LINCOLN NATIONAL LIFE INSURANCE CO /IN/ purchased 87.1% of their position (4.55M shares) of LINCOLN PARTNERS GROUP ROYALTY FUND on the open market
Open‑market purchase worth $50.00M — a major conviction buy. The strongest form of insider conviction signal.
P · 2 purchases
Filed: 2/27/2026ACC: 0001193125-26-079788
→
10% Owner
Since Dec 2025
+4.55M
Net shares
Net buyer
$50.00M
Total acquired
2
Open market trades
2B · 0S
2
Total transactions
4.55M acquired
Non-Derivative Transactions2
Class I shares of beneficial interest
Direct
Shares
+2.30M
Price / share
$10.87
Trade value
$25M
% of position
44.0%
12/19/2025
5.23M→7.53M
Class I shares of beneficial interest
Direct
Shares
+2.25M
Price / share
$11.09
Trade value
$25M
% of position
29.9%
2/25/2026
7.53M→9.78M
Total
Net shares
+4.55M
Net value
$50M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Class I shares of beneficial interest Direct | 12/19/2025 | P · Purchase | +2.30M | $10.87 | $25M | 44.0% | 5.23M | 7.53M |
| Class I shares of beneficial interest Direct | 2/25/2026 | P · Purchase | +2.25M | $11.09 | $25M | 29.9% | 7.53M | 9.78M |
| Total | +4.55M | $50M | ||||||
Derivative Transactions0
No derivative transactions reported
Non-Derivative Holdings (Post-Transaction)3
Class A shares of beneficial interest
DirectShares owned1K
Class D shares of beneficial interest
DirectShares owned1K
Class IS shares of beneficial interest
DirectShares owned1K
Total
3K direct3K
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Class A shares of beneficial interest | 1K | Direct |
| Class D shares of beneficial interest | 1K | Direct |
| Class IS shares of beneficial interest | 1K | Direct |
| Total | 3K | 3K direct |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported