Lincoln Capital LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 8, 2026), Lincoln Capital LLC reported 131 stock positions worth $551.8 million. Its top holding was Alphabet Class A (GOOGL) at 8.8% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 8.5%) and Berkshire Hathaway Class A (BRK.A, 7.2%). Compared with Q3 2025, it opened 8 new positions, sold out of 1, added to 37 and reduced 62. The biggest buy was Copart (CPRT, shares +103%) and the biggest sale Costco Wholesale (COST, shares −0%).

Most Recent 13F
Q2 2026
Location
LINCOLN, NE
CIK
0001633862
Portfolio Value
$551.8M (Q4 2025)
SEC Filing
0001633862-26-000001 ↗ filed Jan 8, 2026

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 Q1 2025 Q2 2025: $519.7M Q2 2025 Q3 2025: $533.8M Q3 2025 Q4 2025: $551.8M $551.8M Q4 2025 Q1 2026: $527.8M Q1 2026 Q2 2026: $562.0M Q2 2026

Holdings 131 stocks · $551.8M
GOOGL Alphabet Inc. Class A 8.83% 155,635 $48.7M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 8.54% 93,751 $47.1M Reduce -0.4%
BRK.A Berkshire Hathaway Inc. Class A 7.25% 53 $40.0M No change
MKL Markel Group Inc. 6.78% 17,402 $37.4M Reduce -0.8%
MA Mastercard Inc. Class A 6.23% 60,242 $34.4M Reduce -1.2%
COST Costco Wholesale Corp. 5.44% 34,817 $30.0M Reduce -0.1%
MSFT Microsoft Corp. 3.74% 42,656 $20.6M Reduce -0.6%
DHR Danaher Corp. 3.56% 85,875 $19.7M Reduce -0.6%
AMZN Amazon.com Inc. 3.34% 79,792 $18.4M Reduce -0.5%
AAPL Apple Inc. 2.78% 56,396 $15.3M Reduce -0.2%
SBUX Starbucks Corp. 2.44% 159,686 $13.4M Reduce -1.4%
HGTY Hagerty Inc. Class A 1.98% 812,858 $10.9M Add +3.2%
MCD McDonald's Corp. 1.77% 31,900 $9.7M Reduce -0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.65% 80,165 $9.1M Reduce -1.9%
JPM JPMorgan Chase & Co. 1.65% 28,301 $9.1M Reduce -0.3%
CARR Carrier Global Corp. 1.52% 158,481 $8.4M Reduce -1.4%
MAR Marriott International Class A 1.48% 26,301 $8.2M Reduce -0.3%
AXP American Express Co. 1.29% 19,260 $7.1M Add +0.7%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.28% 60,646 $7.0M Reduce -0.3%
CPRT Copart Inc. 1.18% 165,792 $6.5M Add +102.7%
OTIS Otis Worldwide Corp. 1.09% 68,863 $6.0M Reduce -1.5%
SCHW Schwab (charles) Corp. 1.09% 60,073 $6.0M Reduce -1.9%
MCO Moody's Corp. 1.04% 11,288 $5.8M Reduce -1.9%
ROP Roper Technologies Inc. 1.04% 12,927 $5.8M Reduce -1.4%
LIN Linde PLC 1.04% 13,493 $5.8M Reduce -1.6%
KO The Coca-Cola Co. 1.01% 79,487 $5.6M Add +0.5%
OXY Occidental Petroleum Corp. 0.93% 124,820 $5.1M Add +0.1%
JNJ Johnson & Johnson 0.89% 23,663 $4.9M Add +1.1%
UNP Union Pacific Corp. 0.86% 20,522 $4.7M Add +0.1%
FWONK Liberty Media Corp. Class C 0.74% 41,351 $4.1M Add +0.1%
GOOG Alphabet Inc. Class C 0.71% 12,452 $3.9M Add +0.4%
TRV The Travelers Cos Inc. 0.62% 11,771 $3.4M Reduce -10.8%
IVV iShares Core S&P 500 ETF 0.59% 4,761 $3.3M Add +3.6%
CGGR Cap Group Growth Equity 0.53% 66,331 $2.9M Add +8.9%
FAST Fastenal Co. 0.51% 69,988 $2.8M Add +22.4%
CB Chubb Ltd. 0.50% 8,851 $2.8M Reduce -2.2%
WMT Walmart Inc. 0.46% 22,739 $2.5M Add +2.7%
BLK BlackRock Inc. 0.46% 2,357 $2.5M Reduce -4.6%
BDX Becton Dickinson and Co. 0.43% 12,156 $2.4M Reduce -5.4%
APH Amphenol Corp. Class A 0.42% 17,195 $2.3M Reduce -25.7%
VLTO Veralto Corp. 0.42% 23,115 $2.3M Reduce -2.2%
PEP Pepsico Inc. 0.40% 15,500 $2.2M Reduce -0.7%
DE Deere & Co. 0.38% 4,477 $2.1M Add +0.0%
IDXX Idexx Laboratories Inc. 0.37% 3,027 $2.0M No change
ECL Ecolab Inc. 0.33% 6,972 $1.8M Reduce -1.5%
LPX Louisiana-Pacific Corp. 0.33% 22,589 $1.8M Reduce -9.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.32% 3,669 $1.8M Add +6.0%
IEFA iShares Core MSCI Eafe ETF 0.30% 18,237 $1.6M Add +0.0%
CINF Cincinnati Financial Corp. 0.29% 9,813 $1.6M No change
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.26% 36,065 $1.5M Add +21.8%
MSCI MSCI Inc. 0.26% 2,502 $1.4M No change
ESAB Esab Corp. 0.26% 12,676 $1.4M No change
IJH iShares Core S&P Midcap ETF 0.25% 20,979 $1.4M Reduce -0.2%
CAT Caterpillar Inc. 0.24% 2,355 $1.3M No change
TSLA Tesla Inc. 0.23% 2,852 $1.3M Add +29.3%
IJR iShares Core S&P Small-Cap E 0.22% 10,308 $1.2M Reduce -0.2%
HD Home Depot Inc. 0.22% 3,495 $1.2M Reduce -2.9%
BAM Brookfield Asset Mgmt-A 0.22% 22,807 $1.2M Reduce -0.9%
SPGI S&P Global Inc. 0.21% 2,267 $1.2M Reduce -0.2%
AMAT Applied Materials Inc. 0.21% 4,439 $1.1M No change
VB Vanguard Most SM-Cap ETF-Usd 0.20% 4,369 $1.1M Add +16.0%
CSGP Costar Group Inc. 0.20% 16,347 $1.1M Reduce -23.1%
NVDA Nvidia Corp. 0.18% 5,455 $1.0M Reduce -8.4%
USMV iShares MSCI USA Min Vol Fac 0.18% 10,650 $1.0M No change
CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT 0.18% 28,697 $994K Add +24.0%
PG The Procter & Gamble Co. 0.17% 6,410 $919K Add +0.9%
BN Brookfield Corp. 0.17% 19,945 $915K Reduce -0.1%
GLW Corning Inc. 0.17% 10,420 $912K New
DEO Diageo PLC-Sponsored ADR 0.16% 10,468 $903K Reduce -7.7%
WCN Waste Connections Inc. 0.16% 5,062 $888K No change
XOM Exxon Mobil Corp. 0.16% 7,153 $861K Reduce -0.3%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 0.15% 27,500 $813K Reduce -1.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.14% 4,163 $795K Add +0.0%
MTD Mettler-Toledo International 0.14% 560 $781K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 1,138 $776K Reduce -0.5%
CGDG Cap Group Dividend Growers filed as CAPITAL GROUP DIVIDEND GROWE 0.13% 20,441 $729K Add +20.1%
V Visa Inc. Class A 0.13% 2,062 $723K Reduce -4.4%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.13% 16,385 $715K Reduce -1.5%
NKE Nike Inc. Class B 0.13% 10,953 $698K Reduce -0.2%
ACN Accenture PLC Class A 0.13% 2,580 $692K No change
WFC Wells Fargo & Co. 0.12% 7,199 $671K Add +2.2%
VWO Vanguard Ftse Emerging Marke 0.12% 12,456 $670K Reduce -0.1%
DGRO iShares Core Dividend Growth 0.12% 9,340 $648K Add +0.0%
CL Colgate-Palmolive Co. 0.11% 7,986 $631K Reduce -2.5%
META Meta Platforms Inc. Class A 0.11% 951 $628K Reduce -10.6%
SYK Stryker Corp. 0.11% 1,780 $626K No change
VEA Vanguard Ftse Developed ETF 0.11% 9,863 $616K Add +0.0%
XYL Xylem Inc. 0.11% 4,488 $611K No change
PSX Phillips 66 0.10% 4,460 $576K Add +3.9%
VT Vanguard Tot World STK ETF 0.10% 4,017 $567K Add +24.2%
HSIC Henry Schein Inc. 0.10% 7,300 $552K Add +12.3%
BKE The Buckle Inc. 0.10% 10,300 $550K New
HSY The Hershey Co. 0.10% 2,969 $540K Add +3.5%
RTX RTX Corp. 0.10% 2,888 $530K Add +0.0%
AMT American Tower Corp. 0.09% 2,700 $474K No change
UPS United Parcel Service Class B 0.08% 4,578 $454K Reduce -16.6%
CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL 0.08% 12,067 $420K Reduce -1.8%
ADP Automatic Data Processing 0.07% 1,567 $403K No change
VOO Vanguard S&P 500 ETF 0.07% 639 $401K Reduce -3.8%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.07% 5,692 $399K Add +8.7%
ORCL Oracle Corp. 0.07% 2,016 $393K Reduce -11.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 6,961 $383K Add +13.0%
GDX Vaneck Gold Miners ETF 0.07% 4,398 $377K Reduce -24.9%
ETN Eaton Corp. PLC 0.07% 1,162 $370K No change
USB US Bancorp 0.06% 6,641 $354K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 1,177 $349K Reduce -3.9%
UL Unilever PLC-Sponsored ADR 0.06% 5,197 $340K Add +5.5%
DFAC Dimensional US Core Equity 2 0.06% 7,766 $307K No change
IWM iShares Russell 2000 ETF 0.06% 1,246 $307K No change
CSCO Cisco Systems Inc. 0.05% 3,860 $297K Reduce -13.8%
PM Philip Morris International 0.05% 1,830 $294K Add +15.0%
BWXT BWX Technologies Inc. 0.05% 1,656 $286K Add +0.1%
AIRR First Trust Rba American Ind 0.05% 2,747 $270K Reduce -0.7%
VNQ Vanguard Real Estate ETF 0.05% 3,000 $265K No change
CVX Chevron Corp. 0.05% 1,701 $259K No change
TFC Truist Financial Corp. 0.05% 5,196 $256K New
PFE Pfizer Inc. 0.05% 10,224 $255K Reduce -0.5%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.04% 2,406 $246K Reduce -1.0%
VMI Valmont Industries 0.04% 600 $241K No change
COF Capital One Financial Corp. 0.04% 966 $234K Reduce -7.2%
GLD SPDR Gold Shares 0.04% 585 $232K Reduce -43.5%
ABBV Abbvie Inc. 0.04% 1,001 $229K No change
ITOT iShares Core S&P Total U.S. 0.04% 1,514 $225K Reduce -1.9%
NUE Nucor Corp. 0.04% 1,347 $220K New
QQQ Invesco QQQ Trust Series 1 0.04% 353 $217K No change
MKC McCormick & Co.-Non VTG SHRS 0.04% 3,087 $210K Add +0.1%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.04% 1,993 $209K New
COP Conocophillips 0.04% 2,168 $203K Reduce -2.3%
NTRS Northern Trust Corp. 0.04% 1,468 $201K New
UAMY United States Antimony Corp. 0.01% 11,483 $58K New
GLDG Goldmining Inc. 0.00% 10,752 $13K New

Portfolio Sells Q3 2025 → Q4 2025
COST Costco Wholesale Corp. Reduce -0.1% 5.44% −0.54
MSFT Microsoft Corp. Reduce -0.6% 3.74% −0.42
MA Mastercard Inc. Class A Reduce -1.2% 6.23% −0.40
CARR Carrier Global Corp. Reduce -1.4% 1.52% −0.28
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.4% 8.54% −0.26
SBUX Starbucks Corp. Reduce -1.4% 2.44% −0.19
ROP Roper Technologies Inc. Reduce -1.4% 1.04% −0.18
LIN Linde PLC Reduce -1.6% 1.04% −0.16
CSGP Costar Group Inc. Reduce -23.1% 0.20% −0.14
OTIS Otis Worldwide Corp. Reduce -1.5% 1.09% −0.11
APH Amphenol Corp. Class A Reduce -25.7% 0.42% −0.11
LPX Louisiana-Pacific Corp. Reduce -9.8% 0.33% −0.09
TRV The Travelers Cos Inc. Reduce -10.8% 0.62% −0.08
BLK BlackRock Inc. Reduce -4.6% 0.46% −0.08
DIS The Walt Disney Co. Reduce -1.9% 1.65% −0.07
VLTO Veralto Corp. Reduce -2.2% 0.42% −0.06
ORCL Oracle Corp. Reduce -11.8% 0.07% −0.05
HD Home Depot Inc. Reduce -2.9% 0.22% −0.05
SYY Sysco Corp. Sold out 0.00% −0.05
DEO Diageo PLC-Sponsored ADR Reduce -7.7% 0.16% −0.04
MCD McDonald's Corp. Reduce -0.4% 1.77% −0.04
BDX Becton Dickinson and Co. Reduce -5.4% 0.43% −0.04
ECL Ecolab Inc. Reduce -1.5% 0.33% −0.04
BAM Brookfield Asset Mgmt-A Reduce -0.9% 0.22% −0.03
META Meta Platforms Inc. Class A Reduce -10.6% 0.11% −0.03
GLD SPDR Gold Shares Reduce -43.5% 0.04% −0.03
NVDA Nvidia Corp. Reduce -8.4% 0.18% −0.03
NKE Nike Inc. Class B Reduce -0.2% 0.13% −0.02
GDX Vaneck Gold Miners ETF Reduce -24.9% 0.07% −0.02
PEP Pepsico Inc. Reduce -0.7% 0.40% −0.01
CGXU Cap Group Intl Focus Reduce -1.8% 0.15% −0.01
V Visa Inc. Class A Reduce -4.4% 0.13% −0.01
IJH iShares Core S&P Midcap ETF Reduce -0.2% 0.25% −0.01
IJR iShares Core S&P Small-Cap E Reduce -0.2% 0.22% −0.01
UPS United Parcel Service Class B Reduce -16.6% 0.08% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -0.1% 0.12% −0.01
PFE Pfizer Inc. Reduce -0.5% 0.05% −0.01
BN Brookfield Corp. Reduce -0.1% 0.17% −0.01
CL Colgate-Palmolive Co. Reduce -2.5% 0.11% −0.01
VOO Vanguard S&P 500 ETF Reduce -3.8% 0.07% −0.00
CGIE Cap Group Intl Equity Reduce -1.8% 0.08% −0.00
CSCO Cisco Systems Inc. Reduce -13.8% 0.05% −0.00
IBM Intl Business Machines Corp. Reduce -3.9% 0.06% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.5% 0.14% −0.00
CGDV Cap Group Dividend Value Reduce -1.5% 0.13% −0.00
TROW T Rowe Price Group Inc. Reduce -1.0% 0.04% −0.00
COP Conocophillips Reduce -2.3% 0.04% −0.00
ITOT iShares Core S&P Total U.S. Reduce -1.9% 0.04% −0.00
AIRR First Trust Rba American Ind Reduce -0.7% 0.05% −0.00
MCO Moody's Corp. Reduce -1.9% 1.04% −0.00

Portfolio Buys Q3 2025 → Q4 2025
CPRT Copart Inc. Add +102.7% 1.18% +0.48
HGTY Hagerty Inc. Class A Add +3.2% 1.98% +0.21
GLW Corning Inc. New 0.17% +0.17
GOOG Alphabet Inc. Class C Add +0.4% 0.71% +0.14
AXP American Express Co. Add +0.7% 1.29% +0.11
BKE The Buckle Inc. New 0.10% +0.10
JNJ Johnson & Johnson Add +1.1% 0.89% +0.06
TSLA Tesla Inc. Add +29.3% 0.23% +0.05
TFC Truist Financial Corp. New 0.05% +0.05
CGUS Cap Group Core Equity Add +21.8% 0.26% +0.04
NUE Nucor Corp. New 0.04% +0.04
EL Estee Lauder Companies Class A New 0.04% +0.04
NTRS Northern Trust Corp. New 0.04% +0.04
WMT Walmart Inc. Add +2.7% 0.46% +0.04
CGGR Cap Group Growth Equity Add +8.9% 0.53% +0.03
CGGO Cap Group Global Growth Add +24.0% 0.18% +0.03
VB Vanguard Most SM-Cap ETF-Usd Add +16.0% 0.20% +0.02
CGDG Cap Group Dividend Growers Add +20.1% 0.13% +0.02
KO The Coca-Cola Co. Add +0.5% 1.01% +0.02
HSIC Henry Schein Inc. Add +12.3% 0.10% +0.02
VT Vanguard Tot World STK ETF Add +24.2% 0.10% +0.02
WFC Wells Fargo & Co. Add +2.2% 0.12% +0.02
IVV iShares Core S&P 500 ETF Add +3.6% 0.59% +0.01
VUG Vanguard Mrngstar GR ETF-Sui Add +6.0% 0.32% +0.01
BAC Bank of America Corp. Add +13.0% 0.07% +0.01
UAMY United States Antimony Corp. New 0.01% +0.01
PM Philip Morris International Add +15.0% 0.05% +0.01
RTX RTX Corp. Add +0.0% 0.10% +0.01
GLDG Goldmining Inc. New 0.00% +0.00
UL Unilever PLC-Sponsored ADR Add +5.5% 0.06% +0.00
VEA Vanguard Ftse Developed ETF Add +0.0% 0.11% −0.00
MKC McCormick & Co.-Non VTG SHRS Add +0.1% 0.04% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +0.0% 0.14% −0.00
DGRO iShares Core Dividend Growth Add +0.0% 0.12% −0.00
PSX Phillips 66 Add +3.9% 0.10% −0.00
WRB WR Berkley Corp. Add +8.7% 0.07% −0.00
FAST Fastenal Co. Add +22.4% 0.51% −0.00
BWXT BWX Technologies Inc. Add +0.1% 0.05% −0.01
HSY The Hershey Co. Add +3.5% 0.10% −0.01
IEFA iShares Core MSCI Eafe ETF Add +0.0% 0.30% −0.01
DE Deere & Co. Add +0.0% 0.38% −0.01
PG The Procter & Gamble Co. Add +0.9% 0.17% −0.01
UNP Union Pacific Corp. Add +0.1% 0.86% −0.05
FWONK Liberty Media Corp. Class C Add +0.1% 0.74% −0.07
OXY Occidental Petroleum Corp. Add +0.1% 0.93% −0.12

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