Lemonade, Inc.
LMND- Exchange
- NYSE
- Industry
- Fire, Marine & Casualty Insurance
- SEC CIK
- 0001691421
In the last 90 days, Lemonade, Inc. insiders filed 0 open-market purchases and 6 sales; 339 institutions reported holding it in 13F filings for Q2 2026, worth $2.92B in total; no superinvestor holds it.
13F holders, Q4 2025
Institutional positions in Lemonade, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 354
- +60 vs. Q3 2025
- Shares held
- 44.4M
- +326.9K (+0.7%) vs. Q3 2025
- Total value
- $3.16B
- +$799.9M (+33.9%) vs. Q3 2025
- New holders
- 101
- 115 more added
- Sold out
- 41
- 88 more reduced
6 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting LMND on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 339 | $2.92B |
| Q1 2026 | 346 | $2.70B |
| Q4 2025 | 354 | $3.16B |
| Q3 2025 | 300 | $2.36B |
| Q2 2025 | 277 | $1.97B |
| Q1 2025 | 250 | $1.38B |
| Q4 2024 | 269 | $1.60B |
| Q3 2024 | 224 | $677.2M |
| Q2 2024 | 214 | $686.1M |
| Q1 2024 | 205 | $656.0M |
| Q4 2023 | 216 | $627.5M |
| Q3 2023 | 203 | $435.7M |
| Q2 2023 | 220 | $639.3M |
| Q1 2023 | 216 | $513.2M |
| Q4 2022 | 225 | $494.9M |
| Q3 2022 | 229 | $739.4M |
| Q2 2022 | 216 | $606.8M |
| Q1 2022 | 237 | $876.3M |
| Q4 2021 | 266 | $1.54B |
| Q3 2021 | 289 | $2.37B |
| Q2 2021 | 315 | $3.58B |
| Q1 2021 | 302 | $2.94B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Lemonade, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| VARCOV Co. | 9,430 | $671.2K | 0.26% | +9,430 | New |
| Wealth Enhancement Advisory Services, LLC | 8,431 | $674.6K | 0.00% | +219+2.7% | Added |
| Dark Forest Capital Management LP | 9,935 | $707.2K | 0.03% | −10,592−51.6% | Reduced |
| Pathstone Holdings, LLC | 9,950 | $708.2K | 0.00% | −196−1.9% | Reduced |
| K.J. Harrison & Partners Inc | 10,000 | $711.8K | 0.09% | +10,000 | New |
| Synergy Financial Group, LTD | 10,155 | $722.8K | 0.51% | −369−3.5% | Reduced |
| Mercer Global Advisors Inc | 10,295 | $732.8K | 0.00% | −528−4.9% | Reduced |
| Havemeyer Place LP | 10,327 | $735.1K | 0.14% | +10,327 | New |
| Polymer Capital Management (US) LLC | 10,429 | $742.3K | 0.10% | +10,429 | New |
| Voya Investment Management LLC | 10,666 | $759.2K | 0.00% | +536+5.3% | Added |
| Toth Financial Advisory Corp | 10,700 | $761.6K | 0.08% | 00.0% | Unchanged |
| Cetera Investment Advisers | 10,852 | $772.4K | 0.00% | −5,652−34.2% | Reduced |
| ProShare Advisors LLC | 11,075 | $788.3K | 0.00% | +1,555+16.3% | Added |
| Gotham Asset Management, LLC | 11,610 | $826.4K | 0.00% | −348−2.9% | Reduced |
| Genesis Financial Group, LLC | 12,500 | $889.8K | 0.52% | +12,500 | New |
| Empower Advisory Group, LLC | 12,561 | $894.1K | 0.00% | +6,039+92.6% | Added |
| Royal Bank of Canada | 12,607 | $897.0K | 0.00% | −51,186−80.2% | Reduced |
| Jones Financial Companies LLLP | 13,274 | $944.8K | 0.00% | +1,279+10.7% | Added |
| KLP Kapitalforvaltning AS | 13,400 | $953.8K | 0.00% | +1,200+9.8% | Added |
| Cadent Capital Advisors, LLC | 13,556 | $964.9K | 0.25% | +13,556 | New |
| Rare Wolf Capital LLC | 13,808 | $982.9K | 0.61% | +13,808 | New |
| Williamson Legacy Group, LLC | 14,180 | $1.01M | 0.79% | +14,180 | New |
| Handelsbanken Fonder AB | 14,300 | $1.02M | 0.00% | +2,800+24.3% | Added |
| State Board of Administration of Florida Retirement System | 14,516 | $1.03M | 0.00% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 14,691 | $1.05M | 0.00% | −16,028−52.2% | Reduced |
| Fortis Group Advisors, LLC | 12,116 | $1.05M | 0.18% | −7,339−37.7% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 15,699 | $1.12M | 0.00% | +529+3.5% | Added |
| Circle Wealth Management, LLC | 15,825 | $1.13M | 0.02% | +3,392+27.3% | Added |
| Blueshift Asset Management, LLC | 16,041 | $1.14M | 0.33% | +16,041 | New |
| GWM Advisors LLC | 16,116 | $1.15M | 0.00% | +5,585+53.0% | Added |
| Oppenheimer & Co Inc | 16,124 | $1.15M | 0.02% | +7,150+79.7% | Added |
| Police & Firemen's Retirement System of New Jersey | 16,299 | $1.16M | 0.01% | +560+3.6% | Added |
| Aquatic Capital Management LLC | 17,222 | $1.23M | 0.03% | −30,027−63.6% | Reduced |
| X-Square Capital, LLC | 17,333 | $1.23M | 0.40% | −195,866−91.9% | Reduced |
| Arizona State Retirement System | 17,414 | $1.24M | 0.01% | +70+0.4% | Added |
| Eddie Patel Inc | 17,897 | $1.27M | 0.95% | +17,897 | New |
| Legacy Capital Group California, Inc. | 18,280 | $1.30M | 0.32% | +18,280 | New |
| New York State Common Retirement Fund | 19,428 | $1.38M | 0.00% | +1,300+7.2% | Added |
| Commonwealth Equity Services, LLC | 19,589 | $1.39M | 0.00% | +9,476+93.7% | Added |
| Arete Wealth Advisors, LLC | 20,761 | $1.48M | 0.10% | +20,761 | New |
| Los Angeles Capital Management LLC | 25,169 | $1.49M | 0.01% | +4,100+19.5% | Added |
| AQR Capital Management LLC | 21,569 | $1.54M | 0.00% | +159+0.7% | Added |
| Baader Bank INC | 21,642 | $1.54M | 0.13% | +21,642 | New |
| Van Eck Associates Corp | 21,915 | $1.56M | 0.00% | +1,533+7.5% | Added |
| SEI Investments Co | 22,077 | $1.57M | 0.00% | +6,669+43.3% | Added |
| Private Advisor Group, LLC | 22,794 | $1.62M | 0.01% | +22,794 | New |
| Engineers Gate Manager LP | 24,099 | $1.72M | 0.02% | +9,021+59.8% | Added |
| United Capital Management of KS, Inc. | 24,157 | $1.72M | 0.24% | +40+0.2% | Added |
| Employees Retirement System of Texas | 24,459 | $1.74M | 0.01% | 00.0% | Unchanged |
| Creative Planning | 26,795 | $1.91M | 0.00% | +6,209+30.2% | Added |
| Janus Henderson Group PLC | 29,077 | $2.07M | 0.00% | +3,500+13.7% | Added |
| Marex Group plc | 29,575 | $2.11M | 0.02% | +29,575 | New |
| Intech Investment Management LLC | 29,795 | $2.12M | 0.02% | 00.0% | Unchanged |
| Illumine Investment Management, LLC | 30,784 | $2.19M | 1.60% | −727−2.3% | Reduced |
| Timothy G. Youngquist 2020 Irrevocable Trust | 31,050 | $2.21M | 1.89% | +31,050 | New |
| State of New Jersey Common Pension Fund D | 31,277 | $2.23M | 0.01% | −6,639−17.5% | Reduced |
| SG Americas Securities, LLC | 31,652 | $2.25M | 0.00% | −477−1.5% | Reduced |
| Manufacturers Life Insurance Company, The | 32,431 | $2.31M | 0.00% | +259+0.8% | Added |
| Capital Fund Management S.A. | 33,322 | $2.37M | 0.02% | +5,085+18.0% | Added |
| MetLife Investment Management | 33,364 | $2.37M | 0.01% | +1,008+3.1% | Added |
| Udine Wealth Management, Inc. | 33,930 | $2.42M | 1.14% | +717+2.2% | Added |
| Clear Street Group Inc. | 34,391 | $2.45M | 0.01% | +34,391 | New |
| Leo Wealth, LLC | 34,532 | $2.70M | 0.20% | +34,532 | New |
| Icapital Wealth LLC | 39,527 | $2.81M | 1.37% | +39,527 | New |
| Blue Jean Financial LLC | 39,549 | $2.82M | 2.29% | +39,549 | New |
| Marshall Wace, LLP | 40,339 | $2.87M | 0.00% | +40,339 | New |
| Nomura Holdings Inc | 41,076 | $2.92M | 0.01% | +41,076 | New |
| Cantor Fitzgerald, L. P. | 42,467 | $3.02M | 0.09% | +30,792+263.7% | Added |
| Simplex Trading, LLC | 42,906 | $3.05M | 0.09% | −5,849−12.0% | Reduced |
| PEAK6 LLC | 43,178 | $3.07M | 0.08% | +5,343+14.1% | Added |
| Toroso Investments, LLC | 44,269 | $3.15M | 0.01% | +3,383+8.3% | Added |
| Virtu Financial LLC | 45,145 | $3.21M | 0.12% | +18,929+72.2% | Added |
| Algert Global LLC | 46,603 | $3.32M | 0.05% | −5,061−9.8% | Reduced |
| Verition Fund Management LLC | 54,959 | $3.91M | 0.02% | −28,191−33.9% | Reduced |
| Millennium Management LLC | 55,508 | $3.95M | 0.00% | −118,798−68.2% | Reduced |
| Twinbeech Capital LP | 55,962 | $3.98M | 0.28% | +55,962 | New |
| Amtrust Financial Services, Inc. | 56,644 | $4.03M | 1.28% | 00.0% | Unchanged |
| California State Teachers Retirement System | 59,476 | $4.23M | 0.00% | +4,513+8.2% | Added |
| Legal & General Group Plc | 60,942 | $4.34M | 0.00% | +631+1.0% | Added |
| Alliancebernstein L.P. | 61,694 | $4.39M | 0.00% | +5,873+10.5% | Added |
| IMC-Chicago, LLC | 62,837 | $4.47M | 0.08% | +28,264+81.8% | Added |
| Hidden Lake Asset Management LP | 63,032 | $4.49M | 2.45% | +29,923+90.4% | Added |
| EAM Investors, LLC | 64,080 | $4.56M | 0.51% | −15,546−19.5% | Reduced |
| Nia Impact Advisors, LLC | 65,920 | $4.69M | 1.57% | −803−1.2% | Reduced |
| Bridgewater Associates, LP | 66,074 | $4.70M | 0.02% | +57,634+682.9% | Added |
| Parallax Volatility Advisers, L.P. | 68,727 | $4.89M | 0.15% | +9,726+16.5% | Added |
| Citigroup Inc | 68,872 | $4.90M | 0.00% | +50,971+284.7% | Added |
| Maverick Capital LtdSuperinvestorMaverick Capital | 69,864 | $4.97M | 0.05% | +8,015+13.0% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 69,900 | $4.98M | 0.01% | +657+0.9% | Added |
| LPL Financial LLC | 75,635 | $5.38M | 0.00% | +10,523+16.2% | Added |
| Rhumbline Advisers | 75,896 | $5.40M | 0.00% | −6,685−8.1% | Reduced |
| Raymond James Financial Inc | 77,031 | $5.48M | 0.00% | +22,722+41.8% | Added |
| EFG International AG | 77,899 | $5.57M | 0.11% | +77,899 | New |
| Dimensional Fund Advisors LP | 78,411 | $5.58M | 0.00% | −256,699−76.6% | Reduced |
| Landscape Capital Management, L.L.C. | 78,783 | $5.61M | 0.38% | +78,783 | New |
| Hillsdale Investment Management Inc. | 82,800 | $5.89M | 0.16% | +82,800 | New |
| Squarepoint Ops LLC | 83,367 | $5.93M | 0.01% | +76,219+1,066.3% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 89,153 | $6.35M | 0.02% | −133,451−59.9% | Reduced |
| Teachers Retirement System of the State of Kentucky | 89,262 | $6.35M | 0.05% | −4,125−4.4% | Reduced |
| Liontrust Investment Partners LLP | 93,854 | $6.68M | 0.10% | +21,340+29.4% | Added |