Legato Merger Corp III
LEGT
LEGT was delisted on the 9th of June, 2026.
42 hedge funds and large institutions have $164M invested in Legato Merger Corp III in 2024 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 1 closing their positions.
3,400% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 1
596% more capital invested
Capital invested by funds: $23.5M → $164M (+$140M)
425% more funds holding
Funds holding: 8 → 42 (+34)
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
53.68% more ownership
Funds ownership: 9.07% → 62.75% (+54%)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
+$15.8M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$15.2M |
| 3 |
KL
KIM LLC
Wichita,
Kansas
|
+$10.2M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$10.1M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$281K |
| 2 |
CS
Clear Street
New York
|
-$159K |
| 3 |
HCM
Highbridge Capital Management
New York
|
-$101K |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$758 |
LEGT Hedge Fund Activity: Q2 2024 in Review
42 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Legato Merger Corp III (LEGT) for Q2 2024, worth a combined $164M — up 596% from $23.5M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new LEGT positions and 1 closed out — a net gain of 34 holders — while 2 added to existing stakes and 3 trimmed.
The largest buyer was Schechter Investment Advisors, opening a new position worth an estimated $15.8M. The largest seller was Fir Tree Capital Management, cutting an estimated $281K.
- 42 institutional investors held Legato Merger Corp III (LEGT) as of Q2 2024, up from 8 in Q1 2024.
- Funds reported $164M of Legato Merger Corp III stock for Q2 2024, up 596% quarter-over-quarter.
- 35 funds opened new Legato Merger Corp III positions in Q2 2024 and 1 closed out, a net change of +34 holders.
- The largest Legato Merger Corp III buyer in Q2 2024 was Schechter Investment Advisors, an estimated $15.8M added.
- The largest Legato Merger Corp III seller in Q2 2024 was Fir Tree Capital Management, an estimated $281K sold.
Based on aggregated 13F filings for Q2 2024.