CS Disco
LAW
116 hedge funds and large institutions have $222M invested in CS Disco in 2025 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 36 increasing their positions, 33 reducing their positions, and 10 closing their positions.
120% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 10
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
48% more capital invested
Capital invested by funds: $150M → $222M (+$72.2M)
12% more funds holding
Funds holding: 104 → 116 (+12)
9% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 33
0.82% less ownership
Funds ownership: 56.3% → 55.49% (-0.82%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
+$2.21M |
| 2 |
TCM
Topline Capital Management
Santa Monica,
California
|
+$1.2M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$980K |
| 4 |
First Eagle Investment Management
New York
|
+$817K |
| 5 |
LCM
Legato Capital Management
San Francisco,
California
|
+$644K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$2.18M |
| 2 |
BlackRock
New York
|
-$890K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$655K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$481K |
| 5 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
-$348K |
LAW Hedge Fund Activity: Q3 2025 in Review
116 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in CS Disco (LAW) for Q3 2025, worth a combined $222M — up 48% from $150M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new LAW positions and 10 closed out — a net gain of 12 holders — while 36 added to existing stakes and 33 trimmed.
The largest buyer was Essex Investment Management, opening a new position worth an estimated $2.21M. The largest seller was Franklin Resources, exiting entirely with an estimated $2.18M sold.
- 116 institutional investors held CS Disco (LAW) as of Q3 2025, up from 104 in Q2 2025.
- Funds reported $222M of CS Disco stock for Q3 2025, up 48% quarter-over-quarter.
- 22 funds opened new CS Disco positions in Q3 2025 and 10 closed out, a net change of +12 holders.
- The largest CS Disco buyer in Q3 2025 was Essex Investment Management, an estimated $2.21M added.
- The largest CS Disco seller in Q3 2025 was Franklin Resources, an estimated $2.18M sold.
Based on aggregated 13F filings for Q3 2025.