LINCOLN NATIONAL CORP

Public Company

LINCOLN NATIONAL CORP is a Public Company based in Radnor, PA led by Ellen G. Cooper, managing $3.5B across 20 long positions as of Q3 2025 with 100% ETF concentration and 69% concentrated in top 10 holdings.

CEOEllen G. Cooper

Portfolio Value: $3.5B
Positions: 20
Top Holding: VUG at 9.22%
Last Reported: Q3 2025

Address150 N Radnor Chester Rd, Radnor, PA, 19087

Top Holdings

Largest long holdings in LINCOLN NATIONAL CORP's portfolio (69.1% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard Growth VUG	ETF ETF	$323.3M	9.22%	-$11.5M Sold	— 674.2K shares	Q4 2024 Held for 11 months
2 Vanguard Short-Term Bond BSV	ETF ETF	$292.4M	8.34%	+$19.6M Bought	— 3.7M shares	Q4 2013 Held for 11y 11m
3 Vanguard Value VTV	ETF ETF	$276.1M	7.87%	+$3.6M Bought	— 1.5M shares	Q4 2024 Held for 11 months
4 Vanguard Total Stock Market VTI	ETF ETF	$269.8M	7.69%	-$4.2M Sold	— 822.0K shares	Q4 2013 Held for 11y 11m
5 Vanguard FTSE All-World Ex-US ETF VEU	ETF ETF	$237.7M	6.78%	+$3.2M Bought	— 3.3M shares	Q4 2013 Held for 11y 11m
6 Vanguard S&P 500 ETF VOO	ETF ETF	$234.7M	6.69%	-$3.7M Sold	— 383.2K shares	Q4 2024 Held for 11 months
7 Schwab U.S. TIPS SCHP	ETF ETF	$224.3M	6.40%	+$3.1M Bought	— 8.3M shares	Q4 2021 Held for 3y 11m
8 Vanguard Total International Bond BNDX	ETF ETF	$217.3M	6.20%	+$14.6M Bought	— 4.4M shares	Q3 2017 Held for 8y 2m
9 BLV Vanguard Long-Term Bond BLV	ETF ETF	$177.5M	5.06%	+$7.3M Bought	— 2.5M shares	Q4 2013 Held for 11y 11m
10 Vanguard Mortgage-Backed Securities VMBS	ETF ETF	$171.6M	4.89%	+$9.5M Bought	— 3.7M shares	Q4 2013 Held for 11y 11m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in LINCOLN NATIONAL CORP's latest filing

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GthenC

Market Value

$3.5B

Prior: $3.3B

Q/Q Change

+6.35%

+$209.5M

Net Flows % of MV

+1.29%

Turnover Ratio

1.54%

New Purchases

0 stocks

Added To

13 stocks

+$76.7M

Sold Out Of

0 stocks

Reduced Holdings

7 stocks

-$31.4M

Increased Positions

Position	Shares Δ	Change
1 Vanguard Total International Bond BNDX	+7.18%	4.1M → 4.4M +$14.6M
2 Vanguard Short-Term Bond BSV	+7.18%	3.5M → 3.7M +$19.6M
3 Vanguard Mortgage-Backed Securities VMBS	+5.85%	3.5M → 3.7M +$9.5M
4 Vanguard Intermediate-Term Bond BIV	+5.42%	2.0M → 2.1M +$8.4M
5 BLV Vanguard Long-Term Bond BLV	+4.28%	2.4M → 2.5M +$7.3M

Decreased Positions

Position	Shares Δ	Change
1 iShares Core MSCI Emerging Markets IEMG	-6.29%	1.8M → 1.7M −$7.6M
2 Vanguard Growth VUG	-3.43%	698.1K → 674.2K −$11.5M
3 Vanguard FTSE Pacific ETF VPL	-2.58%	841.3K → 819.6K −$1.9M
4 Vanguard Total Stock Market VTI	-1.54%	834.9K → 822.0K −$4.2M
5 Vanguard S&P 500 ETF VOO	-1.54%	389.2K → 383.2K −$3.7M