Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Lemonade Inc (LMND)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
50%

Smart Money Signals — LMND

Based on 344 hedge funds · latest filing: 2026 Q1 · 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
344 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 — +36% more funds vs a year ago

fund count last 6Q
+91 new funds entered over the past year (+36% 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 — 50% buying

185 buying183 selling
Last quarter: 185 funds bought or added vs 183 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.
⚠️

Fewer new buyers each quarter (-34 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 62 → 72 → 99 → 65. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 28% medium ■ 28% new
150 out of 344 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.
💎

Buying through price weakness — shares -14%, value -29%

Value
-28%
Shares
-13%
Last quarter: funds added -14% more shares while total portfolio value only changed -29%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

47 → 62 → 72 → 99 → 65 new funds/Q
New funds entering each quarter: 62 → 72 → 99 → 65. A growing number of institutions are discovering LMND each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 56% veterans vs 31% newcomers

■ 56% veterans ■ 13% 1-2yr ■ 31% new
Entry-cohort mix of 375 holders: 210 (56%) are 2+ year veterans, 50 entered 1–2 years ago, and 115 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
47 of 341 holders are among the 100 largest funds by AUM, controlling 40% 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.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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.

Institutional Sentiment Summary — LMND

In 2026 Q1, 185 hedge funds were net buyers of LMND (65 opened a new position, 120 added to an existing one), while 183 reduced or exited (117 trimmed, 66 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 40% of total institutional value in LMND is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 344.

Hedge Fund Ownership: LMND

How many hedge funds hold LMND — quarterly history vs. share price
Quarterly hedge fund ownership of LMND vs. share price

Market Analysis: LMND

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: LMND

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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

Signal Freshness measures how much LMND has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 83d ago
LMND
-6.1%
XLF
+126.4%

LMND outperformed XLF by -132.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 38d ago
LMND
+14.6%
XLF
+96.0%

Since the filing became public, LMND outperformed XLF by -81.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Growing Institutional Interest

Quality funds are building positions — conviction is rising but not yet widespread.

35 top-rated funds 7 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
6.0
/ 10
conviction
Hedge Fund Positioning: LMND
343 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 343 345 -0.58%
13F Shares 45M 53M -13.6%
Total Value $2.79B $3.93B -28.91%
New Positions 64 99 -35
Increased Positions 113 111 +2
Closed Positions 66 50 +16
Reduced Positions 105 87 +18
Total Calls 16 18 -11.11%
Total Puts 18 19 -5.26%
PUT/CALL Ratio 1.12 1.06 Neutral

Statistics: LMND

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Valuation Measures Data as of: --

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

343 + 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:
Top 25 LMND holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sparta 24 Ltd. 7.58% 105,728 $6.6M
2 Halter Ferguson Financial Inc. 7.52% 546,324 $34.2M
3 Privium Fund Management B.V. 3.33% 255,259 $16.0M
4 PhiloSmith Capital Corp 3.10% 173,250 $10.9M
5 TB Alternative Assets Ltd. 3.07% 235,818 $14.8M
6 Ma Investment Partnership, LP 3.01% 100,000 $6.3M
7 REX Advisers, LLC 2.20% 11,600 $727K
8 Nia Impact Advisors, LLC 1.77% 63,645 $4.0M
9 BIT Capital GmbH 1.77% 583,796 $36.6M
10 Amtrust Financial Services, Inc. 1.18% 56,644 $3.6M
11 Illumine Investment Management, LLC 1.08% 22,415 $1.4M
12 Worth Venture Partners, LLC 1.00% 5,043 $316K
13 Udine Wealth Management, INC. 0.96% 31,438 $2.0M
14 Landscape Capital Management, L.L.C. 0.84% 211,736 $13.3M
15 Rare Wolf Capital LLC 0.78% 19,090 $1.2M
16 Eddie Patel Inc 0.66% 13,803 $865K
17 Genesis Financial Group, LLC 0.50% 12,500 $784K
18 Synergy Financial Group, LTD 0.46% 9,728 $610K
19 Williamson Legacy Group, LLC 0.46% 9,719 $609K
20 Blueshift Asset Management, LLC 0.44% 23,345 $1.5M
21 Frontier Capital Management Co LLC 0.43% 672,383 $42.1M
22 PDT Partners, LLC 0.33% 89,507 $5.6M
23 Havemeyer Place LP 0.27% 36,841 $2.3M
24 Dynamic Technology Lab Private Ltd 0.26% 25,710 $1.6M
25 United Capital Management of KS, Inc. 0.22% 23,168 $1.5M
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 — 50% buying: Last quarter: 185 funds bought or added vs 183 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 — 40% AUM from top-100 funds: 47 of 341 holders are among the 100 largest funds by AUM, controlling 40% 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?

44% of holders stayed for 2+ years: 150 out of 344 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 Q1 hedge fund 13F filings?

As of today, LMND has moved +14.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +96.0% for the XLF sector ETF — an outperformance of -81.4%. Since the quarter end (March 31, 2026), LMND has gained -6.1% vs +126.4% 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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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