Lemonade, Inc.: which funds bought and sold
Institutions that bought and sold Lemonade shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 178 institutions that filed 13F reports for both quarters added to or opened positions in Lemonade, and 141 cut or closed them. Together they added a net 1.7M shares, +3.8% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 730K shares (−7.5%); index fund managers were net buyers of 1.7M shares (+10.8%). 48 opened a new position and 58 sold out entirely.
Bought, Q2 2026 178 institutions, 48 of them new holders Sold, Q2 2026 141 institutions, 58 of them sold out
Net change, all compared +1.7M shares (+3.8%)
Net change, active managers −730K shares (−7.5%), 22 bought, 25 sold
Buyers versus sellers
178 bought 67 141 sold
Active managers and hedge funds 22 bought · 25 sold · −730K
Index fund managers 11 bought · 0 sold · +1.7M
Other institutions 145 bought · 116 sold · +679K
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Goldman Sachs Group Inc | +1.2M +166.7% | 1.9M | $126M |
| Blackrock, Inc. Index funds | +1.1M +21.7% | 6.0M | $393M |
| Halter Ferguson Financial Inc. | +459K +84.1% | 1.0M | $65.4M |
| T. Rowe Price Investment Management, Inc. Active manager | +449K New position | 449K | $29.2M |
| Susquehanna International Group, LLP | +354K +101.9% | 701K | $45.6M |
| BNP Paribas Financial Markets | +300K +1079.7% | 328K | $21.3M |
| Two Sigma Investments, LP Hedge fund | +225K +23.8% | 1.2M | $76.4M |
| Capital Fund Management S.A. Hedge fund | +217K +69.6% | 528K | $34.3M |
| State Street Corp Index funds | +215K +13.8% | 1.8M | $115M |
| Woodline Partners LP Hedge fund | +192K +107.0% | 372K | $24.2M |
| Vanguard Portfolio Management LLC Index funds | +159K +5.3% | 3.1M | $204M |
| Trexquant Investment LP Hedge fund | +149K +55.0% | 420K | $27.3M |
| Qube Research & Technologies Ltd Hedge fund | +146K +52.6% | 424K | $27.6M |
| Man Group PLC Hedge fund | +136K New position | 136K | $8.9M |
| Jpmorgan Chase & Co | +130K +2.5% | 5.4M | $336M |
| HRT Financial LP | +128K New position | 128K | $8.3M |
| Citigroup Inc | +103K +38.1% | 373K | $24.2M |
| Northern Trust Corp Index funds | +93K +15.3% | 702K | $45.7M |
| Wells Fargo & Company | +91K +50.1% | 273K | $17.8M |
| UBS Group AG | +77K +22.2% | 424K | $27.6M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| T. Rowe Price Investment Management, Inc. Active manager | +449K New position | 449K | $29.2M |
| Two Sigma Investments, LP Hedge fund | +225K +23.8% | 1.2M | $76.4M |
| Capital Fund Management S.A. Hedge fund | +217K +69.6% | 528K | $34.3M |
| Woodline Partners LP Hedge fund | +192K +107.0% | 372K | $24.2M |
| Trexquant Investment LP Hedge fund | +149K +55.0% | 420K | $27.3M |
| Qube Research & Technologies Ltd Hedge fund | +146K +52.6% | 424K | $27.6M |
| Man Group PLC Hedge fund | +136K New position | 136K | $8.9M |
| Balyasny Asset Management L.P. Hedge fund | +67K +712.5% | 76K | $4.9M |
| Tudor Investment Corp Et Al Hedge fund | +51K +45.8% | 164K | $10.7M |
| Millennium Management LLC Hedge fund | +31K +442.0% | 38K | $2.5M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Squarepoint Ops LLC Hedge fund | −666K −74.8% | 224K | $14.6M |
| Jane Street Group, LLC | −652K −53.6% | 566K | $36.8M |
| Bit Capital Gmbh | −584K Sold out | 0 | — |
| Holocene Advisors, LP Hedge fund | −554K Sold out | 0 | — |
| Citadel Advisors LLC Hedge fund | −309K −39.5% | 473K | $30.8M |
| Walleye Capital LLC Hedge fund | −277K −97.7% | 6,447 | $419,377 |
| Tb Alternative Assets Ltd. | −236K Sold out | 0 | — |
| Defiance Etfs, LLC | −186K Sold out | 0 | — |
| Bank Of America Corp | −183K −50.7% | 178K | $11.6M |
| Neuberger Berman Group LLC Active manager | −163K −97.4% | 4,423 | $287,716 |
| Landscape Capital Management, L.L.C. | −159K −75.0% | 53K | $3.4M |
| D. E. Shaw & Co., Inc. Hedge fund | −129K −38.2% | 209K | $13.6M |
| Marshall Wace, LLP Hedge fund | −129K −63.1% | 75K | $4.9M |
| Nuveen, LLC | −87K −19.1% | 369K | $24M |
| Barclays PLC | −74K −38.8% | 118K | $7.6M |
| Frontier Capital Management Co LLC Active manager | −63K −9.3% | 610K | $39.7M |
| Connor, Clark & Lunn Investment Management Ltd. | −62K Sold out | 0 | — |
| Aquatic Capital Management LLC | −58K Sold out | 0 | — |
| Peak6 LLC | −56K −86.1% | 9,046 | $588,442 |
| Natixis | −54K Sold out | 0 | — |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Squarepoint Ops LLC Hedge fund | −666K −74.8% | 224K | $14.6M |
| Holocene Advisors, LP Hedge fund | −554K Sold out | 0 | — |
| Citadel Advisors LLC Hedge fund | −309K −39.5% | 473K | $30.8M |
| Walleye Capital LLC Hedge fund | −277K −97.7% | 6,447 | $419,377 |
| Neuberger Berman Group LLC Active manager | −163K −97.4% | 4,423 | $287,716 |
| D. E. Shaw & Co., Inc. Hedge fund | −129K −38.2% | 209K | $13.6M |
| Marshall Wace, LLP Hedge fund | −129K −63.1% | 75K | $4.9M |
| Frontier Capital Management Co LLC Active manager | −63K −9.3% | 610K | $39.7M |
| Exoduspoint Capital Management, LP Hedge fund | −49K Sold out | 0 | — |
| Bridgewater Associates, LP Hedge fund | −43K Sold out | 0 | — |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| T. Rowe Price Investment Management, Inc.Active manager | 449K | $29.2M |
| Man Group PLCHedge fund | 136K | $8.9M |
| HRT Financial LP | 128K | $8.3M |
| Niles Investment Management, LLC | 68K | $4.4M |
| Baird Financial Group, Inc. | 54K | $3.5M |
| Zacks Investment Management | 47K | $3.1M |
| LMR Partners LLPHedge fund | 30K | $2M |
| Entropy Technologies, LP | 23K | $1.5M |
| Odyssean, LLC | 21K | $1.4M |
| Engineers Gate Manager LPHedge fund | 19K | $1.2M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Bit Capital Gmbh | 584K | $36.6M |
| Holocene Advisors, LPHedge fund | 554K | $34.7M |
| Tb Alternative Assets Ltd. | 236K | $14.8M |
| Defiance Etfs, LLC | 186K | $11.6M |
| Connor, Clark & Lunn Investment Management Ltd. | 62K | $3.9M |
| Aquatic Capital Management LLC | 58K | $3.7M |
| Natixis | 54K | $3.4M |
| Exoduspoint Capital Management, LPHedge fund | 49K | $3.1M |
| Bridgewater Associates, LPHedge fund | 43K | $2.7M |
| Y-Intercept (Hong Kong) Ltd | 38K | $2.4M |
Who holds the shares
- Institutions reporting
- 335
- Ten largest holders
- 62.6% of 13F-reported shares
- Index fund managers
- 39.0% of 13F-reported shares
- Active managers and hedge funds
- 19.9% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 22 | 25 | 5 | 9 | −730K | −7.5% |
| Index fund managers | 11 | 0 | 0 | 0 | +1.7M | +10.8% |
| Other institutions | 145 | 116 | 43 | 49 | +679K | +3.8% |