13F-HR: Lincoln National Corp's Q3 2024 13F Filing Reveals $3.1 Billion in Holdings

Lincoln National Corp's latest 13F filing discloses $3.1 billion in managed securities as of September 30, 2024, showcasing a diverse portfolio primarily invested in Vanguard and iShares ETFs.

Summary

• Lincoln National Corp filed its Form 13F for the quarter ended September 30, 2024.
• The filing reveals total holdings valued at $3,122,217,027.
• The portfolio includes 23 holdings, primarily consisting of shares in various Vanguard and iShares ETFs.
• Key holdings include iShares Core MSCI Emerging Markets ETF ($107,708,853), Schwab Strategic Trust US TIPS ETF ($220,348,294), and several Vanguard bond and equity index funds.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard investment practices. The sentiment is neutral to slightly positive due to the large AUM and diversified portfolio.

Positives

• The filing provides transparency into Lincoln National Corp's investment portfolio.
• The portfolio is diversified across various asset classes and geographies through ETF holdings.
• The large AUM suggests a significant presence in the investment management space.

Industry Context

13F filings are a standard requirement for institutional investment managers with over $100 million in assets under management, providing insights into their investment strategies and holdings. The focus on ETFs reflects a broader trend towards passive investing and diversification.

Comparison to Industry Standards

• Comparing Lincoln National's portfolio to other insurance companies and asset managers reveals a common strategy of utilizing ETFs for broad market exposure.
• For example, similar filings from Prudential or MetLife would likely show comparable allocations to Vanguard and iShares ETFs for efficient diversification.
• The specific ETF choices (e.g., MSCI Emerging Markets, US TIPS) reflect Lincoln National's investment outlook and risk appetite, which can be benchmarked against industry averages for similar institutions.

Stakeholder Impact

• The investment decisions reflected in the 13F filing can impact shareholders through the performance of Lincoln National's investment products.
• The holdings in various ETFs also indirectly support the underlying companies included in those ETFs.

Key Dates