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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
Deutsche Bank
101
Deutsche Bank
Germany
$556K -$542K -44,222 -47%
Acadian Asset Management
102
Acadian Asset Management
Massachusetts
$550K -$521K -42,480 -46%
YC
103
Yarbrough Capital
Tennessee
$520K +$583K +47,515 New
Susquehanna International Group
104
Susquehanna International Group
Pennsylvania
$519K -$586K -47,761 -50%
Russell Investments Group
105
Russell Investments Group
United Kingdom
$518K -$974K -79,460 -63%
BFM
106
Boothbay Fund Management
New York
$504K -$276K -22,474 -33%
Squarepoint
107
Squarepoint
New York
$504K -$301K -24,530 -35%
Mirae Asset Global Investments
108
Mirae Asset Global Investments
South Korea
$503K +$65.5K +5,341 +13%
PFM
109
Premier Fund Managers
United Kingdom
$450K -$635K -51,805 -55%
HSBC Holdings
110
HSBC Holdings
United Kingdom
$445K +$92.7K +7,562 +23%
Janus Henderson Group
111
Janus Henderson Group
United Kingdom
$430K +$74 +6 +0%
GAM
112
Gotham Asset Management
New York
$403K -$128K -10,450 -22%
Barclays
113
Barclays
United Kingdom
$395K -$14.6K -1,187 -3%
Jacobs Levy Equity Management
114
Jacobs Levy Equity Management
New Jersey
$356K -$8.61M -702,259 -96%
WF
115
WoodTrust Financial
Wisconsin
$340K +$381K +31,100 New
DFCM
116
Dark Forest Capital Management
Puerto Rico
$331K +$371K +30,290 New
State Board of Administration of Florida Retirement System
117
State Board of Administration of Florida Retirement System
Florida
$326K +$2.45K +200 +0.7%
Allspring Global Investments
118
Allspring Global Investments
North Carolina
$313K +$246K +20,052 +233%
Mariner
119
Mariner
Kansas
$282K +$165K +13,482 +110%
Envestnet Asset Management
120
Envestnet Asset Management
Illinois
$280K +$314K +25,609 New
Wells Fargo
121
Wells Fargo
California
$276K -$233K -19,033 -43%
PRC
122
Pearl River Capital
Michigan
$269K +$302K +24,590 New
BJL
123
Brighton Jones LLC
Washington
$267K +$21.9K +1,788 +8%
YIH
124
Y-Intercept (HK)
Hong Kong
$266K -$65.5K -5,344 -18%
Verition Fund Management
125
Verition Fund Management
Connecticut
$262K +$125K +10,202 +74%
3 4
5
6 7

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.