Lemonade
LMND
350 hedge funds and large institutions have $3.18B invested in Lemonade in 2025 Q4 according to their latest regulatory filings, with 97 funds opening new positions, 115 increasing their positions, 88 reducing their positions, and 41 closing their positions.
137% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 41
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
55% more call options, than puts
Call options by funds: $409M | Put options by funds: $265M
35% more capital invested
Capital invested by funds: $2.36B → $3.18B (+$818M)
31% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 88
17% more funds holding
Funds holding: 300 → 350 (+50)
0.46% less ownership
Funds ownership: 59.73% → 59.27% (-0.46%)
Top Buyers
| 1 |
JP Morgan Chase
New York
|
+$65.7M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$64.8M |
| 3 |
BC
BIT Capital
Berlin,
Germany
|
+$38.4M |
| 4 |
Holocene Advisors
New York
|
+$38.3M |
| 5 |
BlackRock
New York
|
+$32.7M |
Top Sellers
| 1 |
SoftBank Group
Tokyo,
Japan
|
-$177M |
| 2 |
D.E. Shaw & Co
New York
|
-$44.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$39.9M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$26M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$20.8M |
LMND Hedge Fund Activity: Q4 2025 in Review
350 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Lemonade (LMND) for Q4 2025, worth a combined $3.18B — up 35% from $2.36B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new LMND positions and 41 closed out — a net gain of 56 holders — while 115 added to existing stakes and 88 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $65.7M. The largest seller was SoftBank Group, cutting an estimated $177M.
- 350 institutional investors held Lemonade (LMND) as of Q4 2025, up from 300 in Q3 2025.
- Funds reported $3.18B of Lemonade stock for Q4 2025, up 35% quarter-over-quarter.
- 97 funds opened new Lemonade positions in Q4 2025 and 41 closed out, a net change of +56 holders.
- The largest Lemonade buyer in Q4 2025 was JP Morgan Chase, an estimated $65.7M added.
- The largest Lemonade seller in Q4 2025 was SoftBank Group, an estimated $177M sold.
Based on aggregated 13F filings for Q4 2025.