Lincoln National Corporation
US ˙ NYSE ˙ US5341871094

SecurityLNC / Lincoln National Corporation
InstitutionMacquarie Group Ltd
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Macquarie Group Ltd closes position in LNC / Lincoln National Corporation

On February 13, 2026 - Macquarie Group Ltd filed a 13F-HR form disclosing ownership of 0 shares of Lincoln National Corporation (US:LNC) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 27,700 shares of Lincoln National Corporation. The current value of the position is $0 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)
2026-02-13 2025-12-31 13F LINCOLN NATL CORP IND COM 534187109 0 -100.00 0
2025-11-13 2025-09-30 13F LINCOLN NATL CORP IND COM 534187109 27,700 0 0.00 1,117 16.60 0.0013
2025-08-14 2025-06-30 13F LINCOLN NATL CORP IND COM 534187109 27,700 -180,334 -86.68 958 -87.18 0.0012
2025-08-14 2025-03-31 13F/A-1 LINCOLN NATL CORP IND COM 534187109 208,034 -39,182 -15.85 7,471 -4.69 0.0093
2025-05-15 2025-03-31 13F LINCOLN NATL CORP IND COM 534187109 208,034 -39,182 7,471 0.0061
2025-02-14 2024-12-31 13F LINCOLN NATL CORP IND COM 534187109 247,216 -437,436 -63.89 7,839 -63.66 0.0095
2024-11-14 2024-09-30 13F LINCOLN NATL CORP IND COM 534187109 684,652 21,366 3.22 21,573 4.58 0.0233
2024-08-09 2024-06-30 13F LINCOLN NATL CORP IND COM 534187109 663,286 19,401 3.01 20,628 0.34 0.0237
2024-05-14 2024-03-31 13F LINCOLN NATL CORP IND COM 534187109 643,885 0 0.00 20,559 18.39 0.0233
2024-02-14 2023-12-31 13F LINCOLN NATL CORP IND COM 534187109 643,885 16,633 2.65 17,365 12.13 0.0201
2023-11-14 2023-09-30 13F LINCOLN NATL CORP IND COM 534187109 627,252 -2,804 -0.45 15,487 -4.58 0.0195
2023-10-27 2023-06-30 13F/A-2 LINCOLN NATL CORP IND COM 534187109 630,056 429,644 214.38 16,230 260.40 0.0186
2023-10-12 2023-06-30 13F/A-1 LINCOLN NATL CORP IND COM 534187109 630,056 429,644 16,230 0.0163
2023-08-14 2023-06-30 13F LINCOLN NATL CORP IND COM 534187109 630,056 429,644 16,230 0.0165
2023-06-01 2023-03-31 13F/A-1 LINCOLN NATL CORP IND COM 534187109 200,412 159,422 388.93 4,503 257.95 0.0053
2023-05-15 2023-03-31 13F LINCOLN NATL CORP IND COM 534187109 200,412 159,422 4,503 0.0041
2023-02-21 2022-12-31 13F LINCOLN NATL CORP IND COM 534187109 40,990 759 1.89 1,259 -28.77 0.0015
2022-11-14 2022-09-30 13F LINCOLN NATL CORP IND COM 534187109 40,231 -779 -1.90 1,766 -7.88 0.0022
2022-08-17 2022-06-30 13F/A-1 LINCOLN NATL CORP IND COM 534187109 41,010 0 0.00 1,917 -28.50 0.0022
2022-08-15 2022-06-30 13F LINCOLN NATL CORP IND COM 534187109 41,010 0 1,917 0.0007
2022-05-16 2022-03-31 13F LINCOLN NATL CORP IND COM 534187109 41,010 0 0.00 2,681 -4.25 0.0020
2022-02-11 2021-12-31 13F LINCOLN NATL CORP IND COM 534187109 41,010 -8,783 -17.64 2,800 -18.20 0.0023
2021-11-12 2021-09-30 13F LINCOLN NATL CORP IND COM 534187109 49,793 3,436 7.41 3,423 17.47 0.0029
2021-08-13 2021-06-30 13F LINCOLN NATL CORP IND COM 534187109 46,357 -5,085 -9.88 2,914 -9.02 0.0024
2021-05-14 2021-03-31 13F LINCOLN NATL CORP IND COM 534187109 51,442 1,628 3.27 3,203 27.81 0.0045
2021-02-16 2020-12-31 13F LINCOLN NATL CORP IND COM 534187109 49,814 -2,195 -4.22 2,506 53.74 0.0037
2020-11-13 2020-09-30 13F LINCOLN NATL CORP IND COM 534187109 52,009 9,420 22.12 1,630 4.02 0.0028
2020-08-11 2020-06-30 13F LINCOLN NATL CORP IND COM 534187109 42,589 683 1.63 1,567 42.07 0.0027
2020-05-15 2020-03-31 13F LINCOLN NATL CORP IND COM 534187109 41,906 5,389 14.76 1,103 -48.82 0.0023
2020-03-18 2019-12-31 13F/A-2 LINCOLN NATL CORP IND COM 534187109 36,517 32,117 729.93 2,155 713.21 0.0031
2020-02-28 2019-12-31 13F/A-1 LINCOLN NATL CORP IND COM 534187109 36,517 0 2,155 0.0031
2020-02-14 2019-12-31 13F LINCOLN NATL CORP IND COM 534187109 36,517 32,117 2,155 2,704.3424
2019-11-14 2019-09-30 13F LINCOLN NATL CORP IND COM 534187109 4,400 0 0.00 265 -6.69 0.0004
2019-11-06 2019-06-30 13F/A-2 LINCOLN NATL CORP IND COM 534187109 4,400 -2,300 -34.33 284 -27.92 0.0005
2019-09-24 2019-06-30 13F/A-1 LINCOLN NATL CORP IND COM 534187109 4,400 0 284 0.0005
2019-08-14 2019-06-30 13F LINCOLN NATL CORP IND COM 534187109 4,400 -2,300 284
2019-05-15 2019-03-31 13F LINCOLN NATL CORP IND COM 534187109 6,700 -600 -8.22 394 5.35 0.0007
2019-02-15 2018-12-31 13F LINCOLN NATL CORP IND COM 534187109 7,300 -500 -6.41 374 -29.17 0.0007
2018-11-15 2018-09-30 13F LINCOLN NATL CORP IND COM 534187109 7,800 0 0.00 528 8.64 0.0009
2019-03-21 2018-06-30 13F/A-1 LINCOLN NATL CORP IND COM 534187109 7,800 -1,400 -15.22 486 -27.79 0.0008
2018-08-14 2018-06-30 13F LINCOLN NATL CORP IND COM 534187109 7,800 -1,400 486
2018-05-11 2018-03-31 13F LINCOLN NATL CORP IND COM 534187109 9,200 -5,600 -37.84 673 -73.79 0.0012
2018-02-14 2017-12-31 13F LINCOLN NATL CORP IND COM 534187109 14,800 4,600 45.10 2,568 242.86 0.0045
2017-11-08 2017-09-30 13F LINCOLN NATL CORP IND COM 534187109 10,200 -4,900 -32.45 749 -26.57 0.0013
2017-08-14 2017-06-30 13F LINCOLN NATL CORP IND COM 534187109 15,100 0 0.00 1,020 3.24 0.0019
2017-05-15 2017-03-31 13F Lincoln National COM 534187109 15,100 5,500 57.29 988 55.10 0.0018
2017-03-30 2016-12-31 13F/A-1 Lincoln National Common Stock 534187109 9,600 1,982 26.02 637 77.93 0.0012
2017-02-15 2016-12-31 13F Lincoln National Common Stock 534187109 9,600 637
2016-11-15 2016-09-30 13F Lincoln National Common Stock 534187109 7,618 0 0.00 358 21.36 0.0007
2016-09-14 2016-06-30 13F/A-1 Lincoln National Common Stock 534187109 7,618 0 0.00 295 -1.34 0.0006
2016-08-15 2016-06-30 13F Lincoln National Common Stock 534187109 7,618 295
2016-05-16 2016-03-31 13F Lincoln National Common Stock 534187109 7,618 0 0.00 299 -21.93 0.0006
2016-02-16 2015-12-31 13F Lincoln National Common Stock 534187109 7,618 0 0.00 383 5.80 0.0008
2015-11-16 2015-09-30 13F Lincoln National Common Stock 534187109 7,618 0 0.00 362 -19.73 0.0008
2015-08-21 2015-06-30 13F/A-1 Lincoln National Common Stock 534187109 7,618 0 0.00 451 2.97 0.0009
2015-08-14 2015-06-30 13F Lincoln National Common Stock 534187109 7,618 451
2015-05-18 2015-03-31 13F Lincoln National Common Stock 534187109 7,618 2,100 38.06 438 38.17 0.0009
2015-02-17 2014-12-31 13F Lincoln National Common Stock 534187109 5,518 -4,100 -42.63 317 -38.33 0.0007
2014-11-14 2014-09-30 13F Lincoln National Common Stock 534187109 9,618 0 0.00 514 4.26 0.0011
2014-08-14 2014-06-30 13F Lincoln National Common 534187109 9,618 -800 -7.68 493 -6.63 0.0011
2014-05-15 2014-03-31 13F Lincoln National Common Stock 534187109 10,418 0 0.00 528 -1.86 0.0009
2014-02-14 2013-12-31 13F Lincoln National Common Stock 534187109 10,418 3,900 59.83 538 96.35 0.0010
2013-11-14 2013-09-30 13F Lincoln National Common Stock 534187109 6,518 0 0.00 274 15.13 0.0005
2013-08-16 2013-06-30 13F/A-1 Lincoln National Common Stock 534187109 6,518 6,518 238 0.0005
2013-08-14 2013-06-30 13F Lincoln National Common Stock 534187109 6,518 238 0.0005
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.