LINCOLN NATIONAL CORP - Common Stock (LNC) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
LNC on NYSE
Shares outstanding
189,489,869
Price per share
$44.53
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
134,218,982
Total reported value
$5,412,729,895
% of total 13F portfolios
0.01%
Share change
+2,379,803
Value change
+$122,845,913
Number of holders
595
Price from insider filings
$44.53
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of LINCOLN NATIONAL CORP - Common Stock (LNC) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Bain Capital Prairie, LLC 9.9% $625,629,225 18,759,497 Bain Capital Prairie, LLC 05 Jun 2025

As of 30 Sep 2025, 595 institutional investors reported holding 134,218,982 shares of LINCOLN NATIONAL CORP - Common Stock (LNC). This represents 71% of the company’s total 189,489,869 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of LINCOLN NATIONAL CORP - Common Stock (LNC) together control 53% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 11% 19,903,720 +6.3% 0.01% $802,717,029
BlackRock, Inc. 9.7% 18,427,376 +12% 0.01% $743,176,070
STATE STREET CORP 3.2% 5,977,400 -3.6% 0.01% $241,068,542
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 3.1% 5,952,166 +21% 0.07% $240,050,855
DIMENSIONAL FUND ADVISORS LP 3% 5,730,727 +25% 0.05% $231,120,628
PRICE T ROWE ASSOCIATES INC /MD/ 2.7% 5,204,381 +37% 0.02% $209,894,000
FIRST TRUST ADVISORS LP 2.6% 4,879,862 +5% 0.15% $196,804,818
MORGAN STANLEY 2.2% 4,237,638 +8.5% 0.01% $170,904,016
GEODE CAPITAL MANAGEMENT, LLC 1.6% 2,944,353 +1.6% 0.01% $118,768,296
LSV ASSET MANAGEMENT 1.4% 2,614,739 -4.4% 0.23% $105,452,000
ROYAL BANK OF CANADA 1.3% 2,437,002 +72% 0.02% $98,284,000
PRINCIPAL FINANCIAL GROUP INC 1.2% 2,332,584 -16% 0.05% $94,073,113
JENNISON ASSOCIATES LLC 1.2% 2,319,323 +84% 0.05% $93,538,296
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.1% 2,067,216 +0.39% 0.01% $83,370,821
NORTHERN TRUST CORP 1.1% 2,021,656 -18% 0.01% $81,533,386
Bank of New York Mellon Corp 1% 1,902,625 -0.46% 0.01% $76,732,853
UBS Group AG 0.93% 1,758,259 +28% 0.01% $70,910,586
GOLDMAN SACHS GROUP INC 0.83% 1,576,114 +2.4% 0.01% $63,564,664
Invesco Ltd. 0.75% 1,421,386 -11% 0.01% $57,324,499
HSBC HOLDINGS PLC 0.65% 1,227,199 -25% 0.03% $48,983,778
BANK OF AMERICA CORP /DE/ 0.63% 1,193,751 -1.6% 0% $48,143,963
BARCLAYS PLC 0.61% 1,148,527 -17% 0.02% $46,320,094
ALGEBRIS (UK) LTD 0.58% 1,092,893 -28% 5% $44,042,614
Balyasny Asset Management L.P. 0.54% 1,021,916 +6173% 0.08% $41,213,872
WELLS FARGO & COMPANY/MN 0.48% 902,410 -7.8% 0.01% $36,394,199

Institutional Holders of LINCOLN NATIONAL CORP - Common Stock (LNC) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 1,124,874 $50,208,089 -$19,591 $44.53 32
2025 Q3 134,218,982 $5,412,729,895 +$122,845,913 $40.33 595
2025 Q2 132,724,761 $4,593,068,261 +$190,906,875 $34.60 560
2025 Q1 126,337,684 $4,531,245,878 +$25,526,334 $35.91 561
2024 Q4 126,036,868 $3,996,321,516 +$69,015,879 $31.71 548
2024 Q3 123,239,799 $3,880,949,415 -$129,146,957 $31.51 525
2024 Q2 126,358,112 $3,928,950,960 +$165,424,407 $31.10 532
2024 Q1 121,367,141 $3,870,716,303 -$32,104,430 $31.93 498
2023 Q4 447,481 $12,068,562 +$429,470 $26.97 6
2023 Q3 123,669,192 $3,052,466,818 +$42,817,278 $24.69 464
2023 Q2 121,684,249 $3,125,957,592 -$181,886,009 $25.76 484
2023 Q1 128,353,606 $2,876,741,035 -$124,517,569 $22.47 476
2022 Q4 133,908,221 $4,115,233,865 +$36,359,610 $30.72 557
2022 Q3 133,790,648 $5,887,829,649 +$147,164,015 $43.91 587
2022 Q2 126,686,033 $5,906,553,116 +$134,257,095 $46.77 602
2022 Q1 123,489,596 $8,053,307,843 -$356,382,134 $65.36 626
2021 Q4 133,344,720 $9,089,351,115 -$544,707,741 $68.26 651
2021 Q3 140,702,350 $9,649,265,959 -$201,561,796 $68.75 620
2021 Q2 142,471,718 $8,918,025,625 -$117,413,026 $62.84 604
2021 Q1 145,141,829 $9,003,523,856 -$125,956,647 $62.27 614
2020 Q4 150,165,104 $7,530,081,286 +$25,135,357 $50.31 604
2020 Q3 150,219,160 $4,693,184,448 -$60,726,242 $31.33 516
2020 Q2 152,410,282 $5,587,875,760 -$35,776,022 $36.79 541
2020 Q1 152,565,452 $4,015,211,978 -$408,826,091 $26.32 489
2019 Q4 160,094,894 $9,444,172,421 -$20,375,764 $59.01 607
2019 Q3 157,384,544 $9,492,942,128 -$51,664,806 $60.32 614
2019 Q2 165,225,509 $10,633,803,822 +$366,713,370 $64.45 654
2019 Q1 166,301,931 $9,764,324,374 -$292,362,763 $58.70 640
2018 Q4 170,508,686 $8,749,824,780 -$334,973,768 $51.31 614
2018 Q3 175,418,908 $11,867,171,459 -$207,845,201 $67.66 645
2018 Q2 177,974,575 $11,080,570,772 +$105,090,188 $62.25 656
2018 Q1 179,800,554 $13,136,054,242 +$49,761,106 $73.06 676
2017 Q4 179,931,458 $13,834,916,160 -$151,207,024 $76.87 669
2017 Q3 181,327,754 $13,324,098,596 -$71,160,587 $73.48 632
2017 Q2 182,284,155 $12,318,530,502 -$129,068,327 $67.58 637
2017 Q1 184,872,556 $12,099,558,228 +$1,011,106,543 $65.45 626
2016 Q4 184,397,372 $12,213,915,853 +$111,521,559 $66.27 613
2016 Q3 183,276,738 $8,593,227,085 -$109,636,012 $46.98 552
2016 Q2 184,275,330 $7,145,537,482 -$274,168,589 $38.77 543
2016 Q1 189,918,478 $7,444,752,141 -$89,666,822 $39.20 540
2015 Q4 194,383,497 $9,769,440,332 -$213,137,664 $50.26 561
2015 Q3 199,805,469 $9,483,352,786 -$295,554,659 $47.46 556
2015 Q2 202,011,927 $11,960,774,475 -$233,331,708 $59.22 576
2015 Q1 210,119,889 $12,065,983,997 -$189,645,734 $57.46 583
2014 Q4 213,220,779 $12,288,571,499 -$10,276,889 $57.67 574
2014 Q3 215,243,431 $11,532,541,372 -$423,955,330 $53.58 551
2014 Q2 222,676,064 $11,454,637,190 -$52,487,571 $51.44 538
2014 Q1 225,587,360 $11,426,238,241 -$198,866,050 $50.67 534