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LegalZoom.com
LZ

181 hedge funds and large institutions have $1.58B invested in LegalZoom.com in 2023 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 63 increasing their positions, 52 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

272% more call options, than puts

Call options by funds: $32.5M | Put options by funds: $8.72M

31% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 29

21% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 52

6.88% more ownership

Funds ownership: 68.19% → 75.08% (+6.9%)

4% more funds holding

Funds holding: 174 → 181 (+7)

0% more capital invested

Capital invested by funds: $1.58B → $1.58B (+$7.24M)

0% more funds holding in top 10

Funds holding in top 10: 10 → 10 (0)

Holders
181
Holders Change
+7
Holders Change %
+4.02%
% of All Funds
2.87%
Holding in Top 10
10
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
38
Increased
63
Reduced
52
Closed
29
Calls
$32.5M
Puts
$8.72M
Net Calls
+$23.7M
Net Calls Change
-$5.69M

Top Buyers

Rank Fund Capital Flow
1
WHG
Westwood Holdings Group
Texas
+$31.5M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$27.7M
3
William Blair & Company
William Blair & Company
Illinois
+$26.6M
4
CC
Cowbird Capital
New York
+$26.5M
5
HRCM
Hawk Ridge Capital Management
California
+$22.1M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$18.3M
2
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
-$13.5M
3
Morgan Stanley
Morgan Stanley
New York
-$8.86M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$8.61M
5
PCM
Pathway Capital Management
California
-$8.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
76
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$1.05M – – –
New York State Common Retirement Fund
77
New York State Common Retirement Fund
New York
$1.01M -$2.5M -204,239 -69%
California State Teachers Retirement System (CalSTRS)
78
California State Teachers Retirement System (CalSTRS)
California
$991K -$138K -11,238 -11%
SFI
79
Susquehanna Fundamental Investments
Pennsylvania
$939K – – –
Invesco
80
Invesco
Georgia
$921K -$8.99K -733 -0.9%
Millennium Management
81
Millennium Management
New York
$914K -$18.3M -1,493,154 -95%
Ameriprise
82
Ameriprise
Minnesota
$910K -$74.3K -6,058 -7%
GCP
83
GSA Capital Partners
United Kingdom
$888K +$210K +17,132 +27%
APG Asset Management
84
APG Asset Management
Netherlands
$823K +$364K +29,712 +65%
Legal & General Group
85
Legal & General Group
United Kingdom
$793K -$11K -896 -1%
EAM
86
EFG Asset Management
Oregon
$790K +$886K +72,223 New
CS
87
Credit Suisse
Switzerland
$760K -$82.3K -6,709 -9%
UBS AM
88
UBS AM
Illinois
$759K +$851K +69,368 New
UBS Group
89
UBS Group
Switzerland
$754K -$149K -12,130 -15%
Tudor Investment Corp
90
Tudor Investment Corp
Connecticut
$740K -$247K -20,167 -23%
TD Asset Management
91
TD Asset Management
Ontario, Canada
$728K – – –
Empower Advisory Group
92
Empower Advisory Group
Colorado
$698K -$245K -20,000 -24%
SO
93
STRS Ohio
Ohio
$688K +$565K +46,100 +274%
American Century Companies
94
American Century Companies
Missouri
$633K +$710K +57,880 New
Manulife (Manufacturers Life Insurance)
95
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$630K +$162K +13,183 +30%
H
96
HoyleCohen
California
$613K – – –
OQS
97
Occudo Quantitative Strategies
Florida
$613K -$67.8K -5,532 -9%
MIM
98
MetLife Investment Management
New Jersey
$590K – – –
AIG
99
American International Group
New York
$569K +$22.7K +1,848 +4%
Citigroup
100
Citigroup
New York
$568K +$176K +14,388 +38%
2 3
4
5 6

LZ Hedge Fund Activity: Q3 2023 in Review

181 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in LegalZoom.com (LZ) for Q3 2023, worth a combined $1.58B — up 0.46% from $1.58B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new LZ positions and 29 closed out — a net gain of 9 holders — while 63 added to existing stakes and 52 trimmed.

The largest buyer was Westwood Holdings Group, opening a new position worth an estimated $31.5M. The largest seller was Millennium Management, cutting an estimated $18.3M.

  • 181 institutional investors held LegalZoom.com (LZ) as of Q3 2023, up from 174 in Q2 2023.
  • Funds reported $1.58B of LegalZoom.com stock for Q3 2023, up 0.46% quarter-over-quarter.
  • 38 funds opened new LegalZoom.com positions in Q3 2023 and 29 closed out, a net change of +9 holders.
  • The largest LegalZoom.com buyer in Q3 2023 was Westwood Holdings Group, an estimated $31.5M added.
  • The largest LegalZoom.com seller in Q3 2023 was Millennium Management, an estimated $18.3M sold.

Based on aggregated 13F filings for Q3 2023.