CS Disco
LAW
109 hedge funds and large institutions have $230M invested in CS Disco in 2023 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 23 increasing their positions, 34 reducing their positions, and 10 closing their positions.
120% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 10
37% more call options, than puts
Call options by funds: $1.19M | Put options by funds: $865K
11% more funds holding
Funds holding: 98 → 109 (+11)
0.28% more ownership
Funds ownership: 57.23% → 57.5% (+0.28%)
18% less capital invested
Capital invested by funds: $281M → $230M (-$51M)
32% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 34
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Metavasi Capital
Larchmont,
New York
|
+$2.7M |
| 2 |
LCM
Lakewood Capital Management
New York
|
+$2.37M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.47M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.38M |
| 5 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.77M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$1.64M |
| 3 |
Renaissance Technologies
New York
|
-$1.12M |
| 4 |
Squarepoint
New York
|
-$981K |
| 5 |
CIA
Capital Impact Advisors
Boston,
Massachusetts
|
-$595K |
LAW Hedge Fund Activity: Q3 2023 in Review
109 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in CS Disco (LAW) for Q3 2023, worth a combined $230M — down 18% from $281M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new LAW positions and 10 closed out — a net gain of 12 holders — while 23 added to existing stakes and 34 trimmed.
The largest buyer was Metavasi Capital, opening a new position worth an estimated $2.7M. The largest seller was Millennium Management, cutting an estimated $2.77M.
- 109 institutional investors held CS Disco (LAW) as of Q3 2023, up from 98 in Q2 2023.
- Funds reported $230M of CS Disco stock for Q3 2023, down 18% quarter-over-quarter.
- 22 funds opened new CS Disco positions in Q3 2023 and 10 closed out, a net change of +12 holders.
- The largest CS Disco buyer in Q3 2023 was Metavasi Capital, an estimated $2.7M added.
- The largest CS Disco seller in Q3 2023 was Millennium Management, an estimated $2.77M sold.
Based on aggregated 13F filings for Q3 2023.