LegalZoom.com, Inc.

LZ • NASDAQ

LegalZoom.com, Inc. is a specialty business services company in the industrials sector on NASDAQ, led by Jeffrey Stibel, with a market cap of $1.8B. As of Q3 2025, 89% of shares are held by 232 institutional investors, with Francisco Partners Management, LP as the largest holder at 15.88%.

CEOJeffrey Stibel

Market Cap$1.8B

Specialty Business Services

Industrials

Employees1.2K

Websitelegalzoom.com

Country

United States of America

Overview

Overview of institutional ownership in LZ as of Q3 2025 with a market cap of $1.9B

All Institutions

Institutions: 232
Value Held: $1.7B
Shares Held: 160.1M
Avg Position: $7.2M
Median Position: $560.6K

Hedge Funds

Hedge Funds: 39
Value Held: $241.8M
Shares Held: 23.3M
Avg Position: $6.2M
Median Position: $1.2M

Ownership Breakdown

Institutional (non-HF)

75.9%

$1.4B

Hedge Funds

12.92%

$241.8M

Retail & Other

11.17%

$209.0M

Based on market cap of $1.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in LZ as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Francisco Partners Management, LP Private Equity	Dipanjan (Nmn) Deb CEO	$297.1M 51.81% of portfolio	15.88% 28.6M shares	Q2 2021 Held for 4y 5m	$573.5M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$208.3M 0.00% of portfolio	11.14% 20.1M shares	Q2 2021 Held for 4y 5m	$6.69T
T Technology Crossover Management IX, Ltd. Institution	-	$170.2M 13.42% of portfolio	9.10% 16.4M shares	Q2 2021 Held for 4y 5m	$1.3B
B BlackRock, Inc. Institution	-	$116.7M 0.00% of portfolio	6.24% 11.2M shares	Q2 2021 Held for 4y 5m	$5.67T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$55.1M 0.07% of portfolio	2.95% 5.3M shares	Q4 2021 Held for 3y 11m	$75.8B
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$45.8M 0.03% of portfolio	2.45% 4.4M shares	Q4 2023 Held for 1y 11m	$158.92B
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$34.5M 0.01% of portfolio	1.85% 3.3M shares	Q3 2021 Held for 4y 2m	$395.36B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$30.0M 0.00% of portfolio	1.60% 2.9M shares	Q2 2021 Held for 4y 5m	$1.57T
J JANE STREET GROUP, LLC Institution	-	$28.3M 0.03% of portfolio	1.51% 2.7M shares	Q2 2021 Held for 4y 5m	$84.1B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$27.8M 0.01% of portfolio	1.49% 2.7M shares	Q2 2023 Held for 2y 5m	$466.32B

Net Capital Flow

Institutional buying and selling activity for LZ in Q3 2025

Traded: +$110.2M
Buyers: 134
Sellers: 105
Total Bought: +$233.2M
Total Sold: −$122.9M
Avg Position: $6.2M

Biggest Buyers

Institution	Net Bought	Current Position
J JANE STREET GROUP, LLC Institution	+$27.1M +2.6M shares	$28.3M 2.7M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$24.7M +2.4M shares	$25.4M 2.5M shares
Robeco Investment Management, Inc. Long Only Manager	+$20.7M +2.0M shares	$20.7M 2.0M shares
NEUMEIER POMA INVESTMENT COUNSEL LLC Long Only Manager	+$18.1M +1.7M shares	$18.1M 1.7M shares
D D. E. Shaw & Co., Inc. Institution	+$14.0M +1.3M shares	$17.9M 1.7M shares
HENDERSON GROUP PLC Institution	+$9.4M +900.9K shares	$12.4M 1.2M shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	+$8.9M +859.6K shares	$11.2M 1.1M shares
JPMORGAN CHASE & CO Institution	+$8.5M +817.5K shares	$22.5M 2.2M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$7.9M +758.4K shares	$45.8M 4.4M shares
C Cubist Systematic Strategies, LLC Institution	+$6.6M +634.6K shares	$7.9M 756.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
Hawk Ridge Management LLC Hedge Fund•Long/Short	−$21.6M −2.1M shares	$5.1M 494.8K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$14.1M −1.4M shares	$8.8M 843.8K shares
UBS Group AG Institution	−$8.3M −804.2K shares	$3.4M 326.5K shares
VANGUARD GROUP INC Institution	−$7.5M −718.1K shares	$208.3M 20.1M shares
HARBOR CAPITAL ADVISORS, INC. ETF Provider	−$6.1M −588.4K shares	$3.5M 339.8K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$6.1M −585.7K shares	$5.1M 495.3K shares
N Nuveen, LLC Institution	−$5.9M −564.2K shares	$15.2M 1.5M shares
J Jump Financial, LLC Institution	−$4.8M −539.2K shares	Sold Off 0 shares
Ararat Capital Management, LP Hedge Fund•Long/Short	−$4.4M −422.1K shares	$17.8M 1.7M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$3.3M −317.7K shares	$634.2K 61.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited LZ in Q3 2025

New Positions: 21
New Value: $27.0M
Exited Positions: 33
Exited Value: $20.3M

New Positions

Institution	Position Value
NEUMEIER POMA INVESTMENT COUNSEL LLC Long Only Manager	$18.1M 1.7M shares
R RICE HALL JAMES & ASSOCIATES, LLC Long Only Manager	$3.4M 327.2K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$1.7M 160.7K shares
Round Rock Advisors, LLC RIA/Wealth	$1.0M 98.1K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$676.8K 65.2K shares
W Winton Capital Group Ltd Institution	$477.5K 46.0K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$221.7K 21.4K shares
H Horizon Investment Services, LLC RIA/Wealth	$219.7K 21.2K shares
C CAPITAL ADVISORS INC/OK Institution	$194.6K 18.8K shares
U U.S. Capital Wealth Advisors, LLC RIA/Wealth	$165.4K 15.9K shares

Exited Positions

Institution	Previous Position
J Jump Financial, LLC Institution	$4.8M 539.2K shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC Hedge Fund•Distressed	$2.8M 318.4K shares
B Brevan Howard Capital Management LP Institution	$1.8M 200.0K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$1.4M 157.5K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$1.2M 134.8K shares
C CAXTON ASSOCIATES LLP Institution	$988.1K 110.9K shares
P potrero capital research llc Hedge Fund•Long/Short	$891.0K 100.0K shares
S SIMPLEX TRADING, LLC Institution	$819.2K 91.9K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$727.7K 81.7K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$602.4K 67.6K shares

Options Activity

Institutions with the largest Call and Put options positions in LZ as of Q3 2025

Call Positions: 6
Call Value: $10.2M
Put Positions: 3
Put Value: $1.7M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.1M 5.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.3M 2.2K contracts
J JANE STREET GROUP, LLC Institution	$1.2M 1.1K contracts
W WOLVERINE TRADING, LLC Institution	$493.2K 451.0 contracts
Walleye Trading LLC RIA/Wealth	$117.3K 113.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.4M 1.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$224.2K 216.0 contracts
Walleye Trading LLC RIA/Wealth	$51.9K 50.0 contracts

Most Committed Institutions

Institutions with LZ as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Francisco Partners Management, LP Private Equity	Dipanjan (Nmn) Deb CEO	51.81% $297.1M	15.88% 28.6M shares	Q2 2021 Held for 4y 5m	$573.5M
T Technology Crossover Management IX, Ltd. Institution	-	13.42% $170.2M	9.10% 16.4M shares	Q2 2021 Held for 4y 5m	$1.3B
Ararat Capital Management, LP Hedge Fund•Long/Short	Raffi Charles Tokatlian Managing Partner	9.00% $17.8M	0.95% 1.7M shares	Q1 2022 Held for 3y 8m	$197.8M
Tabor Asset Management, LP Hedge Fund•Long/Short	Ankur Jain President	7.77% $12.8M	0.69% 1.2M shares	Q2 2023 Held for 2y 5m	$165.0M
H HILLMAN CO Institution	-	3.87% $12.5M	0.67% 1.2M shares	Q4 2021 Held for 3y 11m	$323.9M
Avory & Company, LLC RIA/Wealth	Sean Nmn Emory Managing Partner	2.35% $3.9M	0.21% 376.4K shares	Q1 2025 Held for 8 months	$166.0M
Mainstream Capital Management LLC RIA/Wealth	Dixon Karmindro Managing Partner	1.55% $2.3M	0.12% 225.0K shares	Q3 2024 Held for 1y 2m	$150.4M
K Kazazian Asset Management, LLC Hedge Fund•Long/Short	George Nanidzhanyan Managing Partner	1.50% $1.2M	0.07% 119.3K shares	Q4 2024 Held for 11 months	$82.7M
NEUMEIER POMA INVESTMENT COUNSEL LLC Long Only Manager	Brian David Poma CEO	1.48% $18.1M	0.97% 1.7M shares	Q3 2025 Held for 2 months	$1.2B
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Long Only Manager	Andrew John Matysik CEO	1.29% $22.1M	1.18% 2.1M shares	Q1 2025 Held for 8 months	$1.7B