Bill Miller
Miller Value Partners
Bill Miller Lincoln National Corp stake
total: 460
Miller Value Partners LNC trades
- Total transactions:
- 9
- New positions:
- 1
- Added:
- 6
- Reduced:
- 2
- Held since:
- 2024 Q1
- Held for:
- 9 quarters
- Latest activity:
- 2026 Q1
According to 2026 Q1 report, Bill Miller holds 570,690 Lincoln National Corp (LNC) shares with a market value of roughly $20.26M accounting for 5.29% of the overall portfolio. To date, the estimated cost basis is nearly $32.43 for "buy" trades and estimated average "sell" price is $41.36. Miller Value Partners first purchased LNC in 2024 Q1, initially acquiring 198,990 shares. Since the initial investment in Lincoln National Corp (LNC), Miller Value Partners has made 8 more transactions.
When did Bill Miller buy Lincoln National Corp (LNC)?
Bill Miller first invested in Lincoln National Corp (LNC) in 2024 Q1 at the reported quarter-end price of $31.93 per share.
What's the cost basis of Miller Value Partners's LNC stake?
The estimated cost basis for Lincoln National Corp (LNC) stake is around $32.43 per share. This represents their average reported price* across all buy transactions
Estimated cost basis*
- Weighted AVG buy price:
- $32.43
- Weighted AVG sell price:
- $41.36
Bill Miller's historical trades in Lincoln National Corp
9 results
| Period |
% of portfolio |
Shares held after* |
Reported price* |
Value* |
% (shares) of activity |
% change to portfolio |
|---|---|---|---|---|---|---|
|
2026 Q1
|
5.29%
|
570,690
|
$35.50
|
$20,259,495
|
+13.06% (+65,929)
|
+0.61%
|
|
2025 Q4
|
7.92%
|
504,761
|
$44.53
|
$22,477,007
|
-3.06% (-15,915)
|
-0.26%
|
|
2025 Q3
|
7.72%
|
520,676
|
$40.33
|
$20,998,863
|
-8.57% (-48,804)
|
-0.84%
|
|
2025 Q2
|
8.36%
|
569,480
|
$34.60
|
$19,704,008
|
+9.67% (+50,225)
|
+0.74%
|
|
2025 Q1
|
8.50%
|
519,255
|
$35.91
|
$18,646,447
|
+5.18% (+25,570)
|
+0.42%
|
|
2024 Q4
|
6.69%
|
493,685
|
$31.71
|
$15,654,751
|
+28.83% (+110,470)
|
+1.5%
|
|
2024 Q3
|
6.82%
|
383,215
|
$31.51
|
$12,075,105
|
+16.20% (+53,440)
|
+0.95%
|
|
2024 Q2
|
6.55%
|
329,775
|
$31.10
|
$10,256,001
|
+65.72% (+130,785)
|
+2.6%
|
|
2024 Q1
|
4.06%
|
198,990
|
$31.93
|
$6,353,751
|
new
|
+4.06%
|
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.