What smart money is saying about Open Lending
LPRO
No fund has written a full thesis on Open Lending in our archive, but 1 fund letter reports a position in it, most recently Harding Loevner Global Small Companies Equity in December 2025.
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1
Reported positions
0
Bought
1
Sold
1
Letter
Position history
Every position in Open Lending on record in the archive was reported in Q4 2025, across 1 fund letter, with 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2025 | 1 | 0 | 1 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position · 1 move
- December 2025
“We also exited several US holdings as their businesses began to show signs of stress. One was Live Oak Bank, which appeared particularly vulnerable to the negative effects of the Trump administration’s tariffs: Its small-business customers are less able to absorb tariff pressures, increasing the risk of higher loan-loss provisions. At Open Lending, which provides risk-assessment services to auto lenders and insurers, a reversal in used-car prices exposed accounting concerns and management missteps.”
Open Lending
Read the letters behind these Open Lending positions
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