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LEGT

Legato Merger Corp III
LEGT

Delisted

LEGT was delisted on the 9th of June, 2026.

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47 hedge funds and large institutions have $224M invested in Legato Merger Corp III in 2026 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

2.34% more ownership

Funds ownership: 76.84% → 79.18% (+2.3%)

4% more capital invested

Capital invested by funds: $216M → $224M (+$8.74M)

4% less funds holding

Funds holding: 49 → 47 (-2)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

43% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 14

Holders
47
Holders Change
-2
Holders Change %
-4.08%
% of All Funds
0.58%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.02%
New
5
Increased
8
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WRBC
W.R. Berkley Corp
Connecticut
+$12.5M
2
MSU
Mizuho Securities USA
New York
+$8.84M
3
QL
Quarry LP
New York
+$5.8M
4
HCM
Highbridge Capital Management
New York
+$2.93M
5
MC
Meteora Capital
Florida
+$1.01M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$13.1M
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$5.09M
3
Two Sigma Investments
Two Sigma Investments
New York
-$4.76M
4
WC
Wealthspring Capital
New York
-$3.39M
5
BI
Bulldog Investors
New Jersey
-$1.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$23.5M -$13.1M -1,194,233 -36%
WRBC
2
W.R. Berkley Corp
Connecticut
$16.1M +$12.5M +1,147,470 +360%
AA
3
AQR Arbitrage
Connecticut
$15.2M -$18.2K -1,667 -0.1%
FTCM
4
First Trust Capital Management
Illinois
$14.5M -$20.2K -1,850 -0.1%
Hudson Bay Capital Management
5
Hudson Bay Capital Management
Connecticut
$12.8M +$91.2K +8,346 +0.7%
WC
6
Wealthspring Capital
New York
$12.6M -$3.39M -309,832 -21%
MSU
7
Mizuho Securities USA
New York
$11.4M +$8.84M +808,384 +348%
TCM
8
Tenor Capital Management
New York
$11M – – –
D.E. Shaw & Co
9
D.E. Shaw & Co
New York
$10.9M – – –
HCM
10
Highbridge Capital Management
New York
$7.81M +$2.93M +267,688 +60%
RCM
11
Rivernorth Capital Management
Florida
$7.31M -$1.28M -117,246 -15%
RC
12
RLH Capital
New York
$7.27M +$7.23M +661,580 New
MCM
13
Moore Capital Management
New York
$6.04M – – –
QL
14
Quarry LP
New York
$5.83M +$5.8M +530,626 New
WCMNY
15
Westchester Capital Management (New York)
New York
$5.31M – – –
LA
16
Linden Advisors
New York
$4.95M +$7.19K +658 +0.1%
MC
17
Meteora Capital
Florida
$4.84M +$1.01M +92,389 +27%
AIMCA
18
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$4.4M – – –
PMAM
19
Picton Mahoney Asset Management
Ontario, Canada
$4.4M – – –
RCM
20
Radcliffe Capital Management
Pennsylvania
$3.84M – – –
WAM
21
Wolverine Asset Management
Illinois
$3.36M -$13.1K -1,200 -0.4%
LP
22
LMR Partners
United Kingdom
$3.3M – – –
Deutsche Bank
23
Deutsche Bank
Germany
$2.67M -$547K -50,000 -17%
Millennium Management
24
Millennium Management
New York
$2.35M -$626K -57,237 -21%
LPC
25
Lineage Point Capital
Florida
$2.24M – – –
1
2 3

LEGT Hedge Fund Activity: Q1 2026 in Review

47 of the 8,131 institutional investors tracked by Wall St. Rank reported a position in Legato Merger Corp III (LEGT) for Q1 2026, worth a combined $224M — up 4.1% from $216M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of LEGT and 5 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 8 added.

The largest buyer was W.R. Berkley Corp, adding an estimated $12.5M. The largest seller was Karpus Investment Management, cutting an estimated $13.1M.

  • 47 institutional investors held Legato Merger Corp III (LEGT) as of Q1 2026, down from 49 in Q4 2025.
  • Funds reported $224M of Legato Merger Corp III stock for Q1 2026, up 4.1% quarter-over-quarter.
  • 5 funds opened new Legato Merger Corp III positions in Q1 2026 and 6 closed out, a net change of -1 holder.
  • The largest Legato Merger Corp III buyer in Q1 2026 was W.R. Berkley Corp, an estimated $12.5M added.
  • The largest Legato Merger Corp III seller in Q1 2026 was Karpus Investment Management, an estimated $13.1M sold.

Based on aggregated 13F filings for Q1 2026.