Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Legalzoom Com Inc (LZ)

239 + 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
↑ +6
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — LZ

Based on 240 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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
240 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 — +8% more funds vs a year ago

fund count last 6Q
+17 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

136 buying136 selling
Last quarter: 136 funds bought or added vs 136 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+25 vs last Q)

new funds entering per quarter
Funds opening a new LZ position: 46 → 42 → 37 → 62. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 26% medium ■ 22% new
125 out of 240 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.
💎

Buying through price weakness — shares +2%, value -40%

Value
-40%
Shares
+2%
Last quarter: funds added +2% more shares while total portfolio value only changed -40%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

49 → 46 → 42 → 37 → 62 new funds/Q
New funds entering each quarter: 46 → 42 → 37 → 62. A growing number of institutions are discovering LZ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 63% veterans vs 26% newcomers

■ 63% veterans ■ 11% 1-2yr ■ 26% new
Entry-cohort mix of 245 holders: 155 (63%) are 2+ year veterans, 26 entered 1–2 years ago, and 64 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 22% AUM from major funds

22% from top-100 AUM funds
44 of 237 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 Q1, 136 hedge funds were net buyers of LZ (62 opened a new position, 74 added to an existing one), while 136 reduced or exited (80 trimmed, 56 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 22% of total institutional value in LZ is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 240.

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

-- --

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

Is It Too Late to Buy Legalzoom Com Inc (LZ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much LZ has moved relative to its sector benchmark (XLI) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
LZ
-1.8%
XLI
+11.0%

LZ outperformed XLI by -12.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
LZ
-7.2%
XLI
+4.8%

Since the filing became public, LZ outperformed XLI by -12.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

28 top-rated funds 0 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: LZ
239 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 239 234 2.14%
13F Shares 172M 169M 2.01%
Total Value $991M $1.65B -40.0%
New Positions 61 37 +24
Increased Positions 72 98 -26
Closed Positions 56 41 +15
Reduced Positions 79 70 +9
Total Calls 4 5 -20.0%
Total Puts 4 5 -20.0%
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: LZ

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

239 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Francisco Partners Management, LP 55.63% 28,625,744 $162.3M
2 Gpi Capital, L.P. 29.64% 9,541,916 $85.0M
3 Technology Crossover Management IX, Ltd. 12.36% 16,396,313 $93.0M
4 Ararat Capital Management LP 7.00% 2,194,271 $12.4M
5 Tabor Asset Management, LP 2.03% 889,482 $5.0M
6 Hillman Co 2.02% 917,319 $5.2M
7 Avory & Company, LLC 1.66% 226,138 $1.3M
8 CDC Financial, Inc. 1.41% 392,065 $2.2M
9 Punch & Associates Investment Management, INC. 0.88% 2,689,270 $15.2M
10 Mainstream Capital Management LLC 0.86% 225,000 $1.3M
11 Invenomic Capital Management LP 0.76% 2,924,601 $16.6M
12 Kazazian Asset Management, LLC 0.60% 96,783 $549K
13 Coastal Bridge Advisors, LLC 0.42% 1,055,260 $6.0M
14 Bastion Asset Management Inc. 0.38% 192,838 $1.2M
15 Olympiad Research LP 0.36% 20,572 $117K
16 VARCOV Co. 0.26% 124,348 $705K
17 Blueshift Asset Management, LLC 0.20% 118,099 $670K
18 Hawk Ridge Capital Management LP 0.15% 735,929 $4.2M
19 Hillsdale Investment Management Inc. 0.12% 778,430 $4.4M
20 Rice Hall James & Associates, LLC 0.11% 352,781 $2.0M
21 WINTON GROUP Ltd 0.07% 363,902 $2.1M
22 Nebula Research & Development LLC 0.07% 89,798 $800K
23 Scientech Research LLC 0.06% 13,236 $75K
24 Oxford Asset Management LLP 0.06% 24,526 $139K
25 Numerai GP LLC 0.06% 103,973 $590K
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 — 1 quarter in a row: For 1 consecutive quarter, 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?

Slight buying edge — 50% buying: Last quarter: 136 funds bought or added vs 136 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for LZ holders?

Strong quality — 22% AUM from major funds: 44 of 237 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held LZ?

52% of holders stayed for 2+ years: 125 out of 240 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.

Is it too late to buy Legalzoom Com Inc (LZ) following the 2026 Q1 hedge fund 13F filings?

As of today, LZ has moved -7.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLI sector ETF — an outperformance of -12.0%. Since the quarter end (March 31, 2026), LZ has gained -1.8% vs +11.0% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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