Basic Stats
Portfolio Value $ 519,666,676
Current Positions 123
Latest Holdings, Performance, AUM (from 13F, 13D)

Lincoln Capital LLC has disclosed 123 total holdings in their latest SEC filings. Most recent portfolio value is calculated to be $ 519,666,676 USD. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Lincoln Capital LLC’s top holdings are Berkshire Hathaway Inc. (US:BRK.B) , Berkshire Hathaway Inc. (US:BRK.A) , Markel Group Inc. (US:MKL) , Costco Wholesale Corporation (US:COST) , and Mastercard Incorporated (US:MA) . Lincoln Capital LLC’s new positions include Caterpillar Inc. (US:CAT) , W. R. Berkley Corporation (US:WRB) , Chevron Corporation (US:CVX) , .

Lincoln Capital LLC - Portfolio Value
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Top Increases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)		 Value
(MM$)		 Portfolio % ΔPortfolio %
0.04 21.82 4.1988 1.1482
0.08 10.51 2.0222 0.5079
0.08 17.85 3.4344 0.4643
0.16 28.11 5.4093 0.3437
0.16 11.85 2.2804 0.3021
0.02 35.20 6.7737 0.2087
0.61 6.14 1.1815 0.1890
0.03 8.46 1.6282 0.1838
0.00 0.91 0.1742 0.1742
0.03 7.25 1.3945 0.1728
Top Decreases This Quarter

We use the change in the portfolio allocation because this is the most meaningful metric. Changes can be due to trades or changes in share prices.

Security Shares
(MM)		 Value
(MM$)		 Portfolio % ΔPortfolio %
0.10 46.56 8.9590 -1.4383
0.00 38.63 7.4329 -1.1988
0.04 35.05 6.7442 -0.5354
0.03 9.47 1.8225 -0.3671
0.08 4.07 0.7824 -0.2625
0.05 4.88 0.9392 -0.2446
0.06 34.71 6.6798 -0.1585
0.08 5.69 1.0956 -0.1480
0.09 17.31 3.3316 -0.1435
0.06 11.58 2.2290 -0.1378
13F and Fund Filings

This form was filed on 2025-07-11 for the reporting period 2025-06-30. Click the link icon to see the full transaction history.

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2022-07-28: Important Note - We have changed the treatment of the Δ Portfolio % column in this table. Previously, we were reporting it as the percent change in the portfolio allocation. We are now reporting it as the raw change in the portfolio allocation (still reported as a percent). In formula terms, we were previously reporting it as 100 * (current allocation - prior allocation ) / prior allocation. We are now reporting it as (current allocation - prior allocation).
Security Type Avg Share Price Shares
(MM)		 ΔShares
(%)		 ΔShares
(%)		 Value
($MM)		 Portfolio
(%)		 ΔPortfolio
(%)
BRK.B / Berkshire Hathaway Inc. 0.10 0.24 46.56 -6.50 8.9590 -1.4383
BRK.A / Berkshire Hathaway Inc. 0.00 0.00 38.63 -6.57 7.4329 -1.1988
MKL / Markel Group Inc. 0.02 0.06 35.20 11.95 6.7737 0.2087
COST / Costco Wholesale Corporation 0.04 -0.56 35.05 0.52 6.7442 -0.5354
MA / Mastercard Incorporated 0.06 -0.53 34.71 5.99 6.6798 -0.1585
GOOGL / Alphabet Inc. 0.16 -0.42 28.11 15.87 5.4093 0.3437
MSFT / Microsoft Corporation 0.04 10.14 21.82 49.34 4.1988 1.1482
AMZN / Amazon.com, Inc. 0.08 -0.97 17.85 25.47 3.4344 0.4643
DHR / Danaher Corporation 0.09 1.14 17.31 4.03 3.3316 -0.1435
SBUX / Starbucks Corporation 0.16 -0.59 15.11 11.43 2.9079 0.0762
CARR / Carrier Global Corporation 0.16 1.62 11.85 25.08 2.2804 0.3021
AAPL / Apple Inc. 0.06 -0.51 11.58 2.19 2.2290 -0.1378
DIS / The Walt Disney Company 0.08 0.62 10.51 44.90 2.0222 0.5079
MCD / McDonald's Corporation 0.03 -1.37 9.47 -9.69 1.8225 -0.3671
JPM / JPMorgan Chase & Co. 0.03 -0.59 8.46 22.32 1.6282 0.1838
ROP / Roper Technologies, Inc. 0.01 -0.13 7.61 2.69 1.4642 -0.0830
OTIS / Otis Worldwide Corporation 0.07 0.48 7.30 0.55 1.4041 -0.1111
MAR / Marriott International, Inc. 0.03 -0.00 7.25 23.84 1.3945 0.1728
LIN / Linde plc 0.01 -0.73 6.44 2.45 1.2396 -0.0732
HGTY / Hagerty, Inc. 0.61 9.37 6.14 29.16 1.1815 0.1890
AXP / American Express Company 0.02 -1.76 6.12 24.14 1.1768 0.1481
MCO / Moody's Corporation 0.01 0.00 5.96 16.67 1.1478 0.0802
BK / The Bank of New York Mellon Corporation 0.06 -0.11 5.71 19.27 1.0996 0.0992
KO / The Coca-Cola Company 0.08 -0.15 5.69 -4.42 1.0956 -0.1480
SCHW / The Charles Schwab Corporation 0.06 -0.15 5.62 18.96 1.0808 0.0950
UNP / Union Pacific Corporation 0.02 -1.32 4.93 4.69 0.9491 -0.0346
DEO / Diageo plc - Depositary Receipt (Common Stock) 0.05 -4.06 4.88 -13.92 0.9392 -0.2446
FWONK / Formula One Group 0.04 -0.89 4.32 22.77 0.8323 0.0967
CPRT / Copart, Inc. 0.08 0.03 4.07 -18.76 0.7824 -0.2625
TRV / The Travelers Companies, Inc. 0.01 -0.61 3.89 1.75 0.7482 -0.0496
JNJ / Johnson & Johnson 0.02 -1.49 3.76 -4.62 0.7233 -0.0994
OXY / Occidental Petroleum Corporation 0.07 -0.62 3.01 4.48 0.5792 -0.0224
IVV / iShares Trust - iShares Core S&P 500 ETF 0.00 0.16 2.79 17.46 0.5360 0.0409
CB / Chubb Limited 0.01 35.68 2.74 35.33 0.5265 0.1043
BLK / BlackRock, Inc. 0.00 -0.91 2.73 17.20 0.5260 0.0390
VLTO / Veralto Corporation 0.02 0.64 2.44 13.93 0.4691 0.0223
FAST / Fastenal Company 0.06 100.00 2.43 3.14 0.4685 -0.0244
BDX / Becton, Dickinson and Company 0.01 -0.57 2.37 -14.31 0.4552 -0.1213
CGGR / Capital Group Growth ETF 0.06 2.85 2.35 28.33 0.4526 0.0700
APH / Amphenol Corporation 0.02 0.00 2.35 50.22 0.4525 0.1256
GOOG / Alphabet Inc. 0.01 -4.81 2.33 9.74 0.4489 0.0050
DE / Deere & Company 0.00 0.02 2.27 11.83 0.4368 0.0131
LPX / Louisiana-Pacific Corporation 0.03 -0.70 2.16 1.55 0.4154 -0.0285
WMT / Walmart Inc. 0.02 0.01 2.15 3.12 0.4132 -0.0217
PEP / PepsiCo, Inc. 0.02 -0.53 2.10 -8.44 0.4050 -0.0750
ECL / Ecolab Inc. 0.01 -0.69 1.91 13.02 0.3677 0.0146
CSGP / CoStar Group, Inc. 0.02 0.07 1.71 -0.52 0.3294 -0.0298
IDXX / IDEXX Laboratories, Inc. 0.00 0.07 1.62 27.27 0.3127 0.0461
ESAB / ESAB Corporation 0.01 0.00 1.53 6.71 0.2938 -0.0049
IEFA / iShares Trust - iShares Core MSCI EAFE ETF 0.02 0.01 1.51 9.00 0.2914 0.0013
VUG / Vanguard Index Funds - Vanguard Growth ETF 0.00 0.42 1.48 25.13 0.2857 0.0381
CINF / Cincinnati Financial Corporation 0.01 0.00 1.46 12.05 0.2810 0.0088
MSCI / MSCI Inc. 0.00 0.00 1.45 7.12 0.2782 -0.0036
HD / The Home Depot, Inc. 0.00 -0.86 1.31 2.58 0.2529 -0.0147
BAM / Brookfield Asset Management Ltd. 0.02 0.00 1.28 11.70 0.2463 0.0071
IJH / iShares Trust - iShares Core S&P Mid-Cap ETF 0.02 -0.39 1.24 12.38 0.2395 0.0084
SPGI / S&P Global Inc. 0.00 0.00 1.24 13.11 0.2391 0.0096
IJR / iShares Trust - iShares Core S&P Small-Cap ETF 0.01 -0.37 1.10 12.59 0.2118 0.0078
USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF 0.01 -0.01 1.00 4.28 0.1924 -0.0078
PG / The Procter & Gamble Company 0.01 -1.57 1.00 -6.66 0.1916 -0.0310
CGUS / Capital Group Core Equity ETF 0.03 7.68 0.99 27.03 0.1900 0.0277
NVDA / NVIDIA Corporation 0.01 8.99 0.95 74.22 0.1835 0.0692
WCN / Waste Connections, Inc. 0.01 0.00 0.95 -5.59 0.1819 -0.0273
TSLA / Tesla, Inc. 0.00 67.59 0.92 123.73 0.1779 0.0916
CAT / Caterpillar Inc. 0.00 0.91 0.1742 0.1742
CL / Colgate-Palmolive Company 0.01 -0.92 0.87 -6.07 0.1668 -0.0257
BN / Brookfield Corporation 0.01 0.00 0.83 23.63 0.1602 0.0195
VB / Vanguard Index Funds - Vanguard Small-Cap ETF 0.00 6.87 0.83 21.86 0.1589 0.0176
META / Meta Platforms, Inc. 0.00 4.82 0.82 54.63 0.1576 0.0471
AMAT / Applied Materials, Inc. 0.00 -0.47 0.81 31.82 0.1564 0.0276
CGXU / Capital Group International Focus Equity ETF 0.03 0.00 0.81 15.01 0.1563 0.0087
XOM / Exxon Mobil Corporation 0.01 -13.38 0.78 -13.77 0.1508 -0.0390
NKE / NIKE, Inc. 0.01 0.00 0.78 24.48 0.1499 0.0193
ACN / Accenture plc 0.00 0.00 0.77 5.33 0.1484 -0.0046
V / Visa Inc. 0.00 0.00 0.76 7.23 0.1455 -0.0019
VTV / Vanguard Index Funds - Vanguard Value ETF 0.00 -0.55 0.74 8.22 0.1420 -0.0003
SPY / SPDR S&P 500 ETF 0.00 0.00 0.71 17.08 0.1360 0.0101
SYK / Stryker Corporation 0.00 0.00 0.70 13.73 0.1355 0.0061
JBTM / JBT Marel Corporation 0.01 0.00 0.68 26.97 0.1307 0.0190
MTD / Mettler-Toledo International Inc. 0.00 0.00 0.68 17.19 0.1300 0.0095
CGGO / Capital Group Global Growth Equity ETF 0.02 4.11 0.66 21.83 0.1279 0.0141
CGDV / Capital Group Dividend Value ETF 0.02 -2.72 0.65 15.12 0.1247 0.0073
ADP / Automatic Data Processing, Inc. 0.00 0.00 0.64 5.25 0.1237 -0.0038
DGRO / iShares Trust - iShares Core Dividend Growth ETF 0.01 1.58 0.63 11.27 0.1217 0.0029
UPS / United Parcel Service, Inc. 0.01 -0.33 0.62 4.06 0.1184 -0.0053
AMT / American Tower Corporation 0.00 0.00 0.60 0.00 0.1148 -0.0097
XYL / Xylem Inc. 0.00 0.00 0.58 15.77 0.1117 0.0070
VWO / Vanguard International Equity Index Funds - Vanguard FTSE Emerging Markets ETF 0.01 2.62 0.57 15.32 0.1102 0.0065
WFC / Wells Fargo & Company 0.01 0.03 0.56 20.91 0.1081 0.0112
PSX / Phillips 66 0.00 -2.71 0.53 15.09 0.1029 0.0058
CGDG / Capital Group Dividend Growers ETF 0.02 7.17 0.52 19.21 0.0992 0.0089
VEA / Vanguard Tax-Managed Funds - Vanguard FTSE Developed Markets ETF 0.01 -1.30 0.49 9.17 0.0940 0.0006
HSY / The Hershey Company 0.00 0.00 0.48 -0.82 0.0930 -0.0088
HSIC / Henry Schein, Inc. 0.01 0.00 0.47 13.13 0.0914 0.0038
ORCL / Oracle Corporation 0.00 0.00 0.44 72.16 0.0846 0.0312
RTX / RTX Corporation 0.00 -1.88 0.42 25.90 0.0805 0.0112
ETN / Eaton Corporation plc 0.00 0.00 0.41 33.55 0.0798 0.0151
CGIE / Capital Group International Equity ETF 0.01 4.33 0.40 16.33 0.0768 0.0051
WRB / W. R. Berkley Corporation 0.01 0.38 0.0740 0.0740
VT / Vanguard International Equity Index Funds - Vanguard Total World Stock ETF 0.00 7.17 0.37 22.92 0.0713 0.0085
VOO / Vanguard Index Funds - Vanguard S&P 500 ETF 0.00 1.47 0.35 19.26 0.0680 0.0060
IBM / International Business Machines Corporation 0.00 -9.53 0.35 10.44 0.0673 0.0013
MKC / McCormick & Company, Incorporated 0.00 0.00 0.35 0.29 0.0668 -0.0056
UL / Unilever PLC - Depositary Receipt (Common Stock) 0.01 -6.10 0.34 -12.44 0.0652 -0.0154
GLD / SPDR Gold Trust 0.00 0.00 0.31 -1.90 0.0595 -0.0064
USB / U.S. Bancorp 0.01 0.00 0.30 15.89 0.0576 0.0037
NTRS / Northern Trust Corporation 0.00 0.00 0.30 41.83 0.0568 0.0134
BAC / Bank of America Corporation 0.01 0.00 0.29 23.31 0.0560 0.0067
PM / Philip Morris International Inc. 0.00 -18.23 0.29 -9.52 0.0550 -0.0108
CSCO / Cisco Systems, Inc. 0.00 -18.15 0.28 3.31 0.0542 -0.0028
DFAC / Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF 0.01 0.00 0.28 15.83 0.0536 0.0034
IWM / iShares Trust - iShares Russell 2000 ETF 0.00 0.00 0.27 15.02 0.0517 0.0030
VNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF 0.00 0.00 0.27 2.69 0.0514 -0.0029
PFE / Pfizer Inc. 0.01 -15.34 0.27 -8.90 0.0513 -0.0098
CVX / Chevron Corporation 0.00 0.24 0.0463 0.0463
BWXT / BWX Technologies, Inc. 0.00 -22.19 0.24 9.68 0.0458 0.0004
TROW / T. Rowe Price Group, Inc. 0.00 0.00 0.23 12.08 0.0447 0.0014
SYY / Sysco Corporation 0.00 0.00 0.23 3.14 0.0444 -0.0022
AIRR / First Trust Exchange-Traded Fund VI - First Trust RBA American Industrial Renaissance ETF 0.00 0.23 0.0433 0.0433
COF / Capital One Financial Corporation 0.00 0.22 0.0426 0.0426
ITOT / iShares Trust - iShares Core S&P Total U.S. Stock Market ETF 0.00 0.21 0.0401 0.0401
SSRM / SSR Mining Inc. 0.01 0.00 0.13 23.30 0.0245 0.0028
GLDG / GoldMining Inc. 0.01 0.00 0.01 -12.50 0.0015 -0.0004