Lemonade
LMND
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.
53% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 45
22% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 77
20% more capital invested
Capital invested by funds: $1.97B → $2.36B (+$391M)
8% more funds holding
Funds holding: 277 → 300 (+23)
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: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$40.6M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$29.8M |
| 3 |
BC
BIT Capital
Berlin,
Germany
|
+$25M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$22.9M |
| 5 |
BlackRock
New York
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SoftBank Group
Tokyo,
Japan
|
-$117M |
| 2 |
Squarepoint
New York
|
-$29.7M |
| 3 |
Jane Street
New York
|
-$25.2M |
| 4 |
Morgan Stanley
New York
|
-$24.6M |
| 5 |
D.E. Shaw & Co
New York
|
-$19.6M |
LMND Hedge Fund Activity: Q3 2025 in Review
300 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Lemonade (LMND) for Q3 2025, worth a combined $2.36B — up 20% from $1.97B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new LMND positions and 45 closed out — a net gain of 24 holders — while 94 added to existing stakes and 77 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $40.6M. The largest seller was SoftBank Group, cutting an estimated $117M.
- 300 institutional investors held Lemonade (LMND) as of Q3 2025, up from 277 in Q2 2025.
- Funds reported $2.36B of Lemonade stock for Q3 2025, up 20% quarter-over-quarter.
- 69 funds opened new Lemonade positions in Q3 2025 and 45 closed out, a net change of +24 holders.
- The largest Lemonade buyer in Q3 2025 was JP Morgan Chase, an estimated $40.6M added.
- The largest Lemonade seller in Q3 2025 was SoftBank Group, an estimated $117M sold.
Based on aggregated 13F filings for Q3 2025.