Lemonade Inc (LMND) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Lemonade Inc (LMND) following the 2026 Q2 hedge fund 13F filings?

As of today, LMND has moved -14.6% since the 2026 Q2 13F filing date (August 14, 2026), compared to -5.8% for the XLF sector ETF — an outperformance of -8.8%. Since the quarter end (June 30, 2026), LMND gained -30.9% vs +2.1% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Lemonade Inc (LMND)

334 + Investors. Track Smart Money conviction in LMND. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — LMND

Based on 345 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their LMND positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

345 hedge funds hold LMND right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +25% more funds vs a year ago

fund count last 6Q

+68 new funds entered over the past year (+25% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟡

Slight buying edge — 56% buying

199 buying159 selling

Last quarter: 199 funds bought or added vs 159 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

➡️

Steady new buyers — ~64 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 72 → 99 → 66 → 64. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

46% of holders stayed for 2+ years

■ 46% conviction (2yr+) ■ 25% medium ■ 29% new

159 out of 345 hedge funds have held LMND for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

📊

Peak discovery — momentum slowing

64 → 72 → 99 → 66 → 64 new funds/Q

New funds entering each quarter: 72 → 99 → 66 → 64. LMND is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Veteran-anchored — 56% veterans vs 30% newcomers

■ 56% veterans ■ 13% 1-2yr ■ 30% new

Entry-cohort mix of 376 holders: 212 (56%) are 2+ year veterans, 50 entered 1–2 years ago, and 114 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 57% AUM from top-100 funds

57% from top-100 AUM funds

53 of 338 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in LMND. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.0

out of 10

Moderate Exit Risk

Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	334	346	-3.47%
13F Shares	52M	45M	14.8%
Total Value	$3.31B	$2.79B	18.49%
New Positions	62	66	-4
Increased Positions	122	113	+9
Closed Positions	67	66	+1
Reduced Positions	89	106	-17
Total Calls	16	16	-
Total Puts	21	18	16.67%
PUT/CALL Ratio	1.31	1.12	Bearish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

334

346

-3.47%

13F Shares

52M

45M

14.8%

Total Value

$3.31B

$2.79B

18.49%

New Positions

-4

Increased Positions

122

113

Closed Positions

Reduced Positions

106

-17

Total Calls

Total Puts

16.67%

PUT/CALL Ratio

1.31

1.12

Bearish

Institutional Holders (2026 Q2)

334 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in LMND. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 LMND holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Halter Ferguson Financial Inc.	10.60%	1,005,815	$65.4M
2	Sparta 24 Ltd.	4.08%	68,336	$4.4M
3	Niles Investment Management, LLC	3.60%	68,275	$4.4M
4	Privium Fund Management B.V.	3.23%	270,259	$17.6M
5	PhiloSmith Capital Corp	3.05%	172,550	$11.2M
6	Deeter Investments LLP	1.69%	111,000	$7.9M
7	Timothy G. Youngquist 2020 Irrevocable Trust	1.62%	31,050	$2.2M
8	Nia Impact Advisors, LLC	1.56%	57,721	$3.8M
9	Ma Investment Partnership, LP	1.16%	100,000	$6.5M
10	Amtrust Financial Services, Inc.	1.10%	56,644	$3.7M
11	Illumine Investment Management, LLC	0.99%	—	$1.5M
12	Udine Wealth Management, INC.	0.90%	33,461	$2.2M
13	Sandler Capital Management	0.72%	22,200	$1.4M
14	Worth Venture Partners, LLC	0.60%	4,119	$268K
15	Rare Wolf Capital LLC	0.59%	14,033	$913K
16	Genesis Financial Group, LLC	0.53%	12,500	$813K
17	Synergy Financial Group, LTD	0.45%	9,717	$632K
18	Frontier Capital Management Co LLC	0.37%	609,820	$39.7M
19	Havemeyer Place LP	0.29%	44,751	$2.9M
20	Fox Run Management, L.L.C.	0.25%	23,217	$1.5M
21	PDT Partners, LLC	0.24%	71,637	$4.7M
22	Bayforest Capital Ltd	0.24%	4,045	$263K
23	Landscape Capital Management, L.L.C.	0.22%	52,977	$3.4M
24	Odyssean, LLC	0.22%	20,873	$1.4M
25	Crawford Fund Management, LLC	0.20%	20,500	$1.3M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Lemonade Inc (LMND)

What does the Smart Money Trend signal show for LMND?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their LMND positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for LMND?

Slight buying edge — 56% buying: Last quarter: 199 funds bought or added vs 159 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for LMND holders?

Elite ownership — 57% AUM from top-100 funds: 53 of 338 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in LMND. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held LMND?

46% of holders stayed for 2+ years: 159 out of 345 hedge funds have held LMND for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Lemonade Inc (LMND) following the 2026 Q2 hedge fund 13F filings?

As of today, LMND has moved -14.6% since the 2026 Q2 13F filing date (August 14, 2026), compared to -5.8% for the XLF sector ETF — an outperformance of -8.8%. Since the quarter end (June 30, 2026), LMND has gained -30.9% vs +2.1% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Lemonade Inc (LMND)

Smart Money Signals — LMND

Selling streak — 1 quarter in a row

At the ownership peak (100% of max)

Fast accumulation — +25% more funds vs a year ago

Slight buying edge — 56% buying

Steady new buyers — ~64 new funds per quarter

46% of holders stayed for 2+ years

Peak discovery — momentum slowing

Veteran-anchored — 56% veterans vs 30% newcomers

Elite ownership — 57% AUM from top-100 funds

Institutional Sentiment Summary — LMND

Hedge Fund Ownership: LMND

Market Analysis: LMND

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: LMND

Is It Too Late to Buy Lemonade Inc (LMND) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: LMND

Statistics: LMND

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Lemonade Inc (LMND)

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