Lemonade
LMND
250 hedge funds and large institutions have $1.38B invested in Lemonade in 2025 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 72 increasing their positions, 71 reducing their positions, and 57 closing their positions.
66% more call options, than puts
Call options by funds: $129M | Put options by funds: $77.9M
1% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 71
1.03% less ownership
Funds ownership: 61.17% → 60.14% (-1%)
7% less funds holding
Funds holding: 268 → 250 (-18)
14% less capital invested
Capital invested by funds: $1.6B → $1.38B (-$226M)
19% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 57
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
|
+$27.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$27.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$16.1M |
| 4 |
AIIMS
Analyst IMS Investment Management Services
Tel-Aviv,
Israel
|
+$10.9M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Voloridge Investment Management
Jupiter,
Florida
|
-$21.3M |
| 2 |
D.E. Shaw & Co
New York
|
-$19.5M |
| 3 |
CCC
Cable Car Capital
San Francisco,
California
|
-$18.3M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$9.29M |
| 5 |
SoftBank Group
Tokyo,
Japan
|
-$8.49M |
LMND Hedge Fund Activity: Q1 2025 in Review
250 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Lemonade (LMND) for Q1 2025, worth a combined $1.38B — down 14% from $1.6B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of LMND and 46 opened new positions — a net loss of 11 holders — while 71 trimmed existing stakes and 72 added.
The largest buyer was JP Morgan Chase, adding an estimated $27.6M. The largest seller was Voloridge Investment Management, exiting entirely with an estimated $21.3M sold.
- 250 institutional investors held Lemonade (LMND) as of Q1 2025, down from 268 in Q4 2024.
- Funds reported $1.38B of Lemonade stock for Q1 2025, down 14% quarter-over-quarter.
- 46 funds opened new Lemonade positions in Q1 2025 and 57 closed out, a net change of -11 holders.
- The largest Lemonade buyer in Q1 2025 was JP Morgan Chase, an estimated $27.6M added.
- The largest Lemonade seller in Q1 2025 was Voloridge Investment Management, an estimated $21.3M sold.
Based on aggregated 13F filings for Q1 2025.