# EDGAR Filing Document

**Accession Number:** 0000914036
**File Stem:** 0001410368-25-027740
**Filing Date:** 2025-11
**Character Count:** 18355
**Document Hash:** 68aff7ae7fb8e9760cc245f1f799be6f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-027740.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-027740

**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:** 251504928

**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 Conservative Fund (Series ID: S000071413)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000226493 | Service      |  |
| C000226494 | Standard     |  |

## Nport-Ex

**Lincoln Hedged S&P 500 Conservative 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–52.77%** | **AFFILIATED INVESTMENT–52.77%** | **AFFILIATED INVESTMENT–52.77%** |
| **INVESTMENT COMPANY–52.77%** | **INVESTMENT COMPANY–52.77%** | **INVESTMENT COMPANY–52.77%** |
| **Equity Fund–52.77%** | **Equity Fund–52.77%** | **Equity Fund–52.77%** |
| &nbsp;&nbsp; ✧✧Lincoln Variable Insurance <br> Products Trust–<br> LVIP SSGA S&P 500 Index <br> Fund<br>| 342353 | $11364078 |
| **Total Affiliated Investment** <br>**(Cost $9,724,422)**<br>|  | **11364078** |
| **UNAFFILIATED INVESTMENTS–54.81%** | **UNAFFILIATED INVESTMENTS–54.81%** | **UNAFFILIATED INVESTMENTS–54.81%** |
| **INVESTMENT COMPANY–0.31%** | **INVESTMENT COMPANY–0.31%** | **INVESTMENT COMPANY–0.31%** |
| **Money Market Fund–0.31%** | **Money Market Fund–0.31%** | **Money Market Fund–0.31%** |
| &nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund - Premier Class <br> (seven-day effective yield <br> 4.09%)<br>| 66193 | 66193 |
| **Total Investment Company** <br>**(Cost $66,193)**<br>|  | **66193** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Number of** <br>**Contracts**<br>|  |
| **OPTIONS PURCHASED–54.50%** | **OPTIONS PURCHASED–54.50%** | **OPTIONS PURCHASED–54.50%** |
| **CENTRALLY CLEARED–54.50%** | **CENTRALLY CLEARED–54.50%** | **CENTRALLY CLEARED–54.50%** |
| **Call Options–52.23%** | **Call Options–52.23%** | **Call Options–52.23%** |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $11.92, expiration date <br> 12/17/25, notional amount <br> $51,256<br>| 43 | 2818321 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $11.52, expiration date <br> 3/18/26, notional amount <br> $49,536<br>| 43 | 2817307 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $12.02, expiration date <br> 6/17/26, notional amount <br> $51,686<br>| 43 | 2810305 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $13.27, expiration date <br> 9/16/26, notional amount <br> $57,061<br>| 43 | 2800474 |
|  |  | **11246407** |

---

---

| | | |
|:---|:---|:---|
|  | **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–2.27%** | **Put Options–2.27%** | **Put Options–2.27%** |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $587.26, expiration <br> date 12/17/25, notional <br> amount $4,991,710<br>| 85 | $29207 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $567.59, expiration <br> date 3/18/26, notional <br> amount $4,824,515<br>| 85 | 58922 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $598.11, expiration <br> date 6/17/26, notional <br> amount $5,083,935<br>| 85 | 126192 |
| &nbsp;&nbsp; S&P 500 Mini Index Strike <br> price $660.06, expiration <br> date 9/16/26, notional <br> amount $5,610,510<br>| 85 | 274930 |
|  |  | **489251** |
| **Total Options Purchased** <br>**(Cost $11,196,583)**<br>|  | **11735658** |
| **Total Unaffiliated** <br> **Investments** <br>**(Cost $11,262,776)**<br>|  | **11801851** |

---

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

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

---

| | |
|:---|:---|
| **TOTAL INVESTMENTS–107.58% (Cost $20,987,198)** | **23165929** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Number of** <br>**Contracts**<br>| **Value** <br>**(U.S. $)**<br>|
| **OPTIONS WRITTEN–(7.54)%** | **OPTIONS WRITTEN–(7.54)%** | **OPTIONS WRITTEN–(7.54)%** |
| **CENTRALLY CLEARED–(7.54)%** | **CENTRALLY CLEARED–(7.54)%** | **CENTRALLY CLEARED–(7.54)%** |
| **Call Options–(6.91)%** | **Call Options–(6.91)%** | **Call Options–(6.91)%** |
| S&P 500 Mini Index Strike price $649.15, expiration date 12/17/25, notional amount $(5517775) | (85)<br>| $(291897)<br>|
| S&P 500 Mini Index Strike price $626.72, expiration date 3/18/26, notional amount $(5327120) | (85)<br>| (557683)<br>|
| S&P 500 Mini Index Strike price $660.95, expiration date 6/17/26, notional amount $(5618075) | (85)<br>| (428646)<br>|
| S&P 500 Mini Index Strike price $722.15, expiration date 9/16/26, notional amount $(6138275) | (85)<br>| (208762)<br>|
|  |  | **(1486988)**<br>|
| **Put Options–(0.63)%** | **Put Options–(0.63)%** | **Put Options–(0.63)%** |
| S&P 500 Mini Index Strike price $458.07, expiration date 12/17/25, notional amount $(3893595) | (85)<br>| (5682)<br>|

---

*Lincoln Hedged S&P 500 Conservative Fund–1*

------

**Lincoln Hedged S&P 500 Conservative 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 $442.74, expiration date 3/18/26, notional amount $(3763290) | (85)<br>| $(16819)<br>|
| S&P 500 Mini Index Strike price $466.53, expiration date 6/17/26, notional amount $(3965505) | (85)<br>| (35787)<br>|
| S&P 500 Mini Index Strike price $514.85, expiration date 9/16/26, notional amount $(4376225) | (85)<br>| (77671)<br>|
|  |  | **(135959)**<br>|
| **Total Options Written** <br>**(Premiums received $(969107))**<br>|  | **(1622947)**<br>|
| **LIABILITIES NET OF RECEIVABLES AND OTHER ASSETS–(0.04%)** | **LIABILITIES NET OF RECEIVABLES AND OTHER ASSETS–(0.04%)** | **(8704)**<br>|
| **NET ASSETS APPLICABLE TO 1,950,580 SHARES OUTSTANDING–100.00%** | **NET ASSETS APPLICABLE TO 1,950,580 SHARES OUTSTANDING–100.00%** | **$21534278** |

---

&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 Conservative Fund–2*

------

**Lincoln Hedged S&P 500 Conservative 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-52.77%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| **Equity Fund-52.77%**<sup>@</sup> <br>|  |  |  |  |  |  |  |  |  |
| ✧✧LVIP SSGA S&P 500 Index Fund | $7830791 | $5435993 | $2763865 | $(75328)<br>| $936487 | $11364078 | 342353 | $— | $— |

---

&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 Conservative 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 Conservative Fund

- **b. EDGAR series identifier (if any):** S000071413

- **c. LEI of Series:** 5493003413I4KC675G24

**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:** $24143570.59

**Total Liabilities:** $2637852.81

**Net Assets:** $21505717.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000226494 | 0.89%                | 1.00%                | 1.01%                |
| Class ID C000226493 | 0.86%                | 0.96%                | 0.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8207.68                 | $209977.03                                 |
| Month 2  | $1517.12                 | $203313.56                                 |
| Month 3  | $3530.01                 | $-110488.74                                |

**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 260916C00013270                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        43 | NC      | $2800474.33   | 13.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 251217P00587260                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        85 | NC      | $29207.70     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260318C00011520                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        43 | NC      | $2817306.68   | 13.10%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260617P00598110                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        85 | NC      | $126191.85    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260617P00466530                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       -85 | NC      | $-35786.70    | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260318C00626720                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       -85 | NC      | $-557683.30   | -2.59%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260318P00567590                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        85 | NC      | $58922.00     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260318P00442740                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       -85 | NC      | $-16818.95    | -0.08%            |  |  |  | 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        |     66193 | NS      | $66192.94     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 251217C00011920                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        43 | NC      | $2818321.05   | 13.10%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260916P00514850                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       -85 | NC      | $-77671.30    | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 251217C00649150                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       -85 | NC      | $-291896.80   | -1.36%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260916C00722150                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       -85 | NC      | $-208762.55   | -0.97%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 251217P00458070                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       -85 | NC      | $-5681.40     | -0.03%            |  |  |  | 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        |    342353 | NS      | $11364077.90  | 52.84%            |  |  |  | No            |                  1 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260617C00660950                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |       -85 | NC      | $-428645.65   | -1.99%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260617C00012020                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        43 | NC      | $2810304.99   | 13.07%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Americas Securities LLC   | 4XSP 260916P00660060                                       | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | N/A              | DE               |  | US        |        85 | NC      | $274929.95    | 1.28%             |  |  |  | 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