Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in LMND held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 5.0M | $311.5M | +0.4% | 6.468% | 0.01% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 3.0M | $189.2M | β | 3.929% | 0.00% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.0M | $186.9M | β | 3.882% | 0.01% |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2.8M | $177.3M | -3.0% | 3.681% | 0.02% |
| 5 | BAILLIE GIFFORD & CO | 2.8M | $173.4M | -3.5% | 3.601% | 0.18% |
| 6 | CITADEL ADVISORS LLC | 2.4M | $149.2M | β | 3.099% | 0.07% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 1.7M | $107.6M | +19.3% | 2.234% | 0.01% |
| 8 | STATE STREET CORP | 1.6M | $97.4M | +3.9% | 2.024% | 0.00% |
| 9 | MORGAN STANLEY | 1.2M | $73.0M | -15.7% | 1.516% | 0.00% |
| 10 | TWO SIGMA INVESTMENTS, LP | 953K | $59.7M | +22.9% | 1.240% | 0.05% |
| 11 | Squarepoint Ops LLC | 905K | $56.7M | +715.8% | 1.179% | 0.07% |
| 12 | GOLDMAN SACHS GROUP INC | 725K | $45.5M | -16.3% | 0.944% | 0.01% |
| 13 | FRONTIER CAPITAL MANAGEMENT CO LLC | 672K | $42.1M | β | 0.875% | 0.43% |
| 14 | NORTHERN TRUST CORP | 609K | $38.2M | +3.2% | 0.793% | 0.01% |
| 15 | BIT Capital GmbH | 584K | $36.6M | -68.6% | 0.760% | 1.78% |
| 16 | Holocene Advisors, LP | 554K | $34.7M | -29.3% | 0.721% | 0.08% |
| 17 | Halter Ferguson Financial Inc. | 546K | $34.2M | -9.1% | 0.711% | 7.52% |
| 18 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 517K | $32.4M | -0.9% | 0.673% | 0.00% |
| 19 | Nuveen, LLC | 457K | $28.6M | +24.3% | 0.594% | 0.01% |
| 20 | VANGUARD FIDUCIARY TRUST CO | 443K | $27.8M | β | 0.577% | 0.01% |
| 21 | BANK OF AMERICA CORP /DE/ | 360K | $22.6M | +52.1% | 0.469% | 0.00% |
| 22 | TUDOR INVESTMENT CORP ET AL | 353K | $22.1M | +67.0% | 0.460% | 0.08% |
| 23 | UBS Group AG | 347K | $21.7M | +6.3% | 0.452% | 0.00% |
| 24 | CAPITAL FUND MANAGEMENT S.A. | 311K | $19.5M | +90.6% | 0.405% | 0.11% |
| 25 | Walleye Capital LLC | 298K | $18.7M | +301.4% | 0.388% | 0.08% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in LMND β a direct measure of their conviction.
Filings activity in LMND during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new LMND position in Q1 2026
Institutions that fully closed their LMND position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 336 | 1.5% | 57.07% | 20.29 pp | $2.52B | 26% |
| Q4 2025 | 341 | +18% | 77.36% | +21.27 pp | $3.42B | +38% |
| Q3 2025 | 289 | +7.4% | 56.09% | +12.78 pp | $2.48B | +30% |
| Q2 2025 | 269 | +9.8% | 43.31% | +11.27 pp | $1.91B | +35% |
| Q1 2025 | 245 | 7.2% | 32.04% | 4.33 pp | $1.41B | 12% |
| Q4 2024 | 264 | +22% | 36.37% | +21.11 pp | $1.61B | +138% |
| Q3 2024 | 216 | +2.4% | 15.26% | 7.53 pp | $674M | 33% |
| Q2 2024 | 211 | β | 22.79% | β | $1.01B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying LMND stock.
Based on Q1 2026 13F filings, institutional ownership of Lemonade, Inc. stands at 57.1%, held across 336 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of LMND, with approximately 4,968,901 shares worth $0.31B as of Q1 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of LMND, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC, TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for LMND is 46 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
65 institutions opened new positions in LMND during Q1 2026, while 70 fully exited. 81 added to existing positions and 186 trimmed.
LMND institutional ownership fell by 20.29 percentage points quarter-over-quarter, with a net change of -5 holders.
The top 10 institutions account for 60.5% of all reported 13F value in LMND, and the top 25 account for 79.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Lemonade, Inc. (LMND) Institutional Ownership