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Lemonade
LMND

220 hedge funds and large institutions have $639M invested in Lemonade in 2023 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 62 increasing their positions, 46 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more call options, than puts

Call options by funds: $39.9M | Put options by funds: $26.9M

35% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 46

24% more capital invested

Capital invested by funds: $514M → $639M (+$125M)

17% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 29

2.68% more ownership

Funds ownership: 51.94% → 54.62% (+2.7%)

2% more funds holding

Funds holding: 216 → 220 (+4)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
220
Holders Change
+4
Holders Change %
+1.85%
% of All Funds
3.45%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
34
Increased
62
Reduced
46
Closed
29
Calls
$39.9M
Puts
$26.9M
Net Calls
+$13M
Net Calls Change
+$4M

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$17.2M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$5.58M
3
Millennium Management
Millennium Management
New York
+$5.57M
4
Goldman Sachs
Goldman Sachs
New York
+$4.35M
5
Renaissance Technologies
Renaissance Technologies
New York
+$3.57M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$9.76M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
-$5.21M
3
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$4.28M
4
Mitsubishi UFJ Trust & Banking
Mitsubishi UFJ Trust & Banking
Japan
-$3.25M
5
Bank of America
Bank of America
North Carolina
-$1.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
RTL
151
Red Tortoise LLC
Georgia
$3.66K +$3.4K +217 New
CTA
152
Colonial Trust Advisors
South Carolina
$3.37K – – –
ME
153
McIlrath & Eck
Washington
$3.22K – – –
TFA
154
Toth Financial Advisory
Virginia
$2.97K – – –
SWM
155
Spire Wealth Management
Virginia
$2.55K – – –
LC
156
Lindbrook Capital
California
$2.43K – – –
AIC
157
Archer Investment Corporation
Indiana
$2.41K – – –
CHA
158
Carmichael Hill & Associates
Maryland
$2.09K – – –
FWM
159
Focused Wealth Management
New York
$2.09K – – –
CAM
160
Close Asset Management
United Kingdom
$2K – – –
RDIA
161
RE Dickinson Investment Advisors
Iowa
$2K – – –
TWC
162
TD Waterhouse Canada
Ontario, Canada
$1.83K -$110 -7 -6%
TC
163
Truvestments Capital
Florida
$1.75K – – –
OIA
164
Optimum Investment Advisors
Illinois
$1.7K – – –
AA
165
Ancora Advisors
Ohio
$1.69K – – –
CB
166
CNB Bank
Pennsylvania
$1.69K – – –
SIS
167
Sound Income Strategies
Florida
$1.69K – – –
WWP
168
WR Wealth Planners
Missouri
$1.69K – – –
IPW
169
Impact Partnership Wealth
Georgia
$1.69K +$1.56K +100 New
FMB
170
Field & Main Bank
Kentucky
$1.68K – – –
GIA
171
GHP Investment Advisors
Colorado
$1.51K – – –
GWS
172
Glassman Wealth Services
Virginia
$1.45K +$845 +54 +169%
OA
173
Operose Advisors
Wisconsin
$1.35K – – –
EWA
174
EverSource Wealth Advisors
Alabama
$1.31K -$641 -41 -34%
PA
175
Parallel Advisors
California
$1.28K +$266 +17 +29%
5 6
7
8 9

LMND Hedge Fund Activity: Q2 2023 in Review

220 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Lemonade (LMND) for Q2 2023, worth a combined $639M — up 24% from $514M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new LMND positions and 29 closed out — a net gain of 5 holders — while 62 added to existing stakes and 46 trimmed.

The largest buyer was Vanguard Group, adding an estimated $17.2M. The largest seller was Citadel Advisors, cutting an estimated $9.76M.

  • 220 institutional investors held Lemonade (LMND) as of Q2 2023, up from 216 in Q1 2023.
  • Funds reported $639M of Lemonade stock for Q2 2023, up 24% quarter-over-quarter.
  • 34 funds opened new Lemonade positions in Q2 2023 and 29 closed out, a net change of +5 holders.
  • The largest Lemonade buyer in Q2 2023 was Vanguard Group, an estimated $17.2M added.
  • The largest Lemonade seller in Q2 2023 was Citadel Advisors, an estimated $9.76M sold.

Based on aggregated 13F filings for Q2 2023.