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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
GRP
176
Global Retirement Partners
California
$1.1K – – –
CG
177
Cutler Group
California
$1K +$1.29K +105 New
VCM
178
Versant Capital Management
Arizona
$678 – – –
GWS
179
Glassman Wealth Services
Virginia
$624 – – –
US Bancorp
180
US Bancorp
Minnesota
$558 – – –
LC
181
Lindbrook Capital
California
$328 – – –
AF
182
Allworth Financial
California
$132 +$147 +12 New
Fuller & Thaler Asset Management
183
Fuller & Thaler Asset Management
California
– -$13.5M -1,119,307 Closed
PCM
184
Pathway Capital Management
California
– -$8.11M -671,642 Closed
Jane Street
185
Jane Street
New York
– -$3.53M -287,510 Closed
FAM
186
Fred Alger Management
New York
– -$3.26M -270,117 Closed
Bank of Montreal
187
Bank of Montreal
Ontario, Canada
– -$2.76M -218,284 Closed
ER
188
EVR Research
Virginia
– -$2.42M -200,000 Closed
EI
189
EAM Investors
California
– -$2.38M -197,345 Closed
CFG
190
Citizens Financial Group
Rhode Island
– -$1.72M -142,196 Closed
ECM
191
ExodusPoint Capital Management
New York
– -$1.12M -92,380 Closed
URS
192
Utah Retirement Systems
Utah
– -$1.02M -84,408 Closed
First Trust Advisors
193
First Trust Advisors
Illinois
– -$856K -70,830 Closed
GCM
194
Graham Capital Management
Connecticut
– -$737K -60,977 Closed
QC
195
Quadrature Capital
United Kingdom
– -$708K -58,669 Closed
QT
196
Quantbot Technologies
New York
– -$633K -52,401 Closed
Walleye Capital
197
Walleye Capital
New York
– -$635K -51,756 Closed
SEI Investments
198
SEI Investments
Pennsylvania
– -$489K -40,475 Closed
DTL
199
Dynamic Technology Lab
Singapore
– -$442K -36,621 Closed
BAM
200
Blueshift Asset Management
New Jersey
– -$368K -30,483 Closed
5 6 7
8
9

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.