Lincoln Capital LLC

2. Key Holdings

The portfolio is currently dominated by a concentrated group of high-conviction names, with the top 10 positions accounting for approximately 52% of the total portfolio value.

• Top Positions: Alphabet Inc. (GOOGL) is the largest holding at $48.71M (8.83%), followed closely by Berkshire Hathaway across both share classes—BRK/B at $47.12M (8.54%) and BRK/A at $40.00M (7.25%). This indicates a strong weighting toward both the technology/communication sector and financial conglomerates.
• Financial Concentration: Markel Group Inc. (MKL) at $37.41M (6.78%) and Mastercard (MA) at $34.39M (6.23%) further cement the financial sector's dominance in the top tier.
• Consumer Staples & Quality Growth: Costco (COST) holds a significant position at $30.02M (5.44%), while major technology names Microsoft (MSFT), Amazon (AMZN), and Apple (AAPL) round out the top 10, ranging from 2.78% to 3.74% of the portfolio.