undamentalytics Newsletter

Lincoln National Corp: which funds bought and sold

Institutions that bought and sold Lincoln National shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 312 institutions that filed 13F reports for both quarters added to or opened positions in Lincoln National, and 256 cut or closed them. Together they added a net 5.8M shares, +3.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 4.6M shares (+14.0%); index fund managers were net buyers of 471K shares (+0.9%). 73 opened a new position and 71 sold out entirely.

Bought, Q2 2026 312 institutions, 73 of them new holders Sold, Q2 2026 256 institutions, 71 of them sold out
Net change, all compared +5.8M shares (+3.7%)
Net change, active managers +4.6M shares (+14.0%), 35 bought, 23 sold

Buyers versus sellers

institutions compared, 677
Active managers and hedge funds 35 bought · 23 sold · +4.6M
Index fund managers 8 bought · 2 sold · +471K
Other institutions 269 bought · 231 sold · +664K

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Arrowstreet Capital, Limited Partnership Hedge fund +1.2M +181.4% 1.9M $68M
American Century Companies Inc Active manager +868K +155.7% 1.4M $50.4M
Dimensional Fund Advisors LP +816K +10.5% 8.6M $303M
D. E. Shaw & Co., Inc. Hedge fund +678K +110.7% 1.3M $45.6M
Gotham Asset Management, LLC Hedge fund +568K +405.1% 708K $25M
Price T Rowe Associates Inc Active manager +566K +12.8% 5.0M $177M
Massachusetts Financial Services Co Active manager +492K +8.4% 6.4M $227M
Two Sigma Investments, LP Hedge fund +486K +227.7% 700K $24.7M
AQR Capital Management LLC Hedge fund +482K +52.0% 1.4M $49.8M
Fideuram Asset Management (Ireland) Dac +356K +3226.9% 367K $12.8M
Goldman Sachs Group Inc +322K +18.0% 2.1M $74.5M
Prana Capital Management, LP Hedge fund +298K +408.0% 371K $13.1M
Royal Bank Of Canada +269K +103.1% 530K $18.7M
First Eagle Investment Management, LLC Active manager +269K +62.8% 698K $24.7M
Schonfeld Strategic Advisors LLC Hedge fund +248K +97.9% 502K $17.7M
Cander Asset Management LP +225K +57.2% 618K $21.8M
Allspring Global Investments Holdings, LLC +223K +41.1% 765K $27.7M
State Street Corp Index funds +215K +3.6% 6.1M $216M
Caisse De Depot Et Placement Du Quebec +209K +39.5% 740K $26.1M
Hudson Bay Capital Management LP Hedge fund +207K +42.5% 694K $24.5M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Balyasny Asset Management L.P. Hedge fund −702K −33.6% 1.4M $48.9M
First Trust Advisors LP −686K −32.3% 1.4M $51M
Millennium Management LLC Hedge fund −666K −55.6% 532K $18.8M
Alyeska Investment Group, L.P. Hedge fund −642K Sold out 0 —
Csm Advisors, LLC −373K Sold out 0 —
Philadelphia Financial Management Of San Francisco, LLC −285K Sold out 0 —
UBS Group AG −263K −18.1% 1.2M $42.1M
Point72 Asset Management, L.P. Hedge fund −208K Sold out 0 —
Freestone Grove Partners LP Hedge fund −197K −71.6% 78K $2.8M
BNP Paribas Asset Management Holding S.A. −193K −92.3% 16K $570,443
Susquehanna Portfolio Strategies, LLC −145K Sold out 0 —
Principal Financial Group Inc −142K −6.2% 2.1M $75.6M
Brevan Howard Capital Management LP Hedge fund −132K Sold out 0 —
Man Group PLC Hedge fund −131K −30.3% 301K $10.6M
Janney Montgomery Scott LLC −127K −42.3% 173K $6.1M
LPL Financial LLC −127K −19.1% 535K $18.9M
Federation Des Caisses Desjardins Du Quebec −119K −87.9% 16K $583,199
Icon Advisers Inc −118K Sold out 0 —
Fideuram - Intesa Sanpaolo Private Banking S.P.A. −117K Sold out 0 —
Easterly Investment Partners LLC −108K −77.1% 32K $1.1M

New positions

largest by value
InstitutionSharesValue June 30, 2026
Xtx Topco Ltd 70K $2.5M
Lighthouse Investment Partners, LLCHedge fund 66K $2.3M
Hussman Strategic Advisors, Inc. 42K $1.5M
Y-Intercept (Hong Kong) Ltd 39K $1.4M
Sciencast Management LP 37K $1.3M
Cv Advisors LLC 36K $1.3M
PDT Partners, LLCHedge fund 32K $1.1M
Qube Research & Technologies LtdHedge fund 30K $1.1M
Fox Run Management, L.L.C. 29K $1M
Bleakley Financial Group, LLC 22K $773,199

Sold out

largest by value

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
614
Ten largest holders
54.4%
of 13F-reported shares
Index fund managers
31.7%
of 13F-reported shares
Active managers and hedge funds
22.9%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 35 23 5 8 +4.6M +14.0%
Index fund managers 8 2 0 0 +471K +0.9%
Other institutions 269 231 68 63 +664K +0.9%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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