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LegalZoom.com
LZ

224 hedge funds and large institutions have $1.28B invested in LegalZoom.com in 2025 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 76 increasing their positions, 61 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more call options, than puts

Call options by funds: $5.33M | Put options by funds: $2.43M

75% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 28

25% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 61

19% more capital invested

Capital invested by funds: $1.07B → $1.28B (+$203M)

9% more funds holding

Funds holding: 205 → 224 (+19)

1.45% more ownership

Funds ownership: 82.8% → 84.25% (+1.5%)

56% less funds holding in top 10

Funds holding in top 10: 9 → 4 (-5)

Holders
224
Holders Change
+19
Holders Change %
+9.27%
% of All Funds
3%
Holding in Top 10
4
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-55.56%
% of All Funds
0.05%
New
49
Increased
76
Reduced
61
Closed
28
Calls
$5.33M
Puts
$2.43M
Net Calls
+$2.91M
Net Calls Change
+$1.03M

Top Buyers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$29.7M
2
DCM
Driehaus Capital Management
Illinois
+$11.3M
3
ICM
Invenomic Capital Management
Massachusetts
+$9.83M
4
N
Nuveen
North Carolina
+$8.84M
5
Ameriprise
Ameriprise
Minnesota
+$7.41M

Top Sellers

1
HRCM
Hawk Ridge Capital Management
California
-$29.4M
2
ACM
Ararat Capital Management
Connecticut
-$17.1M
3
CBA
Coastal Bridge Advisors
Connecticut
-$9.63M
4
ACH
ArrowMark Colorado Holdings
Colorado
-$7.48M
5
Norges Bank
Norges Bank
Norway
-$5.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
BPC
176
Bryce Point Capital
New York
$103K +$108K +12,032 New
QCM
177
Quantinno Capital Management
New York
$103K +$107K +11,976 New
New York State Teachers Retirement System (NYSTRS)
178
New York State Teachers Retirement System (NYSTRS)
New York
$101K -$7.57K -846 -7%
CMI
179
Clare Market Investments
Texas
$94.1K -$162K -18,100 -62%
JFG
180
Jefferies Financial Group
New York
$90.7K +$94.3K +10,533 New
Principal Financial Group
181
Principal Financial Group
Iowa
$86.7K -$7.55K -843 -8%
State of Wisconsin Investment Board
182
State of Wisconsin Investment Board
Wisconsin
$86.4K +$89.9K +10,037 New
A
183
AlphaQuest
New York
$57.6K -$707K -79,008 -92%
Fidelity Investments
184
Fidelity Investments
Massachusetts
$55K +$28.1K +3,143 +97%
Nisa Investment Advisors
185
Nisa Investment Advisors
Missouri
$52.5K – – –
SAM
186
Shell Asset Management
Netherlands
$50K -$2.25K -251 -4%
TRCT
187
Tower Research Capital (TRC)
New York
$45.8K +$28K +3,128 +143%
QL
188
Quarry LP
New York
$42.9K -$115K -12,854 -72%
AB
189
Amalgamated Bank
New York
$41K +$143 +16 +0.3%
C
190
Covestor
United Kingdom
$35K +$25.3K +2,827 +238%
QT
191
Quantbot Technologies
New York
$28.6K +$29.8K +3,323 New
VCM
192
Versant Capital Management
Arizona
$21.9K +$21.8K +2,437 +2,299%
CA
193
Clearstead Advisors
Ohio
$17.2K – – –
WTC
194
WhitTier Trust Company
Nevada
$16.2K – – –
LFG
195
Larson Financial Group
Missouri
$15.5K +$1.4K +156 +10%
LC
196
Lindbrook Capital
California
$14.4K +$304 +34 +2%
FDCDDQ
197
Federation des caisses Desjardins du Quebec
Quebec, Canada
$12.9K – – –
TWD
198
True Wealth Design
Ohio
$11.8K +$12.3K +1,372 New
SS
199
SBI Securities
Japan
$10.7K -$8.74K -976 -44%
GI
200
GAMMA Investing
California
$9.63K +$6.99K +781 +231%
6 7
8
9 10

LZ Hedge Fund Activity: Q1 2025 in Review

224 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in LegalZoom.com (LZ) for Q1 2025, worth a combined $1.28B — up 19% from $1.07B a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new LZ positions and 28 closed out — a net gain of 21 holders — while 76 added to existing stakes and 61 trimmed.

The largest buyer was Arrowstreet Capital, adding an estimated $29.7M. The largest seller was Hawk Ridge Capital Management, cutting an estimated $29.4M.

  • 224 institutional investors held LegalZoom.com (LZ) as of Q1 2025, up from 205 in Q4 2024.
  • Funds reported $1.28B of LegalZoom.com stock for Q1 2025, up 19% quarter-over-quarter.
  • 49 funds opened new LegalZoom.com positions in Q1 2025 and 28 closed out, a net change of +21 holders.
  • The largest LegalZoom.com buyer in Q1 2025 was Arrowstreet Capital, an estimated $29.7M added.
  • The largest LegalZoom.com seller in Q1 2025 was Hawk Ridge Capital Management, an estimated $29.4M sold.

Based on aggregated 13F filings for Q1 2025.