13F-HR: Lincoln National Corp's Q2 2024 13F Filing Reveals $2.96 Billion in Holdings

Lincoln National Corp's latest 13F filing discloses \$2.96 billion in managed securities as of June 30, 2024, primarily invested in Vanguard and iShares ETFs.

Summary

• Lincoln National Corp filed its Form 13F for the quarter ended June 30, 2024.
• The filing reports total holdings valued at approximately \$2.96 billion.
• The portfolio consists of 23 holdings, primarily invested in exchange-traded funds (ETFs).
• Significant holdings include iShares Core MSCI Emerging Markets ETF and various Vanguard bond and equity index funds.
• The filing indicates sole voting authority for all reported shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing is a routine disclosure, and the holdings reflect a diversified investment strategy. There are no indications of significant risks or concerns.

Positives

• The filing provides transparency into Lincoln National Corp's investment strategy.
• The portfolio is well-diversified across various asset classes and geographic regions through ETF holdings.
• The focus on index funds suggests a cost-efficient investment approach.

Industry Context

Institutional investment managers like Lincoln National Corp are required to file Form 13F to disclose their equity holdings, providing insights into their investment strategies and market trends. The focus on ETFs reflects a broader industry trend towards passive investing and diversification.

Comparison to Industry Standards

• The investment strategy of Lincoln National, as evidenced by its 13F filing, appears to align with common practices among large institutional investors.
• The heavy allocation to Vanguard and iShares ETFs is consistent with a focus on diversification and cost-efficiency, similar to strategies employed by firms like State Street and BlackRock.
• Compared to actively managed funds, the reported holdings suggest a preference for passive investment strategies, which is a growing trend in the asset management industry.
• The specific ETFs held, such as those tracking the MSCI Emerging Markets and FTSE Developed Markets indices, are standard choices for achieving broad market exposure, similar to holdings in portfolios managed by firms like Bridgewater Associates.

Stakeholder Impact

• The investment decisions reflected in the 13F filing can impact shareholders through the performance of Lincoln National Corp's investment portfolios.
• Employees may be affected by the company's overall financial performance and strategic direction.
• Customers could be indirectly impacted through the stability and growth of the company's financial products and services.

Key Dates