1y return+14.1%S&P 500 +20.9%
3y return+39.7%S&P 500 +68.5%
5y return+30.4%S&P 500 +74.5%
10y return+102.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $203 against $357 in the S&P 500.2
Lincoln National CorpS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VUGVanguard Index Fds | $350.7M | 9.0% | −5.6% |
| VTVVanguard Index Fds | $319.4M | 8.2% | +4.8% |
| BSVVanguard Bd Index Fds | $310.0M | 7.9% | +1.9% |
| VTIVanguard Index Fds | $302.7M | 7.7% | −1.0% |
| VEUVanguard Intl Equity Index F | $275.9M | 7.1% | |
| VOOVanguard Index Fds | $261.1M | 6.7% | −1.5% |
| SCHPSchwab Strategic Tr | $250.1M | 6.4% | +6.0% |
| BNDXVanguard Charlotte Fds | $233.2M | 6.0% | +2.3% |
| BLVVanguard Bd Index Fds | $189.6M | 4.9% | +4.7% |
| VEAVanguard Tax-managed Fds | $187.4M | 4.8% | |
| VMBSVanguard Scottsdale Fds | $181.7M | 4.6% | +2.4% |
| BIVVanguard Bd Index Fds | $172.7M | 4.4% | +3.0% |
| VTHRVanguard Scottsdale Fds | $151.9M | 3.9% | |
| VWOVanguard Intl Equity Index F | $133.9M | 3.4% | New |
| IEMGIshares Inc | $126.0M | 3.2% | −7.1% |
| VXUSVanguard Star Fds | $123.1M | 3.1% | |
| VGKVanguard Intl Equity Index F | $121.3M | 3.1% | +2.7% |
| VBVanguard Index Fds | $88.9M | 2.3% | +3.1% |
| VPLVanguard Intl Equity Index F | $85.7M | 2.2% | −4.3% |
| VXFVanguard Index Fds | $42.1M | 1.1% | +1.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| VTIVanguard Index Fds | June 30, 2020 | +136.4% | $302.7M |
| VEAVanguard Tax-managed Fds | June 30, 2020 | +83.7% | $187.4M |
| VPLVanguard Intl Equity Index F | June 30, 2020 | +81.8% | $85.7M |
| VGKVanguard Intl Equity Index F | June 30, 2020 | +75.9% | $121.3M |
| VEUVanguard Intl Equity Index F | June 30, 2020 | +75.9% | $275.9M |
| IEMGIshares Inc | June 30, 2020 | +74.0% | $126.0M |
| VXFVanguard Index Fds | December 31, 2024 | +29.6% | $42.1M |
| VTVVanguard Index Fds | December 31, 2024 | +28.7% | $319.4M |
| VTHRVanguard Scottsdale Fds | December 31, 2024 | +27.6% | $151.9M |
| VOOVanguard Index Fds | December 31, 2024 | +27.5% | $261.1M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.8% | +14.8% |
| March 31, 2026 | −1.2% | −4.6% |
| December 31, 2025 | +1.2% | +2.4% |
| September 30, 2025 | +5.0% | +7.8% |
| June 30, 2025 | +6.8% | +10.5% |
| March 31, 2025 | +0.0% | −4.6% |
| December 31, 2024 | −3.2% | +2.1% |
| September 30, 2024 | +5.7% | +5.4% |
| June 30, 2024 | +1.4% | +4.0% |
| March 31, 2024 | +5.6% | +10.0% |
| December 31, 2023 | +8.9% | +11.2% |
| September 30, 2023 | −3.9% | −3.6% |
| June 30, 2023 | +4.2% | +8.3% |
| March 31, 2023 | +5.4% | +7.0% |
| December 31, 2022 | +6.4% | +7.1% |
| September 30, 2022 | −6.2% | −5.3% |
| June 30, 2022 | −13.1% | −16.5% |
| March 31, 2022 | −5.4% | −4.9% |
| December 31, 2021 | +4.7% | +10.7% |
| September 30, 2021 | −1.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Lincoln National Corp Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=59558&type=13F-HR&dateb=&owner=include&count=40CIK 59558
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/59558/000005955826000061/Filed August 10, 2026 · accession 0000059558-26-000061