$LNC

$40.17 +$0.33 (0.83%) Close

$LNC Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 191.4M shares outstanding

Who owns LNC?

By type of holder

Institutions 85.6% Insiders 1.1% Everyone else 13.3%

Concentration Top 10 holders own 46.8%

Bain Capital Prairie, LLC 9.8% · BlackRock, Inc. 9.7%

Institutional ownership

85.6%

+3.8 pts vs last qtr

Institutional holders

619

+2 vs last qtr

Net shares bought

+7.2M

by institutions in Q2 2026

New / sold out

82 / 80

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Norges Bank NEW +2.3M
Arrowstreet Capital, Limited Partnership +1.2M

Biggest sellers in Q2 2026

Balyasny Asset Management L.P. −701.6K
First Trust Advisors LP −686.4K

Who is planning to sell?

Notices of proposed sale, last 12 months

$10.5M

12 notices from 7 people

Shares covered

258.0K

0.13% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Christopher Neczypor Officer $4.96M
Sean Woodroffe Officer $1.99M

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

−21.4%

−2.65% a year

Each share's claim on the business

+27.3%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$4.98B vs —

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years62% 3–5 years5% 1–3 years14% Under 1 year18%

Quarterly turnover

7.6%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting LNC on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
BC Bain Capital Prairie, LLC 13D · 9.8%	18.8M	9.80%	Unchanged	Q4 '25	100.0%
Shares held by quarter Peak holding18.8M (Q4'25) Change over 8 quarters+18.8M Share of the company9.800% Disclosed stake13D · 9.8% Bain Capital Prairie, LLC's full portfolio →
B BlackRock, Inc.	18.6M	9.70%	+63.9K (+0.3%)	≤2021	0.0%
Shares held by quarter Peak holding18.6M (Q2'26) Change over 8 quarters+2.0M Share of the company9.700% BlackRock, Inc.'s full portfolio →

Bain Capital Prairie, LLC

13D · 9.8%

18.8M

% of company

9.80%

Change vs last qtr

Unchanged

Held since

Q4 '25

BlackRock, Inc.

18.6M

% of company

9.70%

Change vs last qtr

+63.9K (+0.3%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Lincoln National Corp, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting LNC on Form N-PORT; together they hold 40.1% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Small-Cap ETF iShares Trust	$302M	8.5M	4.46%	0.27%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$214M	6.1M	3.17%	0.01%	June 30, 2026

iShares Core S&P Small-Cap ETF

iShares Trust

Position value

$302M

% of company

4.46%

% of the fund

0.27%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$214M

% of company

3.17%

% of the fund

0.01%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Lincoln National Corp and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
CE Cooper Ellen Insider	768.2K	0.40%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.400% Cooper Ellen's insider activity →
NC Neczypor Christopher M Insider	194.7K	0.10%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.100% Neczypor Christopher M's insider activity →

Cooper Ellen

Insider

768.2K

% of company

0.40%

Change vs last qtr

—

Held since

—

Neczypor Christopher M

Insider

194.7K

% of company

0.10%

Change vs last qtr

—

Held since

—

16 more holders behind a free account

See every insider and 5%+ holder of Lincoln National Corp.

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