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Lemonade

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

more first-time investments, than exits

New positions opened: | Existing positions closed:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more capital invested

Capital invested by funds: $ → $

more funds holding

Funds holding:

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: 43 (-1)

Holders
300
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$256M
Puts
$235M
Net Calls
Net Calls Change

Top Buyers

1 +$40.6M
2 +$29.8M
3 +$25M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$22.9M
5
BlackRock
BlackRock
New York
+$15.1M

Top Sellers

1 -$117M
2 -$29.7M
3 -$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
Los Angeles Capital Management
101
Los Angeles Capital Management
California
$1.13M
Creative Planning
102
Creative Planning
Kansas
$1.1M
DFCM
103
Dark Forest Capital Management
Puerto Rico
$1.1M
VanEck Associates
104
VanEck Associates
New York
$1.09M
QT
105
Quantbot Technologies
New York
$1.07M
EMPI
106
Elo Mutual Pension Insurance
Finland
$1.04M
New York State Common Retirement Fund
107
New York State Common Retirement Fund
New York
$970K
Canada Life
108
Canada Life
Manitoba, Canada
$966K
Citigroup
109
Citigroup
New York
$958K
ASRS
110
Arizona State Retirement System
Arizona
$928K
Cetera Investment Advisers
111
Cetera Investment Advisers
Illinois
$883K
PFSRSONJ
112
Police & Firemen's Retirement System of New Jersey
New Jersey
$843K
LSA
113
Leonteq Securities AG
Switzerland
$826K
SEI Investments
114
SEI Investments
Pennsylvania
$825K
Zurich Cantonal Bank
115
Zurich Cantonal Bank
Switzerland
$812K
EGM
116
Engineers Gate Manager
New York
$807K
State Board of Administration of Florida Retirement System
117
State Board of Administration of Florida Retirement System
Florida
$777K
Ensign Peak Advisors
118
Ensign Peak Advisors
Utah
$774K
SPC
119
Sigma Planning Corp
Michigan
$703K
Wolverine Trading
120
Wolverine Trading
Illinois
$685K
CWM
121
Circle Wealth Management
New Jersey
$666K
KK
122
KLP Kapitalforvaltning
Norway
$653K
GAM
123
Gotham Asset Management
New York
$640K
CF
124
Cantor Fitzgerald
New York
$625K
Jones Financial Companies
125
Jones Financial Companies
Missouri
$617K