Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in LNC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Bain Capital Prairie, LLC | 18.8M | $666.0M | 0.0% | 9.811% | 100.00% |
| 2 | BlackRock, Inc. | 18.5M | $656.7M | -0.3% | 9.674% | 0.01% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 10.4M | $369.5M | β | 5.444% | 0.02% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 8.3M | $293.6M | β | 4.325% | 0.01% |
| 5 | DIMENSIONAL FUND ADVISORS LP | 7.8M | $275.3M | +24.4% | 4.056% | 0.06% |
| 6 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 5.9M | $209.8M | -0.1% | 3.076% | 0.07% |
| 7 | STATE STREET CORP | 5.9M | $209.1M | -0.1% | 3.081% | 0.01% |
| 8 | JENNISON ASSOCIATES LLC | 3.8M | $135.7M | +3.9% | 1.999% | 0.09% |
| 9 | MORGAN STANLEY | 3.7M | $131.1M | -9.1% | 1.931% | 0.01% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 3.2M | $112.2M | +6.8% | 1.652% | 0.01% |
| 11 | PRINCIPAL FINANCIAL GROUP INC | 2.3M | $81.0M | -1.4% | 1.193% | 0.04% |
| 12 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2.1M | $75.8M | +2.8% | 1.117% | 0.01% |
| 13 | FIRST TRUST ADVISORS LP | 2.1M | $75.6M | -55.5% | 1.113% | 0.05% |
| 14 | BALYASNY ASSET MANAGEMENT LLC | 2.1M | $74.0M | β | 1.091% | 0.25% |
| 15 | NORTHERN TRUST CORP | 1.9M | $65.8M | -4.7% | 0.969% | 0.01% |
| 16 | JUPITER ASSET MANAGEMENT LTD | 1.8M | $63.8M | +151.1% | 0.940% | 0.34% |
| 17 | GOLDMAN SACHS GROUP INC | 1.8M | $63.4M | +3.4% | 0.934% | 0.01% |
| 18 | Bank of New York Mellon Corp | 1.8M | $63.2M | -1.1% | 0.930% | 0.01% |
| 19 | UBS Group AG | 1.7M | $58.7M | -12.7% | 0.865% | 0.01% |
| 20 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.6M | $55.0M | +4.1% | 0.811% | 0.01% |
| 21 | Invesco Ltd. | 1.5M | $54.7M | +11.6% | 0.806% | 0.01% |
| 22 | CITADEL ADVISORS LLC | 1.5M | $54.5M | β | 0.802% | 0.03% |
| 23 | HSBC HOLDINGS PLC | 1.5M | $53.2M | β | 0.784% | 0.03% |
| 24 | VICTORY CAPITAL MANAGEMENT INC | 1.5M | $52.0M | +82.4% | 0.767% | 0.03% |
| 25 | BANK OF AMERICA CORP /DE/ | 1.4M | $50.7M | +4.7% | 0.747% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in LNC β a direct measure of their conviction.
Filings activity in LNC during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new LNC position in Q1 2026
Institutions that fully closed their LNC position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 592 | 2.6% | 73.20% | 16.95 pp | $5.22B | 19% |
| Q4 2025 | 608 | +3.8% | 90.15% | +18.69 pp | $6.43B | +26% |
| Q3 2025 | 586 | +5.4% | 71.46% | +10.10 pp | $5.10B | +16% |
| Q2 2025 | 556 | +0.2% | 61.36% | +0.91 pp | $4.38B | +1.5% |
| Q1 2025 | 555 | +2.2% | 60.45% | +6.61 pp | $4.31B | +12% |
| Q4 2024 | 543 | +4.8% | 53.84% | 39.28 pp | $3.84B | 42% |
| Q3 2024 | 518 | 1.3% | 93.12% | 45.57 pp | $6.64B | 33% |
| Q2 2024 | 525 | β | 138.69% | β | $9.89B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying LNC stock.
Based on Q1 2026 13F filings, institutional ownership of Lincoln National Corporation stands at 73.2%, held across 592 reporting institutions.
Bain Capital Prairie, LLC is the largest reported institutional holder of LNC, with approximately 18,759,497 shares worth $0.67B as of Q1 2026.
Yes β 2 widely-followed marquee investors appear among the top 25 institutional holders of LNC, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for LNC is 40 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
89 institutions opened new positions in LNC during Q1 2026, while 105 fully exited. 73 added to existing positions and 428 trimmed.
LNC institutional ownership fell by 16.95 percentage points quarter-over-quarter, with a net change of -16 holders.
The top 10 institutions account for 58.6% of all reported 13F value in LNC, and the top 25 account for 76.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Lincoln National Corporation (LNC) Institutional Ownership