The quant-heavy buying vs traditional-manager selling creates a tug-of-war signal. Monitor upcoming LMND earnings for a catalyst that could resolve this divergence — if the quant thesis (likely momentum or mean-reversion) proves correct, further buying may follow. Conversely, continued selling by discretionary managers could pressure the stock. The 13F data is 45+ days stale; check for recent insider selling ($467K in 30d) as a potential caution flag.
Executive Summary
A mixed institutional cluster in LMND for Q3 2024 shows 9 buyers accumulating $23.2M net (led by Citadel, D.E. Shaw, and Trexquant) while 8 sellers reduced holdings by $21.4M (led by Legal & General, Marshall Wace, and First Trust). The buying is dominated by quantitative funds (Citadel, D.E. Shaw, Point72) doubling or adding positions, while the selling is concentrated among traditional asset managers trimming or nearly exiting. This suggests a divergence between quant-driven conviction and discretionary manager caution.
Key Financial Metrics
Institutional Positions
Net institutional flow: $1.8M
▲ Buyers (9)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Citadel | ADD | +99.9% | $16.7M | $8.3M |
| D.E. Shaw | ADD | +54.5% | $25.2M | $8.9M |
| Trexquant Investment | DOUBLED | +114.9% | $6.7M | $3.6M |
| Point72 | DOUBLED | +260.1% | $453.0K | $327.0K |
| Group One Trading | ADD | +58.2% | $4.4M | $1.6M |
▼ Sellers (8)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Legal & General Group | NEAR_EXIT | -90.4% | $10.9M | -$9.8M |
| Marshall Wace | TRIM | -51.4% | $14.2M | -$7.3M |
| First Trust Advisors | NEAR_EXIT | -75.3% | $3.8M | -$2.9M |
| Ameriprise Financial | NEAR_EXIT | -85.5% | $1.4M | -$1.2M |
Key Facts
- 9 institutional buyers added $23.2M in new positions, 8 sellers reduced by $21.4M
- Citadel added 505.5K shares (+99.9%), now holding 1.01M shares worth $16.7M
- D.E. Shaw added 539.1K shares (+54.5%), now holding 1.53M shares worth $25.2M
- Marshall Wace trimmed 441.7K shares (-51.4%), exiting $7.3M in value
- Legal & General nearly exited 594.5K shares (-90.4%), reducing $9.8M in value
- First Trust Advisors nearly exited 174.9K shares (-75.3%), reducing $2.9M in value
- Quant funds (Citadel, D.E. Shaw, Point72, Trexquant) dominate the buying side
- Traditional asset managers (Legal & General, Marshall Wace, First Trust) dominate the selling side
Financial Impact
Net institutional buying of $1.8M ($23.2M bought vs $21.4M sold) across 17 tracked funds
Risk Factors
- 13F data is 45+ days stale — positions may have been unwound since quarter-end
- Insider selling of $467K in the past 30 days suggests management caution
- Quant funds may be trading on short-term signals that have already expired
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-LMND-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | Press Release | $43.15 | awaiting T+20 | — | — |
Oct 15, 2026 11d ago | 8-K/A | $44.20 | awaiting T+20 | — | — |
Sep 8, 2026 6w ago | Insider Cluster | $49.22 $46.83 | ▼ −4.86% | ▼ −6.80% | — |
Sep 3, 2026 7w ago | 144 | $55.08 $45.14 | ▼ −18.05% | ▼ −16.93% | — |
Aug 7, 2026 11w ago | Press Release | $52.68 $50.55 | ▼ −4.04% | ▼ −3.13% | — |
Jul 16, 2026 14w ago | Press Release | $67.18 $52.64 | ▼ −21.64% | ▼ −26.09% | — |
Jul 9, 2026 15w ago | Insider Cluster | $70.33 $51.86 | ▲ +26.26% | ▲ +28.50% | — |
Jun 12, 2026 19w ago | Institutional Cluster | $57.49 $70.51 | ▲ +22.65% | ▲ +20.87% | — |
Jun 9, 2026 19w ago | Press Release | $53.58 $77.59 | ▲ +44.81% | ▲ +43.37% | — |
Jun 5, 2026 20w ago | Insider Cluster | $52.97 $78.70 | ▲ +48.57% | ▲ +46.94% | — |
US Market Status
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