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LEGT.U

Legato Merger Corp III Units
LEGT.U

Delisted

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

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16 hedge funds and large institutions have $25M invested in Legato Merger Corp III Units in 2024 Q2 according to their latest regulatory filings, with 0 funds opening new positions, increasing their positions, 6 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

66.65% less ownership

Funds ownership: 78.54% → 11.89% (-67%)

69% less funds holding

Funds holding: 52 → 16 (-36)

85% less capital invested

Capital invested by funds: $165M → $25M (-$140M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 36

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 6

Holders
16
Holders Change
-36
Holders Change %
-69.23%
% of All Funds
0.23%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
–
Increased
–
Reduced
6
Closed
36
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

No buyers this quarter

Top Sellers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
-$15.2M
2
KL
KIM LLC
Kansas
-$12.2M
3
PC
Periscope Capital
Ontario, Canada
-$10.1M
4
RCM
Rivernorth Capital Management
Florida
-$7.4M
5
SCM
Shaolin Capital Management
Florida
-$6.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
Capstone Investment Advisors
26
Capstone Investment Advisors
New York
– -$4.05M -400,000 Closed
KC
27
Kepos Capital
New York
– -$4.05M -400,000 Closed
PMAM
28
Picton Mahoney Asset Management
Ontario, Canada
– -$4.05M -400,000 Closed
PAMP
29
Polar Asset Management Partners
Ontario, Canada
– -$4.05M -400,000 Closed
WCMNY
30
Westchester Capital Management (New York)
New York
– -$3.88M -383,161 Closed
SIA
31
Schechter Investment Advisors
Michigan
– -$3.88M -382,502 Closed
COPPSERS
32
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
– -$3.55M -350,000 Closed
CC
33
Centiva Capital
New York
– -$3.3M -325,000 Closed
EAM
34
Exos Asset Management
New York
– -$3.29M -325,000 Closed
D.E. Shaw & Co
35
D.E. Shaw & Co
New York
– -$2.76M -272,200 Closed
BI
36
Bulldog Investors
New Jersey
– -$2.67M -263,317 Closed
FTCM
37
First Trust Capital Management
Illinois
– -$2.61M -257,169 Closed
MSU
38
Mizuho Securities USA
New York
– -$2.55M -253,409 Closed
CA
39
Crossingbridge Advisors
New York
– -$2.53M -250,000 Closed
HIM
40
HGC Investment Management
Ontario, Canada
– -$2.53M -250,000 Closed
QL
41
Quarry LP
New York
– -$2.03M -200,000 Closed
SC
42
Sculptor Capital
New York
– -$2.03M -200,000 Closed
MTCM
43
Mint Tower Capital Management
Netherlands
– -$1.52M -150,000 Closed
FSI
44
Flow State Investments
Illinois
– -$1.17M -115,000 Closed
CCM
45
Context Capital Management
California
– -$1.01M -100,000 Closed
KPF
46
K2 Principal Fund
Ontario, Canada
– -$1.01M -100,000 Closed
Parallax Volatility Advisers
47
Parallax Volatility Advisers
California
– -$1.01M -100,000 Closed
SFM
48
Spartan Fund Management
Canada
– -$1.01M -100,000 Closed
Toronto Dominion Bank
49
Toronto Dominion Bank
Ontario, Canada
– -$507K -50,000 Closed
TCM
50
Tenor Capital Management
New York
– -$405K -40,000 Closed
1
2
3

LEGT.U Hedge Fund Activity: Q2 2024 in Review

16 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Legato Merger Corp III Units (LEGT.U) for Q2 2024, worth a combined $25M — down 85% from $165M a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of LEGT.U and 0 opened new positions — a net loss of 36 holders — while 6 trimmed existing stakes and 0 added.

The largest seller was AQR Arbitrage, exiting entirely with an estimated $15.2M sold.

  • 16 institutional investors held Legato Merger Corp III Units (LEGT.U) as of Q2 2024, down from 52 in Q1 2024.
  • Funds reported $25M of Legato Merger Corp III Units stock for Q2 2024, down 85% quarter-over-quarter.
  • 0 funds opened new Legato Merger Corp III Units positions in Q2 2024 and 36 closed out, a net change of -36 holders.
  • The largest Legato Merger Corp III Units seller in Q2 2024 was AQR Arbitrage, an estimated $15.2M sold.

Based on aggregated 13F filings for Q2 2024.