Lemonade

LMND • NYSE

Lemonade is a insurance - property & casualty company in the financial services sector on NYSE, led by Daniel Schreiber, with a market cap of $5.8B. As of Q3 2025, 60% of shares are held by 293 institutional investors, with VANGUARD GROUP INC as the largest holder at 8.5%.

CEODaniel Schreiber

Market Cap$5.8B

Insurance - Property & Casualty

Financial Services

Employees1.3K

Websitelemonade.com

Country

United States of America

Overview

Overview of institutional ownership in LMND as of Q3 2025 with a market cap of $4.0B

All Institutions

Institutions: 293
Value Held: $2.4B
Shares Held: 44.1M
Avg Position: $8.1M
Median Position: $415.2K

Hedge Funds

Hedge Funds: 36
Value Held: $196.2M
Shares Held: 3.7M
Avg Position: $5.4M
Median Position: $1.6M

Ownership Breakdown

Institutional (non-HF)

54.74%

$2.2B

Hedge Funds

4.96%

$196.2M

Retail & Other

40.3%

$1.6B

Based on market cap of $4.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in LMND as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$336.1M 0.01% of portfolio	8.50% 6.3M shares	Q3 2020 Held for 5y 2m	$6.69T
B BlackRock, Inc. Institution	-	$238.9M 0.00% of portfolio	6.04% 4.5M shares	Q3 2020 Held for 5y 2m	$5.67T
S SOFTBANK GROUP CORP Institution	-	$190.8M 0.74% of portfolio	4.82% 3.6M shares	Q3 2020 Held for 5y 2m	$25.9B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$187.7M 0.01% of portfolio	4.75% 3.5M shares	Q3 2020 Held for 5y 2m	$1.56T
B BAILLIE GIFFORD & CO Institution	-	$157.5M 0.12% of portfolio	3.98% 2.9M shares	Q3 2020 Held for 5y 2m	$134.80B
D D. E. Shaw & Co., Inc. Institution	-	$97.3M 0.08% of portfolio	2.46% 1.8M shares	Q4 2020 Held for 4y 11m	$115.81B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$82.6M 0.00% of portfolio	2.09% 1.5M shares	Q3 2020 Held for 5y 2m	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$73.4M 0.00% of portfolio	1.86% 1.4M shares	Q3 2020 Held for 5y 2m	$1.57T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$70.2M 0.00% of portfolio	1.77% 1.3M shares	Q3 2020 Held for 5y 2m	$1.65T
B BIT Capital GmbH Institution	-	$67.1M 3.06% of portfolio	1.70% 1.3M shares	Q2 2024 Held for 1y 5m	$2.2B

Net Capital Flow

Institutional buying and selling activity for LMND in Q3 2025

Traded: −$4.7M
Buyers: 162
Sellers: 116
Total Bought: +$338.5M
Total Sold: −$343.3M
Avg Position: $7.0M

Biggest Buyers

Institution	Net Bought	Current Position
JPMORGAN CHASE & CO Institution	+$44.5M +832.0K shares	$187.7M 3.5M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$32.7M +610.9K shares	$42.9M 801.9K shares
B BIT Capital GmbH Institution	+$27.5M +513.4K shares	$67.1M 1.3M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$25.2M +469.9K shares	$27.8M 518.9K shares
B BlackRock, Inc. Institution	+$16.5M +308.9K shares	$238.9M 4.5M shares
Halter Ferguson Financial Inc. RIA/Wealth	+$15.5M +289.8K shares	$30.8M 575.9K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$13.5M +252.3K shares	$43.5M 813.1K shares
Holocene Advisors, LP Hedge Fund•Long/Short	+$11.4M +212.4K shares	$11.4M 212.4K shares
Q Qube Research & Technologies Ltd Institution	+$11.1M +207.9K shares	$11.1M 207.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$9.9M +185.5K shares	$21.0M 392.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
S SOFTBANK GROUP CORP Institution	−$128.2M −2.4M shares	$190.8M 3.6M shares
J JANE STREET GROUP, LLC Institution	−$27.6M −516.1K shares	$4.6M 85.0K shares
MORGAN STANLEY RIA/Wealth	−$27.0M −503.6K shares	$70.2M 1.3M shares
D D. E. Shaw & Co., Inc. Institution	−$21.5M −401.1K shares	$97.3M 1.8M shares
J Jump Financial, LLC Institution	−$12.7M −237.0K shares	$18.4M 344.4K shares
C Cubist Systematic Strategies, LLC Institution	−$11.8M −268.7K shares	Sold Off 0 shares
H Hidden Lake Asset Management LP Hedge Fund•Long/Short	−$9.5M −178.0K shares	$1.8M 33.1K shares
B BAILLIE GIFFORD & CO Institution	−$9.0M −168.2K shares	$157.5M 2.9M shares
UBS Group AG Institution	−$8.8M −164.3K shares	$37.7M 704.1K shares
BANK OF AMERICA CORP /DE/ Institution	−$8.7M −162.6K shares	$44.5M 831.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited LMND in Q3 2025

New Positions: 35
New Value: $23.6M
Exited Positions: 41
Exited Value: $33.4M

New Positions

Institution	Position Value
P Privium Fund Management B.V. Institution	$7.8M 145.0K shares
Atika Capital Management LLC Hedge Fund•Long/Short	$3.7M 69.0K shares
D DnB Asset Management AS Institution	$2.7M 51.3K shares
W Winton Capital Group Ltd Institution	$1.3M 23.6K shares
V VIRGINIA RETIREMENT SYSTEMS ET AL Institution	$1.2M 22.8K shares
E Elo Mutual Pension Insurance Co Institution	$1.0M 19.4K shares
Sigma Planning Corp RIA/Wealth	$702.6K 13.1K shares
Voleon Capital Management LP Hedge Fund•Quant	$560.8K 10.5K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$451.8K 8.4K shares
F Fieldview Capital Management, LLC Hedge Fund•Long/Short	$353.5K 6.6K shares

Exited Positions

Institution	Previous Position
C Cubist Systematic Strategies, LLC Institution	$11.8M 268.7K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$2.3M 52.1K shares
Main Management ETF Advisors, LLC Institution	$2.2M 51.3K shares
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Market Neutral	$2.2M 50.8K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$1.4M 31.1K shares
Y Y-Intercept Ltd Institution	$1.2M 26.4K shares
BG Investment Services, Inc. RIA/Wealth	$1.1M 26.0K shares
Marshall Wace LLP Institution	$1.0M 23.1K shares
Blueshift Asset Management, LLC Hedge Fund•Quant	$839.6K 19.2K shares
Penserra Capital Management LLC ETF Provider	$826.5K 18.9K shares

Options Activity

Institutions with the largest Call and Put options positions in LMND as of Q3 2025

Call Positions: 25
Call Value: $199.9M
Put Positions: 17
Put Value: $197.1M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$56.5M 10.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$35.2M 6.6K contracts
D D. E. Shaw & Co., Inc. Institution	$24.5M 4.6K contracts
J JANE STREET GROUP, LLC Institution	$24.5M 4.6K contracts
W WOLVERINE TRADING, LLC Institution	$18.0M 3.3K contracts
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	$10.7M 2.0K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$10.4M 1.9K contracts
C Cubist Systematic Strategies, LLC Institution	$8.7M 1.6K contracts
Walleye Trading LLC RIA/Wealth	$2.4M 451.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.8M 342.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$53.7M 10.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$53.4M 10.0K contracts
J JANE STREET GROUP, LLC Institution	$29.2M 5.5K contracts
D D. E. Shaw & Co., Inc. Institution	$12.4M 2.3K contracts
W WOLVERINE TRADING, LLC Institution	$11.3M 2.1K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$9.0M 1.7K contracts
Crawford Fund Management, LLC Hedge Fund•Long/Short	$7.2M 1.3K contracts
Walleye Trading LLC RIA/Wealth	$5.2M 971.0 contracts
UBS Group AG Institution	$5.1M 960.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$4.4M 816.0 contracts

Most Committed Institutions

Institutions with LMND as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Halter Ferguson Financial Inc. RIA/Wealth	Bradford Scott Ferguson President	7.48% $30.8M	0.78% 575.9K shares	Q4 2023 Held for 1y 11m	$411.9M
X-Square Capital, LLC Long Only Manager	Ignacio Manuel Canto President	3.73% $11.4M	0.29% 213.2K shares	Q2 2025 Held for 5 months	$306.2M
B BIT Capital GmbH Institution	-	3.06% $67.1M	1.70% 1.3M shares	Q2 2024 Held for 1y 5m	$2.2B
Philo Smith Capital Corp Hedge Fund•Sector	James Earl Inglis President	2.59% $9.3M	0.23% 173.3K shares	Q3 2022 Held for 3y 2m	$358.4M
Worth Venture Partners, LLC Fund of Funds	David Alexander Wertentheil CEO	1.46% $297.1K	0.01% 5.6K shares	Q3 2025 Held for 2 months	$20.3M
P Privium Fund Management B.V. Institution	-	1.40% $7.8M	0.20% 145.0K shares	Q3 2025 Held for 2 months	$556.3M
Illumine Investment Management, LLC RIA/Wealth	Amanda K Holloway CCO	1.20% $1.7M	0.04% 31.5K shares	Q4 2024 Held for 11 months	$140.3M
NIA IMPACT ADVISORS, LLC Long Only Manager	Kristin Blair Hull CEO	1.16% $3.6M	0.09% 66.7K shares	Q4 2024 Held for 11 months	$307.7M
A Analyst IMS Investment Management Services Ltd. Institution	-	1.04% $33.1M	0.84% 617.9K shares	Q1 2025 Held for 8 months	$3.2B
A Amtrust Financial Services, Inc. Institution	-	1.02% $3.0M	0.08% 56.6K shares	Q3 2022 Held for 3y 2m	$297.5M

Hedge Fund Spotlight

Discover hedge funds investing in LMND

Parallax Volatility Advisers, LLC

Hedge Fund • Vol Arbitrage

Portfolio ManagerWilliam Frederick Bartlett

Portfolio Value: $3.0B
Positions: 449
Last Reported: Q3 2025

Sector Allocation

Position in Lemonade

Market Value: $3.2M
Shares Held: 59.0K
Portfolio Weight: 0.11%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$209.6M	7.10%
2 GLD SPDR Gold Trust GLD	Unknown Unknown	$194.8M	6.60%
3 Nvidia NVDA	Semiconductors Technology	$134.6M	4.56%

View full profile

Lemonade

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Lemonade

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