LegalZoom.com
149 hedge funds and large institutions have $1.2B invested in LegalZoom.com in 2023 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 56 increasing their positions, 35 reducing their positions, and 26 closing their positions.
318% more call options, than puts
Call options by funds: $18.4M | Put options by funds: $4.42M
60% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 35
20% more capital invested
Capital invested by funds: $999M → $1.2B (+$197M)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
0.18% less ownership
Funds ownership: 66.97% → 66.8% (-0.18%)
4% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 26
2% less funds holding
Funds holding: 152 → 149 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$14.1M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
+$8.67M |
| 3 |
SRFM
Shannon River Fund Management
New York
|
+$7.01M |
| 4 |
ACM
Ararat Capital Management
Westport,
Connecticut
|
+$6.29M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$5.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$43.2M |
| 2 |
Millennium Management
New York
|
-$15.5M |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$4.01M |
| 4 |
TC
TwinBeech Capital
Purchase,
New York
|
-$2.83M |
| 5 |
SEI Investments
Oaks,
Pennsylvania
|
-$1.34M |
LZ Hedge Fund Activity: Q1 2023 in Review
149 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in LegalZoom.com (LZ) for Q1 2023, worth a combined $1.2B — up 20% from $999M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of LZ and 25 opened new positions — a net loss of 1 holder — while 35 trimmed existing stakes and 56 added.
The largest buyer was BlackRock, adding an estimated $14.1M. The largest seller was Wasatch Advisors, exiting entirely with an estimated $43.2M sold.
- 149 institutional investors held LegalZoom.com (LZ) as of Q1 2023, down from 152 in Q4 2022.
- Funds reported $1.2B of LegalZoom.com stock for Q1 2023, up 20% quarter-over-quarter.
- 25 funds opened new LegalZoom.com positions in Q1 2023 and 26 closed out, a net change of -1 holder.
- The largest LegalZoom.com buyer in Q1 2023 was BlackRock, an estimated $14.1M added.
- The largest LegalZoom.com seller in Q1 2023 was Wasatch Advisors, an estimated $43.2M sold.
Based on aggregated 13F filings for Q1 2023.