Lemonade, Inc. (LMND) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling LMND?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for Lemonade, Inc., showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on LMND?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for Lemonade, Inc..

Is institutional money flowing into LMND?

157 institutional investors hold Lemonade, Inc. (LMND). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about LMND?

Track institutional sentiment and conviction scores for Lemonade, Inc. (LMND) including Smart Money Verdict and position changes on HoldingsIntel.

Lemonade, Inc.

LMND·52567D107·US·equity·Financial Services - Insurance - Property & Casualty-13D/G

LMND (Lemonade, Inc.) is held by 157 institutional investors as of Q4 2025. Largest holders: VANGUARD GROUP INC ($448.8M), BlackRock, Inc. ($352.3M), M&T BANK CORP ($344.5M). Net institutional sentiment: Mixed.

157

Holders

Avg rating(10 Elite)

$3B

Total Value

64% (165)

Fund Consensus

102 buying - 57 selling

Smart Money VerdictView all

43Weak MomentumSplit Signals

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See how LMND's score breaks down across 4 SEC sources

Held by 157 funds

10 elite

Who's Trading

ActivistThe Vanguard Group0.0%Mar 27, 2026

Insider

13F: Dec 31, 2025Insider & Congress: Updated regularly

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
VANGUARD GROUP INC	Increased	6.3M(+0.4%)	$448.8M	0.0%	+155.92%	31
BlackRock, Inc.	Increased	4.9M(+10.9%)	$352.3M	0.0%	+21.48%	34
M&T BANK CORP	New	1.1M	$344.5M	1.1%	-27.77%	71
JPMORGAN CHASE & CO	Increased	4.5M(+27.9%)	$319.1M	0.0%	+8.11%	39
BAILLIE GIFFORD & CO	Decreased	2.9M(-2.6%)	$204M	0.2%	-24.94%	0
STATE STREET CORP	Decreased	1.5M(-3.1%)	$106.5M	0.0%	+133.75%	0
GEODE CAPITAL MANAGEMENT, LLC	Increased	1.4M(+4.9%)	$102.4M	0.0%	+34.67%	31
MORGAN STANLEY	Increased	1.4M(+5.4%)	$98.3M	0.0%	+46.16%	32
D. E. Shaw & Co., Inc.	Decreased	1.2M(-36.1%)	$82.7M	0.0%	+96.13%	0
SOFTBANK GROUP CORP.	Decreased	925,496(-74.0%)	$65.9M	0.4%	-53.64%	0
GOLDMAN SACHS GROUP INC	Increased	866,476(+50.6%)	$61.7M	0.0%	+4.85%	41
Holocene Advisors, LP	Increased	782,753(+268.6%)	$55.7M	0.1%	-22.68%	57
TWO SIGMA INVESTMENTS, LP	Decreased	759,242(-6.6%)	$54M	0.1%	+17.82%	0
NORTHERN TRUST CORP	Increased	590,729(+0.5%)	$42M	0.0%	+35.32%	29
CITADEL ADVISORS LLC	Decreased	535,660(-16.6%)	$38.1M	0.0%	+118.02%	0
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Increased	522,257(+2.6%)	$37.2M	0.0%	+33.76%	30
DEUTSCHE BANK AG\	Decreased	491,778(-38.7%)	$35M	0.0%	+4.05%	0
FMR LLC	Increased	476,360(+74.6%)	$33.9M	0.0%	-8.16%	44
Nuveen, LLC	Increased	367,261(+141.5%)	$26.1M	0.0%	-9.35%	46
Man Group plc	New	364,963	$26M	0.0%	-27.77%	40
TWO SIGMA ADVISERS, LP	Decreased	348,898(-9.9%)	$24.8M	0.0%	+21.69%	0
UBS Group AG	Decreased	317,057(-55.0%)	$22.6M	0.0%	+25.75%	0
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Decreased	294,164(-25.0%)	$20.9M	0.0%	+14.22%	0
BANK OF AMERICA CORP /DE/	Decreased	236,927(-71.5%)	$16.9M	0.0%	+42.62%	0
BNP PARIBAS FINANCIAL MARKETS	Decreased	224,500(-10.4%)	$16M	0.0%	+28.70%	0
FEDERATED HERMES, INC.	Increased	219,536(+39.3%)	$15.6M	0.0%	-7.89%	37
Qube Research & Technologies Ltd	Increased	211,401(+1.7%)	$15M	0.0%	-5.11%	29
Bank of New York Mellon Corp	Increased	185,643(+17.8%)	$13.2M	0.0%	+0.03%	33
Universal- Beteiligungs- und Servicegesellschaft mbH	New	156,411	$11.1M	0.0%	-27.77%	38
FIRST TRUST ADVISORS LP	Increased	156,427(+10.7%)	$11.1M	0.0%	+46.73%	31
WELLS FARGO & COMPANY/MN	Increased	149,950(+43.4%)	$10.7M	0.0%	+14.76%	37
TUDOR INVESTMENT CORP ET AL	Decreased	148,987(-31.1%)	$10.6M	0.0%	+26.25%	0
Invesco Ltd.	Increased	144,021(+112.6%)	$10.3M	0.0%	-3.54%	45
AMERIPRISE FINANCIAL INC	Decreased	135,362(-14.0%)	$9.6M	0.0%	+18.11%	0
CI INVESTMENTS INC.	New	132,583	$9.4M	0.0%	-27.77%	38
Swiss National Bank	Increased	123,800(+9.0%)	$8.8M	0.0%	-27.71%	30
BARCLAYS PLC	Increased	118,510(+37.5%)	$8.4M	0.0%	+30.41%	36
GROUP ONE TRADING LLC	Decreased	110,371(-51.9%)	$7.9M	0.0%	+126.91%	0
Walleye Trading LLC	Increased	109,576(+3.3%)	$7.8M	0.0%	+24.90%	28
GILDER GAGNON HOWE & CO LLC	New	108,525	$7.7M	0.1%	-27.77%	38
BALYASNY ASSET MANAGEMENT L.P.	New	104,694	$7.5M	0.0%	-27.77%	38
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Increased	100,012(+7.4%)	$7.1M	0.0%	+72.47%	29
DnB Asset Management AS	Increased	96,718(+88.6%)	$6.9M	0.0%	-17.10%	43
Connor, Clark & Lunn Investment Management Ltd.	Decreased	89,153(-60.0%)	$6.3M	0.0%	+48.19%	0
Squarepoint Ops LLC	Increased	83,367(+1066.3%)	$5.9M	0.0%	-23.71%	44
DIMENSIONAL FUND ADVISORS LP	Decreased	78,411(-76.6%)	$5.6M	0.0%	+37.30%	0
RAYMOND JAMES FINANCIAL INC	Increased	77,031(+41.8%)	$5.5M	0.0%	-5.82%	36
RHUMBLINE ADVISERS	Decreased	75,896(-8.1%)	$5.4M	0.0%	+18.83%	0
LPL Financial LLC	Increased	75,635(+16.2%)	$5.4M	0.0%	-14.00%	31
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Increased	69,900(+0.9%)	$5M	0.0%	+186.87%	27
MAVERICK CAPITAL LTD	Increased	69,864(+13.0%)	$5M	0.1%	-0.34%	30
CITIGROUP INC	Increased	68,872(+284.7%)	$4.9M	0.0%	-17.79%	43
Parallax Volatility Advisers, L.P.	Increased	68,727(+16.5%)	$4.9M	0.0%	+24.33%	31
Bridgewater Associates, LP	Increased	66,074(+682.9%)	$4.7M	0.0%	-25.46%	43
IMC-Chicago, LLC	Increased	62,837(+81.8%)	$4.5M	0.0%	-2.99%	41
ALLIANCEBERNSTEIN L.P.	Increased	61,694(+10.5%)	$4.4M	0.0%	+26.13%	30
Legal & General Group Plc	Increased	60,942(+1.1%)	$4.3M	0.0%	+92.52%	27
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Increased	59,476(+8.2%)	$4.2M	0.0%	-20.22%	29
MILLENNIUM MANAGEMENT LLC	Decreased	55,508(-68.2%)	$4M	0.0%	+17.85%	0
Verition Fund Management LLC	Decreased	54,959(-33.9%)	$3.9M	0.0%	+33.48%	0
Virtu Financial LLC	Increased	45,145(+72.2%)	$3.2M	0.1%	-15.92%	47
Tidal Investments LLC	Increased	44,269(+8.3%)	$3.2M	0.0%	+120.45%	29
PEAK6 LLC	Increased	43,178(+14.1%)	$3.1M	0.0%	+15.51%	30
SIMPLEX TRADING, LLC	Decreased	42,906(-12.0%)	$3.1M	0.0%	+31.38%	0
CANTOR FITZGERALD, L. P.	Increased	42,467(+263.7%)	$3M	0.0%	-19.87%	43
NOMURA HOLDINGS INC	New	41,076	$2.9M	0.0%	-27.77%	36
MARSHALL WACE, LLP	New	40,339	$2.9M	0.0%	-27.77%	36
Clear Street Group Inc.	New	34,391	$2.4M	0.0%	-27.77%	36
MetLife Investment Management, LLC	Increased	33,364(+3.1%)	$2.4M	0.0%	+130.14%	27
CAPITAL FUND MANAGEMENT S.A.	Increased	33,322(+18.0%)	$2.4M	0.0%	+11.29%	31
MANUFACTURERS LIFE INSURANCE COMPANY, THE	Increased	32,431(+0.8%)	$2.3M	0.0%	+170.33%	26
State of New Jersey Common Pension Fund D	Decreased	31,277(-17.5%)	$2.2M	0.0%	-4.62%	0
INTECH INVESTMENT MANAGEMENT LLC	Unchanged	29,795	$2.1M	0.0%	+78.26%	0
Marex Group plc	New	29,575	$2.1M	0.0%	-27.77%	36
JANUS HENDERSON GROUP PLC	Increased	29,077(+13.7%)	$2.1M	0.0%	+90.37%	29
Creative Planning	Increased	26,795(+30.2%)	$1.9M	0.0%	+4.97%	33
Engineers Gate Manager LP	Increased	24,099(+59.8%)	$1.7M	0.0%	-2.51%	37
Private Advisor Group, LLC	New	22,794	$1.6M	0.0%	-27.77%	35
SEI INVESTMENTS CO	Increased	22,077(+43.3%)	$1.6M	0.0%	-8.94%	34
AQR CAPITAL MANAGEMENT LLC	Increased	21,569(+0.7%)	$1.5M	0.0%	+82.95%	26
LOS ANGELES CAPITAL MANAGEMENT LLC	Increased	25,169(+19.5%)	$1.5M	0.0%	+6.65%	30
COMMONWEALTH EQUITY SERVICES, LLC	Increased	19,589(+93.7%)	$1.4M	0.0%	-17.42%	40
NEW YORK STATE COMMON RETIREMENT FUND	Increased	19,428(+7.2%)	$1.4M	0.0%	-6.98%	27
Arizona State Retirement System	Increased	17,414(+0.4%)	$1.2M	0.0%	-26.03%	25
Police & Firemen's Retirement System of New Jersey	Increased	16,299(+3.6%)	$1.2M	0.0%	+21.29%	26
NewEdge Advisors, LLC	Increased	16,116(+53.0%)	$1.1M	0.0%	-0.13%	35
Zurcher Kantonalbank (Zurich Cantonalbank)	Increased	15,699(+3.5%)	$1.1M	0.0%	+14.69%	26
OSAIC HOLDINGS, INC.	Decreased	14,691(-52.2%)	$1M	0.0%	+38.44%	0
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	Unchanged	14,516	$1M	0.0%	-41.54%	0
KLP KAPITALFORVALTNING AS	Increased	13,400(+9.8%)	$953,812	0.0%	+21.41%	27
JONES FINANCIAL COMPANIES LLLP	Increased	13,274(+10.7%)	$944,843	0.0%	+48.02%	28
ROYAL BANK OF CANADA	Decreased	12,607(-80.2%)	$897,000	0.0%	+5.61%	0
Empower Advisory Group, LLC	Increased	12,561(+92.6%)	$894,092	0.0%	+18.50%	39
Gotham Asset Management, LLC	Decreased	11,610(-2.9%)	$826,400	0.0%	+25.80%	0
ProShare Advisors LLC	Increased	11,075(+16.3%)	$788,320	0.0%	+20.58%	29
Cetera Investment Advisers	Decreased	10,852(-34.3%)	$772,446	0.0%	-4.62%	0
VOYA INVESTMENT MANAGEMENT LLC	Increased	10,666(+5.3%)	$759,206	0.0%	+130.61%	26
MERCER GLOBAL ADVISORS INC /ADV	Decreased	10,295(-4.9%)	$732,799	0.0%	+171.18%	0
Pathstone Holdings, LLC	Decreased	9,950(-1.9%)	$708,241	0.0%	+28.58%	0
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Increased	8,431(+2.7%)	$674,649	0.0%	+21.08%	25
Federation des caisses Desjardins du Quebec	Decreased	9,181(-4.4%)	$653,512	0.0%	-6.61%	0
CANADA PENSION PLAN INVESTMENT BOARD	Decreased	9,100(-89.5%)	$647,738	0.0%	-4.62%	0
Pictet Asset Management Holding SA	Increased	8,911(+14.9%)	$634,285	0.0%	+21.02%	28
Quantinno Capital Management LP	Increased	8,619(+8.6%)	$613,500	0.0%	+13.33%	27
Wealthfront Advisers LLC	Increased	8,304(+35.6%)	$591,079	0.0%	-12.02%	32
Cerity Partners LLC	Increased	8,138(+5.9%)	$579,264	0.0%	+12.87%	26
Russell Investments Group, Ltd.	Decreased	7,601(-16.7%)	$541,039	0.0%	+2.54%	0
VICTORY CAPITAL MANAGEMENT INC	Increased	7,393(+7.1%)	$526,234	0.0%	+27.81%	26
STIFEL FINANCIAL CORP	Decreased	7,306(-0.9%)	$520,044	0.0%	+50.74%	0
Corient Private Wealth LLC	Increased	6,740(+14.6%)	$479,755	0.0%	+13.11%	28
HighTower Advisors, LLC	Decreased	5,968(-3.9%)	$424,778	0.0%	-4.62%	0
Magnetar Financial LLC	New	5,926	$421,813	0.0%	-27.77%	33
STATE OF WISCONSIN INVESTMENT BOARD	Decreased	5,458(-30.2%)	$388,500	0.0%	+19.84%	0
Orion Porfolio Solutions, LLC	Decreased	5,193(-6.1%)	$369,638	0.0%	-4.62%	0
Walleye Capital LLC	Decreased	5,171(-83.7%)	$368,072	0.0%	+7.11%	0
XTX Topco Ltd	New	5,003	$356,114	0.0%	-27.77%	33
Kestra Advisory Services, LLC	Increased	5,001(+2.4%)	$355,971	0.0%	-5.32%	24
Ensign Peak Advisors, Inc	Decreased	4,850(-66.4%)	$345,223	0.0%	-4.62%	0
XPONANCE LLC	Increased	4,811(+10.4%)	$342,447	0.0%	-7.41%	26
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	New	4,741	$337,464	0.0%	-27.77%	33
&PARTNERS	New	4,384	$312,053	0.0%	-27.77%	32
JANE STREET GROUP, LLC	Decreased	4,356(-94.9%)	$310,060	0.0%	+27.56%	0
CIBC Asset Management Inc	New	4,295	$305,718	0.0%	-27.77%	32
STRS OHIO	Increased	4,200(+162.5%)	$298,956	0.0%	-20.41%	38
NISA INVESTMENT ADVISORS, LLC	Decreased	4,034(-44.0%)	$287,140	0.0%	+181.66%	0
CIBC WORLD MARKETS CORP	Decreased	4,008(-41.6%)	$285,289	0.0%	+59.72%	0
Neuberger Berman Group LLC	New	3,854	$274,327	0.0%	-27.77%	32
PRUDENTIAL FINANCIAL INC	Decreased	3,735(-85.4%)	$265,857	0.0%	+1.71%	0
TD Waterhouse Canada Inc.	Increased	3,671(+3.4%)	$261,338	0.0%	+33.55%	24
PRINCIPAL FINANCIAL GROUP INC	Decreased	3,569(-16.2%)	$254,041	0.0%	-4.62%	0
TRUIST FINANCIAL CORP	New	3,568	$253,970	0.0%	-27.77%	32
MACKENZIE FINANCIAL CORP	New	3,487	$249,874	0.0%	-27.77%	32
Optiver Holding B.V.	Increased	3,283(+35.6%)	$233,684	0.0%	-12.02%	30
OneDigital Investment Advisors LLC	New	3,251	$231,406	0.0%	-27.77%	32
Vanguard Personalized Indexing Management, LLC	New	3,057	$217,597	0.0%	-27.77%	32
Swiss Life Asset Management Ltd	New	3,016	$214,679	0.0%	-27.77%	32
Banco Santander, S.A.	Decreased	2,897(-40.1%)	$206,208	0.0%	-4.62%	0
CIBC WORLD MARKET INC.	New	2,819	$200,656	0.0%	-27.77%	32
US BANCORP \DE\	Increased	2,571(+1.1%)	$183,004	0.0%	+39.42%	23
PRICE T ROWE ASSOCIATES INC /MD/	Increased	1.5M(+186.1%)	$105,644	0.0%	-19.91%	35
Rockefeller Capital Management L.P.	Decreased	1,469(-46.7%)	$104,563	0.0%	-4.62%	0
Steward Partners Investment Advisory, LLC	Decreased	1,360(-2.7%)	$96,805	0.0%	-13.68%	0
NATIONAL BANK OF CANADA /FI/	Decreased	1,190(-4.9%)	$84,713	0.0%	+76.58%	0
PNC FINANCIAL SERVICES GROUP, INC.	Increased	1,182(+58.5%)	$84,135	0.0%	-13.67%	21
Asset Management One Co., Ltd.	Decreased	1,029(-50.3%)	$73,388	0.0%	+55.09%	0
Farther Finance Advisors, LLC	Increased	1,024(+127.0%)	$72,888	0.0%	-0.82%	34
MACQUARIE GROUP LTD	New	891	$63,421	0.0%	-27.77%	29
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	New	470	$33,455	0.0%	-27.77%	30
Allworth Financial LP	Decreased	322(-23.7%)	$22,920	0.0%	+29.13%	0
Mirae Asset Global Investments Co., Ltd.	Increased	266(+20.4%)	$18,934	0.0%	+33.81%	22
CIBC Private Wealth Group LLC	Unchanged	256	$18,222	0.0%	+63.71%	0
COMERICA BANK	Unchanged	237	$16,870	0.0%	+209.31%	0
DANSKE BANK A/S	New	200	$14,236	0.0%	-27.77%	27
MAI Capital Management	Decreased	120(-14.3%)	$8,542	0.0%	+30.28%	0
HUNTINGTON NATIONAL BANK	Unchanged	30	$2,136	0.0%	+66.14%	0
ASSETMARK, INC	Unchanged	10	$712	0.0%	+23.30%	0
BNP Paribas Asset Management Holding S.A.	Increased	824(+59.4%)	$59	0.0%	-4.82%	16
Wealthspire Advisors, LLC	Exited	0(-100.0%)	$32,118	0.0%	+32.06%	0
Brevan Howard Capital Management LP	Exited	0(-100.0%)	$1.7M	0.0%	+66.76%	0
TEACHER RETIREMENT SYSTEM OF TEXAS	Exited	0(-100.0%)	$409,129	0.0%	+117.57%	0
Vontobel Holding Ltd.	Exited	0(-100.0%)	$203,789	0.0%	+32.06%	0
VIRGINIA RETIREMENT SYSTEMS ET Al	Exited	0(-100.0%)	$1.2M	0.0%	+50.43%	0
Trexquant Investment LP	Exited	0(-100.0%)	$5.6M	0.0%	+289.38%	0
TORONTO DOMINION BANK	Exited	0(-100.0%)	$381,027	0.0%	+70.71%	0
JUPITER ASSET MANAGEMENT LTD	Exited	0(-100.0%)	$9.1M	0.0%	+32.06%	0

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