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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
Handelsbanken Fonder
126
Handelsbanken Fonder
Sweden
$616K
Mercer Global Advisors
127
Mercer Global Advisors
Colorado
$579K
GCP
128
GSA Capital Partners
United Kingdom
$579K
TFA
129
Toth Financial Advisory
Virginia
$573K
NA
130
NewEdge Advisors
Louisiana
$564K
SFG
131
Synergy Financial Group
California
$563K
VCM
132
Voleon Capital Management
California
$561K
Pathstone Holdings
133
Pathstone Holdings
New Jersey
$543K
VOYA Investment Management
134
VOYA Investment Management
Georgia
$542K
Commonwealth Equity Services
135
Commonwealth Equity Services
Massachusetts
$541K
FDCDDQ
136
Federation des caisses Desjardins du Quebec
Quebec, Canada
$514K
ProShare Advisors
137
ProShare Advisors
Maryland
$510K
Russell Investments Group
138
Russell Investments Group
United Kingdom
$488K
OC
139
Oppenheimer & Co
New York
$480K
CIA
140
Concurrent Investment Advisors
Florida
$460K
Wealth Enhancement Advisory Services
141
Wealth Enhancement Advisory Services
Minnesota
$452K
BA
142
Bridgewater Associates
Connecticut
$452K
SRL
143
Scientech Research LLC
New Jersey
$440K
WPW
144
Watershed Private Wealth
Illinois
$437K
JWWM
145
Johnson & White Wealth Management
Pennsylvania
$433K
QCM
146
Quantinno Capital Management
New York
$425K
State of Wisconsin Investment Board
147
State of Wisconsin Investment Board
Wisconsin
$419K
Pictet Asset Management
148
Pictet Asset Management
Switzerland
$415K
WAM
149
Weiss Asset Management
Massachusetts
$412K
Cerity Partners
150
Cerity Partners
New York
$411K