LINC · Lincoln Educational Services Corp · Holdings
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Institutional Ownership Trend
Holder Concentration
Across 224 13F filersWho Holds LINC
Last 8 quarters through Sep 30, 2026 (filing window open)Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.
Jun 30, 2026, the newest closed quarter: 221 filers, like-for-like change +6.0%; actively managed books +2.4%; index-like books +19.3%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 62.3% | 121 | -0.9% |
| Exempt adviser | 2.2% | 5 | -3.2% |
| Adviser | 4.9% | 5 | +4.9% |
| Bank | 5.8% | 13 | +48.3% |
| Insurer | 1.5% | 1 | +5673.0% |
| Broker-dealer | 0.1% | 2 | +81.6% |
| Benefit plan | 0.3% | 4 | +91.2% |
| Non-US | 0.2% | 6 | +76.8% |
| Holding company | 12.0% | 7 | +22.4% |
| Unknown | 10.8% | 57 | +3.1% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Index-like | 23.9% | 30 | +19.3% |
| Systematic-like | 8.5% | 22 | -30.0% |
| Concentrated | 7.9% | 23 | -0.7% |
| Diversified active | 59.7% | 146 | +10.2% |
| Not measured | 0.0% | 0 | — |
| Unknown | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 49.2% | 101 | +24.3% |
| Medium turnover | 30.6% | 58 | -2.6% |
| High turnover | 12.0% | 44 | -22.5% |
| Unknown | 8.2% | 18 | +5.3% |
| Not measured | 0.0% | 0 | — |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 9.3% | 33 | +4.3% |
| Medium horizon | 11.7% | 38 | -21.0% |
| Long horizon | 59.0% | 125 | +17.4% |
| Unknown | 20.1% | 25 | -1.6% |
| Not measured | 0.0% | 0 | — |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 12.4% | 44 | -13.0% |
| $1B to $10B | 19.2% | 61 | -16.3% |
| $10B to $100B | 24.8% | 58 | +5.6% |
| $100B or more | 43.6% | 58 | +29.6% |
| Not measured | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Individuals and high net worth | 5.0% | 46 | -12.2% |
| Pooled investment vehicles | 16.8% | 29 | -24.1% |
| Registered funds and BDCs | 22.6% | 17 | -1.2% |
| Pension and profit sharing plans | 0.0% | 2 | -7.3% |
| Insurance companies | 0.1% | 3 | +8.0% |
| Governments and sovereign funds | 3.1% | 8 | +3.9% |
| Other investment advisers | 0.0% | 3 | +341.3% |
| Other | 0.0% | 1 | new |
| Diversified | 14.6% | 12 | +62.0% |
| Unknown | 37.7% | 100 | +19.9% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 24.7% | 45 | -15.3% |
| Private equity funds | 6.2% | 8 | -11.4% |
| Venture capital funds | 0.0% | 2 | 0.0% |
| Real estate funds | 0.0% | 3 | +7.5% |
| Securitized asset funds | 0.1% | 1 | +3882.9% |
| Other private funds | 11.3% | 12 | -3.4% |
| Mixed private funds | 5.3% | 1 | +5391.4% |
| Private funds, type not stated | 0.0% | 2 | +4.9% |
| No private funds | 16.8% | 52 | -1.5% |
| Unknown | 35.5% | 95 | +21.7% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 95.4% | 190 | +5.1% |
| Outside the US | 4.6% | 31 | +30.5% |
The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.
How the mix is measured
Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.
Excluded 2 holders with no observed 2026-03-31 13F and 2 holders with no observed 2026-06-30 13F. Compared across CIK changes: JANUS HENDERSON GROUP PLC continues as Jupiter Topco LLC.
Conviction and Crowding
221 13F filers, quarter ended Jun 30, 2026Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.
Managers in the top fifth by current three-year FundScore alpha were net sellers of $9,295,537 (0 buying, 1 selling).
Estimated Holder Cost Basis
Quarter ended Jun 30, 2026, on that quarter's share basisEstimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.
Estimated cost covers 59.8% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.
Shared Holders
Companies LINC's active holders also own, quarter ended Jun 30, 2026| # | Company | Shared holders |
|---|---|---|
| 1 | UTI Universal Technical Institute Inc | 15 |
| 2 | AIP Arteris, Inc. | 7 |
| 3 | PKE Park Aerospace Corp | 7 |
| 4 | LIND Lindblad Expeditions Holdings, Inc. | 7 |
| 5 | ATRO Astronics Corp | 8 |
| 6 | MAMA Mama's Creations, Inc. | 6 |
| 7 | NPKI NPK International Inc. | 6 |
| 8 | LYTS Lsi Industries Inc | 5 |
| 9 | LQDT Liquidity Services Inc | 4 |
| 10 | OFRM Once Upon a Farm, PBC | 3 |
Shareholder Targets
13F filers that own its peers but not LINC, quarter ended Jun 30, 2026Found through its holder-overlap peers: UTI, AIP, PKE, LIND, ATRO, MAMA, NPKI, LYTS, LQDT, OFRM, DSP, AEHR, LASR, LTRX, MG, FEIM, SPHR, DHC, GHM, CECO. 926 filers in all.
| # | Filer | In peers | Largest peers |
|---|---|---|---|
| 1 | Jericho Capital Asset Management L.P. Registered adviser, Diversified active | $450,849,563 1 held | SPHR |
| 2 | T. Rowe Price Investment Management, Inc. Adviser, Diversified active | $447,138,552 8 held | CECO, SPHR, GHM |
| 3 | AMERIPRISE FINANCIAL INC Adviser, Diversified active | $402,701,878 15 held | SPHR, NPKI, LQDT |
| 4 | ARIEL INVESTMENTS, LLC Registered adviser, Diversified active | $366,163,904 2 held | SPHR, LIND |
| 5 | SANDS CAPITAL MANAGEMENT, LLC Registered adviser, Diversified active | $235,030,282 1 held | SPHR |
| 6 | BRANDES INVESTMENT PARTNERS, LP Registered adviser, Diversified active | $230,584,016 2 held | GHM, PKE |
| 7 | GILDER GAGNON HOWE & CO LLC Registered adviser, Diversified active | $223,080,867 8 held | SPHR, LASR, UTI |
| 8 | Flat Footed LLC Registered adviser, Concentrated | $218,429,118 1 held | DHC |
| 9 | D. E. Shaw & Co., Inc. Unknown, Systematic-like | $217,329,163 11 held | AEHR, ATRO, SPHR |
| 10 | MILLENNIUM MANAGEMENT LLC Registered adviser, Systematic-like | $201,458,018 14 held | OFRM, SPHR, LASR |
Fund Ownership of LINC by Fund Type
Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026Index funds and index ETFs hold 12.91% of shares outstanding.
| Fund type | Of shares outstanding | Shares |
|---|---|---|
| Index funds | 3.16% | 1,001,790 |
| Index ETFs | 9.75% | 3,092,522 |
| Active ETFs | 0.86% | 271,505 |
| Active funds | 18.22% | 5,779,164 |
| Unclassified | 2.71% | 859,233 |
| All registered funds | 34.69% | 11,004,214 |
How fund types are measured
Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Mega BlackRock, Inc. Holding company | $123,905,736 | 8.61% | 2,483,081 | Shares | 2026-08-07 | |
| Small Juniper Investment Company, LLC Registered adviser | $86,475,003 | 6.01% | 1,732,966 | Shares | 2026-08-14 | |
| Mega ALLIANCEBERNSTEIN L.P. Registered adviser | $77,986,514 | 5.42% | 1,562,856 | Shares | 2026-08-14 | |
| Mid NEEDHAM INVESTMENT MANAGEMENT LLC Registered adviser | $66,117,500 | 4.59% | 1,325,000 | Shares | 2026-08-14 | |
| Mega VANGUARD CAPITAL MANAGEMENT LLC Registered adviser | $60,952,450 | 4.23% | 1,221,492 | Shares | 2026-08-13 | |
| Mid NEXT CENTURY GROWTH INVESTORS LLC Adviser | $58,655,553 | 4.07% | 1,175,462 | Shares | 2026-08-14 | |
| Large Driehaus Capital Management LLC Registered adviser | $47,483,642 | 3.30% | 951,576 | Shares | 2026-08-14 | |
| Mega GEODE CAPITAL MANAGEMENT, LLC Registered adviser | $43,770,932 | 3.04% | 877,173 | Shares | 2026-08-12 | |
| Mega AMERICAN CENTURY COMPANIES INC | $40,622,791 | 2.82% | 814,084 | Shares | 2026-08-12 | |
| Large Alyeska Investment Group, L.P. Registered adviser | $36,459,834 | 2.53% | 730,658 | Shares | 2026-08-14 | |
| Mega DIMENSIONAL FUND ADVISORS LP Registered adviser | $34,743,173 | 2.41% | 696,256 | Shares | 2026-08-11 | |
| Mega STATE STREET CORP Bank | $33,370,774 | 2.32% | 668,753 | Shares | 2026-09-22 | |
| Large First Eagle Investment Management, LLC Registered adviser | $30,714,947 | 2.13% | 615,530 | Shares | 2026-08-24 | |
| Large LORD, ABBETT & CO. LLC Registered adviser | $30,712,402 | 2.13% | 615,479 | Shares | 2026-08-14 | |
| Mid Nicholas Investment Partners, LP Registered adviser | $26,543,556 | 1.84% | 531,935 | Shares | 2026-08-14 | |
| Mid RBF Capital, LLC | $24,903,593 | 1.73% | 499,070 | Shares | 2026-08-14 | |
| Large ROYCE & ASSOCIATES LP Registered adviser | $22,473,512 | 1.56% | 450,371 | Shares | 2026-08-14 | |
| Mega GOLDMAN SACHS GROUP INC Holding company | $21,843,625 | 1.52% | 437,748 | Shares | 2026-08-14 | |
| Large PRUDENTIAL FINANCIAL INC Insurer | $21,375,164 | 1.48% | 428,360 | Shares | 2026-08-12 | |
| Mega VANGUARD PORTFOLIO MANAGEMENT LLC Registered adviser | $20,635,246 | 1.43% | 413,532 | Shares | 2026-08-13 | |
| Mega TWO SIGMA INVESTMENTS, LP Registered adviser | $18,957,459 | 1.32% | 379,909 | Shares | 2026-08-14 | |
| Mega Qube Research & Technologies Ltd Exempt adviser | $18,236,054 | 1.27% | 365,452 | Shares | 2026-08-14 | |
| Small Pillsbury Lake Capital LLC Registered adviser | $17,773,731 | 1.23% | 356,187 | Shares | 2026-08-14 | |
| Mega JPMORGAN CHASE & CO Bank | $15,416,552 | 1.07% | 308,949 | Shares | 2026-08-12 | |
| Mega WELLINGTON MANAGEMENT GROUP LLP Holding company | $14,789,061 | 1.03% | 296,374 | Shares | 2026-08-14 | |
| Mega NORTHERN TRUST CORP Bank | $14,064,163 | 0.98% | 281,847 | Shares | 2026-08-13 | |
| Large AXIOM INVESTORS LLC /DE Registered adviser | $13,752,939 | 0.96% | 275,610 | Shares | 2026-08-12 | |
| Large Verition Fund Management LLC Registered adviser | $13,237,871 | 0.92% | 265,288 | Shares | 2026-08-14 | |
| Mega CHARLES SCHWAB INVESTMENT MANAGEMENT INC Registered adviser | $12,413,124 | 0.86% | 248,760 | Shares | 2026-08-14 | |
| Large PANAGORA ASSET MANAGEMENT INC Registered adviser | $11,752,398 | 0.82% | 235,519 | Shares | 2026-08-06 | |
| Mid Uniplan Investment Counsel, Inc. Registered adviser | $10,703,599 | 0.74% | 214,501 | Shares | 2026-08-14 | |
| Large RENAISSANCE TECHNOLOGIES LLC Registered adviser | $10,662,881 | 0.74% | 213,685 | Shares | 2026-08-13 | |
| Mega VANGUARD FIDUCIARY TRUST CO | $10,464,279 | 0.73% | 209,705 | Shares | 2026-08-13 | |
| Small AUXIER ASSET MANAGEMENT LLC Registered adviser | $10,429,399 | 0.72% | 209,006 | Shares | 2026-08-14 | |
| Mega JANE STREET GROUP, LLC | $10,113,681 | 0.70% | 202,679 | Shares | 2026-08-14 | |
| Mid PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Registered adviser | $10,007,445 | 0.70% | 200,550 | Shares | 2026-08-14 | |
| Large Connor, Clark & Lunn Investment Management Ltd. Registered adviser | $9,929,700 | 0.69% | 198,992 | Shares | 2026-08-13 | |
| Large ACADIAN ASSET MANAGEMENT LLC | $9,847,465 | 0.68% | 197,344 | Shares | 2026-08-13 | |
| Mega BANK OF AMERICA CORP /DE/ Bank | $9,505,949 | 0.66% | 190,500 | Shares | 2026-08-14 | |
| Mid J. Goldman & Co LP Registered adviser | $9,419,473 | 0.65% | 188,767 | Shares | 2026-08-14 | |
| Mid Legato Capital Management LLC Registered adviser | $9,135,392 | 0.63% | 183,074 | Shares | 2026-08-06 | |
| Large MARSHALL WACE, LLP Exempt adviser | $8,828,606 | 0.61% | 176,926 | Shares | 2026-08-13 | |
| Mega MORGAN STANLEY Holding company | $8,395,222 | 0.58% | 168,241 | Shares | 2026-08-13 | |
| Mid CASTLEARK MANAGEMENT LLC Registered adviser | $8,129,209 | 0.56% | 162,910 | Shares | 2026-08-14 | |
| Mid Journey Advisory Group, LLC Registered adviser | $7,793,332 | 0.54% | 156,179 | Shares | 2026-08-04 | |
| Small Harvest Investment Services, LLC Registered adviser | $7,585,348 | 0.53% | 152,011 | Shares | 2026-08-14 | |
| Large NEW YORK STATE COMMON RETIREMENT FUND | $7,455,808 | 0.52% | 149,415 | Shares | 2026-07-29 | |
| Mega Invesco Ltd. Adviser | $7,230,160 | 0.50% | 144,893 | Shares | 2026-08-14 | |
| Small Praetorian PR LLC Registered adviser | $7,110,750 | 0.49% | 142,500 | Shares | 2026-08-14 | |
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP | $6,540,791 | 0.45% | 131,078 | Shares | 2026-08-14 | |
| Large WASATCH ADVISORS LP Registered adviser | $6,408,609 | 0.45% | 293,032 | Shares | 2026-10-13 | |
| Mega NEUBERGER BERMAN GROUP LLC Holding company | $6,281,960 | 0.44% | 125,891 | Shares | 2026-08-13 | |
| Small ESSEX INVESTMENT MANAGEMENT CO LLC Registered adviser | $6,084,343 | 0.42% | 278,205 | Shares | 2026-10-19 | |
| Large Trexquant Investment LP Registered adviser | $5,843,639 | 0.41% | 117,107 | Shares | 2026-08-14 | |
| Mid Militia Capital Management LLC Registered adviser | $5,525,476 | 0.38% | 110,731 | Shares | 2026-08-12 | |
| Mid Informed Momentum Co LLC Registered adviser | $5,508,760 | 0.38% | 110,396 | Shares | 2026-08-13 | |
| Mega SEI INVESTMENTS CO | $5,188,451 | 0.36% | 103,977 | Shares | 2026-08-14 | |
| Mid HEARTLAND ADVISORS INC Registered adviser | $4,990,000 | 0.35% | 100,000 | Shares | 2026-08-11 | |
| Mid RICE HALL JAMES & ASSOCIATES, LLC Registered adviser | $4,969,690 | 0.35% | 99,593 | Shares | 2026-08-07 | |
| Large Private Advisor Group, LLC Registered adviser | $4,966,397 | 0.34% | 99,527 | Shares | 2026-07-27 | |
| Mid PRELUDE CAPITAL MANAGEMENT, LLC Registered adviser | $4,880,968 | 0.34% | 97,815 | Shares | 2026-08-14 | |
| Mid North Star Investment Management Corp. Adviser | $4,804,122 | 0.33% | 96,275 | Shares | 2026-07-28 | |
| Mega Bank of New York Mellon Corp Bank | $4,613,203 | 0.32% | 92,449 | Shares | 2026-08-06 | |
| Small LONESTAR CAPITAL MANAGEMENT LLC | $4,187,158 | 0.29% | 83,911 | Shares | 2026-08-14 | |
| Large HRT FINANCIAL LP | $4,082,418 | 0.28% | 81,812 | Shares | 2026-08-14 | |
| Small MYDA Advisors LLC Registered adviser | $3,742,500 | 0.26% | 75,000 | Shares | 2026-08-13 | |
| Mega JANE STREET GROUP, LLC | $3,507,970 | 0.24% | 70,300 | Call | 2026-08-14 | |
| Mega Nuveen, LLC | $3,463,159 | 0.24% | 69,402 | Shares | 2026-08-11 | |
| Small Manatuck Hill Partners, LLC Registered adviser | $3,391,852 | 0.24% | 67,973 | Shares | 2026-08-14 | |
| Large Squarepoint Ops LLC Registered adviser | $3,245,396 | 0.23% | 65,038 | Shares | 2026-08-14 | |
| Mega ROYAL BANK OF CANADA Bank | $3,164,956 | 0.22% | 63,426 | Shares | 2026-08-14 | |
| Mid BOOTHBAY FUND MANAGEMENT, LLC Registered adviser | $2,938,311 | 0.20% | 58,884 | Shares | 2026-08-14 | |
| Mega Swiss National Bank | $2,779,430 | 0.19% | 55,700 | Shares | 2026-08-11 | |
| Small Huntleigh Advisors, Inc. Registered adviser | $2,748,841 | 0.19% | 55,087 | Shares | 2026-08-04 | |
| Large Universal- Beteiligungs- und Servicegesellschaft mbH | $2,746,346 | 0.19% | 55,037 | Shares | 2026-08-06 | |
| Mid Y-Intercept (Hong Kong) Ltd Exempt adviser | $2,706,171 | 0.19% | 123,739 | Shares | 2026-10-16 | |
| Mid Polymer Capital Management (HK) LTD Exempt adviser | $2,495,000 | 0.17% | 50,000 | Shares | 2026-08-13 | |
| Large TUDOR INVESTMENT CORP ET AL Registered adviser | $2,378,633 | 0.17% | 47,668 | Shares | 2026-08-14 | |
| Mega RHUMBLINE ADVISERS Registered adviser | $2,351,138 | 0.16% | 47,117 | Shares | 2026-08-12 | |
| Mid ALGERT GLOBAL LLC Registered adviser | $2,316,058 | 0.16% | 46,414 | Shares | 2026-08-13 | |
| Small Pullen Investment Management, LLC Registered adviser | $2,237,915 | 0.16% | 44,848 | Shares | 2026-07-29 | |
| Mid J. Goldman & Co LP Registered adviser | $2,145,700 | 0.15% | 43,000 | Call | 2026-08-14 | |
| Mega UBS Group AG Bank | $2,092,406 | 0.15% | 41,932 | Shares | 2026-08-13 | |
| Mid XTX Topco Ltd | $2,083,275 | 0.14% | 41,749 | Shares | 2026-08-14 | |
| Mega AQR CAPITAL MANAGEMENT LLC Registered adviser | $1,926,238 | 0.13% | 38,602 | Shares | 2026-08-14 | |
| Mega HSBC HOLDINGS PLC | $1,670,602 | 0.12% | 33,479 | Shares | 2026-08-14 | |
| Mega RAYMOND JAMES FINANCIAL INC | $1,634,623 | 0.11% | 32,758 | Shares | 2026-08-14 | |
| Mega WELLS FARGO & COMPANY/MN Bank | $1,626,788 | 0.11% | 32,601 | Shares | 2026-08-14 | |
| Mid Jump Financial, LLC | $1,615,762 | 0.11% | 32,380 | Shares | 2026-08-13 | |
| Mega CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM Benefit plan | $1,575,842 | 0.11% | 31,580 | Shares | 2026-08-24 | |
| Micro Dauntless Investment Group, LLC | $1,549,195 | 0.11% | 31,046 | Shares | 2026-08-13 | |
| Mega DEUTSCHE BANK AG\ Non-US | $1,538,566 | 0.11% | 30,833 | Shares | 2026-08-07 | |
| Large STATE OF WISCONSIN INVESTMENT BOARD Benefit plan | $1,526,989 | 0.11% | 30,601 | Shares | 2026-08-14 | |
| Small Steadtrust LLC | $1,511,471 | 0.10% | 30,290 | Shares | 2026-07-09 | |
| Large Quantinno Capital Management LP Registered adviser | $1,452,389 | 0.10% | 29,106 | Shares | 2026-08-13 | |
| Mega Creative Planning Registered adviser | $1,435,173 | 0.10% | 28,761 | Shares | 2026-08-13 | |
| Mid Numerai GP LLC Registered adviser | $1,322,449 | 0.09% | 26,502 | Shares | 2026-08-14 | |
| Mega CITADEL ADVISORS LLC Registered adviser | $1,312,370 | 0.09% | 26,300 | Put | 2026-09-02 | |
| Mega CITADEL ADVISORS LLC Registered adviser | $1,262,470 | 0.09% | 25,300 | Call | 2026-09-02 | |
| Small HANSEATIC MANAGEMENT SERVICES INC Registered adviser | $1,241,062 | 0.09% | 24,871 | Shares | 2026-08-07 |
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