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Institutional Ownership · SEC Form 13F

Who owns LNC (LNC)


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

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

609
Institutional holders
154,824,768
Shares held (tracked funds)
81.5%
Of shares outstanding

How the tape is positioned

75 tracked funds added or opened LNC while 213 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

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

LNC’s largest tracked holder by dollar value, VANGUARD GROUP 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 LNC more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in LNC 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 609 tracked filers holding LNC, 309 increased or opened the position and 293 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.

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 LNC 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 34

  • VANGUARD PORTFOLIO MANAGEMENT LLC$370M
  • VANGUARD CAPITAL MANAGEMENT LLC$294M
  • VANGUARD FIDUCIARY TRUST CO$38M
  • Caisse de depot et placement du Quebec$19M
  • Cander Asset Management LP$14M
  • Philadelphia Financial Management of San Francisco, LLC$10M

Full exits 38

  • VANGUARD GROUP INC$866M
  • Arbejdsmarkedets Tillaegspension$24M
  • MACKENZIE FINANCIAL CORP$24M
  • Gillson Capital LP$14M
  • Oxbow Advisors, LLC$10M
  • Cyndeo Wealth Partners, LLC$10M

Largest adds

  • JUPITER ASSET MANAGEMENT LTD$32M
  • ALGEBRIS (UK) LTD$22M
  • D. E. Shaw & Co., Inc.$21M
  • ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$19M
  • CITADEL ADVISORS LLC$19M
  • VICTORY CAPITAL MANAGEMENT INC$16M

Largest trims

  • BlackRock, Inc.$315M
  • Bain Capital Prairie, LLC$169M
  • FIRST TRUST ADVISORS LP$137M
  • PRICE T ROWE ASSOCIATES INC /MD/$75M
  • STATE STREET CORP$53M
  • MASSACHUSETTS FINANCIAL SERVICES CO /MA/$52M

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
Bain Capital Prairie, LLC18,759,497$666M11.0%2026-Q1
BlackRock, Inc. trimmed14,396,525$511M8.4%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new10,409,654$370M6.1%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new8,270,901$294M4.8%2026-Q1
DIMENSIONAL FUND ADVISORS LP added7,755,506$275M4.5%2026-Q1
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed5,881,332$210M3.5%2026-Q1
STATE STREET CORP trimmed5,891,295$209M3.4%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ trimmed4,427,949$157M2.6%2026-Q1
JENNISON ASSOCIATES LLC added3,823,152$136M2.2%2026-Q1
MORGAN STANLEY trimmed3,692,842$131M2.2%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added3,159,019$112M1.8%2026-Q1
LSV ASSET MANAGEMENT trimmed2,560,096$91M1.5%2026-Q1
NORGES BANK added2,526,630$91M1.5%2026-Q1
PRINCIPAL FINANCIAL GROUP INC trimmed2,280,576$81M1.3%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added2,135,814$76M1.2%2026-Q1
FIRST TRUST ADVISORS LP trimmed2,128,355$76M1.2%2026-Q1
BALYASNY ASSET MANAGEMENT L.P. added2,085,619$74M1.2%2026-Q1
NORTHERN TRUST CORP trimmed1,852,532$66M1.1%2026-Q1
JUPITER ASSET MANAGEMENT LTD added1,796,671$64M1.1%2026-Q1
GOLDMAN SACHS GROUP INC added1,785,407$63M1.0%2026-Q1
Bank of New York Mellon Corp trimmed1,778,894$63M1.0%2026-Q1
HSBC HOLDINGS PLC added1,499,854$53M0.9%2026-Q1
VICTORY CAPITAL MANAGEMENT INC added1,465,981$52M0.9%2026-Q1
UBS Group AG trimmed1,454,657$52M0.9%2026-Q1
BANK OF AMERICA CORP /DE/ added1,428,845$51M0.8%2026-Q1
Invesco Ltd. trimmed1,359,792$48M0.8%2026-Q1
ALGEBRIS (UK) LTD added1,361,885$48M0.8%2026-Q1
MILLENNIUM MANAGEMENT LLC added1,198,141$43M0.7%2026-Q1
VANGUARD FIDUCIARY TRUST CO new1,067,314$38M0.6%2026-Q1
AQR CAPITAL MANAGEMENT LLC trimmed915,386$32M0.5%2026-Q1
CITADEL ADVISORS LLC added769,829$27M0.5%2026-Q1
WELLS FARGO & COMPANY/MN trimmed708,814$25M0.4%2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added683,040$24M0.4%2026-Q1
LPL Financial LLC added661,974$24M0.4%2026-Q1
Alyeska Investment Group, L.P. added641,796$23M0.4%2026-Q1
D. E. Shaw & Co., Inc. added612,706$22M0.4%2026-Q1
Public Sector Pension Investment Board added604,750$21M0.4%2026-Q1
HRT FINANCIAL LP added592,147$21M0.3%2026-Q1
Advisors Capital Management, LLC added585,165$21M0.3%2026-Q1
Quantinno Capital Management LP added583,257$21M0.3%2026-Q1
Miller Value Partners, LLC added570,690$20M0.3%2026-Q1
AMERICAN CENTURY COMPANIES INC added557,620$20M0.3%2026-Q1
Jain Global LLC added548,788$19M0.3%2026-Q1
Allspring Global Investments Holdings, LLC added542,220$19M0.3%2026-Q1
AMERIPRISE FINANCIAL INC trimmed535,731$19M0.3%2026-Q1
Caisse de depot et placement du Quebec added530,251$19M0.3%2026-Q1
SEI INVESTMENTS CO added522,832$19M0.3%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added506,218$18M0.3%2026-Q1
Hudson Bay Capital Management LP added487,155$17M0.3%2026-Q1
JANE STREET GROUP, LLC added480,603$17M0.3%2026-Q1
MetLife Investment Management, LLC added465,647$17M0.3%2026-Q1
Interval Partners, LP trimmed448,638$16M0.3%2026-Q1
Legal & General Group Plc trimmed437,112$16M0.3%2026-Q1
Man Group plc added431,487$15M0.3%2026-Q1
First Eagle Investment Management, LLC added428,310$15M0.3%2026-Q1
RHUMBLINE ADVISERS added407,976$14M0.2%2026-Q1
Cander Asset Management LP new392,881$14M0.2%2026-Q1
CSM Advisors, LLC trimmed372,851$13M0.2%2026-Q1
Focus Partners Wealth added366,763$13M0.2%2026-Q1
RAYMOND JAMES FINANCIAL INC added362,521$13M0.2%2026-Q1
Nuveen, LLC added341,264$12M0.2%2026-Q1
Swiss National Bank added338,200$12M0.2%2026-Q1
California Public Employees Retirement System added332,120$12M0.2%2026-Q1
ALLIANCEBERNSTEIN L.P. added262,135$12M0.2%2026-Q1
Janney Montgomery Scott LLC added299,412$11M0.2%2026-Q1
STIFEL FINANCIAL CORP trimmed285,249$10M0.2%2026-Q1
Philadelphia Financial Management of San Francisco, LLC added285,000$10M0.2%2026-Q1
Freestone Grove Partners LP trimmed275,629$10M0.2%2026-Q1
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added261,751$9M0.2%2026-Q1
ROYAL BANK OF CANADA trimmed261,053$9M0.2%2026-Q1
Schonfeld Strategic Advisors LLC added253,555$9M0.1%2026-Q1
Illinois Municipal Retirement Fund added236,312$8M0.1%2026-Q1
JPMORGAN CHASE & CO added242,165$8M0.1%2026-Q1
Bridgewater Associates, LP trimmed225,339$8M0.1%2026-Q1
&PARTNERS added222,848$8M0.1%2026-Q1
Cordgrass Capital Advisors, LLC added219,577$8M0.1%2026-Q1
Jump Financial, LLC added213,700$8M0.1%2026-Q1
TWO SIGMA INVESTMENTS, LP added213,491$8M0.1%2026-Q1
BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed208,696$7M0.1%2026-Q1
Point72 Asset Management, L.P. added207,800$7M0.1%2026-Q1
BESSEMER GROUP INC added203,973$7M0.1%2026-Q1
Allianz Asset Management GmbH trimmed200,801$7M0.1%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added198,336$7M0.1%2026-Q1
Access Investment Management LLC196,500$7M0.1%2026-Q1
NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed191,669$7M0.1%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC added190,592$7M0.1%2026-Q1
PRUDENTIAL FINANCIAL INC trimmed186,556$7M0.1%2026-Q1
OSAIC HOLDINGS, INC. trimmed182,420$6M0.1%2026-Q1
VANGUARD GROUP INC trimmed19,455,469$866M14.3%2025-Q4 stale
HENNESSY ADVISORS INC trimmed1,402,000$49M0.8%2025-Q2 stale
Arbejdsmarkedets Tillaegspension new539,276$24M0.4%2025-Q4 stale
MACKENZIE FINANCIAL CORP added533,823$24M0.4%2025-Q4 stale
Gillson Capital LP added306,080$14M0.2%2025-Q4 stale
CHURCHILL MANAGEMENT Corp added300,271$10M0.2%2025-Q2 stale
Oxbow Advisors, LLC added231,208$10M0.2%2025-Q4 stale
Cyndeo Wealth Partners, LLC added224,376$10M0.2%2025-Q4 stale
AXA Investment Managers S.A. new207,029$8M0.1%2025-Q3 stale
Cubist Systematic Strategies, LLC added197,282$8M0.1%2025-Q3 stale
AXA S.A. added221,403$8M0.1%2025-Q2 stale
CW Advisors, LLC added199,783$7M0.1%2025-Q2 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