Portfolio (Quarterly) Guide ↗

Lincoln Capital LLC

· CIK 0001633862

13F Portfolio $552M AUM 131 positions Filed Jan 8, 2026 EDGAR ↗ ← All Funds

Q4 2025 Q3 2025 · All 9 New 24 Added 46 Reduced 2 Exited

Page 7 of 7 · 131 positions

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#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
121	GLD	SPDR GOLD TR	Financial Services	585.0	$232K	0.04%	-450.0	-43.5%	$396.08	+5.3%
122	ABBV	ABBVIE INC	Healthcare	1,001.0	$229K	0.04%	—	—	$228.49	-6.1%
123	ITOT	ISHARES TR	—	1,514.0	$225K	0.04%	-30.0	-1.9%	$148.71	+9.0%
124	NUE	NUCOR CORP	Basic Materials	1,347.0	$220K	0.04%	NEW	—	$163.11	+38.8%
125	QQQ	INVESCO QQQ TR	Financial Services	353.0	$217K	0.04%	—	—	$614.90	+16.2%
126	MKC	MCCORMICK & CO INC	Consumer Defensive	3,087.0	$210K	0.04%	—	—	$68.12	-31.1%
127	EL	LAUDER ESTEE COS INC	Consumer Defensive	1,993.0	$209K	0.04%	NEW	—	$104.70	-24.6%
128	COP	CONOCOPHILLIPS	Energy	2,168.0	$203K	0.04%	-50.0	-2.2%	$93.61	+28.8%
129	NTRS	NORTHERN TR CORP	Financial Services	1,468.0	$201K	0.04%	NEW	—	$136.63	+22.3%
130	UAMY	UNITED STATES ANTIMONY CORP	Basic Materials	11,483.0	$58K	0.01%	NEW	—	$5.02	+65.9%
131	GLDG	GOLDMINING INC	Basic Materials	10,752.0	$13K	0.00%	NEW	—	$1.25	-11.2%

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① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Financial Services 31.4%

Communication Services 14.4%

Consumer Cyclical 12.3%

Industrials 10.4%

Consumer Defensive 10.1%

Technology 9.9%

Healthcare 7.2%

Basic Materials 2.2%

Energy 1.6%

Real Estate 0.4%