Maple Tree Capital’s Q3 2025 investor letter shows mixed results. While the market rebounded, a decline in Upstart impacted Jonagold portfolio with a 13.12% loss. Heartwood portfolio gained 40.2%, surpassing S&P 500 returns. Lemonade, Inc. (NYSE:LMND) gained 94.44% in value over 52 weeks, closing at $71.32 per share in December 2025.

Maple Tree Capital remains bullish on Lemonade, Inc. (NYSE:LMND) in the Jonagold portfolio, expecting operating leverage with Agentic AI. The company’s stock is not among the 30 Most Popular Stocks Among Hedge Funds, with 32 hedge funds holding it in Q3 2025. Lemonade, Inc.’s (NYSE:LMND) Q3 2025 revenue grew 42% year-over-year to $195 million.

For more insights on Lemonade, Inc. (NYSE:LMND) and other hedge fund investor letters from Q3 2025, check out additional articles. Lemonade, Inc. (NYSE:LMND) is a high-conviction name in Maple Tree Capital’s portfolio, with potential for growth. Consider exploring other AI stocks with greater upside potential and less downside risk.

Read more at Yahoo Finance: Should You Consider Adding Lemonade (LMND) to Your Portfolio?