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LegalZoom.com
LZ

152 hedge funds and large institutions have $999M invested in LegalZoom.com in 2022 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 47 increasing their positions, 44 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

146% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 13

143% more call options, than puts

Call options by funds: $8.65M | Put options by funds: $3.56M

13% more funds holding

Funds holding: 135 → 152 (+17)

7% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 44

1.74% less ownership

Funds ownership: 68.72% → 66.97% (-1.7%)

10% less funds holding in top 10

Funds holding in top 10: 10 → 9 (-1)

13% less capital invested

Capital invested by funds: $1.15B → $999M (-$147M)

Holders
152
Holders Change
+17
Holders Change %
+12.59%
% of All Funds
2.44%
Holding in Top 10
9
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-10%
% of All Funds
0.14%
New
32
Increased
47
Reduced
44
Closed
13
Calls
$8.65M
Puts
$3.56M
Net Calls
+$5.1M
Net Calls Change
-$3.83M

Top Buyers

1
Millennium Management
Millennium Management
New York
+$20.3M
2
CSS
Cubist Systematic Strategies
Connecticut
+$5.79M
3
Morgan Stanley
Morgan Stanley
New York
+$4.94M
4
ACH
ArrowMark Colorado Holdings
Colorado
+$4.52M
5
Renaissance Technologies
Renaissance Technologies
New York
+$3.24M

Top Sellers

1
Franklin Resources
Franklin Resources
California
-$24.1M
2
TA
TA Associates
Massachusetts
-$18.3M
3
KDA
KPCB DGF Associates
California
-$17.4M
4
WA
Wasatch Advisors
Utah
-$13.1M
5
Ameriprise
Ameriprise
Minnesota
-$12.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wellington Management Group
26
Wellington Management Group
Massachusetts
$3.17M +$547 +63 +0%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$2.94M +$389K +44,828 +13%
TC
28
TwinBeech Capital
New York
$2.83M +$2.42M +278,705 +322%
CCA
29
Cross Creek Advisors
Utah
$2.66M – – –
Jacobs Levy Equity Management
30
Jacobs Levy Equity Management
New Jersey
$2.6M +$2.92M +336,310 New
Two Sigma Investments
31
Two Sigma Investments
New York
$2.27M +$2.46M +283,175 +2,723%
FAM
32
Fred Alger Management
New York
$2.14M +$208 +24 +0%
Goldman Sachs
33
Goldman Sachs
New York
$2.04M +$190K +21,836 +9%
N
34
Nuveen
North Carolina
$1.85M -$182K -20,976 -8%
TI
35
Trexquant Investment
Connecticut
$1.75M +$1.78M +204,910 +997%
VOYA Investment Management
36
VOYA Investment Management
Georgia
$1.72M +$1.55M +179,126 +416%
William Blair & Company
37
William Blair & Company
Illinois
$1.59M +$439K +50,562 +33%
HF
38
HRT Financial
New York
$1.43M +$1.6M +184,822 New
Tudor Investment Corp
39
Tudor Investment Corp
Connecticut
$1.37M +$760K +87,545 +98%
ECM
40
ExodusPoint Capital Management
New York
$1.37M +$591K +68,050 +63%
Mitsubishi UFJ Asset Management
41
Mitsubishi UFJ Asset Management
Japan
$1.35M – – –
SEI Investments
42
SEI Investments
Pennsylvania
$1.34M -$798K -91,949 -35%
Qube Research & Technologies (QRT)
43
Qube Research & Technologies (QRT)
United Kingdom
$1.26M +$1.42M +163,384 New
Citadel Advisors
44
Citadel Advisors
Florida
$1.23M +$1.38M +159,097 New
IC
45
IEQ Capital
California
$1.21M +$69.3K +7,983 +5%
RJA
46
Raymond James & Associates
Florida
$1.2M -$306K -35,294 -19%
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$1.19M +$1.34M +153,869 New
CCM
48
Chimera Capital Management
New York
$1.17M +$270K +31,127 +26%
PFM
49
Premier Fund Managers
United Kingdom
$1.17M – – –
RC
50
RBF Capital
California
$1.16M +$608K +70,000 +88%
1
2
3 4 5

LZ Hedge Fund Activity: Q4 2022 in Review

152 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in LegalZoom.com (LZ) for Q4 2022, worth a combined $999M — down 13% from $1.15B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new LZ positions and 13 closed out — a net gain of 19 holders — while 47 added to existing stakes and 44 trimmed.

The largest buyer was Millennium Management, adding an estimated $20.3M. The largest seller was Franklin Resources, cutting an estimated $24.1M.

  • 152 institutional investors held LegalZoom.com (LZ) as of Q4 2022, up from 135 in Q3 2022.
  • Funds reported $999M of LegalZoom.com stock for Q4 2022, down 13% quarter-over-quarter.
  • 32 funds opened new LegalZoom.com positions in Q4 2022 and 13 closed out, a net change of +19 holders.
  • The largest LegalZoom.com buyer in Q4 2022 was Millennium Management, an estimated $20.3M added.
  • The largest LegalZoom.com seller in Q4 2022 was Franklin Resources, an estimated $24.1M sold.

Based on aggregated 13F filings for Q4 2022.