Legato Merger Corp III
LEGT
LEGT was delisted on the 9th of June, 2026.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$4.67M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$3.38M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.1M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
+$623K |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$619K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Crossingbridge Advisors
Pleasantville,
New York
|
-$2.29M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$831K |
| 3 |
FTCM
Fir Tree Capital Management
New York
|
-$616K |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$519K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$328K |
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.