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-Q1 13F filings (latest filed 2026-05-18). 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
The tracked-fund tape on LAW is one-sided between 2025-Q4 and 2026-Q1: 9 added or opened and 40 trimmed or exited — on balance reducing.
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 5.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.3pp 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 2025-Q4 and 2026-Q1, across 122 tracked filers holding LAW, 75 increased or opened the position and 56 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 2025-Q4 and 2026-Q1 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 3
- VANGUARD CAPITAL MANAGEMENT LLC$4M
- VANGUARD PORTFOLIO MANAGEMENT LLC$3M
- VANGUARD FIDUCIARY TRUST CO$664K
Full exits 9
- VANGUARD GROUP INC$15M
- First Eagle Investment Management, LLC$3M
- CITADEL ADVISORS LLC$2M
- Informed Momentum Co LLC$1M
- JANE STREET GROUP, LLC$733K
- G2 Investment Partners Management LLC$660K
Largest adds
- NORGES BANK$3M
- AQR CAPITAL MANAGEMENT LLC$2M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$652K
- Russell Investments Group, Ltd.$606K
- JACOBS LEVY EQUITY MANAGEMENT, INC$299K
- UBS Group AG$276K
Largest trims
- Deer Management Co. LLC$34M
- Stephens Group, LLC$31M
- Topline Capital Management, LLC$16M
- BlackRock, Inc.$7M
- LAKEWOOD CAPITAL MANAGEMENT, LP$4M
- Solel Partners LP$4M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Deer Management Co. LLC | 8,652,826 | $33M | 19.2% | 2026-Q1 |
| Stephens Group, LLC | 7,796,632 | $30M | 17.3% | 2026-Q1 |
| Topline Capital Management, LLC trimmed | 2,623,114 | $10M | 5.8% | 2026-Q1 |
| NORGES BANK added | 1,774,256 | $7M | 4.2% | 2026-Q1 |
| BlackRock, Inc. added | 1,734,441 | $7M | 3.9% | 2026-Q1 |
| LAKEWOOD CAPITAL MANAGEMENT, LP added | 1,106,531 | $4M | 2.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,066,620 | $4M | 2.4% | 2026-Q1 |
| Solel Partners LP | 1,044,444 | $4M | 2.3% | 2026-Q1 |
| FORMULA GROWTH LTD added | 800,000 | $3M | 1.8% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 782,025 | $3M | 1.7% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 754,353 | $3M | 1.7% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 617,403 | $2M | 1.4% | 2026-Q1 |
| ArrowMark Colorado Holdings LLC trimmed | 596,976 | $2M | 1.3% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 549,483 | $2M | 1.2% | 2026-Q1 |
| STATE STREET CORP added | 544,122 | $2M | 1.2% | 2026-Q1 |
| ESSEX INVESTMENT MANAGEMENT CO LLC added | 539,314 | $2M | 1.2% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 476,752 | $2M | 1.1% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 476,091 | $2M | 1.1% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 410,894 | $2M | 0.9% | 2026-Q1 |
| Nuveen, LLC added | 325,287 | $1M | 0.7% | 2026-Q1 |
| MORGAN STANLEY trimmed | 296,596 | $1M | 0.7% | 2026-Q1 |
| NORTHERN TRUST CORP added | 270,795 | $1M | 0.6% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 258,652 | $988K | 0.6% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 218,742 | $836K | 0.5% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 212,129 | $810K | 0.5% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC | 203,886 | $779K | 0.5% | 2026-Q1 |
| SEI INVESTMENTS CO added | 185,435 | $708K | 0.4% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 176,064 | $673K | 0.4% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 173,905 | $664K | 0.4% | 2026-Q1 |
| Legato Capital Management LLC trimmed | 168,921 | $645K | 0.4% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 166,552 | $636K | 0.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 157,536 | $602K | 0.3% | 2026-Q1 |
| GSA CAPITAL PARTNERS LLP added | 154,762 | $591K | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 151,796 | $581K | 0.3% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 137,764 | $526K | 0.3% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 130,356 | $498K | 0.3% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. | 57,040 | $443K | 0.3% | 2026-Q1 |
| Matthew Goff Investment Advisor, LLC | 107,019 | $409K | 0.2% | 2026-Q1 |
| UBS Group AG added | 103,587 | $396K | 0.2% | 2026-Q1 |
| XTX Topco Ltd added | 92,409 | $353K | 0.2% | 2026-Q1 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC added | 91,493 | $350K | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 84,854 | $324K | 0.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 84,244 | $322K | 0.2% | 2026-Q1 |
| STRS OHIO | 66,900 | $256K | 0.1% | 2026-Q1 |
| Quantinno Capital Management LP added | 59,806 | $228K | 0.1% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 59,077 | $226K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 49,462 | $189K | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC | 44,699 | $171K | 0.1% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 38,259 | $146K | 0.1% | 2026-Q1 |
| Corient Private Wealth LLC added | 36,848 | $141K | 0.1% | 2026-Q1 |
| IEQ CAPITAL, LLC new | 36,195 | $138K | 0.1% | 2026-Q1 |
| PRELUDE CAPITAL MANAGEMENT, LLC added | 34,953 | $134K | 0.1% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 33,699 | $129K | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 30,491 | $116K | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 29,502 | $113K | 0.1% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 27,736 | $106K | 0.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 26,015 | $99K | 0.1% | 2026-Q1 |
| ALGERT GLOBAL LLC added | 23,770 | $91K | 0.1% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 22,735 | $87K | 0.1% | 2026-Q1 |
| Williams & Novak, LLC added | 21,858 | $83K | 0.0% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 19,141 | $73K | 0.0% | 2026-Q1 |
| FMR LLC added | 18,839 | $72K | 0.0% | 2026-Q1 |
| BARCLAYS PLC trimmed | 18,046 | $69K | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 15,884 | $61K | 0.0% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 15,571 | $60K | 0.0% | 2026-Q1 |
| CWM, LLC added | 15,412 | $59K | 0.0% | 2026-Q1 |
| Mariner, LLC added | 15,282 | $58K | 0.0% | 2026-Q1 |
| VANGUARD GROUP INC added | 1,973,365 | $15M | 8.9% | 2025-Q4 stale |
| First Eagle Investment Management, LLC added | 328,719 | $3M | 1.5% | 2025-Q4 stale |
| FRANKLIN RESOURCES INC trimmed | 499,115 | $2M | 1.3% | 2025-Q2 stale |
| CITADEL ADVISORS LLC added | 228,476 | $2M | 1.0% | 2025-Q4 stale |
| Informed Momentum Co LLC new | 139,279 | $1M | 0.6% | 2025-Q4 stale |
| JANE STREET GROUP, LLC added | 94,504 | $733K | 0.4% | 2025-Q4 stale |
| G2 Investment Partners Management LLC new | 85,013 | $660K | 0.4% | 2025-Q4 stale |
| ZACKS INVESTMENT MANAGEMENT added | 84,286 | $654K | 0.4% | 2025-Q4 stale |
| Campbell & CO Investment Adviser LLC added | 71,882 | $558K | 0.3% | 2025-Q4 stale |
| Focus Partners Wealth new | 2,533 | $545K | 0.3% | 2025-Q3 stale |
| TWO SIGMA ADVISERS, LP added | 66,400 | $515K | 0.3% | 2025-Q4 stale |
| LAZARD ASSET MANAGEMENT LLC new | 54,263 | $421K | 0.2% | 2025-Q4 stale |
| Whetstone Capital Advisors, LLC trimmed | 79,567 | $348K | 0.2% | 2025-Q2 stale |
| Trexquant Investment LP added | 34,857 | $270K | 0.2% | 2025-Q4 stale |
| EntryPoint Capital, LLC new | 24,249 | $188K | 0.1% | 2025-Q4 stale |
| Polymer Capital Management (US) LLC new | 24,152 | $187K | 0.1% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC trimmed | 28,347 | $183K | 0.1% | 2025-Q3 stale |
| HRT FINANCIAL LP added | 35,334 | $154K | 0.1% | 2025-Q2 stale |
| MetLife Investment Management, LLC trimmed | 14,918 | $116K | 0.1% | 2025-Q4 stale |
| Quadrature Capital Ltd new | 17,231 | $112K | 0.1% | 2025-Q3 stale |
| Verition Fund Management LLC trimmed | 11,998 | $93K | 0.1% | 2025-Q4 stale |
| Cetera Investment Advisers added | 22,451 | $92K | 0.1% | 2025-Q1 stale |
| PDT Partners, LLC trimmed | 11,817 | $92K | 0.1% | 2025-Q4 stale |
| R Squared Ltd trimmed | 11,793 | $92K | 0.1% | 2025-Q4 stale |
| Graham Capital Management, L.P. trimmed | 13,759 | $89K | 0.1% | 2025-Q3 stale |
| MIRABELLA FINANCIAL SERVICES LLP new | 11,025 | $86K | 0.0% | 2025-Q4 stale |
| SHERBROOKE PARK ADVISERS LLC trimmed | 12,793 | $83K | 0.0% | 2025-Q3 stale |
| STATE OF WISCONSIN INVESTMENT BOARD added | 18,783 | $82K | 0.0% | 2025-Q2 stale |
| CANADA PENSION PLAN INVESTMENT BOARD new | 10,500 | $81K | 0.0% | 2025-Q4 stale |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 10,394 | $66K | 0.0% | 2025-Q4 stale |
| INTECH INVESTMENT MANAGEMENT LLC trimmed | 14,502 | $63K | 0.0% | 2025-Q2 stale |
| Pilgrim Partners Asia Pte Ltd trimmed | 9,600 | $62K | 0.0% | 2025-Q3 stale |
| Corebridge Financial, Inc. trimmed | 14,243 | $58K | 0.0% | 2025-Q1 stale |
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.