Lincoln National Corp.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Lincoln National Corp. reported 20 stock positions worth $3.5 billion. Its top holding was Vanguard Mrngstar GR ETF-Sui (VUG) at 9.2% of the portfolio, followed by Vanguard Short-Term Bond ETF (BSV, 8.3%) and Vanguard Mrngstr Val ETF-Aui (VTV, 7.9%). Compared with Q2 2025, it added to 13 and reduced 7. The biggest buy was Vanguard Ftse Emerging Marke (VWO, shares +2%) and the biggest sale iShares Core MSCI Emerging (IEMG, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- RADNOR, PA
- CIK
- 0000059558
- Portfolio Value
- $3.5B (Q3 2025)
- SEC Filing
- 0000059558-25-000094 ↗ filed Nov 7, 2025
Holdings Value
Holdings 20 stocks · $3.5B
| VUG Vanguard Mrngstar GR ETF-Sui | 9.22% | 674,151 | $323.3M | Reduce -3.4% |
| BSV Vanguard Short-Term Bond ETF | 8.34% | 3,705,180 | $292.4M | Add +7.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 7.87% | 1,480,469 | $276.1M | Add +1.3% |
| VTI VG Morningstar TS MKT ETF-US | 7.69% | 821,992 | $269.8M | Reduce -1.5% |
| VEU Vanguard Ftse All-World Ex-U | 6.78% | 3,330,427 | $237.7M | Add +1.4% |
| VOO Vanguard S&P 500 ETF | 6.69% | 383,188 | $234.7M | Reduce -1.5% |
| SCHP Schwab U.S. Tips ETF | 6.40% | 8,321,916 | $224.3M | Add +1.4% |
| BNDX Vanguard Total Intl Bond ETF | 6.20% | 4,394,062 | $217.3M | Add +7.2% |
| BLV Vanguard Long-Term Bond ETF | 5.06% | 2,505,708 | $177.5M | Add +4.3% |
| VMBS Vanguard Mortgage-Backed Sec | 4.89% | 3,654,220 | $171.6M | Add +5.8% |
| BIV Vanguard Intermediate-Term B | 4.64% | 2,082,460 | $162.6M | Add +5.4% |
| VEA Vanguard Ftse Developed ETF | 4.59% | 2,687,868 | $161.1M | Add +0.5% |
| VTHR Vanguard Russell 3000 | 3.86% | 459,507 | $135.2M | Reduce -1.5% |
| VWO Vanguard Ftse Emerging Marke | 3.37% | 2,182,893 | $118.3M | Add +1.8% |
| IEMG iShares Core MSCI Emerging | 3.22% | 1,714,566 | $113.0M | Reduce -6.3% |
| VXUS Vanguard Total Intl Stock | 3.04% | 1,450,630 | $106.6M | Add +1.4% |
| VGK Vanguard Ftse Europe ETF | 2.96% | 1,301,256 | $103.8M | Add +3.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.12% | 292,563 | $74.4M | Add +0.2% |
| VPL Vanguard Ftse Pacific ETF | 2.05% | 819,594 | $72.0M | Reduce -2.6% |
| VXF Vanguard Extended Market ETF | 1.00% | 167,421 | $35.0M | Reduce -1.5% |
Portfolio Sells Q2 2025 → Q3 2025
| IEMG iShares Core MSCI Emerging | Reduce -6.3% | 3.22% | −0.11 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.4% | 9.22% | −0.06 |
| VPL Vanguard Ftse Pacific ETF | Reduce -2.6% | 2.05% | −0.04 |
| VOO Vanguard S&P 500 ETF | Reduce -1.5% | 6.69% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.5% | 7.69% | −0.00 |
| VTHR Vanguard Russell 3000 | Reduce -1.5% | 3.86% | −0.00 |
| VXF Vanguard Extended Market ETF | Reduce -1.5% | 1.00% | +0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| VWO Vanguard Ftse Emerging Marke | Add +1.8% | 3.37% | +0.16 |
| BSV Vanguard Short-Term Bond ETF | Add +7.2% | 8.34% | +0.09 |
| VEU Vanguard Ftse All-World Ex-U | Add +1.4% | 6.78% | +0.08 |
| BNDX Vanguard Total Intl Bond ETF | Add +7.2% | 6.20% | +0.04 |
| VMBS Vanguard Mortgage-Backed Sec | Add +5.8% | 4.89% | +0.04 |
| VXUS Vanguard Total Intl Stock | Add +1.4% | 3.04% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.3% | 7.87% | +0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.2% | 2.12% | +0.02 |
| BIV Vanguard Intermediate-Term B | Add +5.4% | 4.64% | +0.00 |
| BLV Vanguard Long-Term Bond ETF | Add +4.3% | 5.06% | −0.01 |
| VGK Vanguard Ftse Europe ETF | Add +3.0% | 2.96% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Add +0.5% | 4.59% | −0.03 |
| SCHP Schwab U.S. Tips ETF | Add +1.4% | 6.40% | −0.25 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $3.9B | VUG, VTV, BSV, VTI, VEU |
| Q1 2026 | 19 | $3.5B | VUG, BSV, VTV, VTI, VEU |
| Q4 2025 | 20 | $3.4B | VUG, BSV, VTV, VTI, VEU |
| Q3 2025 | 20 | $3.5B | VUG, BSV, VTV, VTI, VEU |
| Q2 2025 | 20 | $3.3B | VUG, BSV, VTV, VTI, VOO |
| Q1 2025 | 21 | $3.1B | BSV, VUG, VTV, VTI, SCHP |
| Q4 2024 | 21 | $3.1B | VUG, BSV, VTI, VTV, SCHP |
| Q3 2024 | 23 | $3.1B | VTI, MGK, BSV, MGV, SCHP |
| Q2 2024 | 23 | $3.0B | VTI, MGK, BSV, MGV, SCHP |
| Q1 2024 | 1,203 | $6.4B | VTI, MGK, BSV, MGV, SPIP |