# EDGAR Filing Document

**Accession Number:** 0000914036
**File Stem:** 0001410368-25-027744
**Filing Date:** 2025-11
**Character Count:** 18282
**Document Hash:** 1199931c2ecf21b67b5126f64ef26223
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-027744.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-027744

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0000914036

**ORGANIZATION NAME:**
- **EIN:** 521835648
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08090
- **FILM NUMBER:** 251504933

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** 260-455-2000

**MAIL ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AGGRESSIVE GROWTH FUND /
- **DATE OF NAME CHANGE:** 20031001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **DATE OF NAME CHANGE:** 20030910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN NATIONAL AGGRESSIVE GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19931025

## Series and Classes Contracts Data

### Lincoln Hedged S&P 500 Fund (Series ID: S000071412)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000226491 | Service      |  |
| C000226492 | Standard     |  |

## Nport-Ex

**Lincoln Hedged S&P 500 Fund**

**Schedule of Investments**

September 30, 2025 (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Number of** <br>**Shares**<br>| **Value** <br>**(U.S. $)**<br>|
| **AFFILIATED INVESTMENT–52.15%** | **AFFILIATED INVESTMENT–52.15%** | **AFFILIATED INVESTMENT–52.15%** |
| **INVESTMENT COMPANY–52.15%** | **INVESTMENT COMPANY–52.15%** | **INVESTMENT COMPANY–52.15%** |
| **Equity Fund–52.15%** | **Equity Fund–52.15%** | **Equity Fund–52.15%** |
| &nbsp;&nbsp; ✧✧Lincoln Variable Insurance <br> Products Trust–<br> LVIP SSGA S&P 500 Index <br> Fund<br>| 759586 | $25213679 |
| **Total Affiliated Investment** <br>**(Cost $22,971,820)**<br>|  | **25213679** |
| **UNAFFILIATED INVESTMENTS–53.33%** | **UNAFFILIATED INVESTMENTS–53.33%** | **UNAFFILIATED INVESTMENTS–53.33%** |
| **INVESTMENT COMPANY–0.25%** | **INVESTMENT COMPANY–0.25%** | **INVESTMENT COMPANY–0.25%** |
| **Money Market Fund–0.25%** | **Money Market Fund–0.25%** | **Money Market Fund–0.25%** |
| &nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund - Premier Class <br> (seven-day effective yield <br> 4.09%)<br>| 121080 | 121080 |
| **Total Investment Company** <br>**(Cost $121,080)**<br>|  | **121080** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Number of** <br>**Contracts**<br>|  |
| **OPTIONS PURCHASED–53.08%** | **OPTIONS PURCHASED–53.08%** | **OPTIONS PURCHASED–53.08%** |
| **CENTRALLY CLEARED–53.08%** | **CENTRALLY CLEARED–53.08%** | **CENTRALLY CLEARED–53.08%** |
| **Call Options–50.85%** | **Call Options–50.85%** | **Call Options–50.85%** |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $11.86, expiration date <br> 12/17/25, notional amount <br> $111,484<br>| 94 | 6161540 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $11.46, expiration date <br> 3/18/26, notional amount <br> $107,724<br>| 94 | 6159317 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $11.96, expiration date <br> 6/17/26, notional amount <br> $112,424<br>| 94 | 6144005 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $13.20, expiration date <br> 9/16/26, notional amount <br> $124,080<br>| 94 | 6122601 |
|  |  | **24587463** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of**<br> **Contracts**<br>| **Value**<br> **(U.S. $)**<br>|
| **UNAFFILIATED INVESTMENTS (continued)** | **UNAFFILIATED INVESTMENTS (continued)** | **UNAFFILIATED INVESTMENTS (continued)** |
| **OPTIONS PURCHASED (continued)** | **OPTIONS PURCHASED (continued)** | **OPTIONS PURCHASED (continued)** |
| **CENTRALLY CLEARED (continued)** | **CENTRALLY CLEARED (continued)** | **CENTRALLY CLEARED (continued)** |
| **Put Options–2.23%** | **Put Options–2.23%** | **Put Options–2.23%** |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $587.24, expiration <br> date 12/17/25, notional <br> amount $10,981,388<br>| 187 | $64236 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $567.57, expiration <br> date 3/18/26, notional <br> amount $10,613,559<br>| 187 | 129599 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $598.09, expiration <br> date 6/17/26, notional <br> amount $11,184,283<br>| 187 | 277568 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $660.04, expiration <br> date 9/16/26, notional <br> amount $12,342,748<br>| 187 | 604743 |
|  |  | **1076146** |
| **Total Options Purchased** <br>**(Cost $24,451,464)**<br>|  | **25663609** |
| **Total Unaffiliated** <br> **Investments** <br>**(Cost $24,572,544)**<br>|  | **25784689** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **TOTAL INVESTMENTS–105.48% (Cost $47,544,364)** | **50998368** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Number of** <br>**Contracts**<br>| **Value** <br>**(U.S. $)**<br>|
| **OPTIONS WRITTEN–(5.85)%** | **OPTIONS WRITTEN–(5.85)%** | **OPTIONS WRITTEN–(5.85)%** |
| **CENTRALLY CLEARED–(5.85)%** | **CENTRALLY CLEARED–(5.85)%** | **CENTRALLY CLEARED–(5.85)%** |
| **Call Options–(4.75)%** | **Call Options–(4.75)%** | **Call Options–(4.75)%** |
| S&P 500 Mini Index Strike price $668.70, expiration date 12/17/25, notional amount $(12504690) | (187)<br>| $(374073)<br>|
| S&P 500 Mini Index Strike price $645.34, expiration date 3/18/26, notional amount $(12067858) | (187)<br>| (950731)<br>|
| S&P 500 Mini Index Strike price $682.48, expiration date 6/17/26, notional amount $(12762376) | (187)<br>| (678150)<br>|
| S&P 500 Mini Index Strike price $745.05, expiration date 9/16/26, notional amount $(13932435) | (187)<br>| (294706)<br>|
|  |  | **(2297660)**<br>|
| **Put Options–(1.10)%** | **Put Options–(1.10)%** | **Put Options–(1.10)%** |
| S&P 500 Mini Index Strike price $516.78, expiration date 12/17/25, notional amount $(9663786) | (187)<br>| (24059)<br>|

---

*Lincoln Hedged S&P 500 Fund–1*

------

**Lincoln Hedged S&P 500 Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Number of**<br> **Contracts**<br>| **Value**<br> **(U.S. $)**<br>|
| **OPTIONS WRITTEN (continued)** | **OPTIONS WRITTEN (continued)** | **OPTIONS WRITTEN (continued)** |
| **CENTRALLY CLEARED (continued)** | **CENTRALLY CLEARED (continued)** | **CENTRALLY CLEARED (continued)** |
| **Put Options (continued)** | **Put Options (continued)** | **Put Options (continued)** |
| S&P 500 Mini Index Strike price $499.47, expiration date 3/18/26, notional amount $(9340089) | (187)<br>| $(61729)<br>|
| S&P 500 Mini Index Strike price $526.32, expiration date 6/17/26, notional amount $(9842184) | (187)<br>| (137005)<br>|
| S&P 500 Mini Index Strike price $580.84, expiration date 9/16/26, notional amount $(10861708) | (187)<br>| (308339)<br>|
|  |  | **(531132)**<br>|
| **Total Options Written** <br>**(Premiums received $(2077970))**<br>|  | **(2828792)**<br>|
| **RECEIVABLES AND OTHER ASSETS NET OF LIABILITIES–0.37%** | **RECEIVABLES AND OTHER ASSETS NET OF LIABILITIES–0.37%** | **179001** |
| **NET ASSETS APPLICABLE TO 4,098,982 SHARES OUTSTANDING–100.00%** | **NET ASSETS APPLICABLE TO 4,098,982 SHARES OUTSTANDING–100.00%** | **$48348577** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

✧✧Standard Class shares.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **Summary of Abbreviations:** |
| S&P–Standard & Poor's |

---

See accompanying notes.

*Lincoln Hedged S&P 500 Fund–2*

------

**Lincoln Hedged S&P 500 Fund**

**Notes**

September 30, 2025 (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Transactions with Affiliates**

Affiliated investments, for purposes of the Investment Company Act of 1940, are investments that have a common investment adviser, Lincoln Financial Investments Corporation ("LFI") (LVIP Funds), or investments in issuers whereby the Fund held 5% or more of the issuers' outstanding securities (non-LVIP Funds). Affiliated investments of the Fund and the corresponding investment activity for the period ended September 30, 2025, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value**<br> **12/31/24**<br>| **Purchases** | **Sales** | **Net**<br> **Realized**<br> **Gain (Loss)**<br>| **Net Change**<br> **in**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>| **Value**<br> **09/30/25**<br>| **Number of**<br> **Shares**<br> **09/30/25**<br>| **Dividends** | **Capital**<br> **Gain**<br> **Distributions**<br>|
| **INVESTMENT COMPANY-52.15%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| **Equity Fund-52.15%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| ✧✧LVIP SSGA S&P 500 Index Fund | $9881768 | $18603658 | $4949172 | $(77366)<br>| $1754791 | $25213679 | 759586 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; <sup>@</sup> As a percentage of Net Assets as of September 30, 2025. |
| &nbsp;&nbsp; <sup>✧✧</sup> Standard Class shares. |

---

*Lincoln Hedged S&P 500 Fund–3*

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

- **b. Investment Company Act file number:** 811-08090

- **c. CIK number of Registrant:** 0000914036

- **d. LEI of Registrant:** 3EICVM5HD7FVBIM8WO57

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1301 S. Harrison Street

  - **City:** FORT WAYNE

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46802

  - **Telephone number:** 260-455-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Lincoln Hedged S&P 500 Fund

- **b. EDGAR series identifier (if any):** S000071412

- **c. LEI of Series:** 5493003ZY8IGI3RUZ549

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $53084514.72

**Total Liabilities:** $4965544.28

**Net Assets:** $48118970.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000226491 | 1.29%                | 1.23%                | 1.46%                |
| Class ID C000226492 | 1.32%                | 1.27%                | 1.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $878.86                  | $490561.45                                 |
| Month 2  | $-11210.52               | $438717.98                                 |
| Month 3  | $3274.19                 | $-253302.13                                |

**Designated Index Information**

- **Index Name:** S&P 500 Index

- **Index Identifier:** SPX

### Schedule of Portfolio Investments

| Name                         | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SG Americas Securities LLC   | 4XSP 260318P00499470                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |      -187 | NC      | $-61728.70    | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260916P00660040                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       187 | NC      | $604743.04    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260617C00682480                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |      -187 | NC      | $-678149.89   | -1.41%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260916C00745050                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |      -187 | NC      | $-294706.39   | -0.61%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 251217C00011860                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        94 | NC      | $6161540.20   | 12.80%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Global Advisors | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    121080 | NS      | $121080.14    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 251217P00587240                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       187 | NC      | $64236.37     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260318C00011460                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        94 | NC      | $6159317.10   | 12.80%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260617C00011960                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        94 | NC      | $6144005.44   | 12.77%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 251217C00668700                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |      -187 | NC      | $-374072.93   | -0.78%            |  |  |  | No            |                  2 | On Loan: No      |
| LVIP SSGA S&P 500 Index Fund | LVIP SSGA S&P 500 Index Fund                               | CUSIP: 474903853<br>LEI: HZ6M8PNJZPCVFNAKW534 | Long             | EC               | RF                | US        |    759585 | NS      | $25213678.63  | 52.40%            |  |  |  | No            |                  1 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260318P00567570                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       187 | NC      | $129598.48    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260617P00598090                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       187 | NC      | $277567.84    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260318C00645340                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |      -187 | NC      | $-950730.44   | -1.98%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260617P00526320                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |      -187 | NC      | $-137005.55   | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260916C00013200                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        94 | NC      | $6122600.70   | 12.72%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260916P00580840                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |      -187 | NC      | $-308338.69   | -0.64%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 251217P00516780                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |      -187 | NC      | $-24059.42    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-27

**Name of Applicant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

**Signature:** James Hoffmayer

**Name of Signer:** James Hoffmayer

**Title:** VP