Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Lemonade Inc (LMND)

334 + 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
↓ -5
Streak
1Q ▼
Buyers last Q
55%

Smart Money Signals — LMND

Based on 341 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 (99% of max)

99% of all-time peak
341 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 — +24% more funds vs a year ago

fund count last 6Q
+65 new funds entered over the past year (+24% 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 — 55% buying

196 buying161 selling
Last quarter: 196 funds bought or added vs 161 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 — ~62 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 72 → 99 → 66 → 62. 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+) ■ 26% medium ■ 28% new
157 out of 341 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

63 → 72 → 99 → 66 → 62 new funds/Q
New funds entering each quarter: 72 → 99 → 66 → 62. 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 372 holders: 210 (56%) are 2+ year veterans, 50 entered 1–2 years ago, and 112 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 56% AUM from top-100 funds

56% from top-100 AUM funds
52 of 334 holders are among the 100 largest funds by AUM, controlling 56% 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.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 Q2, 196 hedge funds were net buyers of LMND (62 opened a new position, 134 added to an existing one), while 161 reduced or exited (94 trimmed, 67 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 56% of total institutional value in LMND is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 341.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

18 top-rated funds 5 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
5.8
/ 10
conviction
Hedge Fund Positioning: LMND
334 + Investors

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

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

Statistics: LMND

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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:
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 Timothy G. Youngquist 2020 Irrevocable Trust 1.62% 31,050 $2.2M
7 Nia Impact Advisors, LLC 1.56% 57,721 $3.8M
8 Ma Investment Partnership, LP 1.16% 100,000 $6.5M
9 Amtrust Financial Services, Inc. 1.10% 56,644 $3.7M
10 Illumine Investment Management, LLC 0.99% — $1.5M
11 Udine Wealth Management, INC. 0.90% 33,461 $2.2M
12 Sandler Capital Management 0.72% 22,200 $1.4M
13 Worth Venture Partners, LLC 0.60% 4,119 $268K
14 Rare Wolf Capital LLC 0.59% 14,033 $913K
15 Genesis Financial Group, LLC 0.53% 12,500 $813K
16 Synergy Financial Group, LTD 0.45% 9,717 $632K
17 Frontier Capital Management Co LLC 0.37% 609,820 $39.7M
18 Havemeyer Place LP 0.29% 44,751 $2.9M
19 Fox Run Management, L.L.C. 0.25% 23,217 $1.5M
20 PDT Partners, LLC 0.24% 71,637 $4.7M
21 Bayforest Capital Ltd 0.24% 4,045 $263K
22 Landscape Capital Management, L.L.C. 0.22% 52,977 $3.4M
23 Odyssean, LLC 0.22% 20,873 $1.4M
24 Crawford Fund Management, LLC 0.20% 20,500 $1.3M
25 United Capital Management of KS, Inc. 0.20% 23,301 $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 — 55% buying: Last quarter: 196 funds bought or added vs 161 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 — 56% AUM from top-100 funds: 52 of 334 holders are among the 100 largest funds by AUM, controlling 56% 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: 157 out of 341 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.

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