LINCOLN NATIONAL CORP
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 25 quarters, returned +2.8% per quarter — versus +2.3% per quarter from simply owning every 13F stock. It beat that baseline in only 60.0% of quarters (excess t = 0.22, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 19 holdings of 19 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| VUG | $314M | | ADD |
| BSV | $306M | | HOLD |
| VTV | $275M | | TRIM |
| VTI | $265M | | HOLD |
| VEU | $249M | | TRIM |
| SCHP | $237M | | ADD |
| VOO | $231M | | HOLD |
| BNDX | $226M | | HOLD |
| BLV | $181M | | ADD |
| VMBS | $178M | | HOLD |
| VEA | $170M | | TRIM |
| BIV | $169M | | HOLD |
| VTHR | $133M | | HOLD |
| IEMG | $114M | | ADD |
| VXUS | $112M | | TRIM |
| VGK | $110M | | HOLD |
| VPL | $76M | | TRIM |
| VB | $74M | | TRIM |
| VXF | $35M | | HOLD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
None.
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.