Lemonade, Inc. (LMND) Institutional Ownership

Ownership Summary

Lemonade, Inc. (NYSE:LMND) is held by 338 institutional investors per 13F filings through December 2025.

• These investors held 58.0% of outstanding shares in December 2025, down from 65.8% in September 2025.
• Their total shares held in LMND decreased -7.82% from the prior quarter, while the number of investors in Lemonade increased 26.12% year over year.
• Of these 338 funds, 201 grew their exposure to Lemonade, 88 cut back, and 49 maintained positions.
• The aggregate institutional position in Lemonade amounted to 43.05Mn shares as of December 2025, down by 3.65Mn shares quarter on quarter, and down 2.37Mn shares year over year.
• As of December 31, 2025, Jpmorgan Chase & Co held the largest stake in Lemonade with 5.26Mn shares, accounting for 7.09% of total shares outstanding.
• Leading buyers of Lemonade shares for the quarter ending December 2025 were VANGUARD CAPITAL MANAGEMENT LLC (3.02Mn), VANGUARD PORTFOLIO MANAGEMENT LLC (2.98Mn), JANE STREET GROUP, LLC (1.21Mn), Squarepoint Ops LLC (807.15K), Jpmorgan Chase & Co (779.38K).
• The biggest sellers of Lemonade for the quarter ending December 2025 included BIT Capital GmbH (1.24Mn), M&T Bank Corp (1.07Mn), Goldman Sachs Group Inc (1.01Mn), D. E. Shaw & Co., Inc. (822.89K), DEUTSCHE BANK AG\ (433.18K).
• Lemonade's 10 largest shareholders as of December 2025 include Jpmorgan Chase & Co (5.26Mn), BlackRock, Inc. (4.97Mn), VANGUARD CAPITAL MANAGEMENT LLC (3.02Mn), VANGUARD PORTFOLIO MANAGEMENT LLC (2.98Mn), BAILLIE GIFFORD & CO (2.77Mn), GEODE CAPITAL MANAGEMENT, LLC (1.72Mn), State Street Corp (1.55Mn), JANE STREET GROUP, LLC (1.22Mn), Morgan Stanley (1.16Mn), TWO SIGMA INVESTMENTS, LP (948.55K) per Business Quant data.