CS Disco
LAW
120 hedge funds and large institutions have $134M invested in CS Disco in 2026 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 50 increasing their positions, 31 reducing their positions, and 17 closing their positions.
61% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 31
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $136M → $134M (-$2.37M)
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
1% less ownership
Funds ownership: 56.18% → 55.18% (-1%)
2% less funds holding
Funds holding: 123 → 120 (-3)
87% less call options, than puts
Call options by funds: $51K | Put options by funds: $391K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.09M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.08M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$937K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$655K |
| 5 |
Squarepoint
New York
|
+$645K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Topline Capital Management
Santa Monica,
California
|
-$4.48M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$2.28M |
| 3 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
-$2.06M |
| 4 |
SEI Investments
Oaks,
Pennsylvania
|
-$708K |
| 5 |
LCM
Legato Capital Management
San Francisco,
California
|
-$645K |
LAW Hedge Fund Activity: Q2 2026 in Review
120 of the 8,349 institutional investors tracked by Wall St. Rank reported a position in CS Disco (LAW) for Q2 2026, worth a combined $134M — down 1.7% from $136M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of LAW and 16 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 50 added.
The largest buyer was BlackRock, adding an estimated $1.09M. The largest seller was Topline Capital Management, cutting an estimated $4.48M.
- 120 institutional investors held CS Disco (LAW) as of Q2 2026, down from 123 in Q1 2026.
- Funds reported $134M of CS Disco stock for Q2 2026, down 1.7% quarter-over-quarter.
- 16 funds opened new CS Disco positions in Q2 2026 and 17 closed out, a net change of -1 holder.
- The largest CS Disco buyer in Q2 2026 was BlackRock, an estimated $1.09M added.
- The largest CS Disco seller in Q2 2026 was Topline Capital Management, an estimated $4.48M sold.
Based on aggregated 13F filings for Q2 2026.