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Lemonade

294 hedge funds and large institutions have $2.36B invested in Lemonade in 2025 Q3 according to their latest regulatory filings, with 68 funds opening new positions, 92 increasing their positions, 76 reducing their positions, and 43 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

1.71% less ownership

Funds ownership: 61.42%59.71% (-1.7%)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
294
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 +$44.5M
2 +$32.7M
3 +$27.5M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$25.2M
5
BlackRock
BlackRock
New York
+$16.5M

Top Sellers

1 -$128M
2 -$32.6M
3 -$27.6M
4
Morgan Stanley
Morgan Stanley
New York
-$27M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$21.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Mercer Global Advisors
126
Mercer Global Advisors
Colorado
$579K
GCP
127
GSA Capital Partners
United Kingdom
$579K
TFA
128
Toth Financial Advisory
Virginia
$573K
NA
129
NewEdge Advisors
Louisiana
$564K
SFG
130
Synergy Financial Group
California
$563K
VCM
131
Voleon Capital Management
California
$561K
Pathstone Holdings
132
Pathstone Holdings
New Jersey
$543K
VOYA Investment Management
133
VOYA Investment Management
Georgia
$542K
Commonwealth Equity Services
134
Commonwealth Equity Services
Massachusetts
$541K
FDCDDQ
135
Federation des caisses Desjardins du Quebec
Quebec, Canada
$514K
ProShare Advisors
136
ProShare Advisors
Maryland
$510K
Russell Investments Group
137
Russell Investments Group
United Kingdom
$488K
OC
138
Oppenheimer & Co
New York
$480K
CIA
139
Concurrent Investment Advisors
Florida
$460K
Wealth Enhancement Advisory Services
140
Wealth Enhancement Advisory Services
Minnesota
$452K
BA
141
Bridgewater Associates
Connecticut
$452K
SRL
142
Scientech Research LLC
New Jersey
$440K
WPW
143
Watershed Private Wealth
Illinois
$437K
JWWM
144
Johnson & White Wealth Management
Pennsylvania
$433K
QCM
145
Quantinno Capital Management
New York
$425K
State of Wisconsin Investment Board
146
State of Wisconsin Investment Board
Wisconsin
$419K
Pictet Asset Management
147
Pictet Asset Management
Switzerland
$415K
WAM
148
Weiss Asset Management
Massachusetts
$412K
Cerity Partners
149
Cerity Partners
New York
$411K
Teacher Retirement System of Texas
150
Teacher Retirement System of Texas
Texas
$409K