Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Legalzoom Com Inc (LZ)

241 + Investors. Track Smart Money conviction in LZ. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
2Q ▲
Buyers last Q
46%

Smart Money Signals — LZ

Based on 244 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added LZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
244 hedge funds hold LZ right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +5% more funds vs a year ago

fund count last 6Q
+12 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 46% buying

125 buying146 selling
Last quarter: 146 funds reduced or exited vs 125 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-12 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 42 → 37 → 62 → 50. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 22% medium ■ 24% new
132 out of 244 hedge funds have held LZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

47 → 42 → 37 → 62 → 50 new funds/Q
New funds entering each quarter: 42 → 37 → 62 → 50. A growing number of institutions are discovering LZ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 61% veterans vs 23% newcomers

■ 61% veterans ■ 17% 1-2yr ■ 23% new
Entry-cohort mix of 252 holders: 153 (61%) are 2+ year veterans, 42 entered 1–2 years ago, and 57 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
48 of 242 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in LZ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — LZ

In 2026 Q2, 125 hedge funds were net buyers of LZ (50 opened a new position, 75 added to an existing one), while 146 reduced or exited (99 trimmed, 47 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 44% of total institutional value in LZ is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 244.

Hedge Fund Ownership: LZ

How many hedge funds hold LZ — quarterly history vs. share price
Quarterly hedge fund ownership of LZ vs. share price

Market Analysis: LZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: LZ

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

13 top-rated funds 1 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: LZ
241 + Investors

Track Smart Money conviction in LZ. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 241 241 -
13F Shares 165M 173M -4.58%
Total Value $1.08B $992M 9.12%
New Positions 50 62 -12
Increased Positions 74 72 +2
Closed Positions 48 56 -8
Reduced Positions 95 80 +15
Total Calls 6 4 50.0%
Total Puts 4 4 -
PUT/CALL Ratio 0.67 1.0 Bullish

Statistics: LZ

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Institutional Holders (2026 Q2)

241 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in LZ. Verified SEC 13F-HR filings.

QUARTER:
Top 25 LZ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Francisco Partners Management, LP 48.56% 28,625,744 $175.5M
2 Technology Crossover Management IX, Ltd. 14.57% 16,396,313 $100.5M
3 Ararat Capital Management LP 4.51% 1,569,055 $9.6M
4 CDC Financial, Inc. 4.11% 1,601,436 $9.8M
5 Tabor Asset Management, LP 2.24% 1,199,418 $7.4M
6 Hillman Co 1.99% 917,319 $5.6M
7 PharVision Advisers, LLC 1.80% 15,604 $96K
8 Avory & Company, LLC 1.50% 195,347 $1.2M
9 Invenomic Capital Management LP 0.98% 2,676,821 $16.4M
10 Punch & Associates Investment Management, INC. 0.86% 2,850,501 $17.5M
11 CDC Financial, Inc. 0.74% 290,000 $1.8M
12 Mainstream Capital Management LLC 0.74% 200,000 $1.2M
13 Olympiad Research LP 0.58% 45,455 $279K
14 Kazazian Asset Management, LLC 0.50% 90,000 $552K
15 VARCOV Co. 0.46% 197,972 $1.2M
16 Coastal Bridge Advisors, LLC 0.40% 1,055,260 $6.5M
17 Numerai GP LLC 0.23% 449,655 $2.8M
18 Caitlin John, LLC 0.20% 59,753 $366K
19 Hillsdale Investment Management Inc. 0.12% 858,330 $5.3M
20 Landscape Capital Management, L.L.C. 0.12% 292,293 $1.8M
21 CenterBook Partners LP 0.10% 342,217 $2.1M
22 Dark Forest Capital Management LP 0.08% 189,994 $1.2M
23 Clearline Capital LP 0.05% 136,081 $834K
24 Accurate Wealth Management, LLC 0.05% 70,166 $509K
25 Edgestream Partners, L.P. 0.04% 243,144 $1.5M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Legalzoom Com Inc (LZ)

What does the Smart Money Trend signal show for LZ?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added LZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for LZ?

More sellers than buyers — 46% buying: Last quarter: 146 funds reduced or exited vs 125 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for LZ holders?

Elite ownership — 44% AUM from top-100 funds: 48 of 242 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in LZ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held LZ?

54% of holders stayed for 2+ years: 132 out of 244 hedge funds have held LZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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