Consider a monic linear pencil whose coefficients are matrices. It is naturally evaluated at -tuples of matrices using the Kronecker tensor product, which gives rise to its free locus . In this article it is shown that the algebras and generated by the coefficients of two linear pencils and , respectively, with equal free loci are isomorphic up to radical. Furthermore, if and only if the natural map sending the coefficients of to the coefficients of induces a homomorphism . Since linear pencils are a key ingredient in studying noncommutative rational functions via realization theory, the above results lead to a characterization of all noncommutative rational functions with a given domain. Finally, a quantum version of Kippenhahn’s conjecture on linear pencils is formulated and proved: if hermitian matrices generate as an algebra, then there exist hermitian matrices such that $\sum_i A_i \otimes X_i$ has a simple eigenvalue.

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