Lincoln NationalLNC
13F holders, Q1 2025 (March 31)570holders +12
68new positions
57sold out
8famous investors
$35.87avg. 13F price*
At the end of Q1 2025, 570 institutions reported holding Lincoln National Corp. (LNC) in their 13F filings, up 12 from Q4 2024. 68 opened new positions and 57 sold out. The largest holders were Vanguard Group Inc. ($677.0M), BlackRock, Inc. ($593.6M) and State Street Corp. ($221.2M). 8 famous investors held it, including Bill Miller (8.5% of Miller Value Partners's portfolio), Ray Dalio (0.1% of Bridgewater Associates's portfolio) and Cliff Asness (0.1% of AQR Capital Management's portfolio).
- Company
- Lincoln National Corp.
- CUSIP
- 534187109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 68 | $70.6M |
| Exits | 57 | $68.9M |
All 13F filers, Q4 2024 → Q1 2025: 11,904,816 shares bought and 9,262,065 shares sold, net +2,642,751 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 570 holders
| Vanguard Group Inc. | 0.01% | Reduce -1.4% | 18,851,345 | $677.0M |
| BlackRock, Inc. | 0.01% | Reduce -0.3% | 16,531,571 | $593.6M |
| State Street Corp. | 0.01% | Reduce -4.9% | 6,158,850 | $221.2M |
| Massachusetts Financial Services Co. | 0.06% | Add +2.0% | 4,854,788 | $174.3M |
| Morgan Stanley | 0.01% | Add +0.6% | 3,913,754 | $140.5M |
| First Trust Advisors LP | 0.12% | Add +207.6% | 3,870,726 | $139.0M |
| Dimensional Fund Advisors LP | 0.03% | Add +7.2% | 3,084,433 | $110.8M |
| Principal Financial Group Inc. | 0.06% | Reduce -4.1% | 3,016,414 | $108.3M |
| Geode Capital Management, LLC | 0.01% | Add +4.8% | 2,915,998 | $104.7M |
| Northern Trust Corp. | 0.01% | Add +6.1% | 2,566,274 | $92.2M |
| Norges Bank | 0.01% | Add +4.1% | 2,526,630 | $90.7M |
| LSV Asset Management | 0.20% | Reduce -4.4% | 2,341,596 | $84.1M |
| HSBC Holdings PLC | 0.05% | Reduce -6.7% | 2,080,461 | $74.2M |
| Bank of New York Mellon Corp | 0.01% | Reduce -2.6% | 2,034,104 | $73.0M |
| Charles Schwab Investment Management Inc. | 0.01% | Reduce -2.6% | 2,031,911 | $73.0M |
| AQR Capital Management | 0.07% | Add +84.5% | 2,041,928 | $72.0M |
| UBS Group AG | 0.01% | Add +52.1% | 1,722,066 | $61.8M |
| Citadel Advisors | 0.06% | Reduce -14.3% | 1,672,230 | $60.0M |
| Invesco Ltd. | 0.01% | Add +0.4% | 1,597,913 | $57.4M |
| Goldman Sachs Group Inc. | 0.01% | Reduce -12.8% | 1,593,409 | $57.2M |
| Two Sigma Advisers, LP | 0.13% | Reduce -24.2% | 1,576,700 | $56.6M |
| Hennessy Advisors Inc. | 1.86% | Reduce -8.9% | 1,556,700 | $55.9M |
| Balyasny Asset Management L.P. | 0.13% | Reduce -5.1% | 1,444,488 | $51.9M |
| Arrowstreet Capital, Limited Partnership | 0.04% | Reduce -8.9% | 1,406,828 | $50.5M |
| Millennium Management | 0.04% | Add +110.3% | 1,176,613 | $42.3M |
| Bank of America Corp. | 0.00% | Add +23.8% | 1,111,452 | $39.9M |
| Wells Fargo & Company | 0.01% | Reduce -3.8% | 945,741 | $34.0M |
| Two Sigma Investments, LP | 0.07% | Reduce -29.2% | 910,388 | $32.7M |
| Algebris (uk) Ltd. | 6.08% | Add +36.6% | 954,824 | $31.7M |
| Marshall Wace, LLP | 0.04% | Reduce -18.0% | 877,860 | $31.5M |
| Victory Capital Management Inc. | 0.03% | Add +5.0% | 861,793 | $30.9M |
| Assenagon Asset Management S.A. | 0.04% | Add +141.2% | 673,095 | $24.2M |
| SG Americas Securities, LLC | 0.08% | Add +1818.4% | 661,972 | $23.8M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.01% | Add +5.0% | 623,322 | $22.4M |
| Easterly Investment Partners LLC | 1.75% | Reduce -8.5% | 586,941 | $21.1M |
| LPL Financial LLC | 0.01% | Reduce -21.1% | 585,096 | $21.0M |
| Ameriprise Financial Inc. | 0.01% | Add +4.6% | 571,880 | $20.5M |
| Advisors Capital Management, LLC | 0.30% | Add +2.0% | 541,592 | $19.4M |
| Public Sector Pension Investment Board | 0.08% | Add +27.3% | 540,179 | $19.4M |
| Cubist Systematic Strategies, LLC | 0.25% | Add +100.4% | 525,796 | $18.9M |
| Legal & General Group Plc | 0.01% | Add +0.6% | 523,438 | $18.8M |
| Miller Value Partners | 8.50% | Add +5.2% | 519,255 | $18.6M |
| First Eagle Investment Management, LLC | 0.04% | Reduce -2.5% | 517,650 | $18.6M |
| Bridgewater Associates | 0.08% | Add +24.3% | 473,633 | $17.0M |
| Voloridge Investment Management, LLC | 0.06% | Reduce -62.4% | 420,169 | $15.1M |
| Rhumbline Advisers | 0.01% | Reduce -2.7% | 406,331 | $14.6M |
| Royal Bank of Canada | 0.00% | Reduce -0.1% | 395,077 | $14.2M |
| JPMorgan Chase & Co. | 0.00% | Add +18.4% | 391,654 | $14.1M |
| Cambria Investment Management, L.P. | 0.92% | Reduce -9.9% | 365,661 | $13.1M |
| Nuveen, LLC | 0.00% | — | 352,123 | $12.6M |
| Swiss National Bank | 0.01% | Reduce -1.4% | 330,000 | $11.9M |
| Vest Financial, LLC | 0.18% | New | 316,870 | $11.4M |
| CHURCHILL MANAGEMENT Corp | 0.13% | Add +3.5% | 296,232 | $10.6M |
| Capital Fund Management S.A. | 0.13% | Add +236.4% | 281,194 | $10.1M |
| California Public Employees Retirement System | 0.01% | Add +3.4% | 275,159 | $9.9M |
| Jupiter Asset Management Ltd. | 0.09% | Reduce -36.9% | 270,999 | $9.7M |
| Qube Research & Technologies Ltd | 0.01% | New | 268,377 | $9.6M |
| Stifel Financial Corp. | 0.01% | Add +13.6% | 267,682 | $9.6M |
| Raymond James Financial Inc. | 0.00% | Add +3.9% | 267,204 | $9.6M |
| Prudential Financial Inc. | 0.01% | Add +27.1% | 256,319 | $9.2M |
| FMR LLC | 0.00% | Add +8.9% | 253,899 | $9.1M |
| National Bank of Canada | 0.01% | Reduce -23.1% | 243,629 | $8.7M |
| Susquehanna Fundamental Investments, LLC | 0.14% | Reduce -18.2% | 235,606 | $8.5M |
| BNP Paribas Financial Markets | 0.01% | Add +46.1% | 229,683 | $8.2M |
| New York State Teachers Retirement System | 0.02% | Reduce -1.8% | 219,888 | $7.9M |
| Cordgrass Capital Advisors, LLC | 2.25% | No change | 219,584 | $7.9M |
| Quantbot Technologies LP | 0.25% | Add +9.7% | 219,376 | $7.9M |
| Alliancebernstein L.P. | 0.00% | Reduce -2.2% | 211,081 | $7.6M |
| Macquarie Group Ltd. | 0.01% | Reduce -15.8% | 208,034 | $7.5M |
| Allspring Global Investments Holdings, LLC | 0.01% | Add +34.0% | 204,010 | $7.3M |
| Hotchkis & Wiley Capital Management LLC | 0.02% | Reduce -5.8% | 198,480 | $7.1M |
| Citigroup Inc. | 0.01% | Reduce -45.3% | 195,685 | $7.0M |
| CANADA LIFE ASSURANCE Co | 0.01% | Reduce -7.0% | 194,834 | $7.0M |
| Barclays PLC | 0.00% | Add +62.6% | 190,850 | $6.9M |
| Schonfeld Strategic Advisors LLC | 0.05% | Add +19.5% | 188,574 | $6.8M |
| CI Investments Inc. | 0.03% | Reduce -5.3% | 187,298 | $6.7M |
| Janney Montgomery Scott LLC | 0.02% | Add +22.2% | 184,957 | $6.6M |
| American Century Companies Inc. | 0.00% | Add +271.2% | 180,079 | $6.5M |
| Jane Street Group, LLC | 0.01% | Reduce -44.4% | 170,981 | $6.1M |
| Interval Partners, LP | 0.22% | Add +107.6% | 170,232 | $6.1M |
| Icon Advisers Inc. | 1.42% | No change | 167,225 | $6.0M |
| Truist Financial Corp. | 0.01% | Reduce -5.4% | 166,149 | $6.0M |
| State Board of Administration of Florida Retirement System | 0.01% | Reduce -8.1% | 166,099 | $6.0M |
| Woodline Partners LP | 0.04% | New | 166,041 | $6.0M |
| Verition Fund Management LLC | 0.03% | Add +78.5% | 164,156 | $5.9M |
| Illinois Municipal Retirement Fund | 0.08% | Reduce -1.9% | 160,982 | $5.8M |
| D. E. Shaw & Co. | 0.01% | Add +946.5% | 160,316 | $5.8M |
| Kempner Capital Management Inc. | 3.21% | No change | 158,906 | $5.7M |
| California State Teachers Retirement System | 0.01% | Reduce -1.1% | 157,415 | $5.7M |
| Squarepoint Ops LLC | 0.01% | Reduce -51.9% | 156,728 | $5.6M |
| Osaic Holdings, Inc. | 0.01% | Add +53.7% | 155,736 | $5.6M |
| O'shaughnessy Asset Management, LLC | 0.04% | Add +443.5% | 154,639 | $5.6M |
| Robeco Institutional Asset Management B.V. | 0.01% | Reduce -8.4% | 154,365 | $5.5M |
| Jessup Wealth Management, Inc | 2.32% | New | 154,018 | $5.5M |
| Algert Global LLC | 0.13% | Reduce -43.6% | 150,289 | $5.4M |
| Daymark Wealth Partners, LLC | 0.23% | Add +1370.7% | 150,201 | $5.4M |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -0.1% | 149,866 | $5.4M |
| Jump Financial, LLC | 0.08% | Reduce -10.1% | 142,185 | $5.1M |
| Loudon Investment Management, LLC | 2.76% | Add +4.7% | 134,614 | $4.8M |
| Edgestream Partners, L.P. | 0.16% | New | 132,693 | $4.8M |
"% of holder's portfolio" is LNC's weight in each manager's 13F, not the share of Lincoln National Corp. the manager owns.