Lemonade, Inc.
MX ˙ BMV ˙ US52567D1072
SecurityMX:LMND / Lemonade, Inc.
InstitutionArizona State Retirement System
Latest Disclosed Ownership17,269 shares
Latest Disclosed Value $ 1,082,421
Arizona State Retirement System reports 0.83% decrease in ownership of LMND / Lemonade, Inc.

On May 1, 2026 - Arizona State Retirement System filed a 13F-HR form disclosing ownership of 17,269 shares of Lemonade, Inc. (MX:LMND) valued at $1,082,421 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 28, 2026 disclosing 17,414 shares of Lemonade, Inc.. This represents a change in shares of -0.83% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F LEMONADE COM 52567D107 17,269 -145 -0.83 1,082 -12.67 0.0063
2026-01-28 2025-12-31 13F LEMONADE COM 52567D107 17,414 70 0.40 1,240 33.51 0.0067
2025-11-03 2025-09-30 13F LEMONADE COM 52567D107 17,344 1,405 8.81 928 32.95 0.0049
2025-08-13 2025-06-30 13F LEMONADE COM 52567D107 15,939 577 3.76 698 44.81 0.0040
2025-05-01 2025-03-31 13F LEMONADE COM 52567D107 15,362 -98 -0.63 483 -14.99 0.0031
2025-02-06 2024-12-31 13F LEMONADE COM 52567D107 15,460 234 1.54 567 125.90 0.0035
2024-11-12 2024-09-30 13F LEMONADE COM 52567D107 15,226 482 3.27 251 3.29 0.0016
2024-08-05 2024-06-30 13F LEMONADE COM 52567D107 14,744 332 2.30 243 2.97 0.0016
2024-05-07 2024-03-31 13F LEMONADE COM 52567D107 14,412 -199 -1.36 237 0.43 0.0016
2024-01-24 2023-12-31 13F LEMONADE COM 52567D107 14,611 -228 -1.54 236 36.63 0.0018
2023-11-07 2023-09-30 13F LEMONADE COM 52567D107 14,839 240 1.64 172 -29.80 0.0015
2023-08-01 2023-06-30 13F LEMONADE COM 52567D107 14,599 1,573 12.08 246 32.43 0.0020
2023-04-27 2023-03-31 13F LEMONADE COM 52567D107 13,026 381 3.01 186 7.56 0.0017
2023-02-08 2022-12-31 13F LEMONADE COM 52567D107 12,645 540 4.46 173 -32.81 0.0017
2022-11-07 2022-09-30 13F LEMONADE COM 52567D107 12,105 1,243 11.44 256 29.29 0.0026
2022-07-28 2022-06-30 13F LEMONADE COM 52567D107 10,862 867 8.67 198 -25.00 0.0019
2022-05-04 2022-03-31 13F LEMONADE COM 52567D107 9,995 54 0.54 264 -36.99 0.0021
2022-02-04 2021-12-31 13F LEMONADE COM 52567D107 9,941 -95 -0.95 419 -37.74 0.0032
2021-11-12 2021-09-30 13F LEMONADE COM 52567D107 10,036 41 0.41 673 -38.48 0.0055
2021-08-02 2021-06-30 13F LEMONADE COM 52567D107 9,995 -497 -4.74 1,094 11.98 0.0089
2021-05-06 2021-03-31 13F LEMONADE COM 52567D107 10,492 6,390 155.78 977 94.62 0.0085
2021-01-28 2020-12-31 13F LEMONADE COM 52567D107 4,102 4,102 502 0.0046
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.