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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
FPM
1
Francisco Partners Management
California
$313M – – –
TCMI
2
Technology Crossover Management IX
California
$156M – – –
Vanguard Group
3
Vanguard Group
Pennsylvania
$142M +$27.7M +2,257,224 +21%
GC
4
GPI Capital
New York
$104M – – –
BlackRock
5
BlackRock
New York
$104M +$1.56M +127,579 +1%
HRCM
6
Hawk Ridge Capital Management
California
$61.3M +$22.1M +1,802,959 +47%
KDA
7
KPCB DGF Associates
California
$58.1M – – –
William Blair & Company
8
William Blair & Company
Illinois
$38M +$26.6M +2,169,132 +166%
Boston Partners
9
Boston Partners
Massachusetts
$35.9M +$18.4M +1,504,152 +83%
IVMX
10
Institutional Venture Management XIII
California
$35.2M – – –
Franklin Resources
11
Franklin Resources
California
$33.3M +$4.12K +336 +0%
T. Rowe Price Investment Management
12
T. Rowe Price Investment Management
Maryland
$31M +$7.77M +633,696 +29%
WHG
13
Westwood Holdings Group
Texas
$28.1M +$31.5M +2,565,950 New
Geode Capital Management
14
Geode Capital Management
Massachusetts
$24.6M +$2.5M +203,464 +10%
ACM
15
Ararat Capital Management
Connecticut
$24.4M +$5.66M +461,562 +26%
Fidelity Investments
16
Fidelity Investments
Massachusetts
$24.2M +$5.84M +476,039 +27%
CC
17
Cowbird Capital
New York
$23.6M +$26.5M +2,158,964 New
State Street
18
State Street
Massachusetts
$21.9M +$1.94M +157,977 +9%
CBA
19
Coastal Bridge Advisors
Connecticut
$20.8M -$4.73M -385,660 -17%
ACH
20
ArrowMark Colorado Holdings
Colorado
$18.4M +$1.15M +93,637 +6%
JGC
21
J. Goldman & Co
New York
$13.5M +$15.2M +1,237,681 New
HC
22
Hillman Company
Pennsylvania
$13.2M – – –
Wellington Management Group
23
Wellington Management Group
Massachusetts
$13.1M +$2.55M +208,030 +21%
D.E. Shaw & Co
24
D.E. Shaw & Co
New York
$12.8M -$3.53M -288,254 -20%
Alyeska Investment Group
25
Alyeska Investment Group
Illinois
$12.6M +$14.1M +1,148,403 New
1
2 3 4 5

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.