Lincoln NationalLNC
13F holders, Q3 2025 (September 30)605holders +38
86new positions
41sold out
11famous investors
$40.33avg. 13F price*
At the end of Q3 2025, 605 institutions reported holding Lincoln National Corp. (LNC) in their 13F filings, up 38 from Q2 2025. 86 opened new positions and 41 sold out. The largest holders were Vanguard Group Inc. ($802.7M), BlackRock, Inc. ($743.2M) and State Street Corp. ($241.1M). 11 famous investors held it, including Bill Miller (7.7% of Miller Value Partners's portfolio), Ray Dalio (0.1% of Bridgewater Associates's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).
- Company
- Lincoln National Corp.
- CUSIP
- 534187109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 86 | $110.7M |
| Exits | 41 | $68.0M |
All 13F filers, Q2 2025 → Q3 2025: 16,278,611 shares bought and 11,820,049 shares sold, net +4,458,562 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 605 holders
| Vanguard Group Inc. | 0.01% | Add +6.3% | 19,903,720 | $802.7M |
| BlackRock, Inc. | 0.01% | Add +11.8% | 18,427,376 | $743.2M |
| State Street Corp. | 0.01% | Reduce -3.6% | 5,977,400 | $241.1M |
| Massachusetts Financial Services Co. | 0.07% | Add +21.1% | 5,952,166 | $240.1M |
| Dimensional Fund Advisors LP | 0.05% | Add +25.3% | 5,730,727 | $231.1M |
| T. Rowe Price Associates Inc. | 0.02% | Add +36.9% | 5,204,381 | $209.9M |
| First Trust Advisors LP | 0.15% | Add +5.0% | 4,879,862 | $196.8M |
| Morgan Stanley | 0.01% | Add +8.6% | 4,237,638 | $170.9M |
| Geode Capital Management, LLC | 0.01% | Add +1.6% | 2,944,353 | $118.8M |
| LSV Asset Management | 0.23% | Reduce -4.4% | 2,614,739 | $105.5M |
| Royal Bank of Canada | 0.02% | Add +71.8% | 2,437,002 | $98.3M |
| Principal Financial Group Inc. | 0.05% | Reduce -16.5% | 2,332,584 | $94.1M |
| Jennison Associates LLC | 0.05% | Add +83.7% | 2,319,323 | $93.5M |
| Charles Schwab Investment Management Inc. | 0.01% | Add +0.4% | 2,067,216 | $83.4M |
| Northern Trust Corp. | 0.01% | Reduce -18.2% | 2,021,656 | $81.5M |
| Bank of New York Mellon Corp | 0.01% | Reduce -0.5% | 1,902,625 | $76.7M |
| UBS Group AG | 0.01% | Add +27.8% | 1,758,259 | $70.9M |
| Goldman Sachs Group Inc. | 0.01% | Add +2.4% | 1,576,114 | $63.6M |
| Invesco Ltd. | 0.01% | Reduce -11.2% | 1,421,386 | $57.3M |
| HSBC Holdings PLC | 0.03% | Reduce -25.4% | 1,227,199 | $49.0M |
| Bank of America Corp. | 0.00% | Reduce -1.6% | 1,193,751 | $48.1M |
| Barclays PLC | 0.02% | Reduce -16.6% | 1,148,527 | $46.3M |
| Algebris (uk) Ltd. | 5.07% | Reduce -27.6% | 1,092,893 | $44.0M |
| Balyasny Asset Management L.P. | 0.09% | Add +6172.5% | 1,021,916 | $41.2M |
| Wells Fargo & Company | 0.01% | Reduce -7.8% | 902,410 | $36.4M |
| Citadel Advisors | 0.03% | Reduce -1.4% | 862,218 | $34.8M |
| AQR Capital Management | 0.02% | Reduce -22.3% | 819,015 | $33.0M |
| Victory Capital Management Inc. | 0.02% | Reduce -5.7% | 817,555 | $33.0M |
| Marshall Wace, LLP | 0.03% | New | 739,661 | $29.8M |
| Public Sector Pension Investment Board | 0.10% | Add +13.1% | 658,125 | $26.5M |
| Advisors Capital Management, LLC | 0.29% | Add +3.4% | 569,180 | $23.0M |
| Millennium Management | 0.02% | Reduce -6.6% | 557,312 | $22.5M |
| Amundi | 0.01% | Add +46.3% | 553,142 | $22.3M |
| Miller Value Partners | 7.72% | Reduce -8.6% | 520,676 | $21.0M |
| Easterly Investment Partners LLC | 1.41% | Reduce -8.2% | 517,898 | $20.9M |
| Ameriprise Financial Inc. | 0.00% | Reduce -7.0% | 514,964 | $20.8M |
| LPL Financial LLC | 0.01% | Reduce -26.7% | 497,745 | $20.1M |
| Legal & General Group Plc | 0.00% | Reduce -4.1% | 496,501 | $20.0M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -38.8% | 494,559 | $19.9M |
| Daymark Wealth Partners, LLC | 0.62% | Reduce -2.1% | 453,768 | $18.3M |
| MetLife Investment Management, LLC | 0.09% | Reduce -0.1% | 451,771 | $18.2M |
| Sei Investments Co. | 0.02% | Add +13.0% | 440,137 | $17.7M |
| First Eagle Investment Management, LLC | 0.03% | Reduce -10.6% | 409,950 | $16.5M |
| Squarepoint Ops LLC | 0.03% | Reduce -33.5% | 394,116 | $15.9M |
| Rhumbline Advisers | 0.01% | Reduce -0.3% | 393,710 | $15.9M |
| Vest Financial, LLC | 0.20% | Add +8.9% | 384,803 | $15.5M |
| Hudson Bay Capital Management LP | 0.10% | New | 355,911 | $14.4M |
| Two Sigma Investments, LP | 0.02% | Reduce -31.2% | 351,943 | $14.2M |
| Nuveen, LLC | 0.00% | Reduce -7.8% | 341,464 | $13.8M |
| CSM Advisors, LLC | 0.38% | New | 334,254 | $13.5M |
| Bridgewater Associates | 0.05% | Reduce -33.0% | 330,768 | $13.3M |
| Swiss National Bank | 0.01% | Add +1.4% | 330,700 | $13.3M |
| Osaic Holdings, Inc. | 0.02% | Add +28.3% | 321,639 | $13.2M |
| California Public Employees Retirement System | 0.01% | Add +5.5% | 317,767 | $12.8M |
| Stifel Financial Corp. | 0.01% | Add +1.1% | 317,364 | $12.8M |
| Raymond James Financial Inc. | 0.00% | Add +2.4% | 313,927 | $12.7M |
| Focus Partners Wealth | 0.02% | Add +1601.4% | 311,598 | $12.6M |
| Commonwealth Equity Services, LLC | 0.01% | Add +101.8% | 285,105 | $11.5M |
| Arrowstreet Capital, Limited Partnership | 0.01% | Reduce -75.2% | 284,965 | $11.5M |
| Interval Partners, LP | 0.25% | Add +15.3% | 284,343 | $11.5M |
| Prudential Financial Inc. | 0.01% | Add +4.7% | 254,152 | $10.2M |
| Hotchkis & Wiley Capital Management LLC | 0.03% | Add +22.5% | 249,254 | $10.1M |
| Point72 Asset Management | 0.02% | New | 227,423 | $9.2M |
| Jump Financial, LLC | 0.12% | Reduce -8.1% | 225,911 | $9.1M |
| Illinois Municipal Retirement Fund | 0.12% | Reduce -13.8% | 224,658 | $9.1M |
| Cordgrass Capital Advisors, LLC | 2.19% | Reduce -0.0% | 219,675 | $8.9M |
| Alliancebernstein L.P. | 0.00% | Add +34.9% | 218,230 | $8.8M |
| Cyndeo Wealth Partners, LLC | 0.49% | Reduce -2.2% | 216,765 | $8.7M |
| Great Lakes Advisors, LLC | 0.07% | Add +2049.8% | 207,474 | $8.4M |
| JPMorgan Chase & Co. | 0.00% | Reduce -50.5% | 207,129 | $8.4M |
| AXA Investment Managers S.A. | 0.02% | — | 207,029 | $8.3M |
| Allspring Global Investments Holdings, LLC | 0.01% | Add +30.3% | 203,931 | $8.2M |
| New York State Teachers Retirement System | 0.02% | Reduce -1.5% | 200,391 | $8.1M |
| Schonfeld Strategic Advisors LLC | 0.06% | Add +246.6% | 199,994 | $8.1M |
| Susquehanna International Group, LLP | 0.01% | Add +0.3% | 199,163 | $8.0M |
| Gillson Capital LP | 0.69% | New | 197,929 | $8.0M |
| Cubist Systematic Strategies, LLC | 0.11% | Add +1542.0% | 197,282 | $8.0M |
| CANADA LIFE ASSURANCE Co | 0.01% | Reduce -0.8% | 196,617 | $8.0M |
| Access Investment Management LLC | 2.13% | No change | 196,500 | $7.9M |
| Oxbow Advisors, LLC | 0.72% | Reduce -0.6% | 189,391 | $7.6M |
| Janney Montgomery Scott LLC | 0.02% | Reduce -26.2% | 185,661 | $7.5M |
| CI Investments Inc. | 0.03% | Reduce -6.7% | 181,202 | $7.3M |
| FMR LLC | 0.00% | Reduce -13.0% | 177,266 | $7.1M |
| Robeco Institutional Asset Management B.V. | 0.01% | No change | 162,643 | $6.6M |
| BNP Paribas Financial Markets | 0.01% | Reduce -78.1% | 162,291 | $6.5M |
| California State Teachers Retirement System | 0.01% | Add +2.1% | 160,702 | $6.5M |
| Quantinno Capital Management LP | 0.02% | Add +17.1% | 160,335 | $6.5M |
| Susquehanna Fundamental Investments, LLC | 0.25% | Reduce -6.9% | 160,111 | $6.5M |
| Citigroup Inc. | 0.00% | Reduce -4.7% | 157,652 | $6.4M |
| Susquehanna Portfolio Strategies, LLC | 0.10% | No change | 156,399 | $6.3M |
| Truist Financial Corp. | 0.01% | Reduce -10.1% | 155,386 | $6.3M |
| State Board of Administration of Florida Retirement System | 0.01% | Reduce -7.5% | 155,314 | $6.3M |
| New Vernon Investment Management LLC | 5.80% | No change | 154,110 | $6.2M |
| Capital Fund Management S.A. | 0.06% | Reduce -22.1% | 151,654 | $6.1M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.01% | Reduce -22.1% | 149,441 | $6.0M |
| Thrivent Financial for Lutherans | 0.01% | Add +17.8% | 148,276 | $6.0M |
| Schroder Investment Management Group | 0.00% | Add +66.1% | 147,084 | $6.0M |
| Gotham Asset Management | 0.03% | Add +263.3% | 143,369 | $5.8M |
| Algert Global LLC | 0.10% | Reduce -5.3% | 142,339 | $5.7M |
| Loudon Investment Management, LLC | 2.95% | No change | 139,564 | $5.6M |
"% of holder's portfolio" is LNC's weight in each manager's 13F, not the share of Lincoln National Corp. the manager owns.