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Institutional Investment Manager
LINCOLN NATIONAL CORP
LINCOLN NATIONAL CORP (CIK: 0000059558) incorporated in Indiana, registered under Life Insurance, located at 150 N Radnor Chester Rd, Radnor, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q2)
Portfolio Summary: 137 holdings with a total value of $967,007,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 ROYAL DUTCH SHELL PLC 7,558 658,000 0.07%
52 ISHARES RUSSELL 2000 GROWTH ETF 4,790 663,000 0.07%
53 GENUINE PARTS CO 7,646 671,000 0.07%
54 GUGGENHEIM BULLETSHARES 2016 CORPORATE BOND ETF 30,053 673,000 0.07%
55 GUGGENHEIM BULLETSHARES 2015 CORPORATE BOND ETF 30,721 673,000 0.07%
56 VERIZON COMMUNICATIONS INC 14,351 702,000 0.07%
57 BOEING CO 5,634 717,000 0.07%
58 ISHARES COHEN & STEERS REIT ETF 8,225 718,000 0.07%
59 CLAYMORE EXCHANGE TRADED FD TR 34,876 737,000 0.08%
60 WASTE MGMT INC DEL 16,586 742,000 0.08%
61 VANGUARD WHITEHALL FDS 11,654 773,000 0.08%
62 SYSCO CORP 21,261 796,000 0.08%
63 VANGUARD BD INDEX FDS 9,948 799,000 0.08%
64 SANDY SPRING BANCORP INC COM 32,692 814,000 0.08%
65 BANK MONTREAL QUE 11,144 820,000 0.08%
66 DOMINION ENERGY INC 11,733 839,000 0.09%
67 AUTOMATIC DATA PROCESSING IN 10,616 842,000 0.09%
68 SPDR SERIES TRUST 20,214 843,000 0.09%
69 CREDIT SUISSE NASSAU BRH 25,110 897,000 0.09%
70 Spectra Energy Corp Com 21,551 915,000 0.09%
71 PHILIP MORRIS INTL INC 10,897 919,000 0.10%
72 VANGUARD INTL EQUITY INDEX F 14,919 929,000 0.10%
73 Welltower Inc. 15,191 952,000 0.10%
74 EMERSON ELEC CO 14,788 981,000 0.10%
75 REYNOLDS AMERICAN INC 16,388 989,000 0.10%
76 REALTY INCOME CORP 22,352 993,000 0.10%
77 JPMORGAN CHASE & CO 18,261 1,053,000 0.11%
78 CISCO SYS INC 42,731 1,062,000 0.11%
79 TARGET CORP 18,846 1,092,000 0.11%
80 LOCKHEED MARTIN CORP 6,963 1,119,000 0.12%
81 AT&T INC 33,525 1,185,000 0.12%
82 UNITED PARCEL SERVICE INC 11,594 1,190,000 0.12%
83 CLOROX CO DEL 13,639 1,247,000 0.13%
84 PEPSICO INC 14,369 1,284,000 0.13%
85 APPLE INC 13,973 1,299,000 0.13%
86 WESTPAC BKG CORP 41,129 1,321,000 0.14%
87 KIMBERLY CLARK CORP 11,877 1,321,000 0.14%
88 ISHARES TR 20,483 1,400,000 0.14%
89 NATIONAL GRID PLC 19,140 1,424,000 0.15%
90 PIMCO ETF TR 14,069 1,427,000 0.15%
91 WELLS FARGO & CO NEW 27,584 1,450,000 0.15%
92 MARRIOTT INTL INC NEW 22,649 1,452,000 0.15%
93 PAYCHEX INC 35,336 1,469,000 0.15%
94 ISHARES TR 14,732 1,510,000 0.16%
95 MICROSOFT CORP 37,060 1,545,000 0.16%
96 NOVARTIS A G 17,810 1,612,000 0.17%
97 INTEL CORP 53,667 1,658,000 0.17%
98 ISHARES TR 16,592 1,815,000 0.19%
99 ISHARES TR 36,598 1,861,000 0.19%
100 ISHARES TR 62,746 2,016,000 0.21%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-14-001634, filed 2014.08.11).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.