LegalZoom.com
174 hedge funds and large institutions have $1.58B invested in LegalZoom.com in 2023 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 67 increasing their positions, 38 reducing their positions, and 22 closing their positions.
461% more call options, than puts
Call options by funds: $35.8M | Put options by funds: $6.39M
123% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 22
76% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 38
26% more capital inflows, than outflows
Capital inflows: $181M | Capital outflows: $144M
17% more funds holding
Funds holding: 149 → 174 (+25)
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
1.4% more ownership
Funds ownership: 66.8% → 68.19% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$19.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$16.7M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$11.8M |
| 4 |
D.E. Shaw & Co
New York
|
+$11.5M |
| 5 |
BlackRock
New York
|
+$9.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IVMX
Institutional Venture Management XIII
Menlo Park,
California
|
-$57.3M |
| 2 |
Hawk Ridge Capital Management
Los Angeles,
California
|
-$27.1M |
| 3 |
TA
TA Associates
Boston,
Massachusetts
|
-$18.9M |
| 4 |
KDA
KPCB DGF Associates
Menlo Park,
California
|
-$10.6M |
| 5 |
SRFM
Shannon River Fund Management
New York
|
-$7.76M |
LZ Hedge Fund Activity: Q2 2023 in Review
174 of the 6,387 institutional investors tracked by Wall St. Rank reported a position in LegalZoom.com (LZ) for Q2 2023, worth a combined $1.58B — up 32% from $1.2B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new LZ positions and 22 closed out — a net gain of 27 holders — while 67 added to existing stakes and 38 trimmed.
The largest buyer was Boston Partners, opening a new position worth an estimated $19.2M. The largest seller was Institutional Venture Management XIII, cutting an estimated $57.3M.
- 174 institutional investors held LegalZoom.com (LZ) as of Q2 2023, up from 149 in Q1 2023.
- Funds reported $1.58B of LegalZoom.com stock for Q2 2023, up 32% quarter-over-quarter.
- 49 funds opened new LegalZoom.com positions in Q2 2023 and 22 closed out, a net change of +27 holders.
- The largest LegalZoom.com buyer in Q2 2023 was Boston Partners, an estimated $19.2M added.
- The largest LegalZoom.com seller in Q2 2023 was Institutional Venture Management XIII, an estimated $57.3M sold.
Based on aggregated 13F filings for Q2 2023.