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Lemonade
LMND

300 hedge funds and large institutions have $2.36B invested in Lemonade in 2025 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 94 increasing their positions, 77 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 45

22% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 77

20% more capital invested

Capital invested by funds: $1.97B → $2.36B (+$391M)

8% more funds holding

Funds holding: 277 → 300 (+23)

9% more call options, than puts

Call options by funds: $256M | Put options by funds: $235M

1.7% less ownership

Funds ownership: 61.43% → 59.73% (-1.7%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
300
Holders Change
+23
Holders Change %
+8.3%
% of All Funds
3.94%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
69
Increased
94
Reduced
77
Closed
45
Calls
$256M
Puts
$235M
Net Calls
+$20.6M
Net Calls Change
-$89.8M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$40.6M
2
Deutsche Bank
Deutsche Bank
Germany
+$29.8M
3
BC
BIT Capital
Germany
+$25M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$22.9M
5
BlackRock
BlackRock
New York
+$15.1M

Top Sellers

Rank Fund Capital Flow
1
SoftBank Group
SoftBank Group
Japan
-$117M
2
Squarepoint
Squarepoint
New York
-$29.7M
3
Jane Street
Jane Street
New York
-$25.2M
4
Morgan Stanley
Morgan Stanley
New York
-$24.6M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$19.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
326
Corton Capital
Ontario, Canada
– -$236K -5,381 Closed
PAS
327
Point72 Asia (Singapore)
Singapore
– -$228K -5,214 Closed
BCA
328
Bay Colony Advisors
Massachusetts
– -$228K -5,200 Closed
MLIC
329
Mandatum Life Insurance Company
Finland
– -$202K -4,600 Closed
HT
330
Headlands Technologies
Illinois
– -$155K -3,539 Closed
PD
331
Point72 (DIFC)
United Arab Emirates
– -$103K -2,362 Closed
MIFH
332
Migdal Insurance & Financial Holdings
Israel
– -$45K -1,034 Closed
AGWCA
333
Annis Gardner Whiting Capital Advisors
Florida
– -$22.7K -519 Closed
HNB
334
Hilltop National Bank
Wyoming
– -$8.76K -200 Closed
Fifth Third Bancorp
335
Fifth Third Bancorp
Ohio
– -$6.75K -154 Closed
GC
336
Garde Capital
Washington
– -$5.21K -119 Closed
ACM
337
Aster Capital Management
United Arab Emirates
– -$4.47K -102 Closed
LFA
338
LGT Financial Advisors
Texas
– -$3.33K -76 Closed
CPG
339
Cornerstone Planning Group
New Jersey
– -$2.4K -50 Closed
BIG
340
Brooklyn Investment Group
New York
– -$877 -20 Closed
CFB
341
Cullen/Frost Bankers
Texas
– -$789 -18 Closed
WSFS
342
Wilmington Savings Fund Society
Delaware
– -$657 -15 Closed
TPWA
343
Twin Peaks Wealth Advisors
California
– -$328 -6 Closed
10 11 12 13
14

LMND Hedge Fund Activity: Q3 2025 in Review

300 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Lemonade (LMND) for Q3 2025, worth a combined $2.36B — up 20% from $1.97B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new LMND positions and 45 closed out — a net gain of 24 holders — while 94 added to existing stakes and 77 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $40.6M. The largest seller was SoftBank Group, cutting an estimated $117M.

  • 300 institutional investors held Lemonade (LMND) as of Q3 2025, up from 277 in Q2 2025.
  • Funds reported $2.36B of Lemonade stock for Q3 2025, up 20% quarter-over-quarter.
  • 69 funds opened new Lemonade positions in Q3 2025 and 45 closed out, a net change of +24 holders.
  • The largest Lemonade buyer in Q3 2025 was JP Morgan Chase, an estimated $40.6M added.
  • The largest Lemonade seller in Q3 2025 was SoftBank Group, an estimated $117M sold.

Based on aggregated 13F filings for Q3 2025.