We are live on ! Find out more
LZ icon

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
PA
151
Parallel Advisors
California
$85 -$8.14K -938 -99%
CS
152
Credit Suisse
Switzerland
$31 -$2.07M -238,809 -100%
LPAM
153
Legion Partners Asset Management
California
– -$5.94M -693,133 Closed
Holocene Advisors
154
Holocene Advisors
New York
– -$1.43M -166,637 Closed
First Trust Advisors
155
First Trust Advisors
Illinois
– -$446K -52,005 Closed
BNP Paribas Financial Markets
156
BNP Paribas Financial Markets
France
– -$298K -34,800 Closed
PRC
157
Pearl River Capital
Michigan
– -$282K -32,881 Closed
VF
158
Virtu Financial
New York
– -$150K -17,481 Closed
SOW
159
State of Wyoming
Wyoming
– -$82K -9,600 Closed
PHK
160
Point72 Hong Kong
Hong Kong
– -$15K -1,749 Closed
CG
161
Cutler Group
California
– -$4.41K -508 Closed
PNC Financial Services Group
162
PNC Financial Services Group
Pennsylvania
– -$1K -159 Closed
Loomis, Sayles & Company
163
Loomis, Sayles & Company
Massachusetts
– -$1K -132 Closed
UB
164
UMB Bank
Missouri
– -$1K -96 Closed
ARIS
165
Advanced Research Investment Solutions
California
– -$1K -75 Closed
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.