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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
CFD
551
Creative Financial Designs
Indiana
$5.85K – – –
Mitsubishi UFJ Asset Management
552
Mitsubishi UFJ Asset Management
Japan
$5.77K – – –
HNW
553
High Note Wealth
Minnesota
$5.16K -$155 -4 -3%
FPF
554
First Pacific Financial
Washington
$5.04K – – –
ACM
555
Anfield Capital Management
California
$4.88K – – –
PWMG
556
Prestige Wealth Management Group
New Jersey
$4.72K – – –
FMII
557
Farmers & Merchants Investments Inc
Nebraska
$4.03K – – –
HIA
558
Harbor Investment Advisory
Maryland
$4.03K – – –
Kayne Anderson Rudnick Investment Management
559
Kayne Anderson Rudnick Investment Management
California
$4.03K – – –
KFI
560
Key Financial Inc
Pennsylvania
$4.01K – – –
GBT
561
Grove Bank & Trust
Florida
$3.99K – – –
TPCW
562
TD Private Client Wealth
New York
$3.91K – – –
ATS
563
Ashton Thomas Securities
New York
$3.71K +$3.56K +92 New
JWA
564
JFS Wealth Advisors
Pennsylvania
$3.67K -$116 -3 -3%
FFO
565
Fortitude Family Office
Arizona
$3.47K -$1.82K -47 -35%
TWD
566
True Wealth Design
Ohio
$3.44K +$735 +19 +29%
Federated Hermes
567
Federated Hermes
Pennsylvania
$3.39K -$2.44K -63 -43%
GWP
568
Gen-Wealth Partners
Michigan
$3.23K – – –
HHGA
569
Halbert Hargrove Global Advisors
California
$2.46K +$2.36K +61 New
BGAI
570
Bruce G. Allen Investments
Colorado
$2.14K – – –
KG
571
Kilter Group
New York
$2.02K – – –
RWM
572
Rialto Wealth Management
New York
$1.94K +$232 +6 +14%
NECFA
573
New England Capital Financial Advisors
Connecticut
$1.93K +$39 +1 +2%
MHIP
574
Mountain Hill Investment Partners
New Jersey
$1.61K +$1.55K +40 New
AFG
575
Albion Financial Group
Utah
$1.49K – – –
21 22
23
24 25

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.