Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

LEMONADE INC (LMND)

357 + 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
↑ +44
Streak
3Q ▲
Buyers last Q
60%

Smart Money Signals — LMND

Based on 324 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added LMND than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
324 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 — +27% more funds vs a year ago

fund count last 6Q
+68 new funds entered over the past year (+27% 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.
🟢

More buyers than sellers — 60% buying

207 buying137 selling
Last quarter: 207 funds were net buyers (91 opened a brand new position + 116 added to an existing one). Only 137 were sellers (90 trimmed + 47 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+23 vs last Q)

new funds entering per quarter
Funds opening a new LMND position: 43 → 60 → 68 → 91. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

46% of holders stayed for 2+ years

■ 46% conviction (2yr+) ■ 25% medium ■ 29% new
148 out of 324 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.
💰

Price up while funds trimmed (+31% value, -0% shares)

Value
+31%
Shares
0%
Last quarter: total value of institutional LMND holdings rose +31% even though funds reduced share count by 0%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

78 → 43 → 60 → 68 → 91 new funds/Q
New funds entering each quarter: 43 → 60 → 68 → 91. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 58% of holders stayed 2+ years

■ 58% veterans ■ 9% 1-2yr ■ 33% new
Of 357 current holders: 207 (58%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
30 of 324 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.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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.

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.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

48 top-rated funds 6 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
4.2
/ 10
conviction
Hedge Fund Positioning: LMND
2026 Q1 Stats Unlock in 10 days 357 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 357 309 15.53%
13F Shares 51M 51M -0.27%
Total Value $3.56B $2.71B 31.27%
New Positions 95 71 +24
Increased Positions 151 133 +18
Closed Positions 52 48 +4
Reduced Positions 135 124 +11
Total Calls 17 19 -10.53%
Total Puts 19 15 26.67%
PUT/CALL Ratio 1.12 0.79 Neutral

Statistics: LMND

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
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Income Statement & Cash Flow
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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

357 + investors

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

Top 25 institutional holders of LMND — 2025 Q4 · 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 TB Alternative Assets Ltd. 3.07% 235,818 $14.8M
5 REX Advisers, LLC 2.20% 11,600 $727K
6 NIA IMPACT ADVISORS, LLC 1.77% 63,645 $4.0M
7 Analyst IMS Investment Management Services Ltd. 1.17% 617,639 $39K
8 Illumine Investment Management, LLC 1.08% 22,415 $1.4M
9 UDINE WEALTH MANAGEMENT, INC. 0.96% 31,438 $2.0M
10 Fearless Solutions, LLC dba Best Invest 0.22% 5,702 $357K
11 Johnson & White Wealth Management, LLC 0.21% 7,981 $500K
12 WATERSHED PRIVATE WEALTH LLC 0.18% 9,210 $577K
13 BAILLIE GIFFORD & CO 0.18% 2,766,426 $173.4M
14 Leo Wealth, LLC 0.16% 34,174 $2.1M
15 PURSUE WEALTH PARTNERS LLC 0.15% 4,042 $253K
16 Baader Bank Aktiengesellschaft 0.15% 30,000 $1.9M
17 Oasis Advisors, LLC 0.14% 3,798 $270K
18 Hillsdale Investment Management Inc. 0.14% 80,800 $5.1M
19 REX Advisers, LLC 0.11% 23,200 $36K
20 Baader Bank Aktiengesellschaft 0.11% 21,500 $1.3M
21 Aspiring Ventures, LLC 0.10% 5,236 $328K
22 Fermata Advisors, LLC 0.09% 6,703 $420K
23 Fiduciary Planning LLC 0.09% 4,947 $310K
24 Baer Investment Advisory LLC 0.07% 8,919 $559K
25 VICTORY FINANCIAL GROUP, LLC 0.07% 8,919 $559K
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?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added LMND than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for LMND?

More buyers than sellers — 60% buying: Last quarter: 207 funds were net buyers (91 opened a brand new position + 116 added to an existing one). Only 137 were sellers (90 trimmed + 47 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for LMND holders?

Elite ownership — 40% AUM from top-100 funds: 30 of 324 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?

46% of holders stayed for 2+ years: 148 out of 324 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.

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.