LMND LEMONADE INC
COMMON
CUSIP: 52567D107
FIGI: BBG00BM5YC05
Institutional Holders360
Total Institutional Value$3,839,268,893
Total Shares Held52,625,319
Avg Position$10,664,636
Top 5 Holders %43.6%
Alpha-Weighted Score62.8
New Positions+77
Exited Positions-44
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | High Conviction | Market Mover | $448,822,143 (11.7%) | 6,305,453 | 33.5% |
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $352,317,903 (9.2%) | 4,949,676 | 47.5% |
| M&T BANK CORP | High Conviction | Significant Flow | $344,806,456 (9.0%) | 1,073,038 | NEW |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $319,130,697 (8.3%) | 4,483,431 | -15.0% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Moderate Conviction | Market Mover | $207,480,019 (5.4%) | 2,914,864 | 58.1% |
| BAILLIE GIFFORD & CO | High Conviction | Significant Flow | $204,033,625 (5.3%) | 2,866,446 | 29.6% |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $161,468,983 (4.2%) | 2,268,460 | 31.4% |
| SHAW D E & CO INC | Moderate Conviction | Market Mover | $138,779,575 (3.6%) | 1,949,699 | 3.4% |
| BIT Capital GmbH | High Conviction | Low Flow | $132,152,290 (3.4%) | 1,856,593 | 96.8% |
| STATE STREET CORP | High Conviction | Market Mover | $106,473,962 (2.8%) | 1,495,841 | 28.9% |
| GEODE CAPITAL MANAGEMENT, LLC | High Conviction | Market Mover | $102,400,069 (2.7%) | 1,438,358 | 39.5% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $98,340,405 (2.6%) | 1,381,573 | 40.1% |
| JANE STREET GROUP, LLC | Moderate Conviction | Market Mover | $81,554,912 (2.1%) | 1,145,756 | 40.0% |
| SOFTBANK GROUP CORP | Elite Conviction | Moderate Flow | $65,876,805 (1.7%) | 925,496 | -65.5% |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $61,675,762 (1.6%) | 866,476 | 100.3% |
| HOLOCENE ADVISORS, LP | High Conviction | Significant Flow | $55,716,359 (1.5%) | 782,753 | 390.1% |
| TWO SIGMA INVESTMENTS, LP | Moderate Conviction | Significant Flow | $55,181,726 (1.4%) | 775,242 | 26.8% |
| HALTER FERGUSON FINANCIAL INC. | Elite Conviction | Minimal Flow | $42,769,429 (1.1%) | 600,863 | 38.7% |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $42,048,090 (1.1%) | 590,729 | 33.7% |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | High Conviction | Market Mover | $37,174,253 (1.0%) | 522,257 | -9.7% |
| DEUTSCHE BANK AG\\ | Moderate Conviction | Market Mover | $35,004,758 (0.9%) | 491,778 | -18.5% |
| FMR LLC | High Conviction | Market Mover | $33,907,293 (0.9%) | 476,360 | 132.1% |
| Nuveen, LLC | High Conviction | Market Mover | $26,141,638 (0.7%) | 367,261 | 221.1% |
| MAN GROUP PLC | High Conviction | Significant Flow | $25,978,066 (0.7%) | 364,963 | NEW |
| TWO SIGMA ADVISERS, LP | High Conviction | Significant Flow | $24,834,560 (0.6%) | 348,898 | 19.9% |
| UBS Group AG | Moderate Conviction | Market Mover | $23,226,532 (0.6%) | 326,307 | -46.8% |
| WALLEYE TRADING LLC | Moderate Conviction | Significant Flow | $19,935,810 (0.5%) | 280,076 | 50.0% |
| PRIVIUM FUND MANAGEMENT B.V. | Elite Conviction | Minimal Flow | $17,671,076 (0.5%) | 248,259 | 127.7% |
| BNP PARIBAS FINANCIAL MARKETS | Moderate Conviction | Market Mover | $16,883,896 (0.4%) | 224,627 | 25.9% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $16,864,464 (0.4%) | 236,927 | -81.1% |
| POINT72 ASSET MANAGEMENT, L.P. | Moderate Conviction | Market Mover | $16,449,698 (0.4%) | 231,100 | 1,356.4% |
| FEDERATED HERMES, INC. | High Conviction | Significant Flow | $15,626,573 (0.4%) | 219,536 | 85.2% |
| TUDOR INVESTMENT CORP ET AL | Moderate Conviction | Significant Flow | $15,060,763 (0.4%) | 211,587 | 24.7% |
| QUBE RESEARCH & TECHNOLOGIES LTD | Moderate Conviction | Market Mover | $15,047,523 (0.4%) | 211,401 | 35.2% |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $13,214,101 (0.3%) | 185,643 | 56.6% |
| PHILOSMITH CAPITAL CORP | Elite Conviction | Minimal Flow | $12,331,935 (0.3%) | 173,250 | 33.0% |
| SPARTA 24 LTD. | Elite Conviction | Minimal Flow | $12,053,479 (0.3%) | 169,338 | NEW |
| CAPITAL FUND MANAGEMENT S.A. | Moderate Conviction | Significant Flow | $11,625,259 (0.3%) | 163,322 | -44.5% |
| Universal- Beteiligungs- und Servicegesellschaft mbH (CIK 0002057170) | High Conviction | Significant Flow | $11,142,920 (0.3%) | 156,411 | NEW |
| FIRST TRUST ADVISORS LP | High Conviction | Market Mover | $11,134,473 (0.3%) | 156,427 | 47.2% |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $10,673,427 (0.3%) | 149,950 | 90.7% |
| Invesco Ltd. | Moderate Conviction | Market Mover | $10,251,416 (0.3%) | 144,021 | 182.6% |
| AMERIPRISE FINANCIAL INC | Moderate Conviction | Market Mover | $9,635,601 (0.3%) | 135,362 | 14.6% |
| CI MUTUAL FUNDS INC | High Conviction | Significant Flow | $9,437,258 (0.2%) | 132,583 | NEW |
| NZS CAPITAL, LLC | High Conviction | Low Flow | $9,280,377 (0.2%) | 130,379 | 34.3% |
| MILLENNIUM MANAGEMENT, L.L.C. | Moderate Conviction | Market Mover | $9,268,205 (0.2%) | 130,208 | -35.3% |
| PDT PARTNERS, LLC | High Conviction | Low Flow | $8,951,383 (0.2%) | 125,757 | -14.5% |
| SWISS NATIONAL BANK | High Conviction | Market Mover | $8,812,084 (0.2%) | 123,800 | 44.9% |
| BARCLAYS PLC | High Conviction | Market Mover | $8,435,543 (0.2%) | 118,510 | 82.9% |
| ATIKA CAPITAL MANAGEMENT LLC | Moderate Conviction | Low Flow | $8,108,612 (0.2%) | 113,917 | 119.5% |
| SQUAREPOINT OPS LLC | Moderate Conviction | Significant Flow | $7,898,631 (0.2%) | 110,967 | 126.2% |
| GROUP ONE TRADING, L.P. | Moderate Conviction | Significant Flow | $7,856,208 (0.2%) | 110,371 | -36.0% |
| GILDER GAGNON HOWE & CO | High Conviction | Moderate Flow | $7,724,810 (0.2%) | 108,525 | NEW |
| BALYASNY ASSET MANAGEMENT LLC | Moderate Conviction | Market Mover | $7,452,118 (0.2%) | 104,694 | NEW |
| UBS GLOBAL ASSET MANAGEMENT AMERICAS INC | Moderate Conviction | Market Mover | $7,118,855 (0.2%) | 100,012 | 42.9% |
| DNB NOR ASSET MANAGEMENT AS | Moderate Conviction | Significant Flow | $6,884,387 (0.2%) | 96,718 | 150.8% |
| CRAWFORD FUND MANAGEMENT, LLC | Moderate Conviction | Low Flow | $6,811,926 (0.2%) | 95,700 | -5.5% |
| LIONTRUST INVESTMENT PARTNERS LLP | High Conviction | Moderate Flow | $6,680,528 (0.2%) | 93,854 | 3.6% |
| ALPHADYNE ASSET MANAGEMENT, LLC | Moderate Conviction | Moderate Flow | $6,570,911 (0.2%) | 92,314 | NEW |
| CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. | High Conviction | Significant Flow | $6,345,911 (0.2%) | 89,153 | -46.7% |
| PARALLAX VOLATILITY ADVISERS, LLC | Moderate Conviction | Significant Flow | $6,315,588 (0.2%) | 88,727 | 100.0% |
| HILLSDALE INVESTMENT MANAGEMENT INC. | High Conviction | Moderate Flow | $5,893,704 (0.2%) | 82,800 | NEW |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | High Conviction | Moderate Flow | $5,607,773 (0.1%) | 78,783 | NEW |
| DIMENSIONAL FUND ADVISORS LP | High Conviction | Market Mover | $5,581,295 (0.1%) | 78,411 | -68.9% |
| RAYMOND JAMES FINANCIAL INC | Moderate Conviction | Market Mover | $5,483,066 (0.1%) | 77,031 | 88.6% |
| NOMURA HOLDINGS INC | Moderate Conviction | Significant Flow | $5,415,089 (0.1%) | 76,076 | NEW |
| RHUMBLINE ADVISERS | High Conviction | Market Mover | $5,402,265 (0.1%) | 75,896 | 22.2% |
| LPL FINANCIAL LLC | High Conviction | Market Mover | $5,383,682 (0.1%) | 75,635 | 54.5% |
| WALLEYE TRADING ADVISORS, LLC | Moderate Conviction | Significant Flow | $5,279,492 (0.1%) | 74,171 | -14.9% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | High Conviction | Significant Flow | $4,975,482 (0.1%) | 69,900 | 34.2% |
| MAVERICK CAPITAL LTD | High Conviction | Moderate Flow | $4,972,920 (0.1%) | 69,864 | 50.2% |
| CITIGROUP INC | Moderate Conviction | Market Mover | $4,902,309 (0.1%) | 68,872 | 411.6% |
| BRIDGEWATER ASSOCIATES, LP | High Conviction | Significant Flow | $4,703,147 (0.1%) | 66,074 | 941.0% |
| NIA IMPACT ADVISORS, LLC | High Conviction | Minimal Flow | $4,692,201 (0.1%) | 65,920 | 31.4% |
| EUDAIMONIA ASSET MANAGEMENT LLC | Moderate Conviction | Low Flow | $4,561,214 (0.1%) | 64,080 | 8.8% |
| HIDDEN LAKE ASSET MANAGEMENT LP | High Conviction | Low Flow | $4,486,618 (0.1%) | 63,032 | 153.2% |
| IMC-CHICAGO, LLC | Moderate Conviction | Significant Flow | $4,472,738 (0.1%) | 62,837 | 141.7% |
| ALLIANCEBERNSTEIN L.P. | High Conviction | Market Mover | $4,391,379 (0.1%) | 61,694 | 47.0% |
| LEGAL & GENERAL GROUP PLC | High Conviction | Market Mover | $4,337,851 (0.1%) | 60,942 | 34.4% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | High Conviction | Market Mover | $4,233,502 (0.1%) | 59,476 | 43.9% |
| AMTRUST FINANCIAL SERVICES, INC. | Elite Conviction | Minimal Flow | $4,031,920 (0.1%) | 56,644 | 33.0% |
| TWINBEECH CAPITAL LP | Moderate Conviction | Moderate Flow | $3,983,375 (0.1%) | 55,962 | NEW |
| VERITION FUND MANAGEMENT LLC | High Conviction | Significant Flow | $3,911,982 (0.1%) | 54,959 | -12.1% |
| PEAK6 LLC | Moderate Conviction | Significant Flow | $3,891,980 (0.1%) | 54,678 | -81.1% |
| UNITED CAPITAL MANAGEMENT OF KS, INC. | High Conviction | Low Flow | $3,438,990 (0.1%) | 48,314 | 166.4% |
| TOROSO INVESTMENTS, LLC | High Conviction | Significant Flow | $3,151,068 (0.1%) | 44,269 | -5.2% |
| SIMPLEX TRADING, LLC | Moderate Conviction | Market Mover | $3,054,049 (0.1%) | 42,906 | 116,958.2% |
| CANTOR FITZGERALD, L. P. | Moderate Conviction | Moderate Flow | $3,022,801 (0.1%) | 42,467 | 383.7% |
| MARSHALL WACE, LLP | Moderate Conviction | Market Mover | $2,892,685 (0.1%) | 40,639 | NEW |
| PURSUE WEALTH PARTNERS LLC | High Conviction | Minimal Flow | $2,814,000 (0.1%) | 39,527 | NEW |
| LEO WEALTH, LLC | High Conviction | Low Flow | $2,699,097 (0.1%) | 34,532 | NEW |
| CLEAR STREET GROUP INC. | High Conviction | Significant Flow | $2,447,951 (0.1%) | 34,391 | NEW |
| METLIFE INVESTMENT MANAGEMENT, LLC | High Conviction | Significant Flow | $2,374,850 (0.1%) | 33,364 | 37.1% |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | High Conviction | Market Mover | $2,308,439 (0.1%) | 32,431 | 34.0% |
| STATE OF NEW JERSEY COMMON PENSION FUND D | High Conviction | Significant Flow | $2,226,297 (0.1%) | 31,277 | 9.7% |
| Illumine Investment Management, LLC | High Conviction | Minimal Flow | $2,191,205 (0.1%) | 30,784 | 29.9% |
| INTECH INVESTMENT MANAGEMENT LLC | High Conviction | Significant Flow | $2,120,808 (0.1%) | 29,795 | 33.0% |
| Marex Group plc | High Conviction | Significant Flow | $2,105,149 (0.1%) | 29,575 | NEW |
| JANUS HENDERSON GROUP PLC | High Conviction | Market Mover | $2,071,155 (0.1%) | 29,077 | 51.3% |
| CREATIVE PLANNING | High Conviction | Significant Flow | $1,907,264 (0.0%) | 26,795 | 73.1% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 348 | $3.84B | 52,672,250 | $72.89 |
| Q3 25 | 301 | $2.94B | 57,141,380 | $51.50 |
| Q2 25 | 279 | $2.22B | 52,383,775 | $42.43 |
| Q1 25 | 253 | $1.59B | 51,569,674 | $30.86 |
| Q4 24 | 278 | $1.92B | 53,099,685 | $36.18 |
| Q3 24 | 221 | $0.76B | 47,340,926 | $16.14 |
| Q2 24 | 216 | $1.00B | 60,932,113 | $16.35 |
| Q1 24 | 209 | $0.77B | 47,898,438 | $16.17 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.