13F-HR: Lincoln National Corp Discloses Q2 2025 Holdings

Lincoln National Corp has filed its Form 13F-HR, revealing $3.3 billion in equity holdings as of June 30, 2025, primarily in diversified exchange-traded funds.

Summary

• Lincoln National Corp, an institutional investment manager, filed its Form 13F-HR for the quarter ended June 30, 2025.
• The report details equity holdings totaling $3,297,232,180.
• The filing includes 20 distinct holdings entries, predominantly consisting of various Vanguard, iShares, and Schwab exchange-traded funds (ETFs).
• All reported holdings are under 'SOLE' investment discretion.
• Lincoln Financial Investments Corp is listed as one other included manager in this report.

Sentiment

Score: 5

Explanation: The sentiment is neutral as a Form 13F-HR is a factual, regulatory disclosure of equity holdings and does not contain qualitative information that would indicate positive or negative sentiment regarding the company's performance or outlook.

Positives

• Not applicable for a Form 13F-HR, which is a regulatory disclosure of equity holdings and does not typically contain positive operational or financial performance indicators for the filing entity.

Negatives

• Not applicable for a Form 13F-HR, which is a regulatory disclosure of equity holdings and does not typically contain negative operational or financial performance indicators for the filing entity.

Risks

• Not applicable for a Form 13F-HR, which is a regulatory disclosure of equity holdings and does not typically detail business-specific risks or future challenges for the filing entity.

Future Outlook

Not applicable for a Form 13F-HR, which is a historical snapshot of equity holdings and does not provide forward-looking statements or guidance.

Management Comments

• Not applicable for a Form 13F-HR, which is a regulatory disclosure of equity holdings and does not typically include management commentary beyond the certification of accuracy.

Industry Context

This filing is a routine quarterly disclosure required for institutional investment managers with over $100 million in equity assets under management. It provides transparency into Lincoln National Corp's public equity investment positions, which are primarily diversified ETFs, reflecting a common strategy for large financial institutions managing broad market exposure.

Comparison to Industry Standards

• Not applicable for a Form 13F-HR, which is a disclosure of equity holdings and does not provide performance metrics or operational results for direct comparison to industry standards or specific comparable companies/projects.

Management Changes

Corporate Governance

Legal Proceedings

• Not applicable for a Form 13F-HR, which is a regulatory disclosure of equity holdings and does not typically report legal proceedings.

Related Party Transactions

• Not applicable for a Form 13F-HR, which is a regulatory disclosure of equity holdings and does not typically report related party transactions.

Stakeholder Impact

• This filing provides transparency to investors and the public regarding Lincoln National Corp's equity investment strategy and holdings, which can inform investment decisions for shareholders and potential investors.
• The disclosure of holdings in broad market ETFs suggests a diversified and relatively passive investment approach for the reported assets.

Next Steps

• Not applicable for a Form 13F-HR, which is a historical snapshot of equity holdings and does not outline future actions or milestones for the filing entity.

Key Dates

Keywords

Lincoln National Corp, 13F-HR, SEC filing, institutional holdings, equity portfolio, investment management, ETFs, Vanguard, iShares, Schwab