Lincoln National Corporation (LNC) Ownership
LNC ownership summary
as of October 18, 2026- Institutions
- 87.0% of shares outstanding
- Insiders
- 0.34% of shares outstanding
- Shares outstanding
- 191.4M
- Float
- 171.6M shares available to trade
- Short interest
- 8.49% 14.5M shares short
- Days to cover
- 7.37 short interest up 5.2% vs prior month
- Institutions 86.97%
- Insiders 0.34%
- Other investors 12.69%
LNC top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Bain Capital Prairie, LLC | 9.80% | 18.8M | $747.2M | — | June 30, 2026 |
| 2 | BlackRock Inc | 9.70% | 18.6M | $739.3M | +63,858 (+0.3%) | June 30, 2026 |
| 3 | Vanguard Portfolio Management, LLC | 5.45% | 10.4M | $415.3M | +17,552 (+0.2%) | June 30, 2026 |
| 4 | Dimensional Fund Advisors, Inc. | 4.48% | 8.6M | $341.4M | +816,450 (+10.5%) | June 30, 2026 |
| 5 | Vanguard Capital Management, LLC | 4.36% | 8.3M | $332.5M | +76,141 (+0.9%) | June 30, 2026 |
| 6 | Massachusetts Financial Services Company | 3.33% | 6.4M | $253.8M | +491,735 (+8.4%) | June 30, 2026 |
| 7 | State Street Corp | 3.19% | 6.1M | $243.2M | +215,007 (+3.6%) | June 30, 2026 |
| 8 | T. Rowe Price Associates, Inc. | 2.61% | 5.0M | $198.9M | +565,854 (+12.8%) | June 30, 2026 |
| 9 | Jennison Associates LLC | 1.97% | 3.8M | $150.3M | −50,719 (−1.3%) | June 30, 2026 |
| 10 | Morgan Stanley - Brokerage Accounts | 1.90% | 3.6M | $144.7M | −60,648 (−1.6%) | June 30, 2026 |
| 11 | Geode Capital Management, LLC | 1.67% | 3.2M | $127.2M | +34,764 (+1.1%) | June 30, 2026 |
| 12 | LSV Asset Management | 1.33% | 2.5M | $101.2M | −19,800 (−0.8%) | June 30, 2026 |
| 13 | NORGES BANK | 1.20% | 2.3M | $91.2M | +20,175 (+0.9%) | June 30, 2026 |
| 14 | Charles Schwab Investment Management Inc | 1.15% | 2.2M | $87.4M | +57,662 (+2.7%) | June 30, 2026 |
| 15 | Principal Financial Group Inc | 1.12% | 2.1M | $85.2M | −141,973 (−6.2%) | June 30, 2026 |
| 16 | The Goldman Sachs Group Inc | 1.10% | 2.1M | $83.9M | +321,774 (+18.0%) | June 30, 2026 |
| 17 | Arrowstreet Capital Limited Partnership | 1.00% | 1.9M | $76.6M | +1.2M (+181.4%) | June 30, 2026 |
| 18 | Northern Trust Corp | 0.99% | 1.9M | $75.5M | +44,079 (+2.4%) | June 30, 2026 |
| 19 | Jupiter Asset Management Limited | 0.98% | 1.9M | $74.5M | +73,064 (+4.1%) | June 30, 2026 |
| 20 | Bank of New York Mellon Corp | 0.93% | 1.8M | $71.1M | +6,441 (+0.4%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 15 holders added 4.0M shares and 4 cut 273K.
LNC top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | iShares Core S&P Small-Cap ETF | 5.39% | 10.3M | $410.8M | — | September 30, 2026 |
| 2 | Vanguard MStar Total Stk Mkt Idx Invest | 3.17% | 6.1M | $242.0M | −6,618 (−0.1%) | August 31, 2026 |
| 3 | Vanguard Small Cap Index | 2.25% | 4.3M | $171.6M | −92,916 (−2.1%) | September 30, 2026 |
| 4 | iShares Select Dividend ETF | 1.50% | 2.9M | $114.6M | — | September 30, 2026 |
| 5 | Vanguard MStar Small Cap Value Index | 1.47% | 2.8M | $111.7M | +10,581 (+0.4%) | September 30, 2026 |
| 6 | MFS Mid Cap Value A | 1.44% | 2.8M | $109.8M | −32,337 (−1.2%) | August 31, 2026 |
| 7 | T. Rowe Price Mid-Cap Value | 1.32% | 2.5M | $101.0M | +36,200 (+1.4%) | September 30, 2026 |
| 8 | State Street SPDR Port S&P 600 Sm CpETF | 0.82% | 1.6M | $62.6M | — | September 30, 2026 |
| 9 | iShares S&P Small-Cap 600 Value ETF | 0.76% | 1.5M | $58.1M | — | September 30, 2026 |
| 10 | DFA US Small Cap Value I | 0.74% | 1.4M | $56.4M | +79,377 (+5.9%) | August 31, 2026 |
| 11 | DFA US Targeted Value I | 0.61% | 1.2M | $46.7M | — | August 31, 2026 |
| 12 | PGIM Jennison Small Company A | 0.59% | 1.1M | $45.0M | +41,473 (+3.8%) | September 30, 2026 |
| 13 | Vanguard Tax-Managed Small Cap Adm | 0.59% | 1.1M | $44.8M | — | September 30, 2026 |
| 14 | Dimensional US Targeted Value ETF | 0.53% | 1.0M | $40.2M | +404 (+0.0%) | September 30, 2026 |
| 15 | Dimensional US Small Cap Value ETF | 0.49% | 932K | $37.1M | +252 (+0.0%) | September 24, 2026 |
| 16 | State Street® SPDR® S&P 600™ Sm CpValETF | 0.47% | 908K | $36.2M | — | September 30, 2026 |
| 17 | Schwab US Small-Cap ETF™ | 0.47% | 907K | $36.1M | +612 (+0.1%) | September 30, 2026 |
| 18 | Fidelity Extended Market Index | 0.43% | 831K | $33.1M | −14,199 (−1.7%) | August 31, 2026 |
| 19 | T. Rowe Price New Horizons | 0.39% | 754K | $30.0M | +754,200 (0.0%) | September 30, 2026 |
| 20 | DFA US Small Cap I | 0.37% | 709K | $28.2M | +14,224 (+2.0%) | August 31, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
LNC insider transactions
latest 13| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-09 | Sean Woodroffe | Sell | $32.74 | 8,000 | $261,920 |
| 2026-03-02 | Sean Woodroffe | Sell | $34.46 | 10,000 | $344,600 |
| 2026-02-25 | National Life Insuranc Lincoln | Buy | $11.09 | 2,254,486 | $25.0M |
| 2026-02-18 | James Waltman Reid | Sell | $41.81 | 3,050 | $127,520 |
| 2025-12-19 | National Life Insuranc Lincoln | Buy | $10.87 | 2,300,098 | $25.0M |
| 2025-12-10 | John Christopher Kennedy | Sell | $44.15 | 3,519 | $155,364 |
| 2025-11-12 | Owen Ryan | Buy | $42.17 | 2,000 | $84,340 |
| 2025-08-07 | John Christopher Kennedy | Sell | $39.29 | 5,000 | $196,450 |
| 2025-07-03 | Ro Khanna | Buy | $34.77 | — | — |
| 2025-06-17 | Lisa C. McClain | Sell | $32.85 | — | — |
| 2025-06-11 | Lisa C. McClain | Buy | $33.07 | — | — |
| 2025-05-29 | Brian Kroll | Sell | $33.10 | 10,075 | $333,482 |
| 2025-05-27 | Sean Woodroffe | Sell | $32.78 | 43,622 | $1.4M |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
LNC shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns LNC
Institutional investors own 87.0% of Lincoln National's shares and insiders 0.34%. The largest holder is Bain Capital Prairie, LLC with 9.80% of the shares (18.8M), as of June 30, 2026. Among the top 20 institutions, 15 added shares and 4 reduced their stake in the latest filings. Short interest is 8.49% of the float, or 7.37 days of average trading volume. The share count fell 25.4% since 2014.
Related: LNC analyst forecast, LNC key metrics, LNC dividend history. See the LNC stock overview for the latest quote and news.
LNC ownership FAQ
Who owns the most Lincoln National stock?
The largest shareholders of Lincoln National are Bain Capital Prairie, LLC (9.80%), BlackRock Inc (9.70%), Vanguard Portfolio Management, LLC (5.45%), Dimensional Fund Advisors, Inc. (4.48%), Vanguard Capital Management, LLC (4.36%).
What percentage of Lincoln National is owned by institutions?
Institutions hold 87.0% of Lincoln National's shares outstanding; insiders hold 0.34%.
Which funds own Lincoln National?
The largest fund holders of Lincoln National are iShares Core S&P Small-Cap ETF (5.39%), Vanguard MStar Total Stk Mkt Idx Invest (3.17%), Vanguard Small Cap Index (2.25%), iShares Select Dividend ETF (1.50%), Vanguard MStar Small Cap Value Index (1.47%).
What is Lincoln National's short interest?
14.5M shares of Lincoln National were sold short, 8.49% of the float; at the average daily volume it would take 7.37 days to cover.
Are insiders buying or selling Lincoln National?
Of the latest 13 reported insider transactions in Lincoln National (since May 27, 2025), 5 were purchases and 8 were sales.
How many shares of Lincoln National are outstanding?
Lincoln National has 191.4M shares outstanding, of which 171.6M are in the public float.