CS Disco
LAW
87 hedge funds and large institutions have $361M invested in CS Disco in 2022 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 39 increasing their positions, 17 reducing their positions, and 17 closing their positions.
944% more call options, than puts
Call options by funds: $3.17M | Put options by funds: $304K
129% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 17
0% more funds holding
Funds holding: 87 → 87 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 17
2.81% less ownership
Funds ownership: 64.32% → 61.52% (-2.8%)
46% less capital invested
Capital invested by funds: $674M → $361M (-$313M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$26.8M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$15.9M |
| 3 |
Bank of New York Mellon
New York
|
+$6.43M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.97M |
| 5 |
SLG
Stanley-Laman Group
Berwyn,
Pennsylvania
|
+$3.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$55.8M |
| 2 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$12.2M |
| 3 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$8.68M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$7.79M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$5.53M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | +$218 | +12 | New |
|
LAW Hedge Fund Activity: Q3 2022 in Review
87 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in CS Disco (LAW) for Q3 2022, worth a combined $361M — down 46% from $674M a quarter earlier.
Fund positioning in LAW was balanced in Q3 2022: 17 funds opened new positions, 17 closed out, 39 added to existing stakes and 17 trimmed.
The largest buyer was Wasatch Advisors, adding an estimated $26.8M. The largest seller was Dragoneer Investment Group, cutting an estimated $55.8M.
- 87 institutional investors held CS Disco (LAW) as of Q3 2022, unchanged from Q2 2022.
- Funds reported $361M of CS Disco stock for Q3 2022, down 46% quarter-over-quarter.
- 17 funds opened new CS Disco positions in Q3 2022 and 17 closed out, a net change of 0 holders.
- The largest CS Disco buyer in Q3 2022 was Wasatch Advisors, an estimated $26.8M added.
- The largest CS Disco seller in Q3 2022 was Dragoneer Investment Group, an estimated $55.8M sold.
Based on aggregated 13F filings for Q3 2022.