Legato Merger Corp III Units
LEGT.U
LEGT.U was delisted on the 9th of June, 2026.
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.
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
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$15.2M |
| 2 |
KL
KIM LLC
Wichita,
Kansas
|
-$12.2M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$10.1M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$7.4M |
| 5 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$6.59M |
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.