LNC LINCOLN NATL CORP IND
COMMON
CUSIP: 534187109
FIGI: BBG000BNC3Y9
Institutional Holders635
Total Institutional Value$6,704,440,334
Total Shares Held161,467,040
Avg Position$10,558,174
Top 5 Holders %46.0%
Alpha-Weighted Score66.1
New Positions+65
Exited Positions-62
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | High Conviction | Market Mover | $879,073,987 (13.1%) | 19,741,163 | 9.5% |
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $826,150,370 (12.3%) | 18,552,669 | 11.2% |
| DIMENSIONAL FUND ADVISORS LP | High Conviction | Market Mover | $277,574,174 (4.1%) | 6,233,327 | 20.1% |
| STATE STREET CORP | High Conviction | Market Mover | $262,538,727 (3.9%) | 5,895,772 | 8.9% |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | High Conviction | Market Mover | $262,185,561 (3.9%) | 5,887,841 | 9.2% |
| FIRST TRUST ADVISORS LP | High Conviction | Market Mover | $213,047,999 (3.2%) | 4,784,370 | 8.3% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $180,921,147 (2.7%) | 4,062,903 | 5.9% |
| JENNISON ASSOCIATES LLC | High Conviction | Significant Flow | $163,921,966 (2.4%) | 3,681,158 | 75.3% |
| GEODE CAPITAL MANAGEMENT, LLC | High Conviction | Market Mover | $131,800,952 (2.0%) | 2,959,195 | 11.0% |
| PRINCIPAL FINANCIAL GROUP INC | High Conviction | Market Mover | $102,964,670 (1.5%) | 2,312,254 | 9.5% |
| NORGES BANK | High Conviction | Market Mover | $101,114,226 (1.5%) | 2,270,699 | 38.8% |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | High Conviction | Market Mover | $92,532,628 (1.4%) | 2,077,984 | -40.8% |
| BALYASNY ASSET MANAGEMENT LLC | Moderate Conviction | Market Mover | $90,463,675 (1.3%) | 2,031,522 | 102.0% |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $86,530,786 (1.3%) | 1,943,202 | 6.1% |
| UBS Group AG | Moderate Conviction | Market Mover | $84,316,708 (1.3%) | 1,893,481 | - |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $80,061,321 (1.2%) | 1,797,919 | 4.3% |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $76,917,496 (1.1%) | 1,727,318 | 18.9% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Moderate Conviction | Market Mover | $66,322,492 (1.0%) | 1,489,389 | 16.4% |
| Invesco Ltd. | Moderate Conviction | Market Mover | $61,498,512 (0.9%) | 1,381,058 | 7.3% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $60,758,599 (0.9%) | 1,364,442 | -40.6% |
| MILLENNIUM MANAGEMENT, L.L.C. | Moderate Conviction | Market Mover | $57,413,776 (0.9%) | 1,289,328 | 55.1% |
| AQR CAPITAL MANAGEMENT LLC | High Conviction | Market Mover | $54,067,676 (0.8%) | 1,214,186 | 63.7% |
| MARSHALL WACE, LLP | Moderate Conviction | Market Mover | $43,681,835 (0.7%) | 980,953 | 46.4% |
| ALLIANZ ASSET MANAGEMENT GMBH | High Conviction | Significant Flow | $38,691,271 (0.6%) | 868,881 | 2,350.9% |
| VICTORY CAPITAL MANAGEMENT INC | High Conviction | Market Mover | $35,794,505 (0.5%) | 803,829 | 8.6% |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $33,260,333 (0.5%) | 746,919 | -8.6% |
| JUPITER ASSET MANAGEMENT LTD | High Conviction | Significant Flow | $31,867,137 (0.5%) | 715,633 | NEW |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $31,135,242 (0.5%) | 699,197 | -44.9% |
| JANE STREET GROUP, LLC | Moderate Conviction | Market Mover | $30,480,384 (0.5%) | 684,491 | 69.3% |
| LPL FINANCIAL LLC | High Conviction | Market Mover | $28,999,424 (0.4%) | 651,233 | 10.9% |
| INTERVAL PARTNERS, LP | High Conviction | Moderate Flow | $27,452,344 (0.4%) | 616,491 | 63.4% |
| PUBLIC SECTOR PENSION INVESTMENT BOARD | High Conviction | Significant Flow | $26,054,859 (0.4%) | 585,108 | - |
| ALGEBRIS (UK) LTD | High Conviction | Low Flow | $26,007,752 (0.4%) | 583,777 | -41.0% |
| ADVISORS CAPITAL MANAGEMENT, LLC | High Conviction | Moderate Flow | $25,547,099 (0.4%) | 573,705 | 11.3% |
| AMERIPRISE FINANCIAL INC | Moderate Conviction | Market Mover | $24,820,965 (0.4%) | 557,399 | 19.5% |
| MACKENZIE FINANCIAL CORP | High Conviction | Significant Flow | $23,926,826 (0.4%) | 533,823 | 1,714.1% |
| ALYESKA INVESTMENT GROUP, L.P. | High Conviction | Significant Flow | $23,631,759 (0.4%) | 530,693 | 2,760.0% |
| ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC | Moderate Conviction | Significant Flow | $23,614,182 (0.4%) | 524,643 | 188.7% |
| Jain Global LLC | High Conviction | Significant Flow | $23,066,674 (0.3%) | 518,003 | NEW |
| MILLER VALUE PARTNERS, LLC | Elite Conviction | Minimal Flow | $22,477,007 (0.3%) | 504,761 | 7.0% |
| UBS GLOBAL ASSET MANAGEMENT AMERICAS INC | Moderate Conviction | Market Mover | $21,826,334 (0.3%) | 490,149 | 9.4% |
| LEVIN EASTERLY PARTNERS LLC | High Conviction | Low Flow | $21,431,577 (0.3%) | 481,284 | 2.6% |
| SEI INVESTMENTS CO | High Conviction | Market Mover | $21,253,607 (0.3%) | 477,283 | 19.8% |
| LEGAL & GENERAL GROUP PLC | High Conviction | Market Mover | $21,210,753 (0.3%) | 476,325 | 5.9% |
| METLIFE INVESTMENT MANAGEMENT, LLC | High Conviction | Significant Flow | $20,141,097 (0.3%) | 452,304 | 10.5% |
| DAYMARK WEALTH PARTNERS, LLC | High Conviction | Moderate Flow | $20,082,057 (0.3%) | 450,978 | 9.7% |
| SEGESPAR | High Conviction | Market Mover | $18,946,357 (0.3%) | 425,474 | -14.9% |
| VEST FINANCIAL, LLC | High Conviction | Moderate Flow | $18,409,949 (0.3%) | 413,428 | 18.6% |
| FIRST EAGLE INVESTMENT MANAGEMENT, LLC | High Conviction | Significant Flow | $18,254,451 (0.3%) | 409,936 | 10.4% |
| RHUMBLINE ADVISERS | High Conviction | Market Mover | $17,817,964 (0.3%) | 400,135 | 12.2% |
| HUDSON BAY CAPITAL MANAGEMENT, L.P. | High Conviction | Significant Flow | $16,931,375 (0.3%) | 380,224 | 18.0% |
| Freestone Grove Partners LP (CIK 0002007591) | High Conviction | Significant Flow | $16,181,490 (0.2%) | 363,384 | 791.3% |
| ROYAL BANK OF CANADA | High Conviction | Market Mover | $16,105,000 (0.2%) | 361,714 | -90.0% |
| WALLEYE TRADING LLC | Moderate Conviction | Significant Flow | $15,955,099 (0.2%) | 358,300 | 30.3% |
| COLONY GROUP, LLC | High Conviction | Significant Flow | $15,217,320 (0.2%) | 341,730 | 21.1% |
| SWISS NATIONAL BANK | High Conviction | Market Mover | $14,979,892 (0.2%) | 336,400 | 12.3% |
| CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM | High Conviction | Significant Flow | $14,787,968 (0.2%) | 332,090 | 15.4% |
| SHAW D E & CO INC | Moderate Conviction | Market Mover | $14,714,716 (0.2%) | 330,445 | -14.3% |
| Nuveen, LLC | High Conviction | Market Mover | $14,461,473 (0.2%) | 324,758 | 5.0% |
| GOTHAM ASSET MANAGEMENT, LLC | High Conviction | Significant Flow | $13,575,460 (0.2%) | 304,861 | 134.8% |
| RAYMOND JAMES FINANCIAL INC | Moderate Conviction | Market Mover | $12,997,657 (0.2%) | 291,885 | 2.7% |
| STIFEL FINANCIAL CORP | High Conviction | Market Mover | $12,712,879 (0.2%) | 285,489 | - |
| OSAIC HOLDINGS, INC. | Moderate Conviction | Market Mover | $12,131,144 (0.2%) | 272,393 | -44.6% |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | High Conviction | Moderate Flow | $11,170,440 (0.2%) | 250,852 | 11.1% |
| PRUDENTIAL FINANCIAL INC | High Conviction | Significant Flow | $10,882,687 (0.2%) | 244,390 | 6.2% |
| BRIDGEWATER ASSOCIATES, LP | High Conviction | Significant Flow | $10,878,724 (0.2%) | 244,301 | -18.5% |
| MAN GROUP PLC | High Conviction | Significant Flow | $10,570,487 (0.2%) | 237,379 | 204.5% |
| OXBOW ADVISORS, LLC | High Conviction | Low Flow | $10,295,706 (0.2%) | 231,208 | 34.8% |
| CYNDEO WEALTH PARTNERS, LLC | High Conviction | Low Flow | $9,991,483 (0.1%) | 224,376 | 14.3% |
| OAK HARBOR WEALTH PARTNERS, LLC | High Conviction | Minimal Flow | $9,777,229 (0.1%) | 219,565 | 10.4% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $9,674,455 (0.1%) | 217,257 | -42.1% |
| ILLINOIS MUNICIPAL RETIREMENT FUND | High Conviction | Moderate Flow | $9,177,811 (0.1%) | 206,104 | - |
| BARCLAYS PLC | High Conviction | Market Mover | $9,037,009 (0.1%) | 202,942 | -80.5% |
| TWENTIETH CENTURY COMPANIES INC | High Conviction | Market Mover | $8,415,725 (0.1%) | 188,990 | 64.3% |
| WILEY BROS.-AINTREE CAPITAL, LLC | High Conviction | Significant Flow | $8,313,907 (0.1%) | 186,704 | NEW |
| Universal- Beteiligungs- und Servicegesellschaft mbH (CIK 0002057170) | High Conviction | Significant Flow | $8,311,747 (0.1%) | 186,600 | 37.9% |
| ALLIANCEBERNSTEIN L.P. | High Conviction | Market Mover | $8,254,125 (0.1%) | 185,361 | -6.2% |
| PEAK6 LLC | Moderate Conviction | Significant Flow | $8,077,742 (0.1%) | 181,400 | -29.9% |
| QUANTINNO CAPITAL MANAGEMENT LP | High Conviction | Significant Flow | $8,036,533 (0.1%) | 180,474 | 24.3% |
| ACCESS INVESTMENT MANAGEMENT LLC | High Conviction | Minimal Flow | $7,924,845 (0.1%) | 196,500 | - |
| FMR LLC | High Conviction | Market Mover | $7,918,920 (0.1%) | 177,832 | 10.8% |
| CI MUTUAL FUNDS INC | High Conviction | Significant Flow | $7,213,815 (0.1%) | 161,999 | 98,611.2% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | High Conviction | Market Mover | $7,148,134 (0.1%) | 160,524 | 10.3% |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | High Conviction | Moderate Flow | $7,129,743 (0.1%) | 160,111 | 10.4% |
| SCHONFELD STRATEGIC ADVISORS LLC | High Conviction | Significant Flow | $7,103,422 (0.1%) | 159,520 | -11.9% |
| TRUIST FINANCIAL CORP | High Conviction | Significant Flow | $7,083,667 (0.1%) | 159,076 | 13.0% |
| WAYNE HUMMER MANAGEMENT CO | High Conviction | Significant Flow | $7,042,366 (0.1%) | 158,149 | -15.8% |
| SUSQUEHANNA PORTFOLIO STRATEGIES, LLC | High Conviction | Moderate Flow | $6,964,447 (0.1%) | 156,399 | 10.4% |
| ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. | High Conviction | Significant Flow | $6,898,676 (0.1%) | 154,922 | 5.2% |
| NEW VERNON INVESTMENT MANAGEMENT LLC | High Conviction | Minimal Flow | $6,862,518 (0.1%) | 154,110 | 10.4% |
| SCHRODER INVESTMENT MANAGEMENT GROUP | High Conviction | Market Mover | $6,655,258 (0.1%) | 148,191 | 11.8% |
| COMMONWEALTH EQUITY SERVICES, LLP | Moderate Conviction | Market Mover | $6,613,324 (0.1%) | 148,514 | 57,417.2% |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | High Conviction | Significant Flow | $6,598,634 (0.1%) | 148,184 | 5.4% |
| VERITION FUND MANAGEMENT LLC | High Conviction | Significant Flow | $6,177,380 (0.1%) | 138,724 | -21.5% |
| TWO SIGMA INVESTMENTS, LP | Moderate Conviction | Significant Flow | $6,093,485 (0.1%) | 136,840 | -57.1% |
| LOUDON INVESTMENT MANAGEMENT, LLC | High Conviction | Minimal Flow | $6,033,325 (0.1%) | 135,489 | 7.2% |
| PNC FINANCIAL SERVICES GROUP, INC. | High Conviction | Market Mover | $5,895,929 (0.1%) | 132,404 | 10.6% |
| JESSUP WEALTH MANAGEMENT, INC | Moderate Conviction | Minimal Flow | $5,878,933 (0.1%) | 132,022 | 9.5% |
| DEUTSCHE BANK AG\\ | Moderate Conviction | Market Mover | $5,797,895 (0.1%) | 130,202 | 42.7% |
| CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. | High Conviction | Significant Flow | $5,577,383 (0.1%) | 125,250 | NEW |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 619 | $6.70B | 161,472,748 | $41.52 |
| Q3 25 | 603 | $5.54B | 149,596,070 | $37.05 |
| Q2 25 | 565 | $4.39B | 138,654,401 | $31.66 |
| Q1 25 | 568 | $4.66B | 136,163,918 | $34.24 |
| Q4 24 | 559 | $4.28B | 140,289,461 | $30.52 |
| Q3 24 | 529 | $4.20B | 141,029,533 | $29.80 |
| Q2 24 | 536 | $4.31B | 145,170,830 | $29.67 |
| Q1 24 | 509 | $4.33B | 143,249,392 | $30.22 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.