Lincoln Electric Holdings, Inc.
MX ˙ BMV ˙ US5339001068
SecurityMX:LECO / Lincoln Electric Holdings, Inc.
InstitutionSaturna Capital CORP
Latest Disclosed Ownership268,975 shares
Latest Disclosed Value $ 66,996,293
Saturna Capital CORP ownership in LECO / Lincoln Electric Holdings, Inc.

On May 11, 2026 - Saturna Capital CORP filed a 13F-HR form disclosing ownership of 268,975 shares of Lincoln Electric Holdings, Inc. (MX:LECO) valued at $66,996,293 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 268,975 shares of Lincoln Electric Holdings, Inc.. This represents a change in shares of 0.00% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F Lincoln Electric Holdings COM 533900106 268,975 0 0.00 66,996 3.94 0.9401
2026-02-11 2025-12-31 13F Lincoln Electric Holdings Common Stock 533900106 268,975 -45 -0.02 64,457 1.60 0.8548
2026-02-11 2025-12-31 13F Lincoln Electric Holdings Common Stock 533900106 268,975 64,457
2026-02-11 2025-12-31 13F Lincoln Electric Holdings Common Stock 533900106 268,975 64,457
2026-02-11 2025-12-31 13F Lincoln Electric Holdings Common Stock 533900106 268,975 64,457
2026-02-11 2025-12-31 13F Lincoln Electric Holdings Common Stock 533900106 268,975 64,457
2025-11-14 2025-09-30 13F Lincoln Electric Holdings Common Stock 533900106 269,020 -50 -0.02 63,443 13.73 0.8178
2025-08-12 2025-06-30 13F Lincoln Electric Holdings Common Stock 533900106 269,070 -11,209 -4.00 55,784 5.22 0.7538
2025-05-02 2025-03-31 13F Lincoln Electric Holdings Common Stock 533900106 280,279 0 0.00 53,018 0.90 0.7938
2025-02-07 2024-12-31 13F Lincoln Electric Holdings Common Stock 533900106 280,279 0 0.00 52,544 -2.37 0.7127
2024-11-05 2024-09-30 13F Lincoln Electric Holdings Common Stock 533900106 280,279 -1,991 -0.71 53,819 1.07 0.7038
2024-07-31 2024-06-30 13F Lincoln Electric Holdings Common Stock 533900106 282,270 8,370 3.06 53,247 -23.89 0.7067
2024-05-13 2024-03-31 13F Lincoln Electric Holdings Common Stock 533900106 273,900 0 0.00 69,965 17.47 0.9657
2024-02-06 2023-12-31 13F Lincoln Electric Holdings Common Stock 533900106 273,900 -10,400 -3.66 59,562 15.25 0.9283
2023-11-15 2023-09-30 13F Lincoln Electric Holdings Common Stock 533900106 284,300 -25,200 -8.14 51,683 -15.93 0.9141
2023-08-04 2023-06-30 13F Lincoln Electric Holdings Common Stock 533900106 309,500 0 0.00 61,476 17.46 1.0632
2023-05-15 2023-03-31 13F Lincoln Electric Holdings Common Stock 533900106 309,500 0 0.00 52,336 17.03 1.0136
2023-02-09 2022-12-31 13F Lincoln Electric Holdings Common Stock 533900106 309,500 -1,200 -0.39 44,720 14.49 0.9619
2022-11-10 2022-09-30 13F Lincoln Electric Holdings Common Stock 533900106 310,700 0 0.00 39,061 1.91 0.9528
2022-08-12 2022-06-30 13F Lincoln Electric Holdings Common Stock 533900106 310,700 0 0.00 38,328 -10.49 0.9069
2022-05-10 2022-03-31 13F Lincoln Electric Holdings Common Stock 533900106 310,700 0 0.00 42,818 -1.19 0.8628
2022-02-09 2021-12-31 13F Lincoln Electric Holdings Common Stock 533900106 310,700 0 0.00 43,333 0.03 0.7766
2021-11-08 2021-09-30 13F Lincoln Electric Holdings Common Stock 533900106 310,700 0 0.00 43,318 5.86 0.8703
2021-08-11 2021-06-30 13F Lincoln Electric Holdings Common Stock 533900106 310,700 0 0.00 40,922 7.13 0.8390
2021-05-14 2021-03-31 13F Lincoln Electric Holdings Common Stock 533900106 310,700 2,500 0.81 38,197 6.61 0.8524
2021-02-12 2020-12-31 13F Lincoln Electric Holdings Common Stock 533900106 308,200 0 0.00 35,828 26.30 0.8093
2021-02-12 2020-09-30 13F/A-1 Lincoln Electric Holdings Common Stock 533900106 308,200 0 0.00 28,367 9.26 0.7227
2020-11-10 2020-09-30 13F Lincoln Electric Holdings Common Stock 533900106 308,200 0 28,367 748,731.6143
2020-08-14 2020-06-30 13F Lincoln Electric Holdings Common Stock 533900106 308,200 -53,000 -14.67 25,963 -2.92 0.7287
2020-05-14 2020-03-31 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 26,744 -23.46 0.8658
2020-02-13 2019-12-31 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 34,939 11.49 0.9452
2019-11-14 2019-09-30 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 31,338 5.39 0.9103
2019-07-31 2019-06-30 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 29,734 -1.85 0.8731
2019-05-15 2019-03-31 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 30,294 6.37 0.8841
2019-02-08 2018-12-31 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 28,481 -15.61 0.9585
2018-11-13 2018-09-30 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 33,751 6.47 0.9831
2018-08-02 2018-06-30 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 31,699 -2.43 1.0155
2018-05-09 2018-03-31 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 32,490 -1.78 1.0332
2018-02-05 2017-12-31 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 33,079 -0.11 1.0125
2017-11-14 2017-09-30 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 33,115 -0.44 1.0721
2017-08-14 2017-06-30 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 33,263 6.02 1.1031
2017-05-15 2017-03-31 13F Lincoln Electric Holdings Common Stock 533900106 361,200 0 0.00 31,374 13.29 1.0653
2017-02-14 2016-12-31 13F Lincoln Electric Holdings Common Stock 533900106 361,200 -40,000 -9.97 27,693 10.23 0.9725
2016-11-14 2016-09-30 13F Lincoln Electric Holdings Common Stock 533900106 401,200 0 0.00 25,123 5.99 0.8199
2016-08-08 2016-06-30 13F Lincoln Electric Holdings Common Stock 533900106 401,200 0 0.00 23,703 -5.68 0.7588
2016-05-13 2016-03-31 13F Lincoln Electric Holdings Common Stock 533900106 401,200 -100,000 -19.95 25,130 -3.37 0.8049
2016-02-12 2015-12-31 13F Lincoln Electric Holdings Common Stock 533900106 501,200 0 0.00 26,007 -1.03 0.8027
2015-12-04 2015-09-30 13F Lincoln Electric Holdings Common Stock 533900106 501,200 0 0.00 26,278 -13.89 0.8260
2015-08-13 2015-06-30 13F Lincoln Electric Holdings Common Stock 533900106 501,200 -12,800 -2.49 30,518 -9.20 0.8566
2015-05-01 2015-03-31 13F Lincoln Electric Holdings Common Stock 533900106 514,000 0 0.00 33,610 -5.36 0.9017
2015-02-11 2014-12-31 13F Lincoln Electric Holdings Common Stock 533900106 514,000 0 0.00 35,512 -0.06 0.9283
2014-11-13 2014-09-30 13F Lincoln Electric Holdings Common Stock 533900106 514,000 0 0.00 35,535 -1.07 0.9517
2014-08-14 2014-06-30 13F Lincoln Electric Holdings Common Stock 533900106 514,000 0 0.00 35,918 -2.96 0.9344
2014-05-14 2014-03-31 13F Lincoln Electric Holdings Common Stock 533900106 514,000 0 0.00 37,013 0.94 0.9732
2014-02-11 2013-12-31 13F Lincoln Electric Holdings Common Stock 533900106 514,000 0 0.00 36,669 7.08 0.9359
2013-11-12 2013-09-30 13F Lincoln Electric Holdings Common Stock 533900106 514,000 0 0.00 34,243 16.33 0.9099
2013-08-14 2013-06-30 13F Lincoln Electric Holdings Common Stock 533900106 514,000 514,000 29,437 0.8047
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.