CS Disco
LAW
79 hedge funds and large institutions have $1.33B invested in CS Disco in 2021 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 23 increasing their positions, 23 reducing their positions, and 31 closing their positions.
3,585% more call options, than puts
Call options by funds: $11.4M | Put options by funds: $308K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
20.26% more ownership
Funds ownership: 44.61% → 64.87% (+20%)
14% more capital invested
Capital invested by funds: $1.17B → $1.33B (+$161M)
0% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 23
10% less funds holding
Funds holding: 88 → 79 (-9)
23% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
+$112M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$44.3M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$28.9M |
| 4 |
UI
Untitled Investments
New York
|
+$19.3M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$17.1M |
| 2 |
IM
Islet Management
New York
|
-$12M |
| 3 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
-$9.35M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$8.84M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$6.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Jane Street
New York
| – | -$580K | -13,072 | Closed |
|
|
BFM
102
Boothbay Fund Management
New York
| – | -$588K | -12,260 | Closed |
|
|
CSS
103
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$449K | -9,374 | Closed |
|
104
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$308K | -6,433 | Closed |
|
105
SG Americas Securities
New York
| – | -$301K | -6,276 | Closed |
|
106
HighTower Advisors
Chicago,
Illinois
| – | -$237K | -4,950 | Closed |
|
107
Invesco
Atlanta,
Georgia
| – | -$203K | -4,231 | Closed |
|
|
PHK
108
Point72 Hong Kong
Hong Kong
| – | -$67K | -1,408 | Closed |
|
|
S
109
SignatureFD
Atlanta,
Georgia
| – | -$1K | -20 | Closed |
|
LAW Hedge Fund Activity: Q4 2021 in Review
79 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in CS Disco (LAW) for Q4 2021, worth a combined $1.33B — up 14% from $1.17B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of LAW and 24 opened new positions — a net loss of 7 holders — while 23 trimmed existing stakes and 23 added.
The largest buyer was Dragoneer Investment Group, adding an estimated $112M. The largest seller was Whale Rock Capital Management, exiting entirely with an estimated $17.1M sold.
- 79 institutional investors held CS Disco (LAW) as of Q4 2021, down from 88 in Q3 2021.
- Funds reported $1.33B of CS Disco stock for Q4 2021, up 14% quarter-over-quarter.
- 24 funds opened new CS Disco positions in Q4 2021 and 31 closed out, a net change of -7 holders.
- The largest CS Disco buyer in Q4 2021 was Dragoneer Investment Group, an estimated $112M added.
- The largest CS Disco seller in Q4 2021 was Whale Rock Capital Management, an estimated $17.1M sold.
Based on aggregated 13F filings for Q4 2021.