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Lincoln National
LNC

604 hedge funds and large institutions have $5.41B invested in Lincoln National in 2025 Q3 according to their latest regulatory filings, with 89 funds opening new positions, 193 increasing their positions, 194 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

112% more first-time investments, than exits

New positions opened: 89 | Existing positions closed: 42

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

18% more capital invested

Capital invested by funds: $4.59B → $5.41B (+$823M)

7% more funds holding

Funds holding: 566 → 604 (+38)

1% less repeat investments, than reductions

Existing positions increased: 193 | Existing positions reduced: 194

3% less call options, than puts

Call options by funds: $115M | Put options by funds: $119M

6.9% less ownership

Funds ownership: 77.72% → 70.82% (-6.9%)

Holders
604
Holders Change
+38
Holders Change %
+6.71%
% of All Funds
7.93%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
89
Increased
193
Reduced
194
Closed
42
Calls
$115M
Puts
$119M
Net Calls
-$4.04M
Net Calls Change
-$9.19M

Top Buyers

1
BlackRock
BlackRock
New York
+$75.2M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$54.3M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$45.8M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$44.8M
5
Jennison Associates
Jennison Associates
New York
+$40.9M

Top Sellers

1
HAI
Hennessy Advisors Inc
California
-$48.5M
2
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$33.8M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$33.5M
4
Two Sigma Advisers
Two Sigma Advisers
New York
-$32.4M
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$22.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
HNB
426
Huntington National Bank
Ohio
$218K +$541 +14 +0.3%
WC
427
Westhampton Capital
North Carolina
$217K -$155K -4,000 -43%
SWP
428
Sagespring Wealth Partners
Tennessee
$215K +$206K +5,336 New
M&T Bank
429
M&T Bank
New York
$215K -$73.8K -1,908 -26%
IA
430
IFP Advisors
Florida
$215K +$97.6K +2,524 +90%
Baird Financial Group
431
Baird Financial Group
Wisconsin
$209K +$200K +5,172 New
SG
432
StoneX Group
New York
$207K +$198K +5,125 New
CSIC
433
Clifford Swan Investment Counsel
California
$207K +$198K +5,123 New
SCM
434
Stevens Capital Management
Pennsylvania
$206K +$198K +5,109 New
MWA
435
Martel Wealth Advisors
Washington
$206K +$197K +5,096 New
MGIA
436
Moneta Group Investment Advisors
Missouri
$204K +$195K +5,047 New
SF
437
Synovus Financial
Georgia
$203K +$195K +5,036 New
PAM
438
Panagora Asset Management
Massachusetts
$202K +$194K +5,016 New
EGM
439
Engineers Gate Manager
New York
$202K -$7.93M -205,081 -98%
KBC Group
440
KBC Group
Belgium
$202K – – –
MOS
441
MGO One Seven
Ohio
$202K +$194K +5,008 New
DAM
442
Delta Asset Management
Tennessee
$202K – – –
OA
443
Operose Advisors
Wisconsin
$202K – – –
WIA
444
World Investment Advisors
California
$202K +$193K +5,000 New
SFWA
445
Summit Financial Wealth Advisors
Louisiana
$201K +$193K +5,000 New
C
446
Covestor
United Kingdom
$200K -$92K -2,378 -32%
National Bank of Canada
447
National Bank of Canada
Quebec, Canada
$172K -$7.16K -185 -4%
VCM
448
Versant Capital Management
Arizona
$169K -$4.49K -116 -3%
SO
449
STRS Ohio
Ohio
$164K -$2.16M -55,807 -93%
ECM
450
EMC Capital Management
Texas
$164K – – –
16 17
18
19 20

LNC Hedge Fund Activity: Q3 2025 in Review

604 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Lincoln National (LNC) for Q3 2025, worth a combined $5.41B — up 18% from $4.59B a quarter earlier.

Buyers outnumbered sellers: 89 funds opened new LNC positions and 42 closed out — a net gain of 47 holders — while 193 added to existing stakes and 194 trimmed.

The largest buyer was BlackRock, adding an estimated $75.2M. The largest seller was Hennessy Advisors Inc, exiting entirely with an estimated $48.5M sold.

  • 604 institutional investors held Lincoln National (LNC) as of Q3 2025, up from 566 in Q2 2025.
  • Funds reported $5.41B of Lincoln National stock for Q3 2025, up 18% quarter-over-quarter.
  • 89 funds opened new Lincoln National positions in Q3 2025 and 42 closed out, a net change of +47 holders.
  • The largest Lincoln National buyer in Q3 2025 was BlackRock, an estimated $75.2M added.
  • The largest Lincoln National seller in Q3 2025 was Hennessy Advisors Inc, an estimated $48.5M sold.

Based on aggregated 13F filings for Q3 2025.