Lincoln National Corporation
Lincoln National Corporation (LNC) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · LNC · as of Sep 30, 2025
Ownership Breakdown
647
Institutional Holders
▲ 45 vs Q2
$5.41B
Total Inst. Value
▲ $818.71M vs Q2
191.21M
Shares Outstanding
freeFloat 98.98%
134.27M
13F Shares Held
▲ 1.46M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
LNC largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC life insurance | 19.90M | 11.23% | 11.23% | $802.72B | Nov 7, 2025 | ▲ 1.18M |
BLACKROCK, INC. life insurance | 18.43M | 10.40% | 10.40% | $743.18B | Nov 12, 2025 | ▲ 1.94M |
STATE STREET CORP life insurance | 5.98M | 3.37% | 3.37% | $241.07B | Nov 14, 2025 | ▼ 222.1K |
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ life insurance | 5.95M | 3.36% | 3.36% | $240.05B | Oct 29, 2025 | ▲ 1.04M |
DIMENSIONAL FUND ADVISORS LP life insurance | 5.73M | 3.23% | 3.23% | $231.12B | Nov 12, 2025 | ▲ 1.16M |
PRICE T ROWE ASSOCIATES INC /MD/ life insurance | 5.20M | 2.94% | 2.94% | $209.89B | Nov 14, 2025 | ▲ 1.40M |
FIRST TRUST ADVISORS LP life insurance | 4.88M | 2.75% | 2.75% | $196.80B | Nov 12, 2025 | ▲ 234.4K |
MORGAN STANLEY life insurance | 4.24M | 2.39% | 2.39% | $170.90B | May 27, 2026 | ▲ 333.8K |
GEODE CAPITAL MANAGEMENT, LLC life insurance | 2.94M | 1.66% | 1.66% | $118.77B | Nov 12, 2025 | ▲ 46.5K |
LSV ASSET MANAGEMENT life insurance | 2.61M | 1.48% | 1.48% | $105.45B | Nov 6, 2025 | ▼ 121.4K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
21
Increased
+12.03M shares1
New Positions
first time holders28
Decreased
−3.95M shares0
Sold Out
fully exitedNet shares change (top 50)
+8.09M
+12.03M / −3.95M
Net new holders
-6
1 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
LNC insider trading · insider activity
Source: SEC Form 4
0
Buy transactions
3
Sell transactions
0.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Rallis Andrew EVP, Chief Risk Officer | May 24, 2026 | Tax Withhold | 32,281 | $36.03 | $1.16M | 182.6K | Form 4 ↗ |
Woodroffe Sean EVP, Ch Ppl Comms Ent Srvc Off | May 24, 2026 | Tax Withhold | 45,150 | $36.03 | $1.63M | 155.2K | Form 4 ↗ |
Kennedy John Christopher EVP, Chief Dist. & Brand Off | May 24, 2026 | Tax Withhold | 23,801 | $36.03 | $857.6K | 125.6K | Form 4 ↗ |
Ryan Owen director | Mar 31, 2026 | Award | 1,267.61 | — | — | 23.1K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Lincoln National Corporation (LNC) is primarily owned by institutional investors, who hold approximately 70.2% of total shares outstanding. Company insiders own approximately 1.02%, while retail and public investors account for the remaining 28.76%.
The largest institutional shareholder of Lincoln National Corporation is VANGUARD GROUP INC, holding approximately 19.90 million shares — equal to 11.23% of outstanding shares — as of September 30, 2025.
A total of 647 institutional investors currently hold LNC stock, with a combined institutional value of approximately $5.41 billion as of the most recent 13F filing period.
Frequently asked questions
LNC ownershipLincoln National Corporation (LNC) is primarily owned by institutional investors, who hold approximately 70.2% of shares. The largest shareholder is VANGUARD GROUP INC with a 11.23% stake. Company insiders hold 1.02%. Data sourced from SEC Form 13F as of September 30, 2025.