CS Disco
LAW
87 hedge funds and large institutions have $674M invested in CS Disco in 2022 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 38 increasing their positions, 22 reducing their positions, and 23 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 22
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.42% less ownership
Funds ownership: 65.74% → 64.32% (-1.4%)
8% less funds holding
Funds holding: 95 → 87 (-8)
11% less call options, than puts
Call options by funds: $936K | Put options by funds: $1.05M
26% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 23
48% less capital invested
Capital invested by funds: $1.29B → $674M (-$620M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.6M |
| 2 |
BlackRock
New York
|
+$7.88M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$7.65M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$6.41M |
| 5 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$4.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$23.1M |
| 2 |
DMC
Deer Management Company
Larchmont,
New York
|
-$16.8M |
| 3 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
-$11.7M |
| 4 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$7.79M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$5.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GCM
101
Gladius Capital Management
Chicago,
Illinois
| – | -$201K | -5,911 | Closed |
|
|
DCM
102
Dupont Capital Management
Wilmington,
Delaware
| – | -$162K | -4,772 | Closed |
|
|
PHK
103
Point72 Hong Kong
Hong Kong
| – | -$39K | -1,145 | Closed |
|
104
Fidelity Investments
Boston,
Massachusetts
| – | -$6.19K | -240 | -99% |
|
|
C
105
Covestor
London,
United Kingdom
| – | -$52 | -2 | -20% |
|
|
QCG
106
Quadrant Capital Group
Cincinnati,
Ohio
| – | +$284 | +11 | New |
|
107
Osaic Holdings
Scottsdale,
Arizona
| – | +$387 | +15 | New |
|
LAW Hedge Fund Activity: Q2 2022 in Review
87 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in CS Disco (LAW) for Q2 2022, worth a combined $674M — down 48% from $1.29B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of LAW and 17 opened new positions — a net loss of 6 holders — while 22 trimmed existing stakes and 38 added.
The largest buyer was Vanguard Group, adding an estimated $13.6M. The largest seller was Capital World Investors, exiting entirely with an estimated $23.1M sold.
- 87 institutional investors held CS Disco (LAW) as of Q2 2022, down from 95 in Q1 2022.
- Funds reported $674M of CS Disco stock for Q2 2022, down 48% quarter-over-quarter.
- 17 funds opened new CS Disco positions in Q2 2022 and 23 closed out, a net change of -6 holders.
- The largest CS Disco buyer in Q2 2022 was Vanguard Group, an estimated $13.6M added.
- The largest CS Disco seller in Q2 2022 was Capital World Investors, an estimated $23.1M sold.
Based on aggregated 13F filings for Q2 2022.