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Institutional Ownership · SEC Form 13F

Who owns Lincoln Educational Services Corporation (LINC)


Which tracked institutional funds hold LINC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LINC company fundamentals →

Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

192
Institutional holders
28M
Shares held (tracked funds)
87.7%
Of shares outstanding

How the tape is positioned

The tracked-fund tape on LINC is one-sided between 2025-Q4 and 2026-Q1: 93 added or opened and 19 trimmed or exited — on balance accumulating.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

LINC’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes LINC more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in LINC divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2025-Q4 and 2026-Q1, across 192 tracked filers holding LINC, 113 increased or opened the position and 83 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in LINC between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 30

  • VANGUARD CAPITAL MANAGEMENT LLC$49M
  • Divisadero Street Capital Management, LP$34M
  • Nicholas Investment Partners, LP$19M
  • VANGUARD PORTFOLIO MANAGEMENT LLC$12M
  • JANE STREET GROUP, LLC$10M
  • VANGUARD FIDUCIARY TRUST CO$8M

Full exits 7

  • VANGUARD GROUP INC$36M
  • Pacific Ridge Capital Partners, LLC$7M
  • 4D Advisors, LLC$4M
  • Militia Capital Partners, LP$2M
  • TWO SIGMA ADVISERS, LP$1M
  • Perritt Capital Management Inc$937K

Largest adds

  • BlackRock, Inc.$35M
  • NEEDHAM INVESTMENT MANAGEMENT LLC$25M
  • NEXT CENTURY GROWTH INVESTORS LLC$23M
  • Juniper Investment Company, LLC$22M
  • MARSHALL WACE, LLP$20M
  • LORD, ABBETT & CO. LLC$20M

Largest trims

  • HEARTLAND ADVISORS INC$17M
  • Alyeska Investment Group, L.P.$8M
  • Pillsbury Lake Capital LLC$2M
  • ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$1M
  • Secure Asset Management, LLC$1M
  • BARCLAYS PLC$943K

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).

FundSharesReported value% of valueQuarter
BlackRock, Inc. trimmed2,182,514$89M7.6%2026-Q1
Juniper Investment Company, LLC trimmed1,938,311$79M6.8%2026-Q1
NEEDHAM INVESTMENT MANAGEMENT LLC added1,277,500$52M4.5%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new1,202,130$49M4.2%2026-Q1
NEXT CENTURY GROWTH INVESTORS LLC added1,040,602$42M3.6%2026-Q1
Divisadero Street Capital Management, LP new825,556$34M2.9%2026-Q1
AMERICAN CENTURY COMPANIES INC added808,302$33M2.8%2026-Q1
Alyeska Investment Group, L.P. trimmed777,833$32M2.7%2026-Q1
WASATCH ADVISORS LP trimmed777,351$32M2.7%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added740,769$30M2.6%2026-Q1
DIMENSIONAL FUND ADVISORS LP trimmed694,748$28M2.4%2026-Q1
First Eagle Investment Management, LLC trimmed685,230$28M2.4%2026-Q1
Driehaus Capital Management LLC added676,923$28M2.4%2026-Q1
LORD, ABBETT & CO. LLC added623,165$25M2.2%2026-Q1
STATE STREET CORP added590,070$24M2.1%2026-Q1
MARSHALL WACE, LLP added533,527$22M1.9%2026-Q1
RBF Capital, LLC499,070$20M1.7%2026-Q1
Point72 Asset Management, L.P. added468,556$19M1.6%2026-Q1
Nicholas Investment Partners, LP new459,509$19M1.6%2026-Q1
Pillsbury Lake Capital LLC trimmed380,568$15M1.3%2026-Q1
ROYCE & ASSOCIATES LP added358,664$15M1.3%2026-Q1
HEARTLAND ADVISORS INC trimmed357,265$15M1.2%2026-Q1
ESSEX INVESTMENT MANAGEMENT CO LLC trimmed355,304$14M1.2%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP trimmed353,495$14M1.2%2026-Q1
TWO SIGMA INVESTMENTS, LP added352,357$14M1.2%2026-Q1
Trexquant Investment LP added318,969$13M1.1%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new297,028$12M1.0%2026-Q1
RENAISSANCE TECHNOLOGIES LLC trimmed293,178$12M1.0%2026-Q1
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. trimmed252,150$10M0.9%2026-Q1
JANE STREET GROUP, LLC added243,438$10M0.8%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed239,261$10M0.8%2026-Q1
NORTHERN TRUST CORP added235,572$10M0.8%2026-Q1
Uniplan Investment Counsel, Inc. trimmed225,681$9M0.8%2026-Q1
AUXIER ASSET MANAGEMENT LLC trimmed216,406$9M0.8%2026-Q1
VANGUARD FIDUCIARY TRUST CO new203,254$8M0.7%2026-Q1
Manatuck Hill Partners, LLC added192,973$8M0.7%2026-Q1
OBERWEIS ASSET MANAGEMENT INC/ trimmed188,447$8M0.7%2026-Q1
Pullen Investment Management, LLC added187,905$8M0.7%2026-Q1
Connor, Clark & Lunn Investment Management Ltd. trimmed185,642$8M0.6%2026-Q1
HRT FINANCIAL LP added178,395$7M0.6%2026-Q1
Legato Capital Management LLC added173,558$7M0.6%2026-Q1
CITADEL ADVISORS LLC added170,207$7M0.6%2026-Q1
GOLDMAN SACHS GROUP INC added169,024$7M0.6%2026-Q1
North Star Investment Management Corp. added168,275$7M0.6%2026-Q1
ACADIAN ASSET MANAGEMENT LLC added163,688$7M0.6%2026-Q1
MORGAN STANLEY added161,742$7M0.6%2026-Q1
MILLENNIUM MANAGEMENT LLC trimmed161,582$7M0.6%2026-Q1
Harvest Investment Services, LLC added155,669$6M0.5%2026-Q1
Journey Advisory Group, LLC trimmed155,343$6M0.5%2026-Q1
SEI INVESTMENTS CO added152,537$6M0.5%2026-Q1
CASTLEARK MANAGEMENT LLC new150,610$6M0.5%2026-Q1
LONESTAR CAPITAL MANAGEMENT LLC trimmed150,000$6M0.5%2026-Q1
Invesco Ltd. trimmed142,705$6M0.5%2026-Q1
Praetorian PR LLC new141,000$6M0.5%2026-Q1
Private Advisor Group, LLC added126,527$5M0.4%2026-Q1
NEW YORK STATE COMMON RETIREMENT FUND added117,154$5M0.4%2026-Q1
Informed Momentum Co LLC trimmed112,127$5M0.4%2026-Q1
Militia Capital Management LLC new110,731$5M0.4%2026-Q1
RICE HALL JAMES & ASSOCIATES, LLC110,087$4M0.4%2026-Q1
PRELUDE CAPITAL MANAGEMENT, LLC trimmed108,679$4M0.4%2026-Q1
Jump Financial, LLC added106,251$4M0.4%2026-Q1
TUDOR INVESTMENT CORP ET AL added82,964$3M0.3%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed77,911$3M0.3%2026-Q1
JPMORGAN CHASE & CO added78,308$3M0.3%2026-Q1
Bank of New York Mellon Corp trimmed75,020$3M0.3%2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed72,182$3M0.3%2026-Q1
Y-Intercept (Hong Kong) Ltd new72,158$3M0.3%2026-Q1
Squarepoint Ops LLC added64,539$3M0.2%2026-Q1
BOOTHBAY FUND MANAGEMENT, LLC trimmed61,450$2M0.2%2026-Q1
MYDA Advisors LLC trimmed60,000$2M0.2%2026-Q1
Dauntless Investment Group, LLC added59,439$2M0.2%2026-Q1
Mariner, LLC trimmed58,989$2M0.2%2026-Q1
Nuveen, LLC trimmed58,218$2M0.2%2026-Q1
Engineers Gate Manager LP added56,533$2M0.2%2026-Q1
Huntleigh Advisors, Inc. new52,744$2M0.2%2026-Q1
Verition Fund Management LLC added51,244$2M0.2%2026-Q1
Qube Research & Technologies Ltd added45,279$2M0.2%2026-Q1
RHUMBLINE ADVISERS added45,137$2M0.2%2026-Q1
PANAGORA ASSET MANAGEMENT INC added44,465$2M0.2%2026-Q1
Darwins River Capital, LP new42,251$2M0.1%2026-Q1
BAILARD, INC.42,071$2M0.1%2026-Q1
Concentric Capital Strategies, LP new38,653$2M0.1%2026-Q1
AQR CAPITAL MANAGEMENT LLC added36,854$1M0.1%2026-Q1
UBS Group AG trimmed33,538$1M0.1%2026-Q1
ROYAL BANK OF CANADA added33,502$1M0.1%2026-Q1
Universal- Beteiligungs- und Servicegesellschaft mbH new33,284$1M0.1%2026-Q1
ALGERT GLOBAL LLC added32,780$1M0.1%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP added31,545$1M0.1%2026-Q1
SG Capital Management LLC trimmed31,478$1M0.1%2026-Q1
ExodusPoint Capital Management, LP added30,265$1M0.1%2026-Q1
Steadtrust LLC trimmed28,540$1M0.1%2026-Q1
VANGUARD GROUP INC trimmed1,501,956$36M3.1%2025-Q4 stale
CANNELL CAPITAL LLC added576,505$14M1.2%2025-Q3 stale
Pacific Ridge Capital Partners, LLC trimmed303,558$7M0.6%2025-Q4 stale
4D Advisors, LLC new185,000$4M0.4%2025-Q4 stale
G2 Investment Partners Management LLC added135,670$2M0.2%2025-Q1 stale
AMH Equity Ltd75,000$2M0.2%2025-Q3 stale
Militia Capital Partners, LP added62,958$2M0.1%2025-Q4 stale
MACKENZIE FINANCIAL CORP trimmed59,666$1M0.1%2025-Q2 stale
Calamos Advisors LLC trimmed55,357$1M0.1%2025-Q3 stale

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership