Legato Merger Corp III
LEGT
LEGT was delisted on the 9th of June, 2026.
45 hedge funds and large institutions have $207M invested in Legato Merger Corp III in 2025 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 6 closing their positions.
1.48% more ownership
Funds ownership: 73.83% → 75.31% (+1.5%)
4% more capital invested
Capital invested by funds: $200M → $207M (+$7.65M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
2% less funds holding
Funds holding: 46 → 45 (-1)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$14.7M |
| 2 |
TCM
Tenor Capital Management
New York
|
+$10.2M |
| 3 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$4.24M |
| 4 |
MSU
Mizuho Securities USA
New York
|
+$2.48M |
| 5 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.62M |
| 2 |
CC
Centiva Capital
New York
|
-$3.41M |
| 3 |
CA
Crossingbridge Advisors
Pleasantville,
New York
|
-$2.62M |
| 4 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$2.62M |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
-$1.79M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| – | -$40.8K | -3,890 | Closed |
|
LEGT Hedge Fund Activity: Q2 2025 in Review
45 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Legato Merger Corp III (LEGT) for Q2 2025, worth a combined $207M — up 3.8% from $200M a quarter earlier.
Fund positioning in LEGT was balanced in Q2 2025: 6 funds opened new positions, 6 closed out, 7 added to existing stakes and 9 trimmed.
The largest buyer was Wealthspring Capital, adding an estimated $14.7M. The largest seller was Karpus Investment Management, cutting an estimated $3.62M.
- 45 institutional investors held Legato Merger Corp III (LEGT) as of Q2 2025, down from 46 in Q1 2025.
- Funds reported $207M of Legato Merger Corp III stock for Q2 2025, up 3.8% quarter-over-quarter.
- 6 funds opened new Legato Merger Corp III positions in Q2 2025 and 6 closed out, a net change of 0 holders.
- The largest Legato Merger Corp III buyer in Q2 2025 was Wealthspring Capital, an estimated $14.7M added.
- The largest Legato Merger Corp III seller in Q2 2025 was Karpus Investment Management, an estimated $3.62M sold.
Based on aggregated 13F filings for Q2 2025.