LINCOLN EDL SVCS CORP LINC
COM · Common Stock · CUSIP 533535100
- IndustryServices-Educational Services
- HeadquartersParsippany, NJ
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($480.9k this quarter). Holder counts are more reliable. Shares outstanding: 31.6m as of 2025-11-10, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $23.51. Options: 5 managers hold calls ($2.5m notional), 3 hold puts ($845.6k).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 54 |
| Q4 2022 | 66 |
| Q1 2023 | 70 |
| Q2 2023 | 78 |
| Q3 2023 | 90 |
| Q4 2023 | 95 |
| Q1 2024 | 95 |
| Q2 2024 | 107 |
| Q3 2024 | 107 |
| Q4 2024 | 114 |
| Q1 2025 | 127 |
| Q2 2025 | 140 |
| Q3 2025 | 147 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 45 | 37 |
| Q1 2024 | 43 | 46 |
| Q2 2024 | 58 | 43 |
| Q3 2024 | 60 | 40 |
| Q4 2024 | 63 | 47 |
| Q1 2025 | 69 | 47 |
| Q2 2025 | 82 | 57 |
| Q3 2025 | 72 | 68 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $146.5k | $164.0k | 1.12 |
| Q1 2025 | $896.7k | $376.1k | 0.42 |
| Q2 2025 | $7.8m | $573.6k | 0.07 |
| Q3 2025 | $2.5m | $845.6k | 0.34 |
Biggest buyers
| CANNELL CAPITAL LLC | Added | +411.1k |
| Alyeska Investment Group, L.P. | Added | +300.0k |
| NEEDHAM INVESTMENT MANAGEMENT LLC | Added | +255.5k |
| Driehaus Capital Management LLC | Added | +218.2k |
| AMERICAN CENTURY COMPANIES INC | Added | +182.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +158.7k |
| MARSHALL WACE, LLP | New | +151.1k |
| Squarepoint Ops LLC | New | +115.9k |
| OBERWEIS ASSET MANAGEMENT INC/ | Added | +112.0k |
| HRT FINANCIAL LP | New | +111.9k |
Biggest sellers
| Russell Investments Group, Ltd. | Reduced | -251.5k |
| SG Capital Management LLC | Sold out | -170.6k |
| Informed Momentum Co LLC | Sold out | -170.1k |
| Calamos Advisors LLC | Reduced | -156.7k |
| Manatuck Hill Partners, LLC | Reduced | -143.9k |
| Invesco Ltd. | Reduced | -126.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -98.7k |
| FIRST TRUST ADVISORS LP | Sold out | -94.8k |
| Portolan Capital Management, LLC | Reduced | -74.7k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -69.5k |
Biggest calls
| PEAK6 LLC | Reduced | $1.2m49.0k shares |
| CITADEL ADVISORS LLC | Added | $674.5k28.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $582.8k24.8k shares |
| GROUP ONE TRADING LLC | New | $37.6k1.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $16.0k700 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $462.9k19.7k shares |
| CITADEL ADVISORS LLC | New | $333.7k14.2k shares |
| SIMPLEX TRADING, LLC | Added | $49.0k2.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +1.0 pts · filed 2026-07-29 | 7.5% |
Juniper Investment Company, LLC
13D · may seek influence
-1.2 pts · filed 2026-06-15
Stated purposeItem 4 is hereby amended and supplemented by adding the following information.Between February 27, 2026, and June 12, 2026, Juniper Targeted Opportunity Fund, L.P. sold 355,345 shares at an aggregate sale price of approximately $15,580,130, which includes brokerage commissions, in the open market. John A. Bartholdson received an award of 3,515 shares of Restricted Stock valued at $155,000 on May 7, 2026. Full filing |
6.1% |
Fell to 5% or below in the last year: Alyeska Investment Group, L.P. (2.4%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 1 | $232.5k | — |
| Q1 2024 | 0 | — | 3 | $1.1m | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 3 | $1.8m | — |
| Q1 2025 | 0 | — | 1 | $7.3m | — |
| Q2 2025 | 0 | — | 4 | $1.6m | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| Juniper Investment Company, LLC 21.24% of their portfolio | 2.4m $55.5m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 2.1m $50.4m | Reduced -16.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.7m $39.5m | Added +58.6k |
| Alyeska Investment Group, L.P. 0.10% of their portfolio | 1.4m $34.1m | Added +300.0k |
| HEARTLAND ADVISORS INC 1.60% of their portfolio | 1.3m $30.3m | Reduced -5.8k |
| WASATCH ADVISORS LP 0.15% of their portfolio | 1.2m $27.5m | Added +53.3k |
| NEEDHAM INVESTMENT MANAGEMENT LLC 1.42% of their portfolio | 865.0k $20.3m | Added +255.5k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 805.4k $18.9m | Reduced -54.5k |
| First Eagle Investment Management, LLC 0.03% of their portfolio | 774.6k $18.2m | Reduced -14.6k |
| NEXT CENTURY GROWTH INVESTORS LLC 1.30% of their portfolio | 759.9k $17.9m | Added +40.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 707.7k $16.6m | Reduced -20.8k |
| STATE STREET CORP 0.00% of their portfolio | 601.0k $14.1m | Reduced -15.7k |
| CANNELL CAPITAL LLC 3.56% of their portfolio | 576.5k $13.5m | Added +411.1k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 572.5k $13.5m | Added +182.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 523.7k $12.3m | Reduced -11.1k |
| RBF Capital, LLC 0.54% of their portfolio | 499.1k $11.7m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 495.7k $11.6m | Added +22.5k |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 445.0k $10.5m | Added +35.3k |
| Driehaus Capital Management LLC 0.07% of their portfolio | 401.6k $9.4m | Added +218.2k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 1.43% of their portfolio | 397.4k $9.3m | Added +12.8k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.51% of their portfolio | 371.8k $8.7m | Reduced -61.9k |
| Portolan Capital Management, LLC 0.41% of their portfolio | 319.9k $7.5m | Reduced -74.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 314.4k $7.4m | Reduced -38.0k |
| Uniplan Investment Counsel, Inc. 0.72% of their portfolio | 314.0k $7.4m | Reduced -48.6k |
| Pacific Ridge Capital Partners, LLC 1.61% of their portfolio | 312.6k $7.3m | Added +77.7k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.27% of their portfolio | 301.6k $7.1m | Added +112.0k |
| Journey Advisory Group, LLC 0.44% of their portfolio | 255.1k $6.0m | Reduced -36.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 248.1k $5.8m | Added +158.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 239.5k $5.6m | Reduced -5.5k |
| AUXIER ASSET MANAGEMENT LLC 0.78% of their portfolio | 236.6k $5.6m | Added +200 |
| MORGAN STANLEY 0.00% of their portfolio | 228.7k $5.4m | Added +49.7k |
| LORD, ABBETT & CO. LLC 0.02% of their portfolio | 222.3k $5.2m | Reduced -29.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 195.9k $4.6m | Added +4.2k |
| ROYCE & ASSOCIATES LP 0.04% of their portfolio | 191.1k $4.5m | Reduced -7.5k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.35% of their portfolio | 187.6k $4.4m | Added +22.2k |
| Pullen Investment Management, LLC 2.34% of their portfolio | 184.1k $4.3m | Added +25.6k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 182.8k $4.3m | Added +20.0k |
| Mariner, LLC 0.01% of their portfolio | 175.6k $4.1m | Reduced -1.9k |
| Militia Capital Partners, LP 0.64% of their portfolio | 171.8k $4.0m | Added +108.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 156.7k $3.7m | Added +70.4k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 151.1k $3.6m | New |
| North Star Investment Management Corp. 0.22% of their portfolio | 143.3k $3.4m | Added +22.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 137.7k $3.2m | Added +105.7k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.17% of their portfolio | 129.1k $3.0m | Reduced -61.9k |
| Private Advisor Group, LLC 0.01% of their portfolio | 119.4k $2.8m | Unchanged |
| Squarepoint Ops LLC 0.01% of their portfolio | 115.9k $2.7m | New |
| Legato Capital Management LLC 0.29% of their portfolio | 114.5k $2.7m | Unchanged |
| HRT FINANCIAL LP 0.01% of their portfolio | 111.9k $2.6m | New |
| Harvest Investment Services, LLC 0.53% of their portfolio | 111.9k $2.6m | Added +45.6k |
| Manatuck Hill Partners, LLC 0.88% of their portfolio | 110.7k $2.6m | Reduced -143.9k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 103.3k $2.4m | Reduced -251.5k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio | 99.2k $2.3m | Added +46.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 87.2k $2.0m | Reduced -57.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 78.8k $1.9m | Added +7.2k |
| UBS Group AG 0.00% of their portfolio | 78.1k $1.8m | Reduced -16.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 76.3k $1.8m | New |
| AMH Equity Ltd 2.21% of their portfolio | 75.0k $1.8m | Unchanged |
| BAILARD, INC. 0.03% of their portfolio | 67.8k $1.6m | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 60.6k $1.4m | Unchanged |
| Secure Asset Management, LLC 0.21% of their portfolio | 56.1k $1.3m | Added +103 |
| Dauntless Investment Group, LLC 3.45% of their portfolio | 56.0k $1.3m | Added +25.5k |
| Calamos Advisors LLC 0.01% of their portfolio | 55.4k $1.3m | Reduced -156.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 52.4k $1.2m | Reduced -447 |
| Invesco Ltd. 0.00% of their portfolio | 47.7k $1.1m | Reduced -126.6k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 46.4k $1.1m | Reduced -1.9k |
| BARCLAYS PLC 0.00% of their portfolio | 43.0k $1.0m | Reduced -8.8k |
| Atom Investors LP 0.07% of their portfolio | 40.1k $943.2k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 39.4k $925.8k | Added +19.3k |
| Perritt Capital Management Inc 0.43% of their portfolio | 38.8k $911.8k | Reduced -1.0k |
| CHANNEL WEALTH LLC 0.23% of their portfolio | 37.1k $872.8k | Added +2.4k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 36.4k $841.6k | Reduced -2.8k |
| Trexquant Investment LP 0.01% of their portfolio | 36.2k $851.7k | Reduced -23.8k |
| STRS OHIO 0.00% of their portfolio | 30.0k $705.0k | Added +4.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 29.4k $690.0k | Unchanged |
| Steadtrust LLC 0.47% of their portfolio | 29.3k $689.5k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 28.9k $679.6k | Reduced -8.0k |
| Jump Financial, LLC 0.01% of their portfolio | 22.7k $533.5k | Reduced -25.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 22.3k $523.0k | Added +3.3k |
| Tidal Investments LLC 0.00% of their portfolio | 22.0k $517.3k | Added +8.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 19.9k $467.0k | Added +937 |
| Inspire Investing, LLC 0.04% of their portfolio | 19.4k $456.5k | New |
| Engineers Gate Manager LP 0.01% of their portfolio | 19.3k $453.0k | Added +5.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 19.1k $449.0k | Added +3.8k |
| Sanctuary Advisors, LLC 0.00% of their portfolio | 18.6k $295.5k | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 18.2k $426.7k | Reduced -9.5k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 17.8k $417.7k | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 17.6k $414.6k | New |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 17.5k $410.3k | Reduced -116 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 15.6k $367.0k | Added +765 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 14.3k $335.6k | Added +736 |
| FourThought Financial Partners, LLC 0.03% of their portfolio | 13.9k $325.7k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 13.6k $320.4k | Reduced -2.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 13.1k $308.0k | Added +101 |
| Penbrook Management LLC 0.21% of their portfolio | 12.5k $293.8k | Reduced -17.0k |
| RITHOLTZ WEALTH MANAGEMENT 0.01% of their portfolio | 11.7k $274.6k | Reduced -42 |
| Campbell & CO Investment Adviser LLC 0.02% of their portfolio | 11.5k $269.1k | Reduced -24.8k |
| ALGERT GLOBAL LLC 0.00% of their portfolio | 11.0k $259.6k | Reduced -6.4k |
| SG Americas Securities, LLC 0.00% of their portfolio | 11.0k $258.0k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 10.9k $255.8k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 10.2k $239.5k | Reduced -894 |