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LEGT

Legato Merger Corp III
LEGT

Delisted

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

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46 hedge funds and large institutions have $200M invested in Legato Merger Corp III in 2025 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.96% more ownership

Funds ownership: 71.87% → 73.83% (+2%)

5% more capital invested

Capital invested by funds: $191M → $200M (+$9.01M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 48 → 46 (-2)

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

55% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 11

Holders
46
Holders Change
-2
Holders Change %
-4.17%
% of All Funds
0.62%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
3
Increased
5
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
+$4.67M
2
WAM
Wolverine Asset Management
Illinois
+$3.38M
3
KIM
Karpus Investment Management
New York
+$1.1M
4
SSA
Schonfeld Strategic Advisors
New York
+$623K
5
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$619K

Top Sellers

Rank Fund Capital Flow
1
CA
Crossingbridge Advisors
New York
-$2.29M
2
AA
AQR Arbitrage
Connecticut
-$831K
3
FTCM
Fir Tree Capital Management
New York
-$616K
4
PC
Periscope Capital
Ontario, Canada
-$519K
5
BI
Bulldog Investors
New Jersey
-$328K
Name Holding Trade Value Shares
Change 		Change in
Stake
BI
26
Bulldog Investors
New Jersey
$1.87M -$328K -31,545 -15%
Millennium Management
27
Millennium Management
New York
$1.84M – – –
Goldman Sachs
28
Goldman Sachs
New York
$1.71M – – –
SSA
29
Schonfeld Strategic Advisors
New York
$1.68M +$623K +60,000 +60%
MTCM
30
Mint Tower Capital Management
Netherlands
$1.57M – – –
WRBC
31
W.R. Berkley Corp
Connecticut
$1.56M – – –
MI
32
MMCAP International
Cayman Islands
$1.05M – – –
PAMP
33
Polar Asset Management Partners
Ontario, Canada
$1.05M – – –
WC
34
Wealthspring Capital
New York
$902K -$158K -15,222 -15%
MC
35
Meteora Capital
Florida
$835K -$186K -17,957 -18%
MSU
36
Mizuho Securities USA
New York
$471K +$470K +45,250 New
TCM
37
Tenor Capital Management
New York
$420K – – –
KC
38
Kepos Capital
New York
$315K – – –
DWM
39
Dakota Wealth Management
Florida
$253K – – –
TI
40
TrueMark Investments
Illinois
$210K – – –
Citadel Advisors
41
Citadel Advisors
Florida
$190K +$54.5K +5,247 +41%
EWM
42
Evercore Wealth Management
New York
$150K – – –
KPF
43
K2 Principal Fund
Ontario, Canada
$145K +$143K +13,798 New
RCM
44
Robinson Capital Management
Michigan
$119K -$101K -9,752 -46%
US Bancorp
45
US Bancorp
Minnesota
$40.8K -$12.6K -1,210 -24%
UBS Group
46
UBS Group
Switzerland
$7.34K – – –
FTCM
47
Fir Tree Capital Management
New York
– -$616K -59,900 Closed
VF
48
Virtu Financial
New York
– -$259K -25,208 Closed
FTUS
49
Flow Traders U.S.
New York
– -$118K -11,469 Closed
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
– -$12K -1,191 Closed
1
2
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LEGT Hedge Fund Activity: Q1 2025 in Review

46 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Legato Merger Corp III (LEGT) for Q1 2025, worth a combined $200M — up 4.7% from $191M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of LEGT and 3 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 5 added.

The largest buyer was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, opening a new position worth an estimated $4.67M. The largest seller was Crossingbridge Advisors, cutting an estimated $2.29M.

  • 46 institutional investors held Legato Merger Corp III (LEGT) as of Q1 2025, down from 48 in Q4 2024.
  • Funds reported $200M of Legato Merger Corp III stock for Q1 2025, up 4.7% quarter-over-quarter.
  • 3 funds opened new Legato Merger Corp III positions in Q1 2025 and 5 closed out, a net change of -2 holders.
  • The largest Legato Merger Corp III buyer in Q1 2025 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $4.67M added.
  • The largest Legato Merger Corp III seller in Q1 2025 was Crossingbridge Advisors, an estimated $2.29M sold.

Based on aggregated 13F filings for Q1 2025.