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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Bain Capital Prairie, LLC | 18,759,497 | $666M | 11.0% | 2026-Q1 |
| BlackRock, Inc. trimmed | 14,396,525 | $511M | 8.4% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 10,409,654 | $370M | 6.1% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 8,270,901 | $294M | 4.8% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 7,755,506 | $275M | 4.5% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 5,881,332 | $210M | 3.5% | 2026-Q1 |
| STATE STREET CORP trimmed | 5,891,295 | $209M | 3.4% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 4,427,949 | $157M | 2.6% | 2026-Q1 |
| JENNISON ASSOCIATES LLC added | 3,823,152 | $136M | 2.2% | 2026-Q1 |
| MORGAN STANLEY trimmed | 3,692,842 | $131M | 2.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 3,159,019 | $112M | 1.8% | 2026-Q1 |
| LSV ASSET MANAGEMENT trimmed | 2,560,096 | $91M | 1.5% | 2026-Q1 |
| NORGES BANK added | 2,526,630 | $91M | 1.5% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 2,280,576 | $81M | 1.3% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,135,814 | $76M | 1.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 2,128,355 | $76M | 1.2% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 2,085,619 | $74M | 1.2% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 1,852,532 | $66M | 1.1% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD added | 1,796,671 | $64M | 1.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,785,407 | $63M | 1.0% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,778,894 | $63M | 1.0% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 1,499,854 | $53M | 0.9% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 1,465,981 | $52M | 0.9% | 2026-Q1 |
| UBS Group AG trimmed | 1,454,657 | $52M | 0.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,428,845 | $51M | 0.8% | 2026-Q1 |
| Invesco Ltd. trimmed | 1,359,792 | $48M | 0.8% | 2026-Q1 |
| ALGEBRIS (UK) LTD added | 1,361,885 | $48M | 0.8% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 1,198,141 | $43M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 1,067,314 | $38M | 0.6% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 915,386 | $32M | 0.5% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 769,829 | $27M | 0.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 708,814 | $25M | 0.4% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 683,040 | $24M | 0.4% | 2026-Q1 |
| LPL Financial LLC added | 661,974 | $24M | 0.4% | 2026-Q1 |
| Alyeska Investment Group, L.P. added | 641,796 | $23M | 0.4% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 612,706 | $22M | 0.4% | 2026-Q1 |
| Public Sector Pension Investment Board added | 604,750 | $21M | 0.4% | 2026-Q1 |
| HRT FINANCIAL LP added | 592,147 | $21M | 0.3% | 2026-Q1 |
| Advisors Capital Management, LLC added | 585,165 | $21M | 0.3% | 2026-Q1 |
| Quantinno Capital Management LP added | 583,257 | $21M | 0.3% | 2026-Q1 |
| Miller Value Partners, LLC added | 570,690 | $20M | 0.3% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 557,620 | $20M | 0.3% | 2026-Q1 |
| Jain Global LLC added | 548,788 | $19M | 0.3% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 542,220 | $19M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 535,731 | $19M | 0.3% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 530,251 | $19M | 0.3% | 2026-Q1 |
| SEI INVESTMENTS CO added | 522,832 | $19M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 506,218 | $18M | 0.3% | 2026-Q1 |
| Hudson Bay Capital Management LP added | 487,155 | $17M | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 480,603 | $17M | 0.3% | 2026-Q1 |
| MetLife Investment Management, LLC added | 465,647 | $17M | 0.3% | 2026-Q1 |
| Interval Partners, LP trimmed | 448,638 | $16M | 0.3% | 2026-Q1 |
| Legal & General Group Plc trimmed | 437,112 | $16M | 0.3% | 2026-Q1 |
| Man Group plc added | 431,487 | $15M | 0.3% | 2026-Q1 |
| First Eagle Investment Management, LLC added | 428,310 | $15M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 407,976 | $14M | 0.2% | 2026-Q1 |
| Cander Asset Management LP new | 392,881 | $14M | 0.2% | 2026-Q1 |
| CSM Advisors, LLC trimmed | 372,851 | $13M | 0.2% | 2026-Q1 |
| Focus Partners Wealth added | 366,763 | $13M | 0.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 362,521 | $13M | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 341,264 | $12M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 338,200 | $12M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 332,120 | $12M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 262,135 | $12M | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 299,412 | $11M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 285,249 | $10M | 0.2% | 2026-Q1 |
| Philadelphia Financial Management of San Francisco, LLC added | 285,000 | $10M | 0.2% | 2026-Q1 |
| Freestone Grove Partners LP trimmed | 275,629 | $10M | 0.2% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added | 261,751 | $9M | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 261,053 | $9M | 0.2% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC added | 253,555 | $9M | 0.1% | 2026-Q1 |
| Illinois Municipal Retirement Fund added | 236,312 | $8M | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 242,165 | $8M | 0.1% | 2026-Q1 |
| Bridgewater Associates, LP trimmed | 225,339 | $8M | 0.1% | 2026-Q1 |
| &PARTNERS added | 222,848 | $8M | 0.1% | 2026-Q1 |
| Cordgrass Capital Advisors, LLC added | 219,577 | $8M | 0.1% | 2026-Q1 |
| Jump Financial, LLC added | 213,700 | $8M | 0.1% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 213,491 | $8M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed | 208,696 | $7M | 0.1% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 207,800 | $7M | 0.1% | 2026-Q1 |
| BESSEMER GROUP INC added | 203,973 | $7M | 0.1% | 2026-Q1 |
| Allianz Asset Management GmbH trimmed | 200,801 | $7M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 198,336 | $7M | 0.1% | 2026-Q1 |
| Access Investment Management LLC | 196,500 | $7M | 0.1% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 191,669 | $7M | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 190,592 | $7M | 0.1% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC trimmed | 186,556 | $7M | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 182,420 | $6M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 19,455,469 | $866M | 14.3% | 2025-Q4 stale |
| HENNESSY ADVISORS INC trimmed | 1,402,000 | $49M | 0.8% | 2025-Q2 stale |
| Arbejdsmarkedets Tillaegspension new | 539,276 | $24M | 0.4% | 2025-Q4 stale |
| MACKENZIE FINANCIAL CORP added | 533,823 | $24M | 0.4% | 2025-Q4 stale |
| Gillson Capital LP added | 306,080 | $14M | 0.2% | 2025-Q4 stale |
| CHURCHILL MANAGEMENT Corp added | 300,271 | $10M | 0.2% | 2025-Q2 stale |
| Oxbow Advisors, LLC added | 231,208 | $10M | 0.2% | 2025-Q4 stale |
| Cyndeo Wealth Partners, LLC added | 224,376 | $10M | 0.2% | 2025-Q4 stale |
| AXA Investment Managers S.A. new | 207,029 | $8M | 0.1% | 2025-Q3 stale |
| Cubist Systematic Strategies, LLC added | 197,282 | $8M | 0.1% | 2025-Q3 stale |
| AXA S.A. added | 221,403 | $8M | 0.1% | 2025-Q2 stale |
| CW Advisors, LLC added | 199,783 | $7M | 0.1% | 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.
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.