Lemonade
LMND
346 hedge funds and large institutions have $2.7B invested in Lemonade in 2026 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 116 increasing their positions, 109 reducing their positions, and 59 closing their positions.
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
6% more repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 109
2% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 59
2% less funds holding
Funds holding: 352 → 346 (-6)
2.46% less ownership
Funds ownership: 59.32% → 56.86% (-2.5%)
11% less call options, than puts
Call options by funds: $249M | Put options by funds: $280M
15% less capital invested
Capital invested by funds: $3.18B → $2.7B (-$481M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$84M |
| 2 |
Squarepoint
New York
|
+$55.9M |
| 3 |
JP Morgan Chase
New York
|
+$53.9M |
| 4 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$46.5M |
| 5 |
Walleye Capital
New York
|
+$19.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$97.9M |
| 2 |
BC
BIT Capital
Berlin,
Germany
|
-$86M |
| 3 |
SoftBank Group
Tokyo,
Japan
|
-$65.9M |
| 4 |
D.E. Shaw & Co
New York
|
-$56.9M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$30M |
LMND Hedge Fund Activity: Q1 2026 in Review
346 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in Lemonade (LMND) for Q1 2026, worth a combined $2.7B — down 15% from $3.18B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new LMND positions and 59 closed out — a net gain of 1 holder — while 116 added to existing stakes and 109 trimmed.
The largest buyer was Jane Street, adding an estimated $84M. The largest seller was T. Rowe Price Associates, cutting an estimated $97.9M.
- 346 institutional investors held Lemonade (LMND) as of Q1 2026, down from 352 in Q4 2025.
- Funds reported $2.7B of Lemonade stock for Q1 2026, down 15% quarter-over-quarter.
- 60 funds opened new Lemonade positions in Q1 2026 and 59 closed out, a net change of +1 holder.
- The largest Lemonade buyer in Q1 2026 was Jane Street, an estimated $84M added.
- The largest Lemonade seller in Q1 2026 was T. Rowe Price Associates, an estimated $97.9M sold.
Based on aggregated 13F filings for Q1 2026.