Lincoln National
540 hedge funds and large institutions have $12B invested in Lincoln National in 2013 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 147 increasing their positions, 259 reducing their positions, and 35 closing their positions.
89% more funds holding in top 10
Funds holding in top 10: 9 → 17 (+8)
71% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 35
20% more capital invested
Capital invested by funds: $9.96B → $12B (+$2.01B)
4% more funds holding
Funds holding: 519 → 540 (+21)
1.35% less ownership
Funds ownership: 89.68% → 88.33% (-1.4%)
31% less call options, than puts
Call options by funds: $89.6M | Put options by funds: $130M
43% less repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 259
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$110M |
| 2 |
Goldman Sachs
New York
|
+$56.6M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$48.2M |
| 4 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$46.1M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$34.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
-$164M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$98M |
| 3 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
-$41.2M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$40.2M |
| 5 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$32.6M |
LNC Hedge Fund Activity: Q4 2013 in Review
540 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Lincoln National (LNC) for Q4 2013, worth a combined $12B — up 20% from $9.96B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new LNC positions and 35 closed out — a net gain of 25 holders — while 147 added to existing stakes and 259 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $110M. The largest seller was OppenheimerFunds, cutting an estimated $164M.
- 540 institutional investors held Lincoln National (LNC) as of Q4 2013, up from 519 in Q3 2013.
- Funds reported $12B of Lincoln National stock for Q4 2013, up 20% quarter-over-quarter.
- 60 funds opened new Lincoln National positions in Q4 2013 and 35 closed out, a net change of +25 holders.
- The largest Lincoln National buyer in Q4 2013 was AllianceBernstein, an estimated $110M added.
- The largest Lincoln National seller in Q4 2013 was OppenheimerFunds, an estimated $164M sold.
Based on aggregated 13F filings for Q4 2013.