Lemonade
LMND
277 hedge funds and large institutions have $1.97B invested in Lemonade in 2025 Q2 according to their latest regulatory filings, with 64 funds opening new positions, 97 increasing their positions, 52 reducing their positions, and 35 closing their positions.
94% more call options, than puts
Call options by funds: $228M | Put options by funds: $118M
87% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 52
83% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 35
43% more capital invested
Capital invested by funds: $1.38B → $1.97B (+$595M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
11% more funds holding
Funds holding: 250 → 277 (+27)
1.29% more ownership
Funds ownership: 60.14% → 61.43% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$33.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$24.9M |
| 3 |
Jane Street
New York
|
+$18.9M |
| 4 |
JP Morgan Chase
New York
|
+$17.4M |
| 5 |
JF
Jump Financial
Chicago,
Illinois
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SoftBank Group
Tokyo,
Japan
|
-$150M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$9.25M |
| 3 |
Millennium Management
New York
|
-$8.47M |
| 4 |
HFF
Halter Ferguson Financial
Carmel,
Indiana
|
-$6.35M |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$5.38M |
LMND Hedge Fund Activity: Q2 2025 in Review
277 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Lemonade (LMND) for Q2 2025, worth a combined $1.97B — up 43% from $1.38B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new LMND positions and 35 closed out — a net gain of 29 holders — while 97 added to existing stakes and 52 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $33.7M. The largest seller was SoftBank Group, cutting an estimated $150M.
- 277 institutional investors held Lemonade (LMND) as of Q2 2025, up from 250 in Q1 2025.
- Funds reported $1.97B of Lemonade stock for Q2 2025, up 43% quarter-over-quarter.
- 64 funds opened new Lemonade positions in Q2 2025 and 35 closed out, a net change of +29 holders.
- The largest Lemonade buyer in Q2 2025 was Morgan Stanley, an estimated $33.7M added.
- The largest Lemonade seller in Q2 2025 was SoftBank Group, an estimated $150M sold.
Based on aggregated 13F filings for Q2 2025.