CS Disco
LAW
109 hedge funds and large institutions have $222M invested in CS Disco in 2023 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 44 increasing their positions, 24 reducing their positions, and 18 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 24
34% more call options, than puts
Call options by funds: $834K | Put options by funds: $623K
33% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 18
6% more funds holding
Funds holding: 103 → 109 (+6)
3% more capital invested
Capital invested by funds: $214M → $222M (+$7.39M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.27% less ownership
Funds ownership: 57.41% → 56.14% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SP
Solel Partners
Boston,
Massachusetts
|
+$17.7M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$3.18M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$2.16M |
| 4 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
+$1.78M |
| 5 |
Millennium Management
New York
|
+$1.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$11.7M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$9.91M |
| 3 |
BlackRock
New York
|
-$6.33M |
| 4 |
Bank of New York Mellon
New York
|
-$4.86M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.31M |
LAW Hedge Fund Activity: Q1 2023 in Review
109 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in CS Disco (LAW) for Q1 2023, worth a combined $222M — up 3.4% from $214M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new LAW positions and 18 closed out — a net gain of 6 holders — while 44 added to existing stakes and 24 trimmed.
The largest buyer was Solel Partners, opening a new position worth an estimated $17.7M. The largest seller was Dragoneer Investment Group, exiting entirely with an estimated $11.7M sold.
- 109 institutional investors held CS Disco (LAW) as of Q1 2023, up from 103 in Q4 2022.
- Funds reported $222M of CS Disco stock for Q1 2023, up 3.4% quarter-over-quarter.
- 24 funds opened new CS Disco positions in Q1 2023 and 18 closed out, a net change of +6 holders.
- The largest CS Disco buyer in Q1 2023 was Solel Partners, an estimated $17.7M added.
- The largest CS Disco seller in Q1 2023 was Dragoneer Investment Group, an estimated $11.7M sold.
Based on aggregated 13F filings for Q1 2023.