $3.8M | Reduce -9.2% |
| CPRT Copart Inc. | 0.69% | 81,804 | $3.7M | Reduce -1.3% |
| IVV iShares Core S&P 500 ETF | 0.58% | 4,594 | $3.1M | Add +2.4% |
| GOOG Alphabet Inc. Class C | 0.57% | 12,401 | $3.1M | Reduce -5.7% |
| BLK BlackRock Inc. | 0.54% | 2,470 | $2.9M | Reduce -5.2% |
| APH Amphenol Corp. Class A | 0.53% | 23,130 | $2.8M | Reduce -2.9% |
| FAST Fastenal Co. | 0.51% | 57,188 | $2.7M | Reduce -1.3% |
| CGGR Cap Group Growth Equity | 0.51% | 60,934 | $2.7M | Add +5.3% |
| CB Chubb Ltd. | 0.48% | 9,054 | $2.6M | Reduce -4.2% |
| VLTO Veralto Corp. | 0.47% | 23,634 | $2.5M | Reduce -2.1% |
| BDX Becton Dickinson and Co. | 0.47% | 12,848 | $2.5M | Reduce -6.4% |
| LPX Louisiana-Pacific Corp. | 0.42% | 25,054 | $2.3M | Reduce -0.2% |
| WMT Walmart Inc. | 0.42% | 22,139 | $2.3M | Add +0.8% |
| PEP Pepsico Inc. | 0.42% | 15,609 | $2.2M | Reduce -2.1% |
| DE Deere & Co. | 0.39% | 4,476 | $2.1M | Add +0.3% |
| ECL Ecolab Inc. | 0.37% | 7,080 | $2.0M | Reduce -0.2% |
| IDXX Idexx Laboratories Inc. | 0.36% | 3,027 | $1.9M | Reduce -0.1% |
| CSGP Costar Group Inc. | 0.34% | 21,243 | $1.8M | Reduce -0.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.31% | 3,462 | $1.7M | Add +2.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.30% | 18,236 | $1.6M | Add +0.5% |
| CINF Cincinnati Financial Corp. | 0.30% | 9,813 | $1.6M | Add +0.1% |
| ESAB Esab Corp. | 0.28% | 12,676 | $1.5M | Add +0.1% |
| HD Home Depot Inc. | 0.27% | 3,599 | $1.4M | Add +0.4% |
| MSCI MSCI Inc. | 0.26% | 2,502 | $1.4M | Reduce -0.2% |
| IJH iShares Core S&P Midcap ETF | 0.26% | 21,015 | $1.4M | Add +4.7% |
| BAM Brookfield Asset Mgmt-A | 0.25% | 23,019 | $1.3M | Reduce -0.6% |
| IJR iShares Core S&P Small-Cap E | 0.23% | 10,328 | $1.2M | Add +2.5% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.22% | 29,607 | $1.2M | Add +10.7% |
| CAT Caterpillar Inc. | 0.22% | 2,355 | $1.2M | Add +0.9% |
| NVDA Nvidia Corp. | 0.21% | 5,957 | $1.1M | Reduce -1.3% |
| DEO Diageo PLC-Sponsored ADR | 0.20% | 11,342 | $1.1M | Reduce -76.6% |
| SPGI S&P Global Inc. | 0.20% | 2,272 | $1.1M | Reduce -3.6% |
| USMV iShares MSCI USA Min Vol Fac | 0.19% | 10,650 | $1.0M | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.18% | 3,765 | $971K | Add +8.0% |
| PG The Procter & Gamble Co. | 0.18% | 6,350 | $967K | Add +1.6% |
| AMAT Applied Materials Inc. | 0.18% | 4,439 | $966K | No change |
| TSLA Tesla Inc. | 0.18% | 2,206 | $948K | Reduce -24.2% |
| BN Brookfield Corp. | 0.17% | 13,317 | $915K | Reduce -1.0% |
| WCN Waste Connections Inc. | 0.17% | 5,062 | $883K | No change |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 0.16% | 28,012 | $850K | Reduce -6.3% |
| XOM Exxon Mobil Corp. | 0.15% | 7,177 | $813K | Reduce -1.3% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.15% | 23,149 | $805K | Add +11.4% |
| NKE Nike Inc. Class B | 0.15% | 10,973 | $789K | Add +0.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.15% | 4,162 | $781K | Reduce -0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 1,144 | $765K | No change |
| META Meta Platforms Inc. Class A | 0.14% | 1,064 | $756K | Reduce -4.1% |
| V Visa Inc. Class A | 0.14% | 2,157 | $755K | Add +1.3% |
| MTD Mettler-Toledo International | 0.14% | 560 | $736K | Reduce -2.6% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.13% | 16,640 | $705K | Add +1.4% |
| VWO Vanguard Ftse Emerging Marke | 0.13% | 12,474 | $683K | Add +7.8% |
| XYL Xylem Inc. | 0.13% | 4,488 | $673K | No change |
| SYK Stryker Corp. | 0.12% | 1,780 | $659K | No change |
| ORCL Oracle Corp. | 0.12% | 2,286 | $654K | Add +13.7% |
| DGRO iShares Core Dividend Growth | 0.12% | 9,339 | $640K | Reduce -5.6% |
| CL Colgate-Palmolive Co. | 0.12% | 8,188 | $639K | Reduce -14.1% |
| ACN Accenture PLC Class A | 0.12% | 2,580 | $633K | No change |
| VEA Vanguard Ftse Developed ETF | 0.11% | 9,861 | $602K | Add +15.1% |
| CGDG Cap Group Dividend Growers filed as CAPITAL GROUP DIVIDEND GROWE | 0.11% | 17,015 | $595K | Add +11.0% |
| PSX Phillips 66 | 0.11% | 4,292 | $571K | Reduce -4.3% |
| WFC Wells Fargo & Co. | 0.11% | 7,042 | $568K | Add +0.4% |
| HSY The Hershey Co. | 0.10% | 2,868 | $560K | Reduce -1.5% |
| AMT American Tower Corp. | 0.10% | 2,700 | $514K | No change |
| RTX RTX Corp. | 0.09% | 2,887 | $481K | Add +0.7% |
| UPS United Parcel Service Class B | 0.09% | 5,488 | $476K | Reduce -9.9% |
| ADP Automatic Data Processing | 0.09% | 1,567 | $456K | Reduce -24.8% |
| GDX Vaneck Gold Miners ETF | 0.08% | 5,858 | $452K | New |
| VT Vanguard Tot World STK ETF | 0.08% | 3,235 | $450K | Add +12.1% |
| HSIC Henry Schein Inc. | 0.08% | 6,500 | $436K | No change |
| ETN Eaton Corp. PLC | 0.08% | 1,162 | $434K | No change |
| CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL | 0.08% | 12,292 | $424K | Add +1.4% |
| VOO Vanguard S&P 500 ETF | 0.08% | 664 | $409K | Add +6.8% |
Portfolio Sells Q2 2025 → Q3 2025
| COST Costco Wholesale Corp. | Reduce -1.5% | 5.98% | −0.77 |
| DEO Diageo PLC-Sponsored ADR | Reduce -76.6% | 0.20% | −0.73 |
| CARR Carrier Global Corp. | Reduce -0.7% | 1.80% | −0.48 |
| MKL Markel Group Inc. | Reduce -0.4% | 6.38% | −0.39 |
| DIS The Walt Disney Co. | Reduce -3.6% | 1.72% | −0.30 |
| SBUX Starbucks Corp. | Reduce -1.8% | 2.62% | −0.29 |
| ROP Roper Technologies Inc. | Reduce -2.4% | 1.23% | −0.24 |
| OTIS Otis Worldwide Corp. | Reduce -5.1% | 1.20% | −0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.8% | 8.80% | −0.16 |
| AMZN Amazon.com Inc. | Reduce -1.5% | 3.30% | −0.14 |
| JBTM JBT Marel Corp. | Sold out | 0.00% | −0.13 |
| KO The Coca-Cola Co. | Reduce -1.7% | 0.99% | −0.11 |
| MCO Moody's Corp. | Reduce -3.3% | 1.05% | −0.10 |
| CPRT Copart Inc. | Reduce -1.3% | 0.69% | −0.09 |
| MAR Marriott International Class A | Reduce -0.5% | 1.32% | −0.07 |
| NTRS Northern Trust Corp. | Sold out | 0.00% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 6.63% | −0.05 |
| CL Colgate-Palmolive Co. | Reduce -14.1% | 0.12% | −0.05 |
| CB Chubb Ltd. | Reduce -4.2% | 0.48% | −0.04 |
| TRV The Travelers Cos Inc. | Reduce -9.2% | 0.70% | −0.04 |
| LIN Linde PLC | Reduce -0.2% | 1.20% | −0.04 |
| MSFT Microsoft Corp. | Reduce -2.2% | 4.16% | −0.04 |
| UNP Union Pacific Corp. | Reduce -4.3% | 0.91% | −0.04 |
| ADP Automatic Data Processing | Reduce -24.8% | 0.09% | −0.04 |
| SPGI S&P Global Inc. | Reduce -3.6% | 0.20% | −0.03 |
| UPS United Parcel Service Class B | Reduce -9.9% | 0.09% | −0.03 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -32.7% | 0.04% | −0.03 |
| SSRM SSR Mining Inc. | Sold out | 0.00% | −0.02 |
| FWONK Liberty Media Corp. Class C | Reduce -0.2% | 0.81% | −0.02 |
| MCD McDonald's Corp. | Reduce -1.2% | 1.81% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -4.1% | 0.14% | −0.02 |
| MSCI MSCI Inc. | Reduce -0.2% | 0.26% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -0.6% | 1.08% | −0.00 |
| DGRO iShares Core Dividend Growth | Reduce -5.6% | 0.12% | −0.00 |
| GLDG Goldmining Inc. | Sold out | 0.00% | −0.00 |
| ECL Ecolab Inc. | Reduce -0.2% | 0.37% | −0.00 |
| TSLA Tesla Inc. | Reduce -24.2% | 0.18% | −0.00 |
| PFE Pfizer Inc. | Reduce -6.6% | 0.05% | +0.00 |
| XOM Exxon Mobil Corp. | Reduce -1.3% | 0.15% | +0.00 |
| CGXU Cap Group Intl Focus | Reduce -6.3% | 0.16% | +0.00 |
| BAM Brookfield Asset Mgmt-A | Reduce -0.6% | 0.25% | +0.00 |
| PSX Phillips 66 | Reduce -4.3% | 0.11% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.3% | 0.15% | +0.00 |
| VLTO Veralto Corp. | Reduce -2.1% | 0.47% | +0.01 |
| AXP American Express Co. | Reduce -0.3% | 1.18% | +0.01 |
| MTD Mettler-Toledo International | Reduce -2.6% | 0.14% | +0.01 |
| CSGP Costar Group Inc. | Reduce -0.2% | 0.34% | +0.01 |
| LPX Louisiana-Pacific Corp. | Reduce -0.2% | 0.42% | +0.01 |
| PEP Pepsico Inc. | Reduce -2.1% | 0.42% | +0.01 |
| BDX Becton Dickinson and Co. | Reduce -6.4% | 0.47% | +0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| HGTY Hagerty Inc. Class A | Add +29.6% | 1.77% | +0.59 |
| AAPL Apple Inc. | Add +0.1% | 2.73% | +0.50 |
| OXY Occidental Petroleum Corp. | Add +74.0% | 1.05% | +0.47 |
| GDX Vaneck Gold Miners ETF | New | 0.08% | +0.08 |
| CGGR Cap Group Growth Equity | Add +5.3% | 0.51% | +0.05 |
| CAT Caterpillar Inc. | Add +0.9% | 0.22% | +0.05 |
| VMI Valmont Industries | New | 0.04% | +0.04 |
| ABBV Abbvie Inc. | New | 0.04% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +2.4% | 0.58% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.04% | +0.04 |
| COP Conocophillips | New | 0.04% | +0.04 |
| ORCL Oracle Corp. | Add +13.7% | 0.12% | +0.04 |
| CGUS Cap Group Core Equity | Add +10.7% | 0.22% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +2.2% | 0.31% | +0.03 |
| CGGO Cap Group Global Growth | Add +11.4% | 0.15% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +8.0% | 0.18% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +2.5% | 0.23% | +0.02 |
| IJH iShares Core S&P Midcap ETF | Add +4.7% | 0.26% | +0.02 |
| CINF Cincinnati Financial Corp. | Add +0.1% | 0.30% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +15.1% | 0.11% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +7.8% | 0.13% | +0.02 |
| HD Home Depot Inc. | Add +0.4% | 0.27% | +0.01 |
| VT Vanguard Tot World STK ETF | Add +12.1% | 0.08% | +0.01 |
| CGDG Cap Group Dividend Growers | Add +11.0% | 0.11% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.5% | 0.30% | +0.01 |
| BWXT BWX Technologies Inc. | Add +0.1% | 0.06% | +0.01 |
| WMT Walmart Inc. | Add +0.8% | 0.42% | +0.01 |
| GLD SPDR Gold Shares | Add +2.0% | 0.07% | +0.01 |
| RTX RTX Corp. | Add +0.7% | 0.09% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +6.8% | 0.08% | +0.01 |
| CGDV Cap Group Dividend Value | Add +1.4% | 0.13% | +0.01 |
| SYY Sysco Corp. | Add +1.9% | 0.05% | +0.00 |
| CSCO Cisco Systems Inc. | Add +10.3% | 0.06% | +0.00 |
| CGIE Cap Group Intl Equity | Add +1.4% | 0.08% | +0.00 |
| CVX Chevron Corp. | Add +1.2% | 0.05% | +0.00 |
| TROW T Rowe Price Group Inc. | Add +1.0% | 0.05% | +0.00 |
| USB US Bancorp | Add +0.3% | 0.06% | +0.00 |
| IBM Intl Business Machines Corp. | Add +3.2% | 0.07% | −0.00 |
| WFC Wells Fargo & Co. | Add +0.4% | 0.11% | −0.00 |
| NKE Nike Inc. Class B | Add +0.1% | 0.15% | −0.00 |
| V Visa Inc. Class A | Add +1.3% | 0.14% | −0.00 |
| PM Philip Morris International | Add +1.3% | 0.05% | −0.01 |
| PG The Procter & Gamble Co. | Add +1.6% | 0.18% | −0.01 |
| ESAB Esab Corp. | Add +0.1% | 0.28% | −0.01 |
| DE Deere & Co. | Add +0.3% | 0.39% | −0.05 |
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 |