Lincoln Educational Services Corporation
US ˙ NasdaqGS ˙ US5335351004

SecurityLINC / Lincoln Educational Services Corporation
InstitutionRBF Capital, LLC
Latest Disclosed Ownership499,070 shares
Latest Disclosed Value $ 20,302,168
RBF Capital, LLC ownership in LINC / Lincoln Educational Services Corporation

On May 18, 2026 - RBF Capital, LLC filed a 13F-HR/A form disclosing ownership of 499,070 shares of Lincoln Educational Services Corporation (US:LINC) valued at $20,302,168 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 17, 2026 disclosing 499,070 shares of Lincoln Educational Services Corporation. This represents a change in shares of 0.00% during the quarter. The current value of the position is $23,950,369 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-18 2026-03-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 499,070 0 0.00 20,302 68.45 0.9925
2026-05-14 2026-03-31 13F LINCOLN EDL SVCS COM 533535100 499,070 0 20,302 1.0621
2026-02-17 2025-12-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 499,070 0 0.00 12,053 2.76 0.5350
2026-02-17 2025-12-31 13F LINCOLN EDL SVCS COM 533535100 499,070 0 12,053 0.5350
2025-11-14 2025-09-30 13F LINCOLN EDL SVCS COM 533535100 499,070 0 0.00 11,728 1.96 0.5230
2025-08-14 2025-06-30 13F LINCOLN EDL SVCS COM 533535100 499,070 0 0.00 11,504 45.24 0.5472
2025-05-15 2025-03-31 13F LINCOLN EDL SVCS COM 533535100 499,070 0 0.00 7,920 0.32 0.4755
2025-02-14 2024-12-31 13F LINCOLN EDL SVCS COM 533535100 499,070 0 0.00 7,895 32.51 0.4085
2024-11-14 2024-09-30 13F LINCOLN EDL SVCS COM 533535100 499,070 0 0.00 5,959 0.68 0.2987
2024-08-14 2024-06-30 13F LINCOLN EDL SVCS COM 533535100 499,070 0 0.00 5,919 14.80 0.3402
2024-05-15 2024-03-31 13F LINCOLN EDL SVCS COM 533535100 499,070 0 0.00 5,155 2.89 0.2881
2024-02-14 2023-12-31 13F LINCOLN EDL SVCS COM 533535100 499,070 0 0.00 5,011 18.80 0.3030
2023-11-14 2023-09-30 13F LINCOLN EDL SVCS COM 533535100 499,070 0 0.00 4,217 25.39 0.2771
2023-08-14 2023-06-30 13F LINCOLN EDL SVCS COM 533535100 499,070 -64,728 -11.48 3,364 5.39 0.2097
2023-05-16 2023-03-31 13F LINCOLN EDL SVCS COM 533535100 563,798 0 0.00 3,191 -2.24 0.2318
2023-02-14 2022-12-31 13F LINCOLN EDL SVCS COM 533535100 563,798 0 0.00 3,264 6.42 0.2453
2022-11-14 2022-09-30 13F LINCOLN EDL SVCS COM 533535100 563,798 0 0.00 3,067 -13.80 0.2584
2022-08-15 2022-06-30 13F LINCOLN EDL SVCS COM 533535100 563,798 0 0.00 3,558 -13.20 0.2475
2022-05-16 2022-03-31 13F LINCOLN EDL SVCS COM 533535100 563,798 0 0.00 4,099 -2.68 0.2621
2022-02-14 2021-12-31 13F LINCOLN EDL SVCS COM 533535100 563,798 0 0.00 4,212 11.66 0.2593
2021-11-15 2021-09-30 13F LINCOLN EDL SVCS COM 533535100 563,798 0 0.00 3,772 -14.00 0.2104
2021-08-16 2021-06-30 13F LINCOLN EDL SVCS COM 533535100 563,798 0 0.00 4,386 21.36 0.2452
2021-05-17 2021-03-31 13F LINCOLN EDL SVCS COM 533535100 563,798 0 0.00 3,614 -1.39 0.2254
2021-03-02 2020-12-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 563,798 12,153 2.20 3,665 20.36 0.2803
2021-02-11 2020-12-31 13F LINCOLN EDL SVCS COM 533535100 563,798 12,153 3,665 317,914.6878
2020-11-16 2020-09-30 13F/A-1 LINCOLN EDL SVCS COM 533535100 551,645 -700 -0.13 3,045 41.36 0.3070
2020-11-16 2020-09-30 13F LINCOLN EDL SVCS COM 533535100 75,000 616
2020-08-14 2020-06-30 13F LINCOLN EDL SVCS COM 533535100 552,345 700 0.13 2,154 77.43 0.2323
2020-05-18 2020-03-31 13F LINCOLN EDL SVCS COM 533535100 551,645 0 0.00 1,214 -18.47 0.1589
2020-02-13 2019-12-31 13F LINCOLN EDL SVCS COM 533535100 551,645 -403 -0.07 1,489 29.70 0.1423
2019-11-13 2019-09-30 13F LINCOLN EDL SVCS COM 533535100 552,048 0 0.00 1,148 -9.96 0.1287
2019-08-13 2019-06-30 13F LINCOLN EDL SVCS COM 533535100 552,048 0 0.00 1,275 -25.48 0.1283
2019-05-15 2019-03-31 13F LINCOLN EDL SVCS COM 533535100 552,048 0 0.00 1,711 -3.17 0.2009
2019-02-14 2018-12-31 13F LINCOLN EDL SVCS COM 533535100 552,048 0 0.00 1,767 41.59 0.2306
2018-11-14 2018-09-30 13F LINCOLN EDL SVCS COM 533535100 552,048 0 0.00 1,248 29.86 0.1353
2018-08-14 2018-06-30 13F LINCOLN EDL SVCS COM 533535100 552,048 0 0.00 961 -12.56 0.1130
2018-05-15 2018-03-31 13F LINCOLN EDL SVCS COM 533535100 552,048 112,580 25.62 1,099 23.76 0.1310
2018-02-14 2017-12-31 13F LINCOLN EDL SVCS COM 533535100 439,468 143,225 48.35 888 19.84 0.0980
2017-11-14 2017-09-30 13F LINCOLN EDL SVCS COM 533535100 296,243 0 0.00 741 -19.28 0.0937
2017-08-14 2017-06-30 13F LINCOLN EDL SVCS COM 533535100 296,243 0 0.00 918 10.34 0.1204
2017-05-15 2017-03-31 13F LINCOLN EDL SVCS COM 533535100 296,243 0 0.00 832 46.22 0.1139
2017-02-14 2016-12-31 13F LINCOLN EDL SVCS COM 533535100 296,243 0 0.00 569 -12.73 0.0811
2016-11-14 2016-09-30 13F LINCOLN EDL SVCS COM 533535100 296,243 0 0.00 652 46.85 0.1116
2016-08-15 2016-06-30 13F LINCOLN EDL SVCS COM 533535100 296,243 0 0.00 444 -39.59 0.0882
2016-05-16 2016-03-31 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 296,243 -15,900 -5.09 735 18.36 0.1407
2016-02-16 2015-12-31 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 312,143 0 0.00 621 290.57 0.1168
2015-11-16 2015-09-30 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 312,143 0 0.00 159 -74.80 0.0331
2015-08-14 2015-06-30 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 312,143 183,498 142.64 631 115.36 0.1192
2015-05-14 2015-03-31 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 128,645 79,500 161.77 293 112.32 0.0595
2015-02-13 2014-12-31 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 49,145 0 0.00 138 0.00 0.0286
2014-11-14 2014-09-30 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 49,145 0 0.00 138 -37.56 0.0316
2014-08-14 2014-06-30 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 49,145 0 0.00 221 19.46 0.0531
2014-05-13 2014-03-31 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 49,145 0 0.00 185 -24.49 0.0452
2014-02-14 2013-12-31 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 49,145 0 0.00 245 7.93 0.0579
2013-11-14 2013-09-30 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 49,145 0 0.00 227 -12.36 0.0603
2013-08-14 2013-06-30 13F LINCOLN EDL SERVICES CORP CMN Common Stock 533535100 49,145 49,145 259 0.0736
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.