LINCOLN NATIONAL CORP

CIK 0000059558 · Q2 2026

13F Equity AUM

$3.9B

+13.1% QoQ

Positions

+1 QoQ

AUM Rank

#1,691

Top 14%

Skill Alpha (FF)

-1.6%/yr^ns

No Clear Edge

Rank #5,193 · Top 63%

vs S&P -5.5%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 39.9%Top 10: 68.6%Top 20: 100.0%

VUG9.0%

VTV8.2%

BSV7.9%

VTI7.8%

VEU7.1%

VOO6.7%

SCHP6.4%

BNDX6.0%

BLV4.8%

VEA4.8%

Others (10)31.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services100.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 20Median: 4.72%Avg: 5.00%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

3(5.5%)

3–5%

9(35.5%)

5%+

8(59.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 20vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New1Increased11Decreased8Exited0

New Positions

VWO3.4%

+2.2M

Increased

VUG9.0%

+3.4M(+466%)

SCHP6.4%

+532K(+6%)

BLV4.8%

+124K(+5%)

BNDX6.0%

+107K(+2%)

VMBS4.7%

+89K(+2%)

BSV7.9%

+75K(+2%)

VTV8.2%

+67K(+5%)

BIV4.4%

+66K(+3%)

VGK3.1%

+36K(+3%)

VB2.3%

+9K(+3%)

Decreased

IEMG3.2%

-115,803(-7%)

VPL2.2%

-33,446(-4%)

VEA4.8%

-23,812(-1%)

VEU7.1%

-21,265(-1%)

VXUS3.1%

-9,624(-1%)

VTI7.8%

-8,629(-1%)

VOO6.7%

-5,663(-1%)

VTHR3.9%

-4,456(-1%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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