Who owns LAW
Which tracked institutional funds hold LAW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LAW company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
10 tracked funds added or opened LAW while 13 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
LAW’s largest tracked holder by dollar value, Deer Management Co. LLC, sizes it at 4.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 4.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in LAW divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 117 tracked filers holding LAW, 62 increased or opened the position and 55 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in LAW between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 2
- Squarepoint Ops LLC$629K
- LAVELLE CAPITAL LP$511K
Full exits 6
- ArrowMark Colorado Holdings LLC$2M
- ESSEX INVESTMENT MANAGEMENT CO LLC$2M
- ACADIAN ASSET MANAGEMENT LLC$2M
- SEI INVESTMENTS CO$708K
- Legato Capital Management LLC$645K
- GSA CAPITAL PARTNERS LLP$591K
Largest adds
- AQR CAPITAL MANAGEMENT LLC$1M
- BlackRock, Inc.$992K
- JACOBS LEVY EQUITY MANAGEMENT, INC$897K
- BNP PARIBAS FINANCIAL MARKETS$637K
- GEODE CAPITAL MANAGEMENT, LLC$526K
- Solel Partners LP$501K
Largest trims
- NORGES BANK$5M
- Topline Capital Management, LLC$4M
- DIMENSIONAL FUND ADVISORS LP$448K
- Nuveen, LLC$375K
- Deer Management Co. LLC$346K
- Stephens Group, LLC$312K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Deer Management Co. LLC | 8,652,826 | $33M | 25.0% | 2026-Q2 |
| Stephens Group, LLC | 7,796,632 | $29M | 22.6% | 2026-Q2 |
| BlackRock, Inc. added | 2,015,188 | $8M | 5.8% | 2026-Q2 |
| Topline Capital Management, LLC trimmed | 1,466,665 | $6M | 4.2% | 2026-Q2 |
| Solel Partners LP added | 1,187,945 | $4M | 3.4% | 2026-Q2 |
| LAKEWOOD CAPITAL MANAGEMENT, LP | 1,106,531 | $4M | 3.2% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 1,083,315 | $4M | 3.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 901,256 | $3M | 2.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 810,548 | $3M | 2.3% | 2026-Q2 |
| FORMULA GROWTH LTD | 800,000 | $3M | 2.3% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 694,388 | $3M | 2.0% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 671,732 | $3M | 1.9% | 2026-Q2 |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 652,578 | $2M | 1.9% | 2026-Q2 |
| NORGES BANK trimmed | 547,947 | $2M | 1.6% | 2026-Q2 |
| STATE STREET CORP added | 547,624 | $2M | 1.6% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 495,852 | $2M | 1.4% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 307,539 | $1M | 0.9% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 283,252 | $1M | 0.8% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 266,337 | $1M | 0.8% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 237,898 | $899K | 0.7% | 2026-Q2 |
| Nuveen, LLC trimmed | 229,484 | $867K | 0.7% | 2026-Q2 |
| MORGAN STANLEY trimmed | 224,689 | $849K | 0.7% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 207,280 | $784K | 0.6% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC | 203,886 | $771K | 0.6% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 192,371 | $727K | 0.6% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 180,473 | $682K | 0.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 169,612 | $641K | 0.5% | 2026-Q2 |
| Squarepoint Ops LLC added | 166,333 | $629K | 0.5% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 164,908 | $623K | 0.5% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 148,496 | $561K | 0.4% | 2026-Q2 |
| LAVELLE CAPITAL LP new | 135,136 | $511K | 0.4% | 2026-Q2 |
| FMR LLC added | 118,893 | $449K | 0.3% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 118,226 | $447K | 0.3% | 2026-Q2 |
| Matthew Goff Investment Advisor, LLC | 107,019 | $405K | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 96,023 | $363K | 0.3% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 94,888 | $359K | 0.3% | 2026-Q2 |
| UBS Group AG trimmed | 92,124 | $348K | 0.3% | 2026-Q2 |
| STRS OHIO added | 81,700 | $309K | 0.2% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 80,900 | $306K | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 75,463 | $285K | 0.2% | 2026-Q2 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 66,937 | $253K | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 64,337 | $243K | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 59,015 | $223K | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. | 57,040 | $218K | 0.2% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 53,490 | $202K | 0.2% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 48,281 | $183K | 0.1% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL new | 44,477 | $168K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 41,065 | $155K | 0.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 39,857 | $151K | 0.1% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 35,824 | $135K | 0.1% | 2026-Q2 |
| PRELUDE CAPITAL MANAGEMENT, LLC added | 35,733 | $135K | 0.1% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 33,735 | $128K | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 31,373 | $119K | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 29,680 | $112K | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC new | 29,448 | $111K | 0.1% | 2026-Q2 |
| ALGERT GLOBAL LLC added | 28,120 | $106K | 0.1% | 2026-Q2 |
| Mariner, LLC added | 28,070 | $106K | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP trimmed | 25,122 | $95K | 0.1% | 2026-Q2 |
| EntryPoint Capital, LLC trimmed | 23,342 | $88K | 0.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 21,985 | $83K | 0.1% | 2026-Q2 |
| Williams & Novak, LLC added | 21,925 | $83K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC new | 21,855 | $84K | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 19,805 | $75K | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 18,691 | $71K | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 17,457 | $66K | 0.1% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 17,230 | $65K | 0.0% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 15,571 | $59K | 0.0% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 15,316 | $58K | 0.0% | 2026-Q2 |
| Invesco Ltd. added | 14,966 | $57K | 0.0% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec | 14,966 | $57K | 0.0% | 2026-Q2 |
| nVerses Capital, LLC added | 14,649 | $55K | 0.0% | 2026-Q2 |
| Vanguard Personalized Indexing Management, LLC added | 14,487 | $55K | 0.0% | 2026-Q2 |
| Abel Hall, LLC trimmed | 14,230 | $54K | 0.0% | 2026-Q2 |
| Graham Capital Management, L.P. trimmed | 13,746 | $52K | 0.0% | 2026-Q2 |
| OCCUDO QUANTITATIVE STRATEGIES LP | 13,369 | $51K | 0.0% | 2026-Q2 |
| CITIGROUP INC added | 13,247 | $50K | 0.0% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 13,051 | $49K | 0.0% | 2026-Q2 |
| Brevan Howard Capital Management LP added | 12,534 | $47K | 0.0% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 9,177 | $35K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 8,200 | $31K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 5,911 | $22K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 5,397 | $20K | 0.0% | 2026-Q2 |
| Arax Advisory Partners added | 4,731 | $18K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 3,987 | $15K | 0.0% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 3,593 | $14K | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. trimmed | 2,464 | $9K | 0.0% | 2026-Q2 |
| Legal & General Group Plc | 2,107 | $8K | 0.0% | 2026-Q2 |
| Ameritas Investment Partners, Inc. | 1,668 | $6K | 0.0% | 2026-Q2 |
| Allworth Financial LP added | 1,393 | $5K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 1,385 | $5K | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 1,300 | $5K | 0.0% | 2026-Q2 |
| CHAPMAN FINANCIAL GROUP, LLC | 1,000 | $4K | 0.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 990 | $4K | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC trimmed | 706 | $3K | 0.0% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 500 | $2K | 0.0% | 2026-Q2 |
| Essential Partners LLC trimmed | 387 | $1K | 0.0% | 2026-Q2 |
| True Wealth Design, LLC added | 381 | $1K | 0.0% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 378 | $1K | 0.0% | 2026-Q2 |
| ROTHSCHILD INVESTMENT LLC trimmed | 300 | $1K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 246 | $930 | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.