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CS Disco

126 hedge funds and large institutions have $282M invested in CS Disco in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 51 increasing their positions, 33 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 8

55% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 33

27% more capital invested

Capital invested by funds: $222M → $282M (+$60.1M)

9% more funds holding

Funds holding: 116126 (+10)

2.66% more ownership

Funds ownership: 55.49%58.15% (+2.7%)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
126
Holders Change
+10
Holders Change %
+8.62%
% of All Funds
1.53%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
21
Increased
51
Reduced
33
Closed
8
Calls
$42K
Puts
Net Calls
+$42K
Net Calls Change
-$29K
Name Holding Trade Value Shares
Change
Change in
Stake
PP
76
PDT Partners
New York
$91.7K -$155K -21,978 -65%
RS
77
R Squared
Hong Kong
$91.5K -$258K -36,535 -76%
Mirae Asset Global ETFs Holdings
78
Mirae Asset Global ETFs Holdings
Hong Kong
$87.3K +$353 +50 +0.4%
MFS
79
Mirabella Financial Services
United Kingdom
$85.6K +$77.8K +11,025 New
Canada Pension Plan Investment Board
80
Canada Pension Plan Investment Board
Ontario, Canada
$81.5K +$74K +10,500 New
Fidelity Investments
81
Fidelity Investments
Massachusetts
$70.1K +$15.5K +2,202 +32%
Ohio Public Employees Retirement System (OPERS)
82
Ohio Public Employees Retirement System (OPERS)
Ohio
$70.1K
Los Angeles Capital Management
83
Los Angeles Capital Management
California
$65.9K -$419K -59,411 -85%
BNP Paribas Financial Markets
84
BNP Paribas Financial Markets
France
$55.9K -$44K -6,244 -46%
PFSRSONJ
85
Police & Firemen's Retirement System of New Jersey
New Jersey
$45.9K
Royal Bank of Canada
86
Royal Bank of Canada
Ontario, Canada
$45K +$18.3K +2,588 +78%
Carson Wealth (CWM LLC)
87
Carson Wealth (CWM LLC)
Nebraska
$41K +$3.44K +488 +10%
Nisa Investment Advisors
88
Nisa Investment Advisors
Missouri
$36.1K +$303 +43 +0.9%
SS
89
SBI Securities
Japan
$21.4K -$606 -86 -3%
VCM
90
Versant Capital Management
Arizona
$18.6K
Legal & General Group
91
Legal & General Group
United Kingdom
$18.1K
Federated Hermes
92
Federated Hermes
Pennsylvania
$15.8K +$1.55K +220 +12%
AIP
93
Ameritas Investment Partners
Nebraska
$12.9K
TRCT
94
Tower Research Capital (TRC)
New York
$12.5K -$20.5K -2,906 -64%
California State Teachers Retirement System (CalSTRS)
95
California State Teachers Retirement System (CalSTRS)
California
$11.6K +$35 +5 +0.3%
FFO
96
Fortitude Family Office
Arizona
$10.6K
Group One Trading
97
Group One Trading
Illinois
$10.2K -$9.18K -1,301 -50%
New York State Common Retirement Fund
98
New York State Common Retirement Fund
New York
$10.1K
CFG
99
Chapman Financial Group
Hawaii
$7.76K
Rockefeller Capital Management
100
Rockefeller Capital Management
New York
$7.68K +$6.98K +990 New

LAW Hedge Fund Activity: Q4 2025 in Review

126 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in CS Disco (LAW) for Q4 2025, worth a combined $282M — up 27% from $222M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new LAW positions and 8 closed out — a net gain of 13 holders — while 51 added to existing stakes and 33 trimmed.

The largest buyer was Nuveen, adding an estimated $1.46M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $1.01M.

  • 126 institutional investors held CS Disco (LAW) as of Q4 2025, up from 116 in Q3 2025.
  • Funds reported $282M of CS Disco stock for Q4 2025, up 27% quarter-over-quarter.
  • 21 funds opened new CS Disco positions in Q4 2025 and 8 closed out, a net change of +13 holders.
  • The largest CS Disco buyer in Q4 2025 was Nuveen, an estimated $1.46M added.
  • The largest CS Disco seller in Q4 2025 was ArrowMark Colorado Holdings, an estimated $1.01M sold.

Based on aggregated 13F filings for Q4 2025.