Lincoln Educational Services Corporation
US ˙ NasdaqGS ˙ US5335351004

SecurityLINC / Lincoln Educational Services Corporation
InstitutionMorgan Stanley
Latest Disclosed Ownership161,742 shares
Latest Disclosed Value $ 6,579,665
Morgan Stanley reports 43.36% increase in ownership of LINC / Lincoln Educational Services Corporation

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 161,742 shares of Lincoln Educational Services Corporation (US:LINC) valued at $6,579,665 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 112,821 shares of Lincoln Educational Services Corporation. This represents a change in shares of 43.36% during the quarter. The current value of the position is $8,184,145 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)
2026-05-15 2026-03-31 13F LINCOLN EDL SVCS COM 533535100 161,742 48,921 43.36 6,580 141.52 0.0004
2026-05-27 2025-12-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 112,821 -115,903 -50.67 2,725 -49.32 0.0002
2026-02-13 2025-12-31 13F LINCOLN EDL SVCS COM 533535100 112,821 -115,903 2,725 0.0002
2026-05-27 2025-09-30 13F/A-1 LINCOLN EDL SVCS COM 533535100 228,724 49,653 27.73 5,375 30.24 0.0003
2025-11-14 2025-09-30 13F LINCOLN EDL SVCS COM 533535100 228,724 49,653 5,375 0.0003
2025-08-15 2025-06-30 13F LINCOLN EDL SVCS COM 533535100 179,071 2,959 1.68 4,128 47.71 0.0003
2025-05-15 2025-03-31 13F LINCOLN EDL SVCS COM 533535100 176,112 62,306 54.75 2,795 55.22 0.0002
2025-05-15 2024-12-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 113,806 16,512 16.97 1,800 55.04 0.0001
2025-02-14 2024-12-31 13F LINCOLN EDL SVCS COM 533535100 113,806 16,512 1,800 0.0001
2025-05-14 2024-09-30 13F/A-2 LINCOLN EDL SVCS COM 533535100 97,294 44,485 84.24 1,162 85.46 0.0001
2025-02-14 2024-09-30 13F/A-1 LINCOLN EDL SVCS COM 533535100 97,294 44,485 1,162 0.0001
2024-11-14 2024-09-30 13F LINCOLN EDL SVCS COM 533535100 97,294 44,485 1,162 0.0000
2025-05-14 2024-06-30 13F/A-2 LINCOLN EDL SVCS COM 533535100 52,809 -7,463 -12.38 626 0.64 0.0000
2024-10-17 2024-06-30 13F/A-1 LINCOLN EDL SVCS COM 533535100 52,809 -7,463 626 0.0000
2024-08-14 2024-06-30 13F LINCOLN EDL SVCS COM 533535100 52,809 -7,463 626 0.0000
2024-10-17 2024-03-31 13F/A-2 LINCOLN EDL SVCS COM 533535100 60,272 -4,782 -7.35 623 -4.75 0.0000
2024-08-16 2024-03-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 60,272 -4,782 623 0.0000
2024-05-15 2024-03-31 13F LINCOLN EDL SVCS COM 533535100 60,272 -4,782 623 0.0000
2024-08-16 2023-12-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 65,054 32,620 100.57 653 138.32 0.0001
2024-02-13 2023-12-31 13F LINCOLN EDL SVCS COM 533535100 65,054 32,620 653 0.0001
2023-11-15 2023-09-30 13F LINCOLN EDL SVCS COM 533535100 32,434 -3,164 -8.89 274 14.64 0.0000
2023-08-14 2023-06-30 13F LINCOLN EDL SVCS COM 533535100 35,598 -7,726 -17.83 240 -2.45 0.0000
2023-05-15 2023-03-31 13F LINCOLN EDL SVCS COM 533535100 43,324 17,964 70.84 245 67.81 0.0000
2023-02-14 2022-12-31 13F LINCOLN EDL SVCS COM 533535100 25,360 699 2.83 147 8.96 0.0000
2022-11-14 2022-09-30 13F LINCOLN EDL SVCS COM 533535100 24,661 -183 -0.74 134 -14.10 0.0000
2022-10-27 2022-06-30 13F/A-1 LINCOLN EDL SVCS COM 533535100 24,844 -7,344 -22.82 156 -32.17 0.0000
2022-08-15 2022-06-30 13F LINCOLN EDL SVCS COM 533535100 24,844 -7,344 156 0.0000
2022-10-27 2022-03-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 32,188 3,575 12.49 230 7.98 0.0000
2022-05-13 2022-03-31 13F LINCOLN EDL SVCS COM 533535100 32,188 3,575 230 0.0000
2022-02-14 2021-12-31 13F LINCOLN EDL SVCS COM 533535100 28,613 -217,355 -88.37 213 -87.05 0.0000
2021-11-15 2021-09-30 13F LINCOLN EDL SVCS COM 533535100 245,968 -2,118 -0.85 1,645 -14.77 0.0002
2021-08-23 2021-06-30 13F/A-1 LINCOLN EDL SVCS COM 533535100 248,086 235,756 1,912.05 1,930 2,343.04 0.0003
2021-08-16 2021-06-30 13F LINCOLN EDL SVCS COM 533535100 248,086 235,756 1,930 0.0001
2021-05-17 2021-03-31 13F LINCOLN EDL SVCS COM 533535100 12,330 12,300 41,000.00 79 -95.91 0.0000
2021-02-16 2020-12-31 13F LINCOLN EDL SVCS COM 533535100 30 30 -99.76 0 -100.00 0.0000
2020-11-13 2020-09-30 13F LINCOLN EDL SVCS COM 533535100 0 -30 -100.00 0 0.0000
2020-08-14 2020-06-30 13F LINCOLN EDL SVCS COM 533535100 30 -22 -42.31 0 0.0000
2020-05-26 2020-03-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 52 -12 -18.75 0 0.0000
2020-05-15 2020-03-31 13F LINCOLN EDL SVCS COM 533535100 52 -12 0 0.0000
2020-02-14 2019-12-31 13F LINCOLN EDL SVCS COM 533535100 64 24 60.00 0 0.0000
2019-11-14 2019-09-30 13F LINCOLN EDL SVCS COM 533535100 40 -210 -84.00 0 -100.00
2019-08-14 2019-06-30 13F LINCOLN EDL SVCS COM 533535100 250 233 1,370.59 1 0.0000
2019-05-15 2019-03-31 13F LINCOLN EDL SVCS COM 533535100 17 -959 -98.26 0 -100.00
2019-02-14 2018-12-31 13F LINCOLN EDL SVCS COM 533535100 976 -7 -0.71 3 50.00 0.0000
2019-04-23 2018-09-30 13F/A-2 LINCOLN EDL SVCS COM 533535100 983 885 903.06 2 -33.33 0.0000
2018-11-20 2018-09-30 13F/A-1 LINCOLN EDL SVCS COM 533535100 983 0 2 0.0000
2018-11-14 2018-09-30 13F LINCOLN EDL SVCS COM 533535100 983 885 2
2019-04-23 2018-06-30 13F/A-1 LINCOLN EDL SVCS COM 533535100 98 0 0.00 0 -100.00 0.0000
2018-08-14 2018-06-30 13F LINCOLN EDL SVCS COM 533535100 98 0 0
2019-04-23 2018-03-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 98 -395 -80.12 0 -100.00
2018-05-14 2018-03-31 13F LINCOLN EDL SVCS COM 533535100 98 -395 0
2019-04-23 2017-12-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 493 493 403.06 1 0.0000
2018-02-14 2017-12-31 13F LINCOLN EDL SVCS COM 533535100 493 493 1
2017-11-14 2017-09-30 13F LINCOLN EDL SVCS COM 533535100 0 -2 -100.00 0 -100.00 0.0000
2017-08-11 2017-06-30 13F LINCOLN EDL SVCS COM 533535100 2 -4,198 -99.95 0 -100.00
2017-05-22 2017-03-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 4,200 -21,751 -83.82 12 -75.51 0.0000
2017-05-12 2017-03-31 13F LINCOLN EDL SVCS COM 533535100 4,200 12
2017-02-22 2016-12-31 13F/A-1 LINCOLN EDL SVCS COM 533535100 25,951 -7,082 -21.44 49 -31.94 0.0000
2017-02-13 2016-12-31 13F LINCOLN EDL SVCS COM 533535100 25,951 49
2016-11-10 2016-09-30 13F LINCOLN EDL SVCS COM 533535100 33,033 -13,042 -28.31 72 4.35 0.0000
2016-08-12 2016-06-30 13F LINCOLN EDL SVCS COM 533535100 46,075 46,075 39.48 69 -4.17 0.0000
2016-02-08 2015-09-30 13F/A-1 LINCOLN EDL SVCS COM 533535100 0 -2,738 -100.00 0 -100.00
2015-08-12 2015-06-30 13F LINCOLN EDL SVCS COM 533535100 2,738 -1,387 -33.62 6 -33.33 0.0000
2015-05-14 2015-03-31 13F LINCOLN EDL SVCS COM 533535100 4,125 4,110 27,400.00 9 50.00 0.0000
2015-02-13 2014-12-31 13F LINCOLN EDL SVCS COM 533535100 15 -158 -91.33 0 -100.00 0.0000
2014-12-16 2014-09-30 13F/A-1 LINCOLN EDL SVCS COM 533535100 173 -8,990 -98.11 0 -100.00
2014-11-14 2014-09-30 13F LINCOLN EDL SVCS COM 533535100 173 0
2014-05-13 2014-03-31 13F LINCOLN EDL SVCS COM 533535100 9,163 2,548 38.52 34 3.03 0.0000
2014-02-13 2013-12-31 13F LINCOLN EDL SVCS COM 533535100 6,615 6,615 33 0.0000
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.