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CS Disco
LAW

104 hedge funds and large institutions have $150M invested in CS Disco in 2025 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 37 increasing their positions, 28 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 12

32% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 28

8% more funds holding

Funds holding: 96 → 104 (+8)

7% more capital invested

Capital invested by funds: $140M → $150M (+$9.93M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.26% less ownership

Funds ownership: 56.56% → 56.3% (-0.26%)

Holders
104
Holders Change
+8
Holders Change %
+8.33%
% of All Funds
1.37%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
21
Increased
37
Reduced
28
Closed
12
Calls
$182K
Puts
–
Net Calls
+$182K
Net Calls Change
+$100K

Top Buyers

Rank Fund Capital Flow
1
TCM
Topline Capital Management
California
+$4.63M
2
Millennium Management
Millennium Management
New York
+$894K
3
MGIA
Moneta Group Investment Advisors
Missouri
+$886K
4
Citadel Advisors
Citadel Advisors
Florida
+$627K
5
ACH
ArrowMark Colorado Holdings
Colorado
+$505K

Top Sellers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
-$4.39M
2
Franklin Resources
Franklin Resources
California
-$3.81M
3
WCA
Whetstone Capital Advisors
Kansas
-$417K
4
Bank of America
Bank of America
North Carolina
-$316K
5
Geode Capital Management
Geode Capital Management
Massachusetts
-$247K
Name Holding Trade Value Shares
Change 		Change in
Stake
EWA
101
EverSource Wealth Advisors
Alabama
$101 +$90 +23 New
IA
102
IFP Advisors
Florida
$74 – – –
HNB
103
Huntington National Bank
Ohio
$12 – – –
CIBC Private Wealth Group
104
CIBC Private Wealth Group
Georgia
$4 – – –
QCM
105
Quantinno Capital Management
New York
– -$96.8K -23,658 Closed
Cetera Investment Advisers
106
Cetera Investment Advisers
Illinois
– -$91.8K -22,451 Closed
MIM
107
MetLife Investment Management
New Jersey
– -$63.7K -15,565 Closed
CF
108
Corebridge Financial
Texas
– -$58.3K -14,243 Closed
Manulife (Manufacturers Life Insurance)
109
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$51.9K -12,686 Closed
BHCM
110
Brevan Howard Capital Management
Jersey
– -$43.4K -10,608 Closed
MAM
111
Meeder Asset Management
Ohio
– -$31.5K -7,709 Closed
Amundi
112
Amundi
France
– -$23.6K -6,134 Closed
California State Teachers Retirement System (CalSTRS)
113
California State Teachers Retirement System (CalSTRS)
California
– -$8.71K -2,130 Closed
Group One Trading
114
Group One Trading
Illinois
– -$2.67K -682 Closed
MPWT
115
MassMutual Private Wealth & Trust
Connecticut
– -$1.22K -297 Closed
GI
116
GAMMA Investing
California
– -$524 -128 Closed
C
117
Covestor
United Kingdom
– -$20 -5 -25%
1 2 3 4
5

LAW Hedge Fund Activity: Q2 2025 in Review

104 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in CS Disco (LAW) for Q2 2025, worth a combined $150M — up 7.1% from $140M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new LAW positions and 12 closed out — a net gain of 9 holders — while 37 added to existing stakes and 28 trimmed.

The largest buyer was Topline Capital Management, adding an estimated $4.63M. The largest seller was Norges Bank, cutting an estimated $4.39M.

  • 104 institutional investors held CS Disco (LAW) as of Q2 2025, up from 96 in Q1 2025.
  • Funds reported $150M of CS Disco stock for Q2 2025, up 7.1% quarter-over-quarter.
  • 21 funds opened new CS Disco positions in Q2 2025 and 12 closed out, a net change of +9 holders.
  • The largest CS Disco buyer in Q2 2025 was Topline Capital Management, an estimated $4.63M added.
  • The largest CS Disco seller in Q2 2025 was Norges Bank, an estimated $4.39M sold.

Based on aggregated 13F filings for Q2 2025.