Lincoln National Corp
LNC- Exchange
- NYSE
- Industry
- Life Insurance
- SEC CIK
- 0000059558
In the last 90 days, Lincoln National Corp insiders filed 0 open-market purchases and 2 sales; 620 institutions reported holding it in 13F filings for Q2 2026, worth $5.80B in total; no superinvestor holds it.
Other share classesLNC.PD
13F holders, Q4 2025
Institutional positions in Lincoln National Corp as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 627
- +36 vs. Q3 2025
- Shares held
- 157.9M
- +24.3M (+18.1%) vs. Q3 2025
- Total value
- $7.03B
- +$1.64B (+30.4%) vs. Q3 2025
- New holders
- 100
- 214 more added
- Sold out
- 64
- 183 more reduced
14 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting LNC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 620 | $5.80B |
| Q1 2026 | 616 | $5.56B |
| Q4 2025 | 627 | $7.03B |
| Q3 2025 | 605 | $5.41B |
| Q2 2025 | 567 | $4.59B |
| Q1 2025 | 570 | $4.62B |
| Q4 2024 | 558 | $4.00B |
| Q3 2024 | 532 | $3.96B |
| Q2 2024 | 536 | $3.93B |
| Q1 2024 | 503 | $3.94B |
| Q4 2023 | 506 | $3.34B |
| Q3 2023 | 478 | $3.11B |
| Q2 2023 | 496 | $3.18B |
| Q1 2023 | 493 | $2.92B |
| Q4 2022 | 576 | $4.28B |
| Q3 2022 | 618 | $5.92B |
| Q2 2022 | 631 | $6.11B |
| Q1 2022 | 653 | $8.43B |
| Q4 2021 | 675 | $9.13B |
| Q3 2021 | 637 | $9.73B |
| Q2 2021 | 620 | $9.10B |
| Q1 2021 | 629 | $9.14B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Lincoln National Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| State Board of Administration of Florida Retirement System | 148,184 | $6.60M | 0.01% | −7,130−4.6% | Reduced |
| Thrivent Financial for Lutherans | 138,410 | $6.16M | 0.01% | −9,866−6.7% | Reduced |
| Two Sigma Investments, LP | 136,840 | $6.09M | 0.01% | −215,103−61.1% | Reduced |
| Loudon Investment Management, LLC | 135,489 | $6.03M | 3.15% | −4,075−2.9% | Reduced |
| The PNC Financial Services Group, Inc. | 132,404 | $5.90M | 0.00% | +239+0.2% | Added |
| Jessup Wealth Management, Inc | 132,022 | $5.88M | 1.94% | −1,144−0.9% | Reduced |
| Deutsche Bank AG | 130,202 | $5.80M | 0.00% | +29,478+29.3% | Added |
| BI Asset Management Fondsmaeglerselskab A/S | 126,797 | $5.65M | 0.05% | +126,797 | New |
| Connor, Clark & Lunn Investment Management Ltd. | 125,250 | $5.58M | 0.01% | +125,250 | New |
| Citigroup Inc | 122,155 | $5.44M | 0.00% | −35,497−22.5% | Reduced |
| Mitsubishi UFJ Trust & Banking Corp | 121,806 | $5.42M | 0.01% | +33,808+38.4% | Added |
| Envestnet Asset Management Inc | 121,709 | $5.42M | 0.00% | +45,978+60.7% | Added |
| Federation des caisses Desjardins du Quebec | 120,586 | $5.37M | 0.02% | +153+0.1% | Added |
| Cerity Partners LLC | 119,296 | $5.31M | 0.01% | +70,009+142.0% | Added |
| Icon Advisers Inc | 118,450 | $5.27M | 1.14% | −2,075−1.7% | Reduced |
| Nisa Investment Advisors, LLC | 114,319 | $5.09M | 0.02% | −1,797−1.5% | Reduced |
| Arrowstreet Capital, Limited Partnership | 112,156 | $4.99M | 0.00% | −172,809−60.6% | Reduced |
| Exchange Traded Concepts, LLC | 111,005 | $4.94M | 0.04% | +264+0.2% | Added |
| Fideuram - Intesa Sanpaolo Private Banking S.P.A. | 106,483 | $4.74M | 0.17% | +106,483 | New |
| Jane Street Group, LLC | 104,591 | $4.66M | 0.01% | +97,186+1,312.4% | Added |
| Verition Fund Management LLC | 101,724 | $4.53M | 0.02% | −3,182−3.0% | Reduced |
| New York State Common Retirement Fund | 100,418 | $4.47M | 0.01% | +2,400+2.4% | Added |
| Cambridge Investment Research Advisors, Inc. | 97,452 | $4.34M | 0.01% | −951−1.0% | Reduced |
| Waterloo Capital, L.P. | 97,172 | $4.33M | 0.31% | −12,782−11.6% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 94,900 | $4.23M | 0.01% | −6,645−6.5% | Reduced |
| BNP Paribas Arbitrage, SA | 93,651 | $4.17M | 0.00% | −68,640−42.3% | Reduced |
| Franklin Resources Inc | 93,205 | $4.15M | 0.00% | +3,890+4.4% | Added |
| RK Asset Management, LLC | 92,280 | $4.11M | 3.88% | −290−0.3% | Reduced |
| Prosperitas Financial LLC | 92,157 | $4.10M | 1.60% | +8,294+9.9% | Added |
| Collar Capital Management, LLC | 91,731 | $4.08M | 2.73% | +688+0.8% | Added |
| State of Tennessee, Treasury Department | 94,066 | $3.91M | 0.01% | +3,303+3.6% | Added |
| Hedeker Wealth, LLC | 86,987 | $3.87M | 0.81% | +433+0.5% | Added |
| Squarepoint Ops LLC | 86,911 | $3.87M | 0.01% | −307,205−77.9% | Reduced |
| Mork Capital Management, LLC | 86,680 | $3.86M | 2.36% | 00.0% | Unchanged |
| State of Alaska, Department of Revenue | 86,020 | $3.83M | 0.04% | +1,121+1.3% | Added |
| Voya Investment Management LLC | 85,858 | $3.82M | 0.00% | −9,189−9.7% | Reduced |
| Virginia Retirement Systems Et Al | 82,600 | $3.68M | 0.02% | 00.0% | Unchanged |
| Louisiana State Employees Retirement System | 77,400 | $3.45M | 0.06% | −200−0.3% | Reduced |
| Janus Henderson Group PLC | 77,353 | $3.44M | 0.00% | +5,600+7.8% | Added |
| Cetera Investment Advisers | 75,014 | $3.34M | 0.00% | −2,489−3.2% | Reduced |
| O'Shaughnessy Asset Management, LLC | 72,764 | $3.24M | 0.02% | +13,059+21.9% | Added |
| Kempner Capital Management Inc. | 71,088 | $3.21M | 3.04% | −10,687−13.1% | Reduced |
| Treasurer of the State of North Carolina | 71,344 | $3.18M | 0.01% | −5,213−6.8% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 70,484 | $3.14M | 0.07% | +10,742+18.0% | Added |
| Qube Research & Technologies Ltd | 69,015 | $3.07M | 0.00% | +69,015 | New |
| Jaffetilchin Investment Partners, LLC | 67,917 | $3.02M | 0.18% | −735−1.1% | Reduced |
| Woodstock Corp | 66,493 | $2.96M | 0.25% | −300−0.4% | Reduced |
| Simplex Trading, LLC | 66,255 | $2.95M | 0.08% | +17,469+35.8% | Added |
| Ensign Peak Advisors, Inc | 65,494 | $2.92M | 0.01% | +17,581+36.7% | Added |
| Keystone Financial Group | 64,525 | $2.87M | 0.21% | −5,572−7.9% | Reduced |
| Occudo Quantitative Strategies LP | 63,930 | $2.85M | 0.19% | +24,647+62.7% | Added |
| Captrust Financial Advisors | 62,562 | $2.79M | 0.01% | +11,443+22.4% | Added |
| Naples Global Advisors, LLC | 60,690 | $2.70M | 0.20% | −1,269−2.0% | Reduced |
| Sterling Capital Management LLC | 60,195 | $2.68M | 0.04% | +17,186+40.0% | Added |
| Oliver Luxxe Assets LLC | 60,144 | $2.68M | 0.41% | +63+0.1% | Added |
| Capital Fund Management S.A. | 58,977 | $2.63M | 0.02% | −92,677−61.1% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 57,264 | $2.55M | 0.02% | −2,067−3.5% | Reduced |
| Amalgamated Bank | 56,668 | $2.52M | 0.02% | +5,023+9.7% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 56,398 | $2.51M | 0.01% | +3,702+7.0% | Added |
| Allen Wealth Management, LLC | 56,046 | $2.50M | 1.50% | +400+0.7% | Added |
| SummitTX Capital, L.P. | 55,805 | $2.48M | 0.08% | +40,937+275.3% | Added |
| Private Advisor Group, LLC | 55,250 | $2.46M | 0.01% | −1,625−2.9% | Reduced |
| Public Employees Retirement System of Ohio | 55,213 | $2.46M | 0.01% | −1,932−3.4% | Reduced |
| State of New Jersey Common Pension Fund D | 55,012 | $2.45M | 0.01% | −2,639−4.6% | Reduced |
| Pathstone Holdings, LLC | 54,209 | $2.41M | 0.01% | +5,456+11.2% | Added |
| Guggenheim Capital LLC | 53,147 | $2.37M | 0.02% | +15,017+39.4% | Added |
| Battery Global Advisors, LLC | 139,753 | $2.35M | 1.11% | +139,753 | New |
| Natixis Advisors, L.P. | 50,862 | $2.27M | 0.00% | +422+0.8% | Added |
| Handelsbanken Fonder AB | 50,800 | $2.26M | 0.01% | −2,200−4.2% | Reduced |
| Parallax Volatility Advisers, L.P. | 50,749 | $2.26M | 0.07% | +15,977+45.9% | Added |
| KLP Kapitalforvaltning AS | 50,000 | $2.23M | 0.01% | +900+1.8% | Added |
| Waters Parkerson & Co., LLC | 49,401 | $2.20M | 0.11% | −8,730−15.0% | Reduced |
| Kovitz Investment Group Partners, LLC | 49,233 | $2.19M | 0.05% | −32,540−39.8% | Reduced |
| Insight Inv LLC | 48,127 | $2.14M | 1.20% | +250+0.5% | Added |
| Kestra Advisory Services, LLC | 47,647 | $2.12M | 0.01% | +1,985+4.3% | Added |
| CI Private Wealth, LLC | 47,545 | $2.12M | 0.00% | +7,014+17.3% | Added |
| Arizona State Retirement System | 47,375 | $2.11M | 0.01% | −3,091−6.1% | Reduced |
| Beacon Pointe Advisors, LLC | 47,175 | $2.10M | 0.01% | −48−0.1% | Reduced |
| Jones Financial Companies LLLP | 46,470 | $2.07M | 0.00% | +3,307+7.7% | Added |
| Picton Mahoney Asset Management | 46,451 | $2.07M | 0.02% | +46,451 | New |
| Comerica Bank | 46,015 | $2.05M | 0.01% | −42,362−47.9% | Reduced |
| Prevail Innovative Wealth Advisors, LLC | 45,131 | $2.01M | 0.36% | +4,274+10.5% | Added |
| Benjamin Edwards Inc | 45,079 | $2.01M | 0.02% | +412+0.9% | Added |
| JustInvest LLC | 45,036 | $2.01M | 0.02% | +362+0.8% | Added |
| Yousif Capital Management, LLC | 49,856 | $1.98M | 0.02% | −7,254−12.7% | Reduced |
| Teachers Retirement System of the State of Kentucky | 42,526 | $1.89M | 0.01% | −6,056−12.5% | Reduced |
| Hussman Strategic Advisors, Inc. | 42,000 | $1.87M | 0.45% | 00.0% | Unchanged |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 41,850 | $1.86M | 0.01% | −1,120−2.6% | Reduced |
| Accordant Advisory Group Inc | 41,744 | $1.86M | 1.28% | +41,744 | New |
| Caxton Associates LLP | 40,813 | $1.82M | 0.04% | −2,636−6.1% | Reduced |
| Trust Investment Advisors | 40,705 | $1.81M | 0.96% | +1,173+3.0% | Added |
| Algert Global LLC | 40,659 | $1.81M | 0.03% | −101,680−71.4% | Reduced |
| HighTower Advisors, LLC | 40,461 | $1.80M | 0.00% | −1,153−2.8% | Reduced |
| Bank of Montreal | 39,732 | $1.77M | 0.00% | −558−1.4% | Reduced |
| M Holdings Securities, Inc. | 39,515 | $1.76M | 0.13% | +39,515 | New |
| Royce & Associates LP | 39,445 | $1.76M | 0.02% | −8,854−18.3% | Reduced |
| Todd Asset Management LLC | 39,402 | $1.75M | 0.03% | +848+2.2% | Added |
| Huntleigh Advisors, Inc. | 39,176 | $1.74M | 0.29% | −169−0.4% | Reduced |
| US Bancorp | 39,128 | $1.74M | 0.00% | −688−1.7% | Reduced |
| Oregon Public Employees Retirement Fund | 38,680 | $1.72M | 0.02% | +643+1.7% | Added |