Legato Merger Corp III
LEGT
LEGT was delisted on the 9th of June, 2026.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRBC
W.R. Berkley Corp
Greenwich,
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
Boca Raton,
Florida
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$13.1M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$5.09M |
| 3 |
Two Sigma Investments
New York
|
-$4.76M |
| 4 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$3.39M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Walleye Capital
New York
| – | -$670K | -61,580 | Closed |
|
|
RCM
52
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$151K | -13,839 | Closed |
|
53
UBS Group
Zurich,
Switzerland
| – | -$7.41K | -681 | Closed |
|
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.