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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
State Board of Administration of Florida Retirement System
101
State Board of Administration of Florida Retirement System
Florida
$195K +$5.03K +580 +2%
SSA
102
Schonfeld Strategic Advisors
New York
$185K +$207K +23,900 New
GCP
103
GSA Capital Partners
United Kingdom
$171K +$192K +22,067 New
BFM
104
Boothbay Fund Management
New York
$171K +$30K +3,462 +19%
MWM
105
Mission Wealth Management
California
$155K – – –
FRM
106
Fox Run Management
Connecticut
$140K +$156K +18,026 New
BOTOTLSJU
107
Board of Trustees of The Leland Stanford Junior University
California
$134K -$2.51M -288,709 -94%
CIP
108
Cornerstone Investment Partners
Georgia
$124K -$5.21K -600 -4%
AB
109
Amalgamated Bank
New York
$119K – – –
AGM
110
Alpine Global Management
New York
$116K +$130K +14,989 New
Susquehanna International Group
111
Susquehanna International Group
Pennsylvania
$110K -$754K -86,911 -86%
PPW
112
Pasadena Private Wealth
California
$108K – – –
Handelsbanken Fonder
113
Handelsbanken Fonder
Sweden
$104K – – –
UBS Group
114
UBS Group
Switzerland
$102K +$77.1K +8,883 +208%
PMEF
115
Point72 Middle East FZE
United Arab Emirates
$99.8K +$112K +12,892 New
PI
116
PFS Investments
Georgia
$99K +$21.9K +2,528 +25%
CG
117
Caprock Group
Idaho
$98.7K +$2.18K +251 +2%
BCM
118
Bayesian Capital Management
New York
$97.1K +$109K +12,548 New
GAM
119
Gotham Asset Management
New York
$97.1K +$109K +12,542 New
ProShare Advisors
120
ProShare Advisors
Maryland
$95.5K +$15.4K +1,769 +17%
AQR Capital Management
121
AQR Capital Management
Connecticut
$93K +$104K +12,018 New
JMPWA
122
JP Morgan Private Wealth Advisors
California
$90.6K +$102K +11,707 New
OQS
123
Occudo Quantitative Strategies
Florida
$90K +$101K +11,622 New
Principal Financial Group
124
Principal Financial Group
Iowa
$89.9K -$19.3K -2,220 -16%
CAM
125
Claret Asset Management
Quebec, Canada
$84K – – –
3 4
5
6 7

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.