CS Disco
LAW
96 hedge funds and large institutions have $140M invested in CS Disco in 2025 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 40 reducing their positions, and 14 closing their positions.
631% more call options, than puts
Call options by funds: $95K | Put options by funds: $13K
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.57% less ownership
Funds ownership: 57.13% → 56.56% (-0.57%)
7% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 14
2% less funds holding
Funds holding: 98 → 96 (-2)
18% less capital invested
Capital invested by funds: $171M → $140M (-$31.1M)
35% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
+$904K |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$788K |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$257K |
| 4 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
+$243K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$235K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Topline Capital Management
Santa Monica,
California
|
-$610K |
| 2 |
Franklin Resources
San Mateo,
California
|
-$502K |
| 3 |
M&T Bank
Buffalo,
New York
|
-$404K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$339K |
| 5 |
BlackRock
New York
|
-$289K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Two Sigma Advisers
New York
| – | -$86.3K | -17,300 | Closed |
|
102
SG Americas Securities
New York
| – | -$65K | -12,934 | Closed |
|
103
Two Sigma Investments
New York
| – | -$54.8K | -10,985 | Closed |
|
104
VOYA Investment Management
Atlanta,
Georgia
| – | -$54.7K | -10,959 | Closed |
|
|
VF
105
Virtu Financial
New York
| – | -$54K | -10,749 | Closed |
|
|
CA
106
CoreCap Advisors
Southfield,
Michigan
| – | -$908 | -182 | Closed |
|
107
Simplex Trading
Chicago,
Illinois
| – | -$423 | -87 | Closed |
|
|
EWA
108
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$140 | -28 | Closed |
|
|
WCM
109
WealthTrak Capital Management
Virginia Beach,
Virginia
| – | -$125 | -25 | Closed |
|
|
C
110
Covestor
London,
United Kingdom
| – | -$112 | -23 | -53% |
|
|
FFA
111
Farther Finance Advisors
San Francisco,
California
| – | -$40 | -8 | Closed |
|
LAW Hedge Fund Activity: Q1 2025 in Review
96 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in CS Disco (LAW) for Q1 2025, worth a combined $140M — down 18% from $171M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of LAW and 13 opened new positions — a net loss of 1 holder — while 40 trimmed existing stakes and 26 added.
The largest buyer was Whetstone Capital Advisors, opening a new position worth an estimated $904K. The largest seller was Topline Capital Management, cutting an estimated $610K.
- 96 institutional investors held CS Disco (LAW) as of Q1 2025, down from 98 in Q4 2024.
- Funds reported $140M of CS Disco stock for Q1 2025, down 18% quarter-over-quarter.
- 13 funds opened new CS Disco positions in Q1 2025 and 14 closed out, a net change of -1 holder.
- The largest CS Disco buyer in Q1 2025 was Whetstone Capital Advisors, an estimated $904K added.
- The largest CS Disco seller in Q1 2025 was Topline Capital Management, an estimated $610K sold.
Based on aggregated 13F filings for Q1 2025.