As of November 6, 2026, 3 holders' latest Schedule 13D or 13G filings report owning 5% or more of Lincoln National Corp. The largest reported stake is Bain Capital Prairie, LLC's, at 9.8%. 7 filings are on record since January 30, 2026 (Schedule 13D/A, August 12, 2026).
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Key facts
- · Reporting person: BlackRock, Inc. · Sole voting: 806 · Shared voting: 0 · Sole dispositive: 806 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-10-27
- · Holder: BlackRock, Inc. · Percent: 6.2% · SCHEDULE 13G
- · Reporting person: Bain Capital Prairie, LLC · Sole voting: 0 · Shared voting: 18,759,497 · Sole dispositive: 0 · Shared dispositive: 18,759,497 · SCHEDULE 13D/A, 2026-08-12
- · Holder: Vanguard Capital Management · Percent: 5.04% · SCHEDULE 13G
- · Holder: Vanguard Portfolio Management · Percent: 5.5% · SCHEDULE 13G
Lincoln National Corp has 7 Schedule 13D or 13G filings on record since 2026-01-30. 3 holders' latest filing reports 5% or more of series d preferred stock. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Bain Capital Prairie, LLC | 9.8% | 18,759,497 | SCHEDULE 13D/A, 2026-08-12 | 2026-08-10 |
| Vanguard Portfolio Management | 5.5% | 10,473,383 | SCHEDULE 13G, 2026-04-29 | 2026-03-31 |
| Vanguard Capital Management | 5.04% | 9,580,622 | SCHEDULE 13G, 2026-04-30 | 2026-03-31 |
| BlackRock, Inc. | 4% | 806 | SCHEDULE 13G/A, 2026-10-27 | 2026-09-30 |
| The Vanguard Group | 0% | 0 | SCHEDULE 13G/A, 2026-03-27 | 2026-03-13 |
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More on Lincoln National Corp and the records around it.
Lincoln National Corp elsewhere on the record
- Leadership changes Aug 2026
- Who owns it
Companies that share a holder
- Vanguard Portfolio Management also filed stake reports on 941 other companies: Newmark Group Inc (Nov 2026), A10 Networks Inc (Oct 2026), ADT Inc (Oct 2026)
- Vanguard Capital Management also filed stake reports on 1495 other companies: A10 Networks Inc (Oct 2026), Altisource Portfolio Solutions SA (Oct 2026), Alto Neuroscience Inc (Oct 2026)
- BlackRock, Inc. also filed stake reports on 1596 other companies: AvePoint, Inc. (Nov 2026), BIOMARIN PHARMACEUTICAL INC (Nov 2026), MSG RANGERS CORP (Nov 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Bain Capital Prairie, LLC | 0 | 18,759,497 | 0 | 18,759,497 | SCHEDULE 13D/A, 2026-08-12 |
| BlackRock, Inc. | 806 | 0 | 806 | 0 | SCHEDULE 13G/A, 2026-10-27 |
The latest filing identifies Lincoln National Corp by CUSIP 534187885 and gives its principal executive office as 150 N RADNOR CHESTER RD, RADNOR, PA 19087 (SCHEDULE 13G/A, 2026-10-27).
Purpose of Transaction (Item 4)
Bain Capital Prairie, LLC
Item 4 is amended and supplemented by adding: In accordance with Section 6.2 of the Stock Purchase Agreement, on August 10, 2026, the Reporting Person informed the Company of its election to sell shares of Common Stock to the Company, as the Company repurchases shares in the open market or in privately negotiated transactions from time to time, to the extent necessary to prevent the Reporting Person from beneficially owning 10% or more of the voting securities of the Company, subject to a floor price equal to the Reporting Person's initial acquisition price of the Common Stock.Item 4 of the SCHEDULE 13D/A filed 2026-08-12
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2026-01-30 | The Vanguard Group | 10.39% | SCHEDULE 13G/A |
| 2026-03-27 | The Vanguard Group | 0% | SCHEDULE 13G/A |
| 2026-04-29 | Vanguard Portfolio Management | 5.5% | SCHEDULE 13G |
| 2026-04-30 | Vanguard Capital Management | 5.04% | SCHEDULE 13G |
| 2026-08-12 | Bain Capital Prairie, LLC | 9.8% | SCHEDULE 13D/A |
| 2026-08-21 | BlackRock, Inc. | 6.2% | SCHEDULE 13G |
| 2026-10-27 | BlackRock, Inc. | 4% | SCHEDULE 13G/A |
Questions about who owns Lincoln National Corp
Who owns Lincoln National Corp?
On this page, 3 holders' latest ownership filings report 5% or more of Lincoln National Corp: Bain Capital Prairie, LLC (9.8%, Schedule 13D/A, filed 2026-08-12), Vanguard Portfolio Management (5.5%, Schedule 13G, filed 2026-04-29) and Vanguard Capital Management (5.04%, Schedule 13G, filed 2026-04-30).
Who are the largest shareholders of Lincoln National Corp?
By the share each holder's latest filing reports, the largest holders of Lincoln National Corp on this page are Bain Capital Prairie, LLC (9.8%), Vanguard Portfolio Management (5.5%) and Vanguard Capital Management (5.04%).
When did Bain Capital Prairie, LLC buy into Lincoln National Corp?
The filings give report dates, not purchase dates. The earliest filing from Bain Capital Prairie, LLC on this page is the Schedule 13D/A, filed 2026-08-12, reporting 9.8%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 7 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
Also on the record for Lincoln National Corp
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| August 10, 2026 | Leadership change: Christopher Neczypor departs, Chief Financial Officer, and 1 more | — | Leadership changes | Source |
| April 16, 2026 | Leadership change filing (Form 8-K, Item 5.02) | — | Leadership changes | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.