DaveManuel.com · Institutional Ownership · Who Owns It
LINCOLN NATL CORP IND (LNC)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
630
Reporting holders
$6.0B
Reported value
86.1%
Of shares outstanding
1.3%
Calls
1.5%
Puts
+8
Holder change
Institutions report 164,750,247 shares against 191,447,336 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. A figure this high can overstate: where an adviser and a sub-adviser both report the same shares, both are counted.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| Bain Capital Prairie, LLC | $663.1M | 18,759,497 | 100.00% | 3q | HELD |
| BlackRock, Inc. | $656.2M | 18,561,962 | 0.01% | 8q | HELD |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $368.6M | 10,427,206 | 0.02% | 2q | HELD |
| DIMENSIONAL FUND ADVISORS LP | $303.0M | 8,571,956 | 0.05% | 31q | +10.5%+$28.9M |
| VANGUARD CAPITAL MANAGEMENT LLC | $295.1M | 8,347,042 | 0.01% | 2q | +0.9%+$2.7M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $226.6M | 6,373,067 | 0.07% | 9q | +8.4%+$17.5M |
| STATE STREET CORP | $215.9M | 6,106,302 | 0.01% | 31q | +3.6%+$7.6M |
| PRICE T ROWE ASSOCIATES INC /MD/ | $176.5M | 4,993,803 | 0.02% | 31q | +12.8%+$20.0M |
| JENNISON ASSOCIATES LLC | $133.4M | 3,772,433 | 0.08% | 5q | -1.3%-$1.8M |
| MORGAN STANLEY | $128.4M | 3,632,194 | 0.01% | 35q | -1.6%-$2.1M |
| GEODE CAPITAL MANAGEMENT, LLC | $112.9M | 3,193,783 | 0.01% | 31q | +1.1%+$1.2M |
| LSV ASSET MANAGEMENT | $89.8M | 2,540,296 | 0.16% | 31q | -0.8%-$699.9K |
| NORGES BANK | $81.0M | 2,290,874 | 0.01% | 32q | +0.9%+$713.2K |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $77.5M | 2,193,476 | 0.01% | 31q | +2.7%+$2.0M |
| PRINCIPAL FINANCIAL GROUP INC | $75.6M | 2,138,603 | 0.04% | 31q | -6.2%-$5.0M |
| GOLDMAN SACHS GROUP INC | $74.5M | 2,107,181 | 0.01% | 31q | +18.0%+$11.4M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $68.0M | 1,922,320 | 0.03% | 12q | +181.4%+$43.8M |
| NORTHERN TRUST CORP | $67.0M | 1,896,611 | 0.01% | 31q | +2.4%+$1.6M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $67.0M incl. $62.4M options CALL+PUT | 130,791 | 0.01% | 31q | +105.5%+$34.4M |
| CITADEL ADVISORS LLC | $66.4M incl. $32.2M options CALL+PUT | 968,858 | 0.01% | 31q | +25.9%+$13.6M |
| JUPITER ASSET MANAGEMENT LTD | $66.1M | 1,869,735 | 0.33% | 3q | +4.1%+$2.6M |
| Bank of New York Mellon Corp | $63.1M | 1,785,335 | 0.01% | 31q | HELD |
| Invesco Ltd. | $56.6M | 1,600,963 | 0.00% | 31q | +3.9%+$2.1M |
| BANK OF AMERICA CORP /DE/ | $56.3M | 1,592,814 | 0.00% | 31q | +11.5%+$5.8M |
| VICTORY CAPITAL MANAGEMENT INC | $52.7M | 1,490,976 | 0.03% | 31q | +1.7%+$883.6K |
| HSBC HOLDINGS PLC | $52.7M | 1,492,506 | 0.02% | 31q | HELD |
| FIRST TRUST ADVISORS LP | $51.0M | 1,441,914 | 0.03% | 13q | -32.3%-$24.3M |
| AMERICAN CENTURY COMPANIES INC | $50.4M | 1,425,959 | 0.02% | 23q | +155.7%+$30.7M |
| AQR CAPITAL MANAGEMENT LLC | $49.8M | 1,409,411 | 0.02% | 31q | +52.0%+$17.0M |
| Balyasny Asset Management L.P. | $48.9M | 1,383,992 | 0.06% | 10q | -33.6%-$24.8M |
| D. E. Shaw & Co., Inc. | $48.6M incl. $3.0M options CALL+PUT | 1,290,765 | 0.02% | 27q | +110.7%+$25.6M |
| ALGEBRIS (UK) LTD | $44.8M | 1,271,655 | 2.95% | 11q | -6.6%-$3.2M |
| UBS Group AG | $43.9M incl. $1.8M options CALL+PUT | 1,191,689 | 0.01% | 31q | -18.1%-$9.7M |
| JANE STREET GROUP, LLC | $39.7M incl. $16.2M options CALL+PUT | 662,900 | 0.00% | 31q | +37.9%+$10.9M |
| VANGUARD FIDUCIARY TRUST CO | $38.6M | 1,092,249 | 0.01% | 2q | +2.3%+$881.5K |
| WELLS FARGO & COMPANY/MN | $28.9M | 817,235 | 0.00% | 31q | +15.3%+$3.8M |
| Allspring Global Investments Holdings, LLC | $27.7M | 765,306 | 0.04% | 19q | +41.1%+$8.1M |
| HRT FINANCIAL LP | $27.5M incl. $5.0M options OPT | 779,226 | 0.05% | 5q | +19.5%+$4.5M |
| Caisse de depot et placement du Quebec | $26.1M | 739,692 | 0.04% | 2q | +39.5%+$7.4M |
| Quantinno Capital Management LP | $25.9M | 733,102 | 0.03% | 13q | +25.7%+$5.3M |
| Jain Global LLC | $25.3M | 715,201 | 0.10% | 3q | +30.3%+$5.9M |
| Gotham Asset Management, LLC | $25.0M | 707,709 | 0.06% | 9q | +405.1%+$20.1M |
| TWO SIGMA INVESTMENTS, LP | $24.7M | 699,624 | 0.02% | 31q | +227.7%+$17.2M |
| First Eagle Investment Management, LLC | $24.7M | 697,500 | 0.02% | 11q | +62.8%+$9.5M |
| Hudson Bay Capital Management LP | $24.5M | 694,014 | 0.07% | 4q | +42.5%+$7.3M |
| MILLENNIUM MANAGEMENT LLC | $22.7M incl. $3.9M options CALL+PUT | 531,839 | 0.01% | 31q | -55.6%-$28.5M |
| Interval Partners, LP | $22.3M incl. $767.1K options CALL | 608,421 | 0.57% | 10q | +35.6%+$5.8M |
| Advisors Capital Management, LLC | $21.9M | 619,920 | 0.23% | 31q | +5.9%+$1.2M |
| AMERIPRISE FINANCIAL INC | $21.9M | 618,888 | 0.00% | 31q | +15.5%+$2.9M |
| Cander Asset Management LP | $21.8M | 617,639 | 4.04% | 2q | +57.2%+$7.9M |
| Miller Value Partners, LLC | $21.3M | 603,160 | 5.04% | 10q | +5.7%+$1.1M |
| Public Sector Pension Investment Board | $20.7M | 584,697 | 0.05% | 31q | -3.3%-$708.9K |
| LPL Financial LLC | $19.9M incl. $1.0M options PUT | 535,275 | 0.00% | 31q | -19.1%-$4.7M |
| SEI INVESTMENTS CO | $19.8M | 560,828 | 0.02% | 31q | +7.3%+$1.3M |
| ROYAL BANK OF CANADA | $18.7M | 530,302 | 0.00% | 31q | +103.1%+$9.5M |
| MetLife Investment Management, LLC | $18.0M | 510,426 | 0.08% | 32q | +9.6%+$1.6M |
| Schonfeld Strategic Advisors LLC | $17.7M | 501,786 | 0.06% | 17q | +97.9%+$8.8M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $16.0M | 451,306 | 0.00% | 31q | -10.8%-$1.9M |
| Legal & General Group Plc | $15.4M | 436,731 | 0.00% | 31q | HELD |
| Squarepoint Ops LLC | $13.8M incl. $3.6M options CALL+PUT | 288,804 | 0.02% | 20q | +132.7%+$7.9M |
| Focus Partners Wealth | $13.7M | 387,962 | 0.01% | 7q | +5.8%+$749.4K |
| Prana Capital Management, LP | $13.1M | 371,356 | 0.40% | 2q | +408.0%+$10.5M |
| Fideuram Asset Management (Ireland) dac | $12.8M | 366,956 | 0.24% | 3q | +3226.9%+$12.5M |
| RAYMOND JAMES FINANCIAL INC | $12.7M | 360,215 | 0.00% | 7q | -0.6%-$81.5K |
| STIFEL FINANCIAL CORP | $12.3M | 348,956 | 0.01% | 31q | +22.3%+$2.3M |
| RHUMBLINE ADVISERS | $12.2M | 344,983 | 0.01% | 31q | -15.4%-$2.2M |
| Swiss National Bank | $12.1M | 343,300 | 0.01% | 31q | +1.5%+$180.3K |
| IMC-Chicago, LLC | $11.1M CALL+PUT | options only | 0.00% | 15q | OPTIONS |
| &PARTNERS | $10.9M | 309,681 | 0.04% | 3q | +39.0%+$3.1M |
| Man Group plc | $10.6M | 300,616 | 0.02% | 31q | -30.3%-$4.6M |
| California Public Employees Retirement System | $10.5M | 297,518 | 0.01% | 31q | -10.4%-$1.2M |
| Jump Financial, LLC | $10.2M | 287,634 | 0.08% | 16q | +34.6%+$2.6M |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $10.2M | 287,481 | 0.03% | 12q | +9.8%+$909.6K |
| CITIGROUP INC | $9.8M incl. $3.5M options CALL+PUT | 176,956 | 0.00% | 31q | +0.6%+$56.4K |
| BESSEMER GROUP INC | $9.6M | 271,783 | 0.01% | 31q | +33.2%+$2.4M |
| Allianz Asset Management GmbH | $9.4M | 265,733 | 0.01% | 12q | +32.3%+$2.3M |
| Nuveen, LLC | $8.9M | 252,980 | 0.00% | 6q | -25.9%-$3.1M |
| OSAIC HOLDINGS, INC. | $8.0M | 227,292 | 0.01% | 26q | +24.6%+$1.6M |
| Cordgrass Capital Advisors, LLC | $7.8M | 219,565 | 2.89% | 19q | HELD |
| Cambridge Investment Research Advisors, Inc. | $7.4M | 208,418 | 0.01% | 31q | +111.1%+$3.9M |
| ALLIANCEBERNSTEIN L.P. | $7.1M | 198,827 | 0.00% | 31q | -24.2%-$2.2M |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $7.0M | 198,619 | 0.01% | 31q | HELD |
| Access Investment Management LLC | $6.9M | 196,500 | 1.78% | 10q | HELD |
| Parallax Volatility Advisers, L.P. | $6.9M incl. $6.2M options PUT | 19,179 | 0.01% | 8q | +49.9%+$2.3M |
| JPMORGAN CHASE & CO | $6.7M | 176,096 | 0.00% | 31q | -27.3%-$2.5M |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | $6.7M | 189,805 | 0.01% | 31q | -1.0%-$65.9K |
| Illinois Municipal Retirement Fund | $6.6M | 187,470 | 0.07% | 10q | -20.7%-$1.7M |
| COMMONWEALTH EQUITY SERVICES, LLC | $6.5M | 183,409 | 0.01% | 31q | -3.8%-$253.9K |
| Janney Montgomery Scott LLC | $6.1M | 172,672 | 0.01% | 31q | -42.3%-$4.5M |
| CAPITAL FUND MANAGEMENT S.A. | $6.0M incl. $940.3K options CALL+PUT | 143,420 | 0.03% | 17q | +87.3%+$2.8M |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $5.8M | 163,271 | 0.01% | 31q | +13.7%+$697.1K |
| VANGUARD ASSET MANAGEMENT, Ltd | $5.7M | 161,688 | 0.00% | 2q | +6.2%+$331.2K |
| Bridgewater Associates, LP | $5.7M | 160,168 | 0.02% | 9q | -28.9%-$2.3M |
| Entropy Technologies, LP | $5.6M | 159,739 | 0.22% | 2q | +181.9%+$3.6M |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $5.6M | 158,004 | 0.11% | 9q | +557.5%+$4.7M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $5.6M | 157,934 | 0.01% | 7q | -5.8%-$341.1K |
| PRUDENTIAL FINANCIAL INC | $5.5M | 155,491 | 0.01% | 33q | -16.7%-$1.1M |
| SIMPLEX TRADING, LLC | $5.5M incl. $4.9M options CALL+PUT | 16,736 | 0.00% | 31q | -57.3%-$7.3M |
| FMR LLC | $5.4M | 153,581 | 0.00% | 31q | -4.3%-$242.0K |
| Robeco Institutional Asset Management B.V. | $5.4M | 153,437 | 0.01% | 9q | -1.7%-$93.1K |
Showing the largest 100 of 630 reported holders.
Tender offers and delisting
Schedules TO, 13E-3 and 14D-9 and Form 25 filed in the last 180 days. Price a share is read from the filing itself where it states one plainly; a marker means we found no figure we could stand behind, and the reason is on it.
| Filed | What | Filed by | Price a share | Source |
|---|---|---|---|---|
| 2026-09-09 | Issuer tender, amended | itself | -? | filing |
| 2026-08-10 | Issuer tender offer | itself | - | filing |
What the company announced
Form 8-K filings from the last 120 days, showing only the items worth a reader's attention. Earnings releases, exhibit attachments and general disclosures are filed constantly and are left out. Filed is when the SEC received it; event is the date the company says the thing happened.
| Filed | Event date | What | Source |
|---|---|---|---|
| 2026-08-10 | 2026-08-06 | Directors or officers departed or appointed | filing |
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-05 | Beazer CraigT T | EVP & General Counsel | Sold | 30,000 | $1.0M |
| 2026-06-01 | Woodroffe Sean | EVP, Ch Ppl Comms Ent Srvc Off | Sold | 25,000 | $868.8K |
| 2026-08-17 | Woodroffe Sean | EVP, Ch Ppl Comms Ent Srvc Off | Sold | 11,000 | $498.1K |
| 2026-08-12 | KELLY GARY C | Director | Sold | 15,007 | $397.7K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 183 | $128.6M | 3,221,923 | 27 | 61 | 30 | 0.0% |
| Q2 2026 | 630 | $6.0B | 164,750,247 | 79 | 225 | 167 | 2.9% |
| Q1 2026 | 622 | $5.8B | 156,691,779 | 76 | 206 | 175 | 3.5% |
| Q4 2025 | 634 | $7.3B | 159,400,248 | 69 | 188 | 174 | 3.3% |
| Q3 2025 | 611 | $5.7B | 134,504,681 | 86 | 176 | 187 | 4.3% |
| Q2 2025 | 576 | $4.8B | 134,084,289 | 64 | 185 | 172 | 3.5% |
| Q1 2025 | 575 | $4.8B | 128,966,015 | 69 | 188 | 169 | 3.6% |
| Q4 2024 | 561 | $4.3B | 126,277,965 | 53 | 142 | 189 | 6.3% |
| Q3 2024 | 536 | $4.2B | 125,968,701 | 47 | 172 | 179 | 6.6% |
| Q2 2024 | 540 | $4.2B | 126,769,806 | 76 | 167 | 170 | 6.1% |
| Q1 2024 | 512 | $4.5B | 133,444,105 | 62 | 149 | 162 | 6.4% |
| Q4 2023 | 513 | $3.8B | 128,426,097 | 70 | 139 | 186 | 8.4% |
| Q3 2023 | 485 | $3.4B | 125,951,258 | 55 | 158 | 152 | 8.8% |
| Q2 2023 | 504 | $3.4B | 124,000,037 | 72 | 178 | 163 | 6.7% |
| Q1 2023 | 495 | $3.1B | 130,357,984 | 55 | 176 | 172 | 6.2% |
| Q4 2022 | 577 | $4.4B | 137,729,897 | 65 | 176 | 219 | 3.5% |
| Q3 2022 | 601 | $12.6B | 281,838,363 | 47 | 209 | 205 | 1.4% |
| Q2 2022 | 618 | $12.9B | 271,881,339 | 66 | 203 | 205 | 1.3% |
| Q1 2022 | 645 | $16.9B | 254,190,454 | 49 | 188 | 231 | 1.0% |
| Q4 2021 | 668 | $13.2B | 190,428,861 | 62 | 166 | 229 | 1.6% |
| Q3 2021 | 632 | $15.0B | 214,054,942 | 58 | 177 | 214 | 1.9% |
| Q2 2021 | 620 | $14.3B | 224,359,364 | 44 | 185 | 226 | 1.7% |
| Q1 2021 | 623 | $16.0B | 255,488,144 | 73 | 181 | 212 | 1.5% |
| Q4 2020 | 617 | $12.7B | 246,997,646 | 119 | 157 | 217 | 1.4% |
| Q3 2020 | 534 | $8.3B | 261,933,058 | 54 | 158 | 202 | 1.0% |
| Q2 2020 | 557 | $9.9B | 267,132,574 | 93 | 156 | 210 | 1.0% |
| Q1 2020 | 515 | $8.7B | 329,840,937 | 52 | 180 | 198 | 0.5% |
| Q4 2019 | 612 | $18.3B | 307,697,097 | 45 | 168 | 209 | 0.7% |
| Q3 2019 | 626 | $19.6B | 323,021,584 | 54 | 189 | 227 | 0.7% |
| Q2 2019 | 659 | $23.8B | 368,663,266 | 70 | 202 | 220 | 0.5% |
| Q1 2019 | 652 | $23.7B | 403,246,277 | 70 | 191 | 228 | 0.1% |
| Q4 2018 | 632 | $20.6B | 399,134,369 | 8 | 9 | 15 | 0.8% |