Lincoln National
LNC
626 hedge funds and large institutions have $7.03B invested in Lincoln National in 2025 Q4 according to their latest regulatory filings, with 100 funds opening new positions, 214 increasing their positions, 183 reducing their positions, and 64 closing their positions.
56% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 64
30% more capital invested
Capital invested by funds: $5.41B → $7.03B (+$1.62B)
17% more repeat investments, than reductions
Existing positions increased: 214 | Existing positions reduced: 183
12.38% more ownership
Funds ownership: 70.82% → 83.2% (+12%)
4% more funds holding
Funds holding: 604 → 626 (+22)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
24% less call options, than puts
Call options by funds: $101M | Put options by funds: $133M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$56.7M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$38.4M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$34.6M |
| 4 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$29.8M |
| 5 |
Millennium Management
New York
|
+$21.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$86.5M |
| 2 |
Barclays
London,
United Kingdom
|
-$39.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$27.8M |
| 4 |
AU
Algebris (UK)
London,
United Kingdom
|
-$21.2M |
| 5 |
Squarepoint
New York
|
-$12.8M |
LNC Hedge Fund Activity: Q4 2025 in Review
626 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Lincoln National (LNC) for Q4 2025, worth a combined $7.03B — up 30% from $5.41B a quarter earlier.
Buyers outnumbered sellers: 100 funds opened new LNC positions and 64 closed out — a net gain of 36 holders — while 214 added to existing stakes and 183 trimmed.
The largest buyer was Jennison Associates, adding an estimated $56.7M. The largest seller was Royal Bank of Canada, cutting an estimated $86.5M.
- 626 institutional investors held Lincoln National (LNC) as of Q4 2025, up from 604 in Q3 2025.
- Funds reported $7.03B of Lincoln National stock for Q4 2025, up 30% quarter-over-quarter.
- 100 funds opened new Lincoln National positions in Q4 2025 and 64 closed out, a net change of +36 holders.
- The largest Lincoln National buyer in Q4 2025 was Jennison Associates, an estimated $56.7M added.
- The largest Lincoln National seller in Q4 2025 was Royal Bank of Canada, an estimated $86.5M sold.
Based on aggregated 13F filings for Q4 2025.