LegalZoom.com
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.
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)
Top Buyers
| 1 |
Millennium Management
New York
|
+$20.3M |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$5.79M |
| 3 |
Morgan Stanley
New York
|
+$4.94M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$4.52M |
| 5 |
Renaissance Technologies
New York
|
+$3.24M |
Top Sellers
| 1 |
Franklin Resources
San Mateo,
California
|
-$24.1M |
| 2 |
TA
TA Associates
Boston,
Massachusetts
|
-$18.3M |
| 3 |
KDA
KPCB DGF Associates
Menlo Park,
California
|
-$17.4M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$13.1M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$12.7M |
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.