Lincoln NationalLNC
13F holders, Q4 2025 (December 31)627holders +22
67new positions
62sold out
9famous investors
$44.50avg. 13F price*
At the end of Q4 2025, 627 institutions reported holding Lincoln National Corp. (LNC) in their 13F filings, up 22 from Q3 2025. 67 opened new positions and 62 sold out. The largest holders were Vanguard Group Inc. ($879.1M), Bain Capital Prairie, LLC ($835.4M) and BlackRock, Inc. ($826.2M). 9 famous investors held it, including Bill Miller (7.9% of Miller Value Partners's portfolio), Joel Greenblatt (0.0% of Gotham Asset Management's portfolio) and Ray Dalio (0.0% of Bridgewater Associates's portfolio).
- Company
- Lincoln National Corp.
- CUSIP
- 534187109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 67 | $102.4M |
| Exits | 62 | $48.8M |
All 13F filers, Q3 2025 → Q4 2025: 11,897,662 shares bought and 9,490,900 shares sold, net +2,406,762 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 627 holders
| Vanguard Group Inc. | 0.01% | Reduce -0.8% | 19,741,163 | $879.1M |
| Bain Capital Prairie, LLC | 100.00% | — | 18,759,497 | $835.4M |
| BlackRock, Inc. | 0.01% | Add +0.7% | 18,552,669 | $826.2M |
| Dimensional Fund Advisors LP | 0.06% | Add +8.8% | 6,233,327 | $277.6M |
| State Street Corp. | 0.01% | Reduce -1.4% | 5,895,772 | $262.5M |
| Massachusetts Financial Services Co. | 0.08% | Reduce -1.1% | 5,887,841 | $262.2M |
| T. Rowe Price Associates Inc. | 0.03% | Add +0.1% | 5,208,356 | $231.9M |
| First Trust Advisors LP | 0.16% | Reduce -2.0% | 4,784,370 | $213.0M |
| Morgan Stanley | 0.01% | Reduce -4.1% | 4,062,903 | $180.9M |
| Jennison Associates LLC | 0.10% | Add +58.7% | 3,681,158 | $163.9M |
| Geode Capital Management, LLC | 0.01% | Add +0.5% | 2,959,195 | $131.8M |
| LSV Asset Management | 0.25% | Reduce -1.6% | 2,572,936 | $114.6M |
| Principal Financial Group Inc. | 0.05% | Reduce -0.9% | 2,312,254 | $103.0M |
| Norges Bank | 0.01% | — | 2,270,699 | $101.1M |
| Charles Schwab Investment Management Inc. | 0.01% | Add +0.5% | 2,077,984 | $92.5M |
| Balyasny Asset Management L.P. | 0.17% | Add +90.2% | 1,943,422 | $86.5M |
| Northern Trust Corp. | 0.01% | Reduce -3.9% | 1,943,202 | $86.5M |
| Bank of New York Mellon Corp | 0.01% | Reduce -5.5% | 1,797,919 | $80.1M |
| Goldman Sachs Group Inc. | 0.01% | Add +7.9% | 1,700,641 | $75.7M |
| UBS Group AG | 0.01% | Reduce -11.3% | 1,558,881 | $69.4M |
| Invesco Ltd. | 0.01% | Reduce -2.8% | 1,381,058 | $61.5M |
| Bank of America Corp. | 0.00% | Add +14.3% | 1,364,442 | $60.8M |
| HSBC Holdings PLC | 0.03% | Add +10.9% | 1,360,587 | $60.5M |
| AQR Capital Management | 0.03% | Add +48.3% | 1,214,186 | $54.1M |
| Millennium Management | 0.04% | Add +93.5% | 1,078,128 | $48.0M |
| Marshall Wace, LLP | 0.04% | Add +32.6% | 980,953 | $43.7M |
| Allianz Asset Management GmbH | 0.04% | Add +2119.8% | 868,881 | $38.7M |
| Victory Capital Management Inc. | 0.02% | Reduce -1.7% | 803,829 | $35.8M |
| Wells Fargo & Company | 0.01% | Reduce -17.2% | 746,919 | $33.3M |
| Jupiter Asset Management Ltd. | 0.26% | New | 715,633 | $31.9M |
| Interval Partners, LP | 0.64% | Add +116.8% | 616,491 | $27.5M |
| Public Sector Pension Investment Board | 0.09% | Reduce -11.1% | 585,108 | $26.1M |
| Algebris (uk) Ltd. | 2.09% | Reduce -46.6% | 583,777 | $26.0M |
| Advisors Capital Management, LLC | 0.30% | Add +0.8% | 573,705 | $25.5M |
| Ameriprise Financial Inc. | 0.01% | Add +8.2% | 557,399 | $24.8M |
| Arbejdsmarkedets Tillaegspension | 0.61% | — | 539,276 | $24.0M |
| Mackenzie Financial Corp. | 0.03% | Add +1532.3% | 533,823 | $23.9M |
| Alyeska Investment Group, L.P. | 0.07% | Add +2490.3% | 530,693 | $23.6M |
| Allspring Global Investments Holdings, LLC | 0.04% | Add +157.3% | 524,643 | $23.6M |
| CSM Advisors, LLC | 0.64% | Add +58.2% | 528,853 | $23.5M |
| LPL Financial LLC | 0.01% | Add +4.7% | 521,133 | $23.2M |
| Jain Global LLC | 0.24% | New | 518,003 | $23.1M |
| Miller Value Partners | 7.92% | Reduce -3.1% | 504,761 | $22.5M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -0.9% | 490,149 | $21.8M |
| Easterly Investment Partners LLC | 1.32% | Reduce -7.1% | 481,284 | $21.4M |
| Sei Investments Co. | 0.02% | Add +8.4% | 477,283 | $21.3M |
| Legal & General Group Plc | 0.00% | Reduce -4.1% | 476,325 | $21.2M |
| MetLife Investment Management, LLC | 0.10% | Add +0.1% | 452,304 | $20.1M |
| Daymark Wealth Partners, LLC | 0.64% | Reduce -0.6% | 450,978 | $20.1M |
| Amundi | 0.01% | Reduce -23.1% | 425,474 | $18.9M |
| Vest Financial, LLC | 0.23% | Add +7.4% | 413,428 | $18.4M |
| First Eagle Investment Management, LLC | 0.03% | Reduce 0.0% | 409,936 | $18.3M |
| Rhumbline Advisers | 0.01% | Add +1.6% | 400,135 | $17.8M |
| Hudson Bay Capital Management LP | 0.11% | Add +6.8% | 380,224 | $16.9M |
| Freestone Grove Partners LP | 0.12% | Add +707.3% | 363,384 | $16.2M |
| Royal Bank of Canada | 0.00% | Reduce -85.2% | 360,514 | $16.1M |
| Focus Partners Wealth | 0.02% | Add +9.7% | 341,730 | $15.2M |
| Swiss National Bank | 0.01% | Add +1.7% | 336,400 | $15.0M |
| California Public Employees Retirement System | 0.01% | Add +4.5% | 332,090 | $14.8M |
| Nuveen, LLC | 0.00% | Reduce -4.9% | 324,758 | $14.5M |
| Gillson Capital LP | 0.89% | Add +54.6% | 306,080 | $13.6M |
| Gotham Asset Management | 0.05% | Add +112.6% | 304,861 | $13.6M |
| Raymond James Financial Inc. | 0.00% | Reduce -7.0% | 291,885 | $13.0M |
| Stifel Financial Corp. | 0.01% | Reduce -10.0% | 285,489 | $12.7M |
| Osaic Holdings, Inc. | 0.02% | Reduce -15.3% | 272,393 | $12.1M |
| Hotchkis & Wiley Capital Management LLC | 0.03% | Add +0.6% | 250,852 | $11.2M |
| Prudential Financial Inc. | 0.01% | Reduce -3.8% | 244,390 | $10.9M |
| Bridgewater Associates | 0.04% | Reduce -26.1% | 244,301 | $10.9M |
| Man Group plc | 0.02% | Add +175.8% | 237,379 | $10.6M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.01% | Add +13691.4% | 233,764 | $10.4M |
| Oxbow Advisors, LLC | 0.92% | Add +22.1% | 231,208 | $10.3M |
| Cyndeo Wealth Partners, LLC | 0.54% | Add +3.5% | 224,376 | $10.0M |
| Cordgrass Capital Advisors, LLC | 2.35% | Reduce -0.1% | 219,565 | $9.8M |
| JPMorgan Chase & Co. | 0.00% | Add +4.9% | 217,257 | $9.7M |
| Illinois Municipal Retirement Fund | 0.12% | Reduce -8.3% | 206,104 | $9.2M |
| Janney Montgomery Scott LLC | 0.02% | Add +10.6% | 205,403 | $9.1M |
| Barclays PLC | 0.00% | Reduce -82.3% | 202,942 | $9.0M |
| New York State Teachers Retirement System | 0.02% | Reduce -1.6% | 197,112 | $8.8M |
| Citadel Advisors | 0.01% | Reduce -77.4% | 195,197 | $8.7M |
| American Century Companies Inc. | 0.00% | Add +48.8% | 188,990 | $8.4M |
| &partners | 0.04% | New | 186,704 | $8.3M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.01% | Add +24.9% | 186,600 | $8.3M |
| Alliancebernstein L.P. | 0.00% | Reduce -15.1% | 185,361 | $8.3M |
| Quantinno Capital Management LP | 0.02% | Add +12.6% | 180,474 | $8.0M |
| CANADA LIFE ASSURANCE Co | 0.01% | Reduce -8.2% | 180,461 | $8.0M |
| Access Investment Management LLC | 2.13% | No change | 196,500 | $7.9M |
| FMR LLC | 0.00% | Add +0.3% | 177,832 | $7.9M |
| Bessemer Group Inc. | 0.01% | Add +544.9% | 162,628 | $7.2M |
| CI Investments Inc. | 0.03% | Reduce -10.6% | 161,999 | $7.2M |
| California State Teachers Retirement System | 0.01% | Reduce -0.1% | 160,524 | $7.1M |
| Susquehanna Fundamental Investments, LLC | 0.24% | No change | 160,111 | $7.1M |
| Schonfeld Strategic Advisors LLC | 0.04% | Reduce -20.2% | 159,520 | $7.1M |
| Truist Financial Corp. | 0.01% | Add +2.4% | 159,076 | $7.1M |
| HRT Financial LP | 0.02% | Add +42.1% | 158,677 | $7.1M |
| Great Lakes Advisors, LLC | 0.06% | Reduce -23.8% | 158,149 | $7.0M |
| Susquehanna Portfolio Strategies, LLC | 0.11% | No change | 156,399 | $7.0M |
| Robeco Institutional Asset Management B.V. | 0.01% | Reduce -4.8% | 154,922 | $6.9M |
| New Vernon Investment Management LLC | 6.68% | No change | 154,110 | $6.9M |
| Schroder Investment Management Group | 0.01% | Add +0.8% | 148,191 | $6.7M |
| Commonwealth Equity Services, LLC | 0.01% | Reduce -47.9% | 148,514 | $6.6M |
"% of holder's portfolio" is LNC's weight in each manager's 13F, not the share of Lincoln National Corp. the manager owns.