LNC US Equity

LINCOLN NATIONAL CORP

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Financials · Life Insurance · CIK 59558 · FYE 1231

$41.43

-1.40 (-3.27%)

USD · as of 2026-07-29 · marketstack

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Institutional ownership· 13F filers holding LNC · 2026-Q1 methodology → sources →

607 holders

% of shares outstanding held

81.8%

Shares held (13F)

156,494,329

Reporting holders

607

Top holders

largest 100 of 607 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	Bain Capital Prairie, LLC	18,759,49718.8M	$666M	9.81%	—
2	BlackRock, Inc.	18,498,10418.5M	$657M	9.67%	—
3	VANGUARD PORTFOLIO MANAGEMENT LLC	10,409,65410.4M	$370M	5.44%	NEW†
4	VANGUARD CAPITAL MANAGEMENT LLC	8,270,9018.3M	$294M	4.33%	NEW†
5	DIMENSIONAL FUND ADVISORS LP	7,755,5067.8M	$275M	4.06%	ADD 24%
6	MASSACHUSETTS FINANCIAL SERVICES CO /MA/	5,881,3325.9M	$210M	3.08%	—
7	STATE STREET CORP	5,891,2955.9M	$209M	3.08%	—
8	PRICE T ROWE ASSOCIATES INC /MD/	4,427,9494.4M	$157M	2.32%	TRIM -15%
9	JENNISON ASSOCIATES LLC	3,823,1523.8M	$136M	2.00%	ADD 4%
10	MORGAN STANLEY	3,692,8423.7M	$131M	1.93%	TRIM -9%
11	GEODE CAPITAL MANAGEMENT, LLC	3,159,0193.2M	$112M	1.65%	ADD 7%
12	LSV ASSET MANAGEMENT	2,560,0962.6M	$91M	1.34%	—
13	PRINCIPAL FINANCIAL GROUP INC	2,280,5762.3M	$81M	1.19%	—
14	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	2,135,8142.1M	$76M	1.12%	ADD 3%
15	FIRST TRUST ADVISORS LP	2,128,3552.1M	$76M	1.11%	TRIM -56%
16	Balyasny Asset Management L.P.	2,085,6192.1M	$74M	1.09%	ADD 7%
17	NORTHERN TRUST CORP	1,852,5321.9M	$66M	0.97%	TRIM -5%
18	JUPITER ASSET MANAGEMENT LTD	1,796,6711.8M	$64M	0.94%	ADD 151%
19	GOLDMAN SACHS GROUP INC	1,785,4071.8M	$63M	0.93%	ADD 5%
20	Bank of New York Mellon Corp	1,778,8941.8M	$63M	0.93%	—
21	Invesco Ltd.	1,541,2701.5M	$55M	0.81%	ADD 12%
22	HSBC HOLDINGS PLC	1,499,8541.5M	$53M	0.78%	TRIM -45%
23	VICTORY CAPITAL MANAGEMENT INC	1,465,9811.5M	$52M	0.77%	ADD 82%
24	UBS Group AG	1,454,6571.5M	$52M	0.76%	TRIM -7%
25	BANK OF AMERICA CORP /DE/	1,428,8451.4M	$51M	0.75%	ADD 5%
26	ALGEBRIS (UK) LTD	1,361,8851.4M	$48M	0.71%	ADD 133%
27	MILLENNIUM MANAGEMENT LLC	1,198,1411.2M	$43M	0.63%	ADD 11%
28	VANGUARD FIDUCIARY TRUST CO	1,067,3141.1M	$38M	0.56%	NEW
29	AQR CAPITAL MANAGEMENT LLC	927,439927,439	$32M	0.49%	TRIM -24%
30	CITADEL ADVISORS LLC	769,829769,829	$27M	0.40%	ADD 294%
31	WELLS FARGO & COMPANY/MN	708,814708,814	$25M	0.37%	TRIM -5%
32	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	683,040683,040	$24M	0.36%	ADD 509%
33	LPL Financial LLC	661,974661,974	$24M	0.35%	ADD 27%
34	Alyeska Investment Group, L.P.	641,796641,796	$23M	0.34%	ADD 21%
35	D. E. Shaw & Co., Inc.	612,706612,706	$22M	0.32%	ADD 2957%
36	Public Sector Pension Investment Board	604,750604,750	$21M	0.32%	ADD 3%
37	HRT FINANCIAL LP	592,147592,147	$21M	0.31%	ADD 273%
38	Advisors Capital Management, LLC	585,165585,165	$21M	0.31%	—
39	Quantinno Capital Management LP	583,257583,257	$21M	0.31%	ADD 223%
40	Miller Value Partners, LLCtracked	570,690570,690	$20M	0.30%	ADD 13%
41	AMERICAN CENTURY COMPANIES INC	557,620557,620	$20M	0.29%	ADD 195%
42	Jain Global LLC	548,788548,788	$19M	0.29%	ADD 6%
43	Allspring Global Investments Holdings, LLC	542,220542,220	$19M	0.28%	ADD 3%
44	AMERIPRISE FINANCIAL INC	535,731535,731	$19M	0.28%	TRIM -4%
45	Caisse de depot et placement du Quebec	530,251530,251	$19M	0.28%	NEW
46	SEI INVESTMENTS CO	522,832522,832	$19M	0.27%	ADD 10%
47	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	506,218506,218	$18M	0.26%	ADD 3%
48	Hudson Bay Capital Management LP	487,155487,155	$17M	0.25%	ADD 28%
49	JANE STREET GROUP, LLC	480,603480,603	$17M	0.25%	ADD 360%
50	MetLife Investment Management, LLC	465,647465,647	$17M	0.24%	ADD 3%
51	Interval Partners, LP	448,638448,638	$16M	0.23%	TRIM -27%
52	Legal & General Group Plc	437,112437,112	$16M	0.23%	TRIM -8%
53	Man Group plc	431,487431,487	$15M	0.23%	ADD 82%
54	First Eagle Investment Management, LLC	428,310428,310	$15M	0.22%	ADD 4%
55	RHUMBLINE ADVISERS	407,976407,976	$14M	0.21%	—
56	Cander Asset Management LP	392,881392,881	$14M	0.21%	NEW
57	CSM Advisors, LLC	372,851372,851	$13M	0.19%	TRIM -29%
58	Focus Partners Wealth	366,763366,763	$13M	0.19%	ADD 7%
59	RAYMOND JAMES FINANCIAL INC	362,521362,521	$13M	0.19%	ADD 24%
60	Nuveen, LLC	341,264341,264	$12M	0.18%	ADD 5%
61	Swiss National Bank	338,200338,200	$12M	0.18%	—
62	California Public Employees Retirement System	332,120332,120	$12M	0.17%	—
63	ALLIANCEBERNSTEIN L.P.	262,135262,135	$12M	0.14%	ADD 41%
64	Janney Montgomery Scott LLC	299,412299,412	$11M	0.16%	ADD 46%
65	STIFEL FINANCIAL CORP	285,249285,249	$10M	0.15%	—
66	Philadelphia Financial Management of San Francisco, LLC	285,000285,000	$10M	0.15%	NEW
67	Freestone Grove Partners LP	275,629275,629	$10M	0.14%	TRIM -24%
68	HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	261,751261,751	$9M	0.14%	ADD 4%
69	ROYAL BANK OF CANADA	261,053261,053	$9M	0.14%	TRIM -28%
70	Schonfeld Strategic Advisors LLC	253,555253,555	$9M	0.13%	ADD 59%
71	Illinois Municipal Retirement Fund	236,312236,312	$8M	0.12%	ADD 15%
72	JPMORGAN CHASE & CO	242,165242,165	$8M	0.13%	ADD 11%
73	Bridgewater Associates, LP	225,339225,339	$8M	0.12%	TRIM -8%
74	&PARTNERS	222,848222,848	$8M	0.12%	ADD 19%
75	Cordgrass Capital Advisors, LLC	219,577219,577	$8M	0.11%	—
76	Jump Financial, LLC	213,700213,700	$8M	0.11%	ADD 1781%
77	TWO SIGMA INVESTMENTS, LP	213,491213,491	$8M	0.11%	ADD 56%
78	BNP PARIBAS ASSET MANAGEMENT Holding S.A.	208,696208,696	$7M	0.11%	TRIM -11%
79	Point72 Asset Management, L.P.	207,800207,800	$7M	0.11%	NEW
80	BESSEMER GROUP INC	203,973203,973	$7M	0.11%	ADD 25%
81	Allianz Asset Management GmbH	200,801200,801	$7M	0.11%	TRIM -77%
82	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	198,336198,336	$7M	0.10%	ADD 24%
83	Access Investment Management LLC	196,500196,500	$7M	0.10%	—
84	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	191,669191,669	$7M	0.10%	TRIM -3%
85	COMMONWEALTH EQUITY SERVICES, LLC	190,592190,592	$7M	0.10%	ADD 28%
86	PRUDENTIAL FINANCIAL INC	186,556186,556	$7M	0.10%	TRIM -24%
87	OSAIC HOLDINGS, INC.	182,420182,420	$6M	0.10%	TRIM -33%
88	PEAK6 LLC	179,951179,951	$6M	0.09%	NEW
89	CITIGROUP INC	175,936175,936	$6M	0.09%	ADD 44%
90	Universal- Beteiligungs- und Servicegesellschaft mbH	167,582167,582	$6M	0.09%	TRIM -10%
91	FMR LLC	160,427160,427	$6M	0.08%	TRIM -10%
92	Robeco Institutional Asset Management B.V.	156,071156,071	$6M	0.08%	—
93	CANADA LIFE ASSURANCE Co	154,823154,823	$6M	0.08%	TRIM -14%
94	VANGUARD ASSET MANAGEMENT, Ltd	152,320152,320	$5M	0.08%	NEW
95	CI INVESTMENTS INC.	151,350151,350	$5M	0.08%	TRIM -7%
96	Susquehanna Portfolio Strategies, LLC	145,099145,099	$5M	0.08%	TRIM -7%
97	STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	143,550143,550	$5M	0.08%	TRIM -3%
98	Thrivent Financial for Lutherans	142,252142,252	$5M	0.07%	ADD 3%
99	Gotham Asset Management, LLC	140,126140,126	$5M	0.07%	TRIM -54%
100	EASTERLY INVESTMENT PARTNERS LLC	139,786139,786	$5M	0.07%	TRIM -71%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

Bain Capital Prairie, LLC

—

18.8M

$666M

BlackRock, Inc.

16.6M

16.5M

18.4M

18.6M

18.5M

$657M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

10.4M

$370M

VANGUARD CAPITAL MANAGEMENT LLC

—

8.3M

$294M

DIMENSIONAL FUND ADVISORS LP

2.9M

3.1M

4.6M

5.7M

6.2M

7.8M

$275M

MASSACHUSETTS FINANCIAL SERVICES CO /MA/

4.8M

4.9M

6.0M

5.9M

$210M

STATE STREET CORP

6.5M

6.2M

6.0M

5.9M

$209M

PRICE T ROWE ASSOCIATES INC /MD/

101K

107K

3.8M

5.2M

4.4M

$157M

JENNISON ASSOCIATES LLC

—

1.3M

2.3M

3.7M

3.8M

$136M

MORGAN STANLEY

3.9M

4.2M

4.1M

3.7M

$131M

GEODE CAPITAL MANAGEMENT, LLC

2.8M

2.9M

3.0M

3.2M

$112M

LSV ASSET MANAGEMENT

2.5M

2.3M

2.7M

2.6M

$91M

PRINCIPAL FINANCIAL GROUP INC

3.1M

3.0M

2.8M

2.3M

$81M

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

2.1M

2.0M

2.1M

$76M

FIRST TRUST ADVISORS LP

1.3M

3.9M

4.6M

4.9M

4.8M

2.1M

$76M

Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	607	156,494,329	81.8%	$5.6B
2025-Q4

Short interest has its own tab now — open SI →

Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.

Activists & large holders· Schedule 13D/G beneficial owners · LNC

Activists — 13D, active intent

Bain Capital Prairie, LLC9.9%NEWSCHEDULE 13D · event 2025-06-05SEC →

18,759,497 shares

“On April 9, 2025, Lincoln National Corporation (the "Issuer") and the Reporting Person entered into a stock purchase agreement (the "Purchase Agreement"). Pursuant to the terms of the Purchase Agreement, on June 5, 2025 (the "Closing Date") the Issuer sold 18,759,497 shares of Common Stock (the "Purchased Shares") to the Reporting Person (the "Transaction") at a price of $44.00 per share, for an aggregate purchase price of $825,417,868 (the "Purchase Price"). The source of funds used to satisfy ”

Large holders — 13G, passive (top 3 by % of class)

Holder	% of class	Type	As of
VANGUARD PORTFOLIO MANAGEMENT LLC	5.5%	QII	2026-03-31	SEC →
VANGUARD CAPITAL MANAGEMENT LLC	5.04%	QII	2026-03-31	SEC →

Institutional ownership· 13F filers holding LNC · 2026-Q1 methodology → sources →

607 holders

% of shares outstanding held

81.8%

Shares held (13F)

156,494,329

Reporting holders

607

Top holders

largest 100 of 607 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	Bain Capital Prairie, LLC	18,759,49718.8M	$666M	9.81%	—
2	BlackRock, Inc.	18,498,10418.5M	$657M	9.67%	—
3	VANGUARD PORTFOLIO MANAGEMENT LLC	10,409,65410.4M	$370M	5.44%	NEW†
4	VANGUARD CAPITAL MANAGEMENT LLC	8,270,9018.3M	$294M	4.33%	NEW†
5	DIMENSIONAL FUND ADVISORS LP	7,755,5067.8M	$275M	4.06%	ADD 24%
6	MASSACHUSETTS FINANCIAL SERVICES CO /MA/	5,881,3325.9M	$210M	3.08%	—
7	STATE STREET CORP	5,891,2955.9M	$209M	3.08%	—
8	PRICE T ROWE ASSOCIATES INC /MD/	4,427,9494.4M	$157M	2.32%	TRIM -15%
9	JENNISON ASSOCIATES LLC	3,823,1523.8M	$136M	2.00%	ADD 4%
10	MORGAN STANLEY	3,692,8423.7M	$131M	1.93%	TRIM -9%
11	GEODE CAPITAL MANAGEMENT, LLC	3,159,0193.2M	$112M	1.65%	ADD 7%
12	LSV ASSET MANAGEMENT	2,560,0962.6M	$91M	1.34%	—
13	PRINCIPAL FINANCIAL GROUP INC	2,280,5762.3M	$81M	1.19%	—
14	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	2,135,8142.1M	$76M	1.12%	ADD 3%
15	FIRST TRUST ADVISORS LP	2,128,3552.1M	$76M	1.11%	TRIM -56%
16	Balyasny Asset Management L.P.	2,085,6192.1M	$74M	1.09%	ADD 7%
17	NORTHERN TRUST CORP	1,852,5321.9M	$66M	0.97%	TRIM -5%
18	JUPITER ASSET MANAGEMENT LTD	1,796,6711.8M	$64M	0.94%	ADD 151%
19	GOLDMAN SACHS GROUP INC	1,785,4071.8M	$63M	0.93%	ADD 5%
20	Bank of New York Mellon Corp	1,778,8941.8M	$63M	0.93%	—
21	Invesco Ltd.	1,541,2701.5M	$55M	0.81%	ADD 12%
22	HSBC HOLDINGS PLC	1,499,8541.5M	$53M	0.78%	TRIM -45%
23	VICTORY CAPITAL MANAGEMENT INC	1,465,9811.5M	$52M	0.77%	ADD 82%
24	UBS Group AG	1,454,6571.5M	$52M	0.76%	TRIM -7%
25	BANK OF AMERICA CORP /DE/	1,428,8451.4M	$51M	0.75%	ADD 5%
26	ALGEBRIS (UK) LTD	1,361,8851.4M	$48M	0.71%	ADD 133%
27	MILLENNIUM MANAGEMENT LLC	1,198,1411.2M	$43M	0.63%	ADD 11%
28	VANGUARD FIDUCIARY TRUST CO	1,067,3141.1M	$38M	0.56%	NEW
29	AQR CAPITAL MANAGEMENT LLC	927,439927,439	$32M	0.49%	TRIM -24%
30	CITADEL ADVISORS LLC	769,829769,829	$27M	0.40%	ADD 294%
31	WELLS FARGO & COMPANY/MN	708,814708,814	$25M	0.37%	TRIM -5%
32	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	683,040683,040	$24M	0.36%	ADD 509%
33	LPL Financial LLC	661,974661,974	$24M	0.35%	ADD 27%
34	Alyeska Investment Group, L.P.	641,796641,796	$23M	0.34%	ADD 21%
35	D. E. Shaw & Co., Inc.	612,706612,706	$22M	0.32%	ADD 2957%
36	Public Sector Pension Investment Board	604,750604,750	$21M	0.32%	ADD 3%
37	HRT FINANCIAL LP	592,147592,147	$21M	0.31%	ADD 273%
38	Advisors Capital Management, LLC	585,165585,165	$21M	0.31%	—
39	Quantinno Capital Management LP	583,257583,257	$21M	0.31%	ADD 223%
40	Miller Value Partners, LLCtracked	570,690570,690	$20M	0.30%	ADD 13%
41	AMERICAN CENTURY COMPANIES INC	557,620557,620	$20M	0.29%	ADD 195%
42	Jain Global LLC	548,788548,788	$19M	0.29%	ADD 6%
43	Allspring Global Investments Holdings, LLC	542,220542,220	$19M	0.28%	ADD 3%
44	AMERIPRISE FINANCIAL INC	535,731535,731	$19M	0.28%	TRIM -4%
45	Caisse de depot et placement du Quebec	530,251530,251	$19M	0.28%	NEW
46	SEI INVESTMENTS CO	522,832522,832	$19M	0.27%	ADD 10%
47	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	506,218506,218	$18M	0.26%	ADD 3%
48	Hudson Bay Capital Management LP	487,155487,155	$17M	0.25%	ADD 28%
49	JANE STREET GROUP, LLC	480,603480,603	$17M	0.25%	ADD 360%
50	MetLife Investment Management, LLC	465,647465,647	$17M	0.24%	ADD 3%
51	Interval Partners, LP	448,638448,638	$16M	0.23%	TRIM -27%
52	Legal & General Group Plc	437,112437,112	$16M	0.23%	TRIM -8%
53	Man Group plc	431,487431,487	$15M	0.23%	ADD 82%
54	First Eagle Investment Management, LLC	428,310428,310	$15M	0.22%	ADD 4%
55	RHUMBLINE ADVISERS	407,976407,976	$14M	0.21%	—
56	Cander Asset Management LP	392,881392,881	$14M	0.21%	NEW
57	CSM Advisors, LLC	372,851372,851	$13M	0.19%	TRIM -29%
58	Focus Partners Wealth	366,763366,763	$13M	0.19%	ADD 7%
59	RAYMOND JAMES FINANCIAL INC	362,521362,521	$13M	0.19%	ADD 24%
60	Nuveen, LLC	341,264341,264	$12M	0.18%	ADD 5%
61	Swiss National Bank	338,200338,200	$12M	0.18%	—
62	California Public Employees Retirement System	332,120332,120	$12M	0.17%	—
63	ALLIANCEBERNSTEIN L.P.	262,135262,135	$12M	0.14%	ADD 41%
64	Janney Montgomery Scott LLC	299,412299,412	$11M	0.16%	ADD 46%
65	STIFEL FINANCIAL CORP	285,249285,249	$10M	0.15%	—
66	Philadelphia Financial Management of San Francisco, LLC	285,000285,000	$10M	0.15%	NEW
67	Freestone Grove Partners LP	275,629275,629	$10M	0.14%	TRIM -24%
68	HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	261,751261,751	$9M	0.14%	ADD 4%
69	ROYAL BANK OF CANADA	261,053261,053	$9M	0.14%	TRIM -28%
70	Schonfeld Strategic Advisors LLC	253,555253,555	$9M	0.13%	ADD 59%
71	Illinois Municipal Retirement Fund	236,312236,312	$8M	0.12%	ADD 15%
72	JPMORGAN CHASE & CO	242,165242,165	$8M	0.13%	ADD 11%
73	Bridgewater Associates, LP	225,339225,339	$8M	0.12%	TRIM -8%
74	&PARTNERS	222,848222,848	$8M	0.12%	ADD 19%
75	Cordgrass Capital Advisors, LLC	219,577219,577	$8M	0.11%	—
76	Jump Financial, LLC	213,700213,700	$8M	0.11%	ADD 1781%
77	TWO SIGMA INVESTMENTS, LP	213,491213,491	$8M	0.11%	ADD 56%
78	BNP PARIBAS ASSET MANAGEMENT Holding S.A.	208,696208,696	$7M	0.11%	TRIM -11%
79	Point72 Asset Management, L.P.	207,800207,800	$7M	0.11%	NEW
80	BESSEMER GROUP INC	203,973203,973	$7M	0.11%	ADD 25%
81	Allianz Asset Management GmbH	200,801200,801	$7M	0.11%	TRIM -77%
82	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	198,336198,336	$7M	0.10%	ADD 24%
83	Access Investment Management LLC	196,500196,500	$7M	0.10%	—
84	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	191,669191,669	$7M	0.10%	TRIM -3%
85	COMMONWEALTH EQUITY SERVICES, LLC	190,592190,592	$7M	0.10%	ADD 28%
86	PRUDENTIAL FINANCIAL INC	186,556186,556	$7M	0.10%	TRIM -24%
87	OSAIC HOLDINGS, INC.	182,420182,420	$6M	0.10%	TRIM -33%
88	PEAK6 LLC	179,951179,951	$6M	0.09%	NEW
89	CITIGROUP INC	175,936175,936	$6M	0.09%	ADD 44%
90	Universal- Beteiligungs- und Servicegesellschaft mbH	167,582167,582	$6M	0.09%	TRIM -10%
91	FMR LLC	160,427160,427	$6M	0.08%	TRIM -10%
92	Robeco Institutional Asset Management B.V.	156,071156,071	$6M	0.08%	—
93	CANADA LIFE ASSURANCE Co	154,823154,823	$6M	0.08%	TRIM -14%
94	VANGUARD ASSET MANAGEMENT, Ltd	152,320152,320	$5M	0.08%	NEW
95	CI INVESTMENTS INC.	151,350151,350	$5M	0.08%	TRIM -7%
96	Susquehanna Portfolio Strategies, LLC	145,099145,099	$5M	0.08%	TRIM -7%
97	STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	143,550143,550	$5M	0.08%	TRIM -3%
98	Thrivent Financial for Lutherans	142,252142,252	$5M	0.07%	ADD 3%
99	Gotham Asset Management, LLC	140,126140,126	$5M	0.07%	TRIM -54%
100	EASTERLY INVESTMENT PARTNERS LLC	139,786139,786	$5M	0.07%	TRIM -71%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

Bain Capital Prairie, LLC

—

18.8M

$666M

BlackRock, Inc.

16.6M

16.5M

18.4M

18.6M

18.5M

$657M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

10.4M

$370M

VANGUARD CAPITAL MANAGEMENT LLC

—

8.3M

$294M

DIMENSIONAL FUND ADVISORS LP

2.9M

3.1M

4.6M

5.7M

6.2M

7.8M

$275M

MASSACHUSETTS FINANCIAL SERVICES CO /MA/

4.8M

4.9M

6.0M

5.9M

$210M

STATE STREET CORP

6.5M

6.2M

6.0M

5.9M

$209M

PRICE T ROWE ASSOCIATES INC /MD/

101K

107K

3.8M

5.2M

4.4M

$157M

JENNISON ASSOCIATES LLC

—

1.3M

2.3M

3.7M

3.8M

$136M

MORGAN STANLEY

3.9M

4.2M

4.1M

3.7M

$131M

GEODE CAPITAL MANAGEMENT, LLC

2.8M

2.9M

3.0M

3.2M

$112M

LSV ASSET MANAGEMENT

2.5M

2.3M

2.7M

2.6M

$91M

PRINCIPAL FINANCIAL GROUP INC

3.1M

3.0M

2.8M

2.3M

$81M

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

2.1M

2.0M

2.1M

$76M

FIRST TRUST ADVISORS LP

1.3M

3.9M

4.6M

4.9M

4.8M

2.1M

$76M

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	607	156,494,329	81.8%	$5.6B
2025-Q4

Short interest has its own tab now — open SI →

Activists & large holders· Schedule 13D/G beneficial owners · LNC

Activists — 13D, active intent

Bain Capital Prairie, LLC9.9%NEWSCHEDULE 13D · event 2025-06-05SEC →

18,759,497 shares

Large holders — 13G, passive (top 3 by % of class)

Holder	% of class	Type	As of
VANGUARD PORTFOLIO MANAGEMENT LLC	5.5%	QII	2026-03-31	SEC →
VANGUARD CAPITAL MANAGEMENT LLC	5.04%	QII	2026-03-31	SEC →

LNC US Equity☆

Institutional ownership· 13F filers holding LNC · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · LNC

Institutional ownership· 13F filers holding LNC · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · LNC

LNC US Equity