Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in LAW held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Deer Management Co. LLC | 8.7M | $33.1M | 0.0% | 13.492% | 5.31% |
| 2 | Stephens Group, LLC | 7.8M | $29.8M | 0.0% | 12.157% | 17.37% |
| 3 | Topline Capital Management, LLC | 2.6M | $10.0M | -20.9% | 4.090% | 1.66% |
| 4 | BlackRock, Inc. | 1.7M | $6.6M | +0.5% | 2.704% | 0.00% |
| 5 | LAKEWOOD CAPITAL MANAGEMENT, LP | 1.1M | $4.2M | +2.3% | 1.725% | 0.27% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 1.1M | $4.1M | — | 1.663% | 0.00% |
| 7 | Solel Partners LP | 1.0M | $4.0M | 0.0% | 1.629% | 0.85% |
| 8 | FORMULA GROWTH LTD | 800K | $3.1M | +6.7% | 1.247% | 1.38% |
| 9 | DIMENSIONAL FUND ADVISORS LP | 782K | $3.0M | +3.2% | 1.219% | 0.00% |
| 10 | VANGUARD PORTFOLIO MANAGEMENT LLC | 754K | $2.9M | — | 1.176% | 0.00% |
| 11 | AQR CAPITAL MANAGEMENT LLC | 623K | $2.4M | +776.0% | 0.971% | 0.00% |
| 12 | ArrowMark Colorado Holdings LLC | 597K | $2.3M | -15.5% | 0.931% | 0.06% |
| 13 | GEODE CAPITAL MANAGEMENT, LLC | 549K | $2.1M | -0.3% | 0.857% | 0.00% |
| 14 | STATE STREET CORP | 544K | $2.1M | +4.3% | 0.848% | 0.00% |
| 15 | ESSEX INVESTMENT MANAGEMENT CO LLC | 539K | $2.1M | +1.8% | 0.841% | 0.33% |
| 16 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 477K | $1.8M | +216.5% | 0.743% | 0.00% |
| 17 | JACOBS LEVY EQUITY MANAGEMENT, INC | 411K | $1.6M | +150.9% | 0.641% | 0.01% |
| 18 | Nuveen, LLC | 325K | $1.2M | +2.1% | 0.507% | 0.00% |
| 19 | MORGAN STANLEY | 297K | $1.1M | -16.5% | 0.462% | 0.00% |
| 20 | NORTHERN TRUST CORP | 271K | $1.0M | +8.5% | 0.422% | 0.00% |
| 21 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 259K | $988K | 0.0% | 0.403% | 0.02% |
| 22 | Russell Investments Group, Ltd. | 219K | $836K | +640.8% | 0.341% | 0.00% |
| 23 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 212K | $810K | +0.4% | 0.331% | 0.00% |
| 24 | MONETA GROUP INVESTMENT ADVISORS LLC | 204K | $779K | 0.0% | 0.318% | 0.01% |
| 25 | D. E. Shaw & Co., Inc. | 189K | $722K | -34.9% | 0.295% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in LAW — a direct measure of their conviction.
Filings activity in LAW during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 119 | 2.5% | 58.03% | 62.92 pp | $133M | 52% |
| Q4 2025 | 122 | +8.9% | 120.95% | +25.15 pp | $278M | +26% |
| Q3 2025 | 112 | +8.7% | 95.80% | +31.47 pp | $220M | +49% |
| Q2 2025 | 103 | +8.4% | 64.33% | +7.63 pp | $148M | +13% |
| Q1 2025 | 95 | 1.0% | 56.70% | 14.41 pp | $130M | 20% |
| Q4 2024 | 96 | +7.9% | 71.11% | 7.79 pp | $163M | 9.9% |
| Q3 2024 | 89 | +0.0% | 78.90% | 6.90 pp | $181M | 8.0% |
| Q2 2024 | 89 | — | 85.80% | — | $197M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying LAW stock.
Based on Q1 2026 13F filings, institutional ownership of CS Disco, Inc. stands at 58.0%, held across 119 reporting institutions.
Deer Management Co. LLC is the largest reported institutional holder of LAW, with approximately 8,652,826 shares worth $0.03B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of LAW.
Our composite Smart Money Score for LAW is 22 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
26 institutions opened new positions in LAW during Q1 2026, while 29 fully exited. 19 added to existing positions and 72 trimmed.
LAW institutional ownership fell by 62.92 percentage points quarter-over-quarter, with a net change of -3 holders.
The top 10 institutions account for 75.6% of all reported 13F value in LAW, and the top 25 account for 92.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.