13F-HR: Lincoln National Corp's Q4 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 December 31, 2024, primarily invested in Vanguard and iShares ETFs.

Summary

• Lincoln National Corp filed its Form 13F for the quarter ended December 31, 2024.
• The filing reports \$3,108,013,939 in total value of holdings.
• The report includes holdings from Lincoln National Corp and Lincoln Financial Investments Corp.
• The portfolio consists of 21 holdings, primarily invested in various Vanguard and iShares ETFs.
• The largest holding is iShares Core MSCI Emerging Markets ETF with a value of \$105,116,353 representing 2,012,952 shares.
• Significant investments are also held in Schwab Strategic Trust US TIPS ETF (\$212,508,524) and various Vanguard bond and equity index funds.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects a standard investment strategy with diversified holdings. There are no explicit negative indicators, but the portfolio's performance is subject to market risks.

Positives

• The portfolio is well-diversified across various asset classes and geographies through ETF investments.
• The focus on index funds suggests a cost-effective investment strategy.
• The inclusion of both domestic and international equity ETFs provides broad market exposure.

Risks

• The portfolio's performance is subject to the market risks associated with the underlying ETFs.
• Emerging market investments, such as the iShares Core MSCI Emerging Markets ETF, carry additional risks related to political and economic instability.
• Changes in interest rates could impact the value of bond ETFs.

Future Outlook

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

Industry Context

The filing reflects a common strategy among institutional investors to utilize ETFs for diversified exposure to various market segments. The focus on Vanguard and iShares, two of the largest ETF providers, indicates a preference for established and liquid investment vehicles.

Comparison to Industry Standards

• Many large institutional investors use ETFs to gain broad market exposure, similar to Lincoln National's strategy.
• Comparable companies like Prudential or MetLife also disclose significant ETF holdings in their 13F filings.
• The allocation to specific ETFs, such as MSCI Emerging Markets and US TIPS, reflects common investment themes among institutional investors.

Stakeholder Impact

• The investment strategy impacts shareholders through the performance of the investment portfolio.
• Employees are indirectly affected by the company's financial performance.
• Customers may be impacted by the company's ability to meet its financial obligations.

Key Dates

Keywords

13F filing, Lincoln National Corp, investment portfolio, ETFs, Vanguard, iShares, holdings, securities