13F-HR: Lincoln National Corp Discloses Q1 2025 Investment Portfolio

Lincoln National Corp's latest 13F filing reveals its holdings as of March 31, 2025, totaling over $3.1 billion across 21 positions, primarily in Vanguard and iShares ETFs.

Summary

• Lincoln National Corp filed its Form 13F for the quarter ended March 31, 2025.
• The filing discloses holdings valued at approximately $3,103,599,860.
• The portfolio consists of 21 holdings.
• The top holdings include various Vanguard and iShares ETFs, indicating a preference for broad market exposure and fixed income investments.
• The largest holding is iShares Core MSCI Emerging Markets ETF, valued at $103,492,008 representing 1,917,584 shares.
• Other significant holdings include Schwab Strategic Trust US TIPS ETF ($215,121,425) and various Vanguard bond and equity ETFs.

Sentiment

Score: 6

Explanation: The document is a routine portfolio disclosure, so the sentiment is neutral. The portfolio appears well-diversified, which is a positive, but there are no specific performance metrics to assess.

Positives

• The portfolio is well-diversified across various asset classes and geographies through ETF holdings.
• The focus on ETFs provides cost-effective exposure to broad market indices.
• The inclusion of TIPS ETF suggests a strategy to hedge against inflation.

Risks

• The portfolio's performance is subject to the risks associated with the underlying ETFs, including market volatility and economic conditions.
• Emerging market investments carry additional risks related to political and economic instability.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Institutional investors like Lincoln National Corp are required to file 13F reports, providing transparency into their investment strategies and holdings, which can influence market trends and investor sentiment.

Comparison to Industry Standards

• Comparing Lincoln National's portfolio allocation to other insurance companies and large institutional investors would provide insights into their relative risk appetite and investment strategies.
• Many institutional investors use similar ETFs for broad market exposure, such as Vanguard's S&P 500 ETF (SPY) or iShares' MSCI EAFE ETF (EFA).
• The specific allocation percentages to different asset classes (e.g., equities, fixed income, international) can be benchmarked against industry averages.

Stakeholder Impact

• The investment decisions reflected in the 13F filing can impact shareholders through the performance of Lincoln National's investment portfolio.
• The company's investment choices can also influence the market prices of the securities it holds.

Key Dates

Keywords

13F filing, Lincoln National Corp, investment portfolio, ETFs, Vanguard, iShares, holdings, equities, fixed income