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LEGT

Legato Merger Corp III
LEGT

Delisted

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

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42 hedge funds and large institutions have $172M invested in Legato Merger Corp III in 2024 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $164M → $172M (+$8.64M)

2.78% more ownership

Funds ownership: 62.75% → 65.53% (+2.8%)

0% more funds holding

Funds holding: 42 → 42 (0)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

42% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 12

Holders
42
Holders Change
–
Holders Change %
0%
% of All Funds
0.6%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
7
Increased
7
Reduced
12
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$25.7M
2
FTCM
First Trust Capital Management
Illinois
+$15.8M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$2.04M
4
Goldman Sachs
Goldman Sachs
New York
+$1.09M
5
MI
MMCAP International
Cayman Islands
+$1.02M

Top Sellers

Rank Fund Capital Flow
1
KL
KIM LLC
Kansas
-$10.2M
2
CAC
Cowen and Company
New York
-$9.65M
3
Citadel Advisors
Citadel Advisors
Florida
-$5.08M
4
PC
Periscope Capital
Ontario, Canada
-$4.06M
5
Capstone Investment Advisors
Capstone Investment Advisors
New York
-$3.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$35.1M +$25.7M +2,524,216 +275%
FTCM
2
First Trust Capital Management
Illinois
$18.5M +$15.8M +1,556,800 +614%
AA
3
AQR Arbitrage
Connecticut
$16.2M +$932K +91,722 +6%
SIA
4
Schechter Investment Advisors
Michigan
$15.4M -$520K -51,176 -3%
RCM
5
Rivernorth Capital Management
Florida
$8.15M +$724K +71,172 +10%
PC
6
Periscope Capital
Ontario, Canada
$6.12M -$4.06M -399,600 -40%
MCM
7
Moore Capital Management
New York
$5.61M – – –
Hudson Bay Capital Management
8
Hudson Bay Capital Management
Connecticut
$5.1M – – –
Deutsche Bank
9
Deutsche Bank
Germany
$5.03M -$30.5K -3,000 -0.6%
D.E. Shaw & Co
10
D.E. Shaw & Co
New York
$4.82M +$2.04M +200,485 +74%
CA
11
Crossingbridge Advisors
New York
$4.79M -$154K -15,195 -3%
Verition Fund Management
12
Verition Fund Management
Connecticut
$4.5M -$111K -10,927 -2%
Two Sigma Investments
13
Two Sigma Investments
New York
$4.46M – – –
COPPSERS
14
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$4.14M – – –
PMAM
15
Picton Mahoney Asset Management
Ontario, Canada
$4.08M – – –
WCMNY
16
Westchester Capital Management (New York)
New York
$3.91M – – –
CC
17
Centiva Capital
New York
$3.31M – – –
GCL
18
Glazer Capital LLC
New York
$2.77M -$8.18K -805 -0.3%
HIM
19
HGC Investment Management
Ontario, Canada
$2.55M – – –
BI
20
Bulldog Investors
New Jersey
$1.87M -$176K -17,353 -9%
Millennium Management
21
Millennium Management
New York
$1.78M -$20.6K -2,024 -1%
MTCM
22
Mint Tower Capital Management
Netherlands
$1.53M – – –
WRBC
23
W.R. Berkley Corp
Connecticut
$1.52M – – –
SRCM
24
Sage Rock Capital Management
New York
$1.45M – – –
WC
25
Wealthspring Capital
New York
$1.44M -$152K -15,000 -10%
1
2

LEGT Hedge Fund Activity: Q3 2024 in Review

42 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Legato Merger Corp III (LEGT) for Q3 2024, worth a combined $172M — up 5.3% from $164M a quarter earlier.

Fund positioning in LEGT was balanced in Q3 2024: 7 funds opened new positions, 7 closed out, 7 added to existing stakes and 12 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $25.7M. The largest seller was KIM LLC, exiting entirely with an estimated $10.2M sold.

  • 42 institutional investors held Legato Merger Corp III (LEGT) as of Q3 2024, unchanged from Q2 2024.
  • Funds reported $172M of Legato Merger Corp III stock for Q3 2024, up 5.3% quarter-over-quarter.
  • 7 funds opened new Legato Merger Corp III positions in Q3 2024 and 7 closed out, a net change of 0 holders.
  • The largest Legato Merger Corp III buyer in Q3 2024 was Karpus Investment Management, an estimated $25.7M added.
  • The largest Legato Merger Corp III seller in Q3 2024 was KIM LLC, an estimated $10.2M sold.

Based on aggregated 13F filings for Q3 2024.