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LegalZoom.com
LZ

237 hedge funds and large institutions have $937M invested in LegalZoom.com in 2026 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 74 increasing their positions, 77 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

241% more call options, than puts

Call options by funds: $7.61M | Put options by funds: $2.23M

12% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 57

5.85% more ownership

Funds ownership: 89.59% → 95.44% (+5.9%)

1% more funds holding

Funds holding: 235 → 237 (+2)

4% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 77

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

41% less capital invested

Capital invested by funds: $1.58B → $937M (-$641M)

Holders
237
Holders Change
+2
Holders Change %
+0.85%
% of All Funds
2.92%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
64
Increased
74
Reduced
77
Closed
57
Calls
$7.61M
Puts
$2.23M
Net Calls
+$5.38M
Net Calls Change
-$10.5M

Top Buyers

1
BlackRock
BlackRock
New York
+$49.4M
2
State Street
State Street
Massachusetts
+$13.4M
3
Bank of America
Bank of America
North Carolina
+$12.4M
4
ICM
Invenomic Capital Management
Massachusetts
+$10.1M
5
Principal Financial Group
Principal Financial Group
Iowa
+$6.54M

Top Sellers

1
NPIC
Neumeier Poma Investment Counsel
California
-$15.9M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$12.1M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$10.2M
4
Renaissance Technologies
Renaissance Technologies
New York
-$7.88M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$7.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
FPM
1
Francisco Partners Management
California
$162M – – –
BlackRock
2
BlackRock
New York
$102M +$49.4M +6,507,128 +57%
TCMI
3
Technology Crossover Management IX
California
$93M – – –
VPM
4
Vanguard Portfolio Management
Pennsylvania
$64.1M +$85.8M +11,301,854 New
VCM
5
Vanguard Capital Management
Pennsylvania
$39.4M +$52.7M +6,941,986 New
State Street
6
State Street
Massachusetts
$25.1M +$13.4M +1,760,650 +66%
Renaissance Technologies
7
Renaissance Technologies
New York
$22.8M -$7.88M -1,037,930 -21%
Boston Partners
8
Boston Partners
Massachusetts
$22.2M +$2.13M +280,464 +8%
Arrowstreet Capital
9
Arrowstreet Capital
Massachusetts
$20M -$6.46M -850,837 -19%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$17.7M +$691K +91,131 +3%
ICM
11
Invenomic Capital Management
Massachusetts
$16.6M +$10.1M +1,337,557 +84%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$16.4M -$791K -104,223 -3%
Goldman Sachs
13
Goldman Sachs
New York
$16M -$6.89M -907,671 -24%
PAIM
14
Punch & Associates Investment Management
Minnesota
$15.2M +$472K +62,223 +2%
Franklin Resources
15
Franklin Resources
California
$14.2M -$1.84M -242,052 -9%
Bank of America
16
Bank of America
North Carolina
$14.2M +$12.4M +1,636,487 +187%
ACM
17
Ararat Capital Management
Connecticut
$12.4M +$2.42M +319,016 +17%
Morgan Stanley
18
Morgan Stanley
New York
$12.2M -$4.22M -556,489 -20%
Acadian Asset Management
19
Acadian Asset Management
Massachusetts
$12.1M +$4.35M +573,577 +37%
JP Morgan Chase
20
JP Morgan Chase
New York
$11.8M +$5.87M +773,373 +60%
Man Group
21
Man Group
United Kingdom
$9.17M +$3.49M +460,011 +40%
AQR Capital Management
22
AQR Capital Management
Connecticut
$8.78M -$7.85M -1,034,398 -40%
UBS Group
23
UBS Group
Switzerland
$8.05M +$6.12M +806,663 +131%
TI
24
Trexquant Investment
Connecticut
$7.57M +$5.93M +781,047 +141%
Northern Trust
25
Northern Trust
Illinois
$6.77M +$827K +109,059 +10%
1
2 3 4 5

LZ Hedge Fund Activity: Q1 2026 in Review

237 of the 8,125 institutional investors tracked by Wall St. Rank reported a position in LegalZoom.com (LZ) for Q1 2026, worth a combined $937M — down 41% from $1.58B a quarter earlier.

Buyers outnumbered sellers: 64 funds opened new LZ positions and 57 closed out — a net gain of 7 holders — while 74 added to existing stakes and 77 trimmed.

The largest buyer was BlackRock, adding an estimated $49.4M. The largest seller was Neumeier Poma Investment Counsel, exiting entirely with an estimated $15.9M sold.

  • 237 institutional investors held LegalZoom.com (LZ) as of Q1 2026, up from 235 in Q4 2025.
  • Funds reported $937M of LegalZoom.com stock for Q1 2026, down 41% quarter-over-quarter.
  • 64 funds opened new LegalZoom.com positions in Q1 2026 and 57 closed out, a net change of +7 holders.
  • The largest LegalZoom.com buyer in Q1 2026 was BlackRock, an estimated $49.4M added.
  • The largest LegalZoom.com seller in Q1 2026 was Neumeier Poma Investment Counsel, an estimated $15.9M sold.

Based on aggregated 13F filings for Q1 2026.